Sub-registrar booked for causing a huge loss to State exchequer

He registered ₹5.61 lakh crore assets as settlement deed in violation of rules

The Directorate of Vigilance and Anti-Corruption (DVAC) has booked a sub-registrar on the charge of causing an estimated revenue loss to the tune of several thousands of crores of rupees to the State exchequer.

The case pertains to the registration of three documents at the Tiruttani Sub-Registrar Office in Tiruvallur district on November 29, 2019, involving representatives of D.D. Educational and Health Trust and D.D. Medical and Educational Trust. The value of the three properties was given as ₹5,61,600 crore. The allegation is that the sub-registrar, instead of levying 11% in Stamp and Registration Fee on the given value of the property, registered the documents as a settlement deed and charged a mere ₹29,000 for each transaction.

According to the First Information Report, the DVAC accused sub-registrar M. Selvakumaran, now under suspension, of abusing his official position in registering the properties “by violating the rules and registration laws laid down by the Registration Department for causing a wrongful gain to the educational trust and a huge loss to the government exchequer”. The agency has named T.D. Naidu of D.D. Educational and Health Trust and Tataji of D.D. Medical and Educational Trust as accused.