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.