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Land registrations, particularly of agri lands pick up, as govt is set to revise market values of lands
The Hindu
Revised market values likely to be effective February 1
Registration of agricultural and non-agricultural properties is witnessing a steep surge in the last couple of days amidst reports that the government will announce revision of market values for different kinds of lands in a couple of days.
The offices of the sub registrars (SROs) in urban and rural areas registered significant rise in the number of transactions since the past few days with the impending hike in the market values of lands. Senior officials said the preliminary exercise for revision of market values of lands have been completed and a final report will be sent to the government in a day or two.
“This will be followed by issuance of a formal order by the government revising market value of lands,” a senior official said. Though date from which the new market values will be effected has not been notified yet, senior officials said the new values are likely to be effective from February 1.