DLC rates in Jaipur increased, homes to get costlier
Rates increased by up to 17 percent, land registry will now be more expensive
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Registration and stamps department Jaipur. Image credit: Post Staff
Jaipur: The district administration has increased DLC rates for residential land by up to 17 percent in many areas in Jaipur, officials said on Monday. The decision has come at a time when the property sector is reeling under a slowdown.
New DLC rates will cause land prices to go up as land registry will now get costlier. Real estate experts said that the increase may adversely impact the real estate market. Developers are already struggling to get many projects off their hands in the city.
Some areas which have been affected the most by an increase in the rates include Niwaru Road, Sirsi Road, Jagdamba Nagar and Bindayika. These areas falls under the jurisdiction of sub registrar zone – 3.
DLC rates have gone up by 5 percent in some areas including in Adarsh Nagar, Agra Road, Bapu Nagar, Tilak Nagar and Jagatpura
Chitrakoot, Durgapura, Gopalpura, Hawa Sadak will see an increase of up to 15 percent.
The increase has come after a period of more than two years. It was in September, 2014 when the district administration had announced an increase in rates the last time.
“On the one hand, the state government is promising to make housing more affordable with Chief Minister Affordable Housing Scheme and on the other hand, they are increasing rates,” said Mahesh Kumar, a resident of Sodala who was planning to buy a flat, but said that he would not likely be able to afford one due to the increase.
A developer told the PinkCity Post that the decision to increase the DLC rates would affect the middle class and people from lower income group the most.
