Property prices, power tariffs set to rise
In the wake of rising inflation index, purchasing properties and paying electricity bills are set to become expensive.
The electricity bills, especially on commercial establishments, are expecting to rise by around 15 per cent.
The DM circle rate is set to witness a rise of 10 per cent to 20 per cent.
The new DM circle rate is calculated by the width of roads on which the property is situated. The price will rise by 10 per cent if a property situated on a road having a width between 9 metres and 12 metres. Those situated between 12 metres and 18 metres will soar by 20 per cent.
Properties situated on a road, which is more than 18 metres broad will see a price rise by 25 per cent. Properties having roads on two sides will have an additional 10 per cent hike.
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New target for property tax inspectors
Source: Times of India
15 per cent, Commercial Establishments, DM circle rate, Electricity bills, Inflation, Property Purchases
