I-T issues notices on land transactions

rchase deeds are registered every day in the city, while its number is much higher in the whole district.  A tehsildar, on the condition of anonymity, admitted that there was a huge gap between the collector rates and market rates. Taking benefit of this the sellers and purchasers deceive the state by evading stamp duties. The illegal transactions are invariably destroyed once the deal is over and never brought to the notice of revenue department.  With the investment of big colonisers from New Delhi in the border district, the real estate has witnessed a boom resulting in loss of revenue worth crore to the government.  Apart from selling of residential plots in various colonies, the commercial complexes like malls, hotels and other business establishments has been sold at astonishing rates.  However, colonisers are of the opinion that the evasion of stamp duty could be curtailed only if the government lowered it.  They say they have invested large amount of money into the border district without any assurance or subsidy and the government must help them by lowering it.