Buying land in Madhya Pradesh will become expensive from July 1

The new collector guideline will be implemented soon in Madhya Pradesh. All its preparations have been completed. According to the news of Nai Dunia, this time the rates can be increased in 1.17 lakh areas inside Madhya Pradesh.

This process of increasing the rate can be implemented in the whole of Madhya Pradesh from July 1. For this, the Central Evaluation Board has held a meeting and has sent a report to CM Shivraj Singh Chouhan in this regard.

According to the news, due to the coming of big projects like Bhopal and Indore Metro, the price may increase by 25 to 40%. Due to the increase in the rate, the state government is likely to get an additional income of Rs.1080 crore. By the way, the government is also expected to get less revenue of up to Rs 425 crore if the government gives a discount of 2% on the registration of women’s names. Even after this, revenue of Rs 655 crore can increase.

The registration will be done at the old rates till June 30 and these rates will increase from July 1. Let us tell you that earlier in the year 2015-16, the government had increased the rate by four percent.

Source: Nai Dunia

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