Jaipur: The revised DLC rate for land in Jaipur came into force on Monday. The district administration had revised the rates recently and increased them by 10%-15%. In the wake of the increase, the number of land registries increased over the past few days. <\/p>\n\n\n\n
\u201cThe new rates have been uploaded into the software, so we\nwill be able to prepare registries with the increased DLC rates in Jaipur city\nand other areas of the district,\u201d said a senior district administration officer.\n<\/p>\n\n\n\n
To avoid paying more for the registry, the people queued up\noutside sub registrar offices in the Jaipur district collectorate building.\nAccording to the officials, there was an increase of almost 25% in the number\nof registries in the first week of September compared to the last week of\nAugust. The people also flocked the sub-registrar offices across the city\nincluding the one in JDA till Friday to save money on registry. <\/p>\n\n\n\n
The DLC rates can be increased up to 49% once every year.\nThe stamp duty and registration fee is charged based on the DLC rate prevailing\nin the area where the property transaction is taking place. Experts said that\nthe DLC rates are still less than the market rates, but the increase will cause\nthe home prices to go up.<\/p>\n\n\n\n
The property markets are already sluggish in Jaipur. The\nbuilders said that the increase in DLC rates will further dissuade buyers from\ngetting into the market. <\/p>\n\n\n\n
As per the revised DLC rates, the\nmost expensive area is C-Scheme where the DLC rate is now Rs. 60,080 per square\nmeter. In Civil Lines, it has been increased to Rs. 50550. About DLC rates have\nbeen determined for 500 colonies where they earlier didn\u2019t exist. Besides, the\nDLC rates for the villages situated near state and mega highways also have been\nincreased.<\/p>\n","protected":false},"excerpt":{"rendered":"
Jaipur: The revised DLC rate for land in Jaipur came into force on Monday. The district administration had revised the rates recently and increased them by 10%-15%. In the wake of the increase, the number of land registries increased over the past few days. \u201cThe new rates have been uploaded into the software, so we […]<\/p>\n","protected":false},"author":5,"featured_media":890,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"\n