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Collector of Stamps issues notice to Seven Eleven Education on overdue of crores

The Collector of Stamps Thane districts has issued a notice to the Seven Eleven Education Society to pay the long overdue of Rs 97 lakh 40 thousand in arrears of stamp duty with a penalty of 2% per month from 2008 till July 2021. The last date for the payment is August 21. With penalties, the amount may reach several crores.

Seven Square Academy in Mira Road runs under the Seven-Eleven Education Society, in the leadership of Suman Mehta. The land and school building were taken on leased since 2008 for 30 years from former Bharatiya Janata Party MLA Narendra Mehta‘s Seven Eleven Construction Company. Suman Mehta is Narendra Mehta’s wife.

The registration and stamp duty was not paid as per the rules while signing the lease agreement. Nevertheless, the department has issued show caused notice in 2013 and asked why criminal action should not be taken against society. However, many complaints were made to collect the stamp duty with the penalty.

About the notice

Tanaji Gangawane, Collector of Stamps, Thane has issued a notice to Suman Mehta of Seven Eleven Education Society. In this notice, it is mentioned that a complaint was lodged in this regard in 2014. A hearing notice was issued on November 10, 2016. The final order was issued on October 26, 2020.

The eight-floor school building covers a total area of 78 thousand sq m with a total land area of 9926 sq m. “Total Stamp duty comes of Rs 97,40,100 which was not paid at the time of leasing it. With the said stamp duty, a penalty of 2% per month should be paid. This should be done within 30 days from the date of issuance of the notice. If the amount is not paid, the Collector of Stamps will take strict action,” states the notice.