Property registration rates are to be revised in Jharkhand
The state government of Jharkhand is planning to revise property registry fees conducted annually in urban and biennially in rural areas.
There has been a huge discrepancy in the charges until the last revision of registry rates and there used to be a hike of just 5 per cent in upmarket areas whereas it went up by up to 30-40 per cent in other places.
Sources state that market value of plots and flats were much below the rate fixed by department at many places where the registry rates were higher the buyers were forced to get their property registered at a higher value.
Sources state that there are many people in the state who avoid registration and sell the property after a few years.
The authorities are planning to make rates rational and clear all discrepancies. The rates of plots and flats are planned to be close to the actual market price in a particular locality.
Civic authority, Jharkhand government, Plots, Property registration, Property registration jharkhand, property registry fees, Residential Flats
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