Revised land rates and stamp duty

Agricultural Land

For agricultural lands, the lowest value has been fixed at Rs 75,000 per acre. The existing values in this category have been enhanced by 50 per cent in the lower range, 40 per cent in the mid-range and 30 per cent in the higher range.

Plots

lowest value hitherto was Rs 100 per square yard, which has now been revised to Rs 200 per square yard. The basic value of open plots has been revised by 50 per cent in the lower range, 40 per cent in the mid-range and 30 per cent in the higher range.

 

Apartments  

The existing lowest value for flats or apartments was Rs 800 per square feet, which has now been revised to Rs 1,000 per sft. The increase in this category is by 20 per cent in lower ranges and 30 per cent in higher ranges. 

 

The registration fee for other categories include:

Gift in other cases

a) For property falling in any area except GP: 0.5% subject to minimum of Rs 1,000 and Maximum of Rs 10,000

b) For property falling in GP: 1.5% plus (0.5% subject to minimum of Rs 1,000 and Maximum of Rs 10,000)

Exchange

a) For property falling in any area except GP: 0.5%

b) For property falling in GP: 2%

Mortgage with possession

a) Property falling in any area except GP: 0.1%

b) Property falling in GP: 1.6%

The Market Value, which is also known as ‘Basic Value’ for registration, was last revised in 2013. In the nascent years of statehood, the market values were not revised to stabilize and augment growth in various sectors.