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Collector rates of lands has increased by 800 percent in Jalandhar

The rates of residential properties in Jalandhar will rise sharply after the hike in the collector rate of the real estate properties.

rates of agricultural land and properties in and around Jalandhar are up from 400 % to 800 %.

The Jalandhar Real Estate Dealers & Builders Association has decided to an agitation if the rates were not brought down.

With this decision, the chance of having own dream home by a common man will be a tough job.

According to the builders association, with this increase in the collector rates of the properties, the business of real estate would face recession.

And the revenue collection from the registration of land sale deeds would also come down to a considerable size.

More related stories:

New tax proposal on Vacant Land

Residents of Chandigarh have to pay housing tax

Source : Punjab News Line

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