(a) The District Registrars of the district concerned shall prepare consolidated bills in Triplicate for the amount of transfer duty payable to Town Panchayats, Municipalities and Municipal Corporations as arrived at by them after deducting the amount of collection charges with reference to rule 6, and send it to the Treasury Officer, who shall credit the amount to the ‘heads of account’ of the Municipal Administration and Water Supply Department that may be specified from time to time.
(b) In respect of the Chennai City, the Administrative District Registrars of the City shall like-wise prepare a consolidated bill for the amount of transfer duty payable after deducting the collection charges with reference to rule 6 and send it to the Pay and Accounts Officer who shall credit the amount to the head of account of the Municipal Administration and Water Supply Department that may be specified from time to time.
9. Payment of the transfer duty to the municipality concerned and crediting into the Fund.-–
(a) Government shall make Budget Provisions to allocate funds payable to Town Panchayats, Municipalities, Corporations and to the Fund, based on the actual amount of collection of transfer duty of the preceding financial year.
(b) fifty per cent of the allocation indicated in sub-rule (a) will be credited to the Fund based on the intimation received quarterly from the Inspector-General of Registration and the balance fifty per cent of the allocation shall be released to the municipalities in the manner referred in sub-rule (c).
(c) The Heads of the Departments concerned shall check the arithmetical accuracy of the figures sent by the Inspector- General of Registration with reference to rule 6 and prepare a consolidated bill with full details as to the amount due to each municipality as transfer duty as furnished by the Inspector-General and send it to the municipality concerned on quarterly basis.
(d) Likewise, the Heads of the Departments concerned shall prepare a bill with full details as to the amount to be credited into the Fund, as transfer duty for crediting the amount into the Fund and send it to the Tamil Nadu Urban Infrastructure Financial Services Limited, who is operating the Fund.