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Land registry rates reduced, says DC

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Express news service

Posted: Jan 17, 2008 at 0010 hrs IST

Ludhiana, January 16 In response to the displeasure of Ludhiana Property Dealers Association over revised collector rates, Deputy Commissioner Sumer Singh Gurjar today said that if the representatives of property dealers feel that rates have not been reduced justifiably in some areas, they can submit applications for specific areas.

The DC said that the administration will consider their representations on merit. Gurjar said that in some areas, even the revised rates are less than the old rates.

The DC highlighted that the collectors’ price related to the sale deeds and properties were revised following the Chief Minister’s directive, after widespread resentment among the public and real estate dealers. But after the revision in prices was announced, the property dealers protested against it.

The property dealers claimed that the reduction of rates was nominal, and not what the CM had promised. The representatives of property dealers also met local MP Sharanjit Singh Dhillon in this regard on Tuesday.

The DC said that considering the demand of the property dealers of Ludhiana, the rates of stamp duty of property sale deeds have been substantially reduced in 99.9% areas of the district. He added that before taking the decision, the administration had lengthy discussions with the local representatives regarding the rates.

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