Chhattisgarh : Land prices reduced by 30%, Purchase-sale of houses and small land plots made easy
Raipur, 23 July 2019 : In accordance with the decision taken by State Government recently, market value of real estate guideline has been reduced by 30%. This decision will come into effect in the entire state by July 25. This will encourage the sale and purchase of houses and land plots across the state. In larger interest of economically weak and middle class families, Chief Minister Mr. Bhupesh Baghel has ordered officials concerned to simplify the process of diversion and also bring diversion cases under Public Service Guarantee Act to ensure redressal in given time-limit. Likewise, mutation process on the basis of registry has also been simplified as per the decision of state government. This decision has brought major relief to middle class and economically weaker section of the society.
State Government has decided to reduce market value guideline of land by 30% and increase registry charges by 0.8% making it 4% of the guideline value. Now, on registry, total 10.25% tax will be payable, earlier it was 7.05%. This decision will boost the growth of real estate and construction sector, and will also create more employment opportunities.
Keeping in view the inconvenience faced by middle class and economically weaker section of the society, Chhattisgarh Government has recently lifted the ban on registry of small land plots of up to 5 decimal. After the ban was lifted, total 55 thousand 86 registries have been done in the state. This includes maximum number of registries from Raipur district i.e. 17 thousand 688. Likewise, 9831 registries in Durg, 7582 in Bilaspur, 2932 in Rajnandgaon, 2181 in Janjgir-Champa, 2133 in Balodabazar, 1519 in Dhamtari, 1493 in Bemetara, 1255 in Mahasamund, 1198 in Sarguja, 1116 in Kabeerdham, 1040 Raigarh, 1038 in Mungeli, 832 in Balod, 766 in Korba, 748 in Bastar, 331 in Surajpur, 328 in Gariaband, 317 in Koriya, 225 in Jashpur, 216 in Kanker, 202 in Balrampur, 83 in Kondagaon, 74 in Narayanpur, 70 in Dantewada, 64 in Bijapur, and 24 registries have been done in Sukma district.
