The Government of Kerala on February 14, 2024, issued the Kerala Finance Bill, 2024.
The following has been stated: -
•In the Kerala Stamp Act, 1959 (1) in section 28A, for clause (1B), the following clause shall be substituted, namely: -
“(1B) Notwithstanding anything contained in this Act or the rules made thereunder, the Government may, by notification published in the Official Gazette, make an increase of a fixed percentage in the fair value of land fixed as per sub-section (1) or revised fair value under sub-section (1A) from time to time and the value so increased shall be deemed to be the fair value of the land.”
•In the Kerala Court Fees and Suits Valuation Act,1959, in schedule II, after article 19 and the entries against it in columns (2) and (3), the following articles and entries shall be added in column (1), (2) and (3) respectively, namely: -
“20. (a)Petition or counterclaim presented to family court under explanation (c) of sub-section (1) of section 7 of the Family Courts Act,1984.
•In the Kerala Electricity Duty Act, 1963, -
(i)In sub-section (1) of section 3, for the figure and words “6 Naya Paise”, the figure and word “10 paise” shall be substituted.
(ii)In the schedule, in item no.5, in column (3), for the figure and symbol “1.2”, the figure “15” shall be substituted.
•In the Kerala Motor Vehicles Taxation Act, 1976- (1) in clause (b) of sub-section (5) of section 3, the second proviso shall be substituted.
The detailed notification is given in the document attached below.
[Notification No. 2787/Legn-1/2024/Leg.]
