Mumbai, April 1 Maharashtra Revenue Minister Chandrashekhar Bawankule said on Wednesday that the state government had refrained from implementing a proposed 12 to 14 per cent increase in ready reckoner rates this year, considering the ongoing West Asia crisis and the resulting global situation.
The Inspector General of Registration submits a proposal to the government every year, suggesting an increase in the ready reckoner rates. The ready reckoner rate is the minimum rate based on which the government charges registration fees and stamp duty for any property-related transaction.
Speaking to reporters, Bawankule said, "The government rejected the proposed increase in property rates to protect public interest, considering the prevailing global situation."
He said micro-zoning would be implemented in metropolitan cities, such as Mumbai, Pune, Thane, Nagpur, and Chhatrapati Sambhajinagar, under which property rates would be determined based on local amenities.
"Rates will be applied based on the value of each property and not uniformly," he said, adding that rates were simplified in line with changes in development plans and regional plans.
The minister said that encroachments of up to 1,500 square feet constructed before January 1, 2011, on government land or within layouts, would be regularized, subject to conditions including residence in Maharashtra and inclusion in the 2011 voters' list.
He said that action would be taken against constructions beyond 1,500 square feet.
Bawankule said that the land measurement process would become cheaper and faster with the launch of 'Version 2' software by the land records department.
Measurement charges would be reduced to Rs 200 per sub-division, bringing down costs from around Rs 10,000 to Rs 1,000, Bawankule said, adding that property data would be stored on iCloud and processing time would be reduced.
According to him, quasi-judicial revenue cases must be disposed of within 90 days in two hearings.
The Inspector General of Registration submits a proposal to the government every year, suggesting an increase in the ready reckoner rates. The ready reckoner rate is the minimum rate based on which the government charges registration fees and stamp duty for any property-related transaction.
Speaking to reporters, Bawankule said, "The government rejected the proposed increase in property rates to protect public interest, considering the prevailing global situation."
He said micro-zoning would be implemented in metropolitan cities, such as Mumbai, Pune, Thane, Nagpur, and Chhatrapati Sambhajinagar, under which property rates would be determined based on local amenities.
"Rates will be applied based on the value of each property and not uniformly," he said, adding that rates were simplified in line with changes in development plans and regional plans.
The minister said that encroachments of up to 1,500 square feet constructed before January 1, 2011, on government land or within layouts, would be regularized, subject to conditions including residence in Maharashtra and inclusion in the 2011 voters' list.
He said that action would be taken against constructions beyond 1,500 square feet.
Bawankule said that the land measurement process would become cheaper and faster with the launch of 'Version 2' software by the land records department.
Measurement charges would be reduced to Rs 200 per sub-division, bringing down costs from around Rs 10,000 to Rs 1,000, Bawankule said, adding that property data would be stored on iCloud and processing time would be reduced.
According to him, quasi-judicial revenue cases must be disposed of within 90 days in two hearings.