Maharashtra Land Revenue Code Quiz

Land Revenue Acts

• The Maharashtra Land Revenue Code, 1966 governs the land revenue system in rural areas of Maharashtra.
• The code lays down provisions for the assessment and collection of land revenue, including taxes on ancestral properties.
• Key aspects:
  • Land revenue is levied on the annual rental value of the land.
  • The collector of the district is responsible for assessing and collecting land revenue.
  • Landholders are required to pay land revenue annually.

Property Inheritance

• Inheritance of rural ancestral property in Maharashtra is governed by the Hindu Succession Act, 1956, and the Maharashtra Cooperative Societies Act, 1960.
• Key aspects:
  • Hindu ancestral property is governed by the Hindu Succession Act, which provides for the devolution of property among heirs.
  • Agricultural land can be inherited by Class I heirs, including sons, daughters, and spouses.
  • Inheritance of ancestral property is subject to payment of applicable taxes and duties.

Stamp Duty

• Stamp duty is a tax levied on the transfer of property, including rural ancestral property in Maharashtra.
• The Maharashtra Stamp Act, 1958 governs the stamp duty on property transactions.
• Key aspects:
  • Stamp duty is payable on the market value of the property.
  • The rate of stamp duty varies depending on the location and type of property.
  • Exemptions from stamp duty are available for certain types of transactions, such as transfer of property to a family member.

Land Revenue System

• Land revenue is governed by the Maharashtra Land Revenue Code, 1966 in rural areas of Maharashtra.
• The code governs the assessment and collection of land revenue, including taxes on ancestral properties.
• Land revenue is levied on the annual rental value of the land.
• The collector of the district is responsible for assessing and collecting land revenue.
• Landholders are required to pay land revenue annually.

Property Inheritance

• Inheritance of rural ancestral property in Maharashtra is governed by the Hindu Succession Act, 1956, and the Maharashtra Cooperative Societies Act, 1960.
• Hindu ancestral property is governed by the Hindu Succession Act, which provides for the devolution of property among heirs.
• Agricultural land can be inherited by Class I heirs, including sons, daughters, and spouses.
• Inheritance of ancestral property is subject to payment of applicable taxes and duties.

Stamp Duty

• Stamp duty is a tax levied on the transfer of property, including rural ancestral property in Maharashtra.
• The Maharashtra Stamp Act, 1958 governs the stamp duty on property transactions.
• Stamp duty is payable on the market value of the property.
• The rate of stamp duty varies depending on the location and type of property.
• Exemptions from stamp duty are available for certain types of transactions, such as transfer of property to a family member.

Test your knowledge of the Maharashtra Land Revenue Code, 1966, which governs land revenue system in rural areas of Maharashtra, including assessment and collection of land revenue and taxes on ancestral properties.