Kumar Bahukhandi
Raipur: Chhattisgarh government has given a big relief to the middle class people buying property. Now in the purchase and sale of any property, even if the deal amount is more than the guideline rate, the registry fee will be taken as per the guideline rate. With this, the middle class family dependent on bank loan will be able to get loan on the basis of actual value.
Let us inform you that this decision taken in the cabinet meeting recently under the chairmanship of Chief Minister Vishnu Deo Sai . It is an especially benefit for those citizens who buy property through bank loan. Earlier, in the purchase and sale of property, it was necessary to pay registry fee on whatever was higher between the guideline rate and the deal amount.
For example, if the guideline value of a property is Rs 6 lakh and its deal was done for Rs 10 lakh, then the registry fee had to be paid at the rate of 4 percent on Rs 10 lakh, which was Rs 40 thousand.
After the amendment in this rule, the property buyers can now mark the actual price even if the deal amount is more than the guideline rate and they will not have to pay any additional fee for this.
After this amendment, if a property with a guideline value of Rs. 6 lakh is sold for Rs. 10 lakh, then also the registry fee will be payable only Rs. 24 thousand at the rate of 4 percent of Rs. 6 lakh. In this way, there will be a saving of Rs. 16 thousand.
