Sections 56 of the Principal Act shall be omitted.

Insertion of new section ("Insertion of new section 56-A") 32. After Section 56 of the Principal Act, the following shall be inserted and shall be deemed to have been inserted with effect from 1st day of November, 2000, namely:- "56-A. No fees for Registration, stamp duty on instrument of agreement, plans or maps in connection with town Development scheme.-

1. (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. (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."