Today I spent almost 1/2 the day at Land Registry office in #Kolkata. As someone who has spent career in process consulting the inefficiency and corruption is just appalling. First off the entire office takes you back by 500 years and it literally looked like a cattle (1/n)
(2/n) market. I was there giving a family member, the seller of the property, company. This property is valued (govt valuation) at 70L. Every past record, every deed, stamped Site Plan with the family and in the govt record shows that the front road is 7 ft. The system data....
(3/n) which some half brained govt sloth has plugged in is 30 ft. Just imagine the shock to the Seller and the Buyer. Huge implications - the valuation goes up as do taxes. This is purposely done by this inept and corrupt govt to fleece money from people. There were 2.....
(4/n) options to circumvent the problem. Either to settle it there with the Registrar or Asst Registrar or pay the additional Stamp Duty. My friend opted for the latter. We won't cave into organized heist. A top retired politician from the Left was with us. He said.....
(5/n) that during CPIM regime the revenue from this dept was about 21K crores. It is now close to 51K crores. This is primarily because the current govt had increased the govt baseline valuations of all properties. More the valuation, more the Stamp Duty. You and I can never win!
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