Hry introduces market rate fixing policy for real estate in the state

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With many departments struggling to transfer unused land to private agencies, the Haryana government has implemented a new market rate fixing policy for real estate in the state.

Under the policy, a uniform district-level standing committee would be formed which would set the property prices of all government departments, councils, corporations, panchayati raj institutions and urban local bodies.

The committee will be set up by the revenue department which has been designated as the nodal department under the new policy. The relevant divisional commissioner will be the chairman of the uniforms standing committee, an official spokesperson said.

Explaining the need to set up a uniform committee at the district level, Sanjeev Kaushal, Finance Commissioner, Chief Revenue and Supplementary Secretary, Department of Income and Disaster Management, said the need was felt in two ways. . First, certain departments could have formed similar committees to assess the market rate of real estate which could have adopted different criteria. Second, in the absence of clear guidelines, many departments have found it difficult to transfer unused land of a minor nature, including its abandoned roads, etc., to private bodies, these being located between their lands. Not only is this a stumbling block in the rapid development of projects but also affects state revenue, he added.

Kaushal said the policy has established that the land records i.e. copies of jamabandi, mutation, khasra girdawari, land book will be made available by the relevant deputy commissioner. Title deed including ownership, khasra numbers will be verified online from the web-HALRIS portal by the Divisional Commissioner’s Revenue team.

Consultants conduct an appraisal of the subject property, in accordance with the law, rules, policy and instructions of the department, institution or entity to which they belong, and submit a report as required. 10 days from the date they are requested. The uniform standing committee meets within seven days of receiving the report and establishes the average of the evaluations made by the experts.

Whether the builder or private entity concerned is prepared to pay double the amount of the last collection rates set under the Indian Stamp Act. for the registration of deeds of sale of the land under reference or the average of two deeds of the highest amount during the previous year in the fiscal field relating to the same type of land or building, whichever is greater of the two, the appropriate decision can be made by the department concerned with the approval of the chief minister and the other procedure prescribed in the policy will not apply, he said.

In the event that the final cost of the land is finalized, the deed of cession signed by the relevant department / government council, etc., will be registered under the law on registration. 1908 (Central Law 16 of 1908), adds Kaushal.


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