Ready reckoner (RR) rates to be revised!
No Comments Sub Category:Realty News,Uncategorized Posted On: Dec 22, 2011
The ready reckoner (RR) which directs the realty land rates is now demanding a revision.
However, with the slow pace recorded in the present realty market, the Maharashtra government has paused the revision work for time being.
The proposal of 20 percent average hike in stamp and registration duties are being denied. To discuss the same a meeting was held between the IGR and the senior ministers.
Majority of the ministers and departments demanded a revise in RR to be implemented by January 1st, 2012.
Source: Business Standard
Tags:
IGR, January 1st 2012, Maharashtra government, Majority of the ministers, Ready reckoner (RR), Realty market, Revision of Ready reckoner rates, RR, Senior ministers, Stamps and registration duties
