No fees for Registration, stamp duty on instrument of agreement, plans or maps in connection with town Development scheme

56-A. No fees for Registration, stamp duty on instrument of agreement, plans or maps in connection with town Development scheme.- (1) Notwithstanding anything contained in the Registration Act, 1908 (No.16 of 1908) or any other law for the time being in force, no instrument executed between any owner of the land and the Town and Country Development Authority for giving effect to an agreement under this Act shall be chargeable with any fee under that Act. (2) Notwithstanding anything contained in the Indian Stamp Act, 1899 (No.2 of 1899), no instrument executed between any owner of the land and the Town and Country Development Authority for giving effect to an agreement under this Act shall be chargeable with any duty under that Act.