New Delhi: People in the city will now have
to shell out more for registration of properties with the Delhi
government on Monday deciding to increase the fee substantially to
generate an additional revenue of Rs 100 crore.
Delhi Revenue Minister Raj Kumar Chouhan said the
registration fee would be one per cent of the total value of
the property worth upto Rs 20 lakh.
For properties valued more than Rs 20 lakh, the
registration fee has been fixed at Rs 50,000. Up till now, for
any registration of properties, a fix amount of Rs 100 was
charged by the revenue department.
The decision was taken at a Cabinet meeting chaired by
Chief Minister Sheila Dikshit.
"The fee of Rs 100 was fixed in 1964. It has not been
changed for last 46 years. The increase in registration fee
will fetch the government nearly Rs 100 crore annually,"
Chouhan said.
He said the fee for issuing a will has also been
increased from current Rs 100 to Rs 500.
An official said the decision to increase the
registration fee was taken to generate additional revenue as
government was going through difficult financial situation
because of hefty spending.
PTI
First Published: Monday, May 17, 2010, 18:36