[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
The Maharashtra government on Friday increased the ready reckoner rates of properties by
an average 1.74 per cent. The new rates will come into effect from September 12, an official
statement from the office of the Inspector General of Registration and Controller of Stamps said.
Ready reckoner rate, also known as circle rate, is the minimum price below at which a property
can be registered in case of its transfer.
In May, the government had decided to keep the rates unchanged for the current financial
year, as it was not able to assess the new rates in wake of the current COVID-19 crisis.
"Due to the COVID-19 pandemic, it was not possible to complete the assessment of the
annual statement rates. However, as per the directives of June 29, we had to complete the
assessment and, accordingly, we have finalised the rates, which will come into effect from
September 12, 2020," the statement said.
Read more at: https://realty.economictimes.indiatimes.com/news/industry/maharashtra-government-raises-circle-rates-by-average-1-74/78071225
Have a nice day