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Monday, January 24, 2022
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Government land valuation to increase in all urban areas in Assam

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The state administration has decided to raise the minimum government land values in all of the state’s urban areas after eight years. According to the draught on land value improvement, the increase will range from 50 to 250 percent, depending on the locality.

002 Government The North-Eastern Chronicle

Through the deputy commissioners, the government has solicited public input on this. The administration will set the new prices after gathering public feedback.

Increment in Government land value

According to a report by The Sentinel, the government valuation of land in the Noonmati area of Guwahati, according to revenue officials, is Rs 15 lakh per Katha. The government intends to raise the price per Katha to Rs 60 lakh.

Similarly, the government intends to raise the prices in Jalukbari to Rs 37 lakh per Katha from the current Rs 8 lakh, in residential areas in the Ulubari area to Rs 45 lakh per Katha from the current Rs 25 lakh, in Sunsali to Rs 22 lakh per Katha from the current Rs 15 lakh, and so on.

Despite strong reactions from many quarters, official sources claim that land values in urban and commercial districts are fast increasing. The government’s main goal is to increase income collection. The government receives 3% of the value of land deeds as stamp duty and registration costs.

Land revenue to double

These two figures are based on the value of government-owned land. If the government doubles the land value, the government’s revenue will double as well.

Official sources claim that, notwithstanding government land area rates, people sell or buy such areas at substantially higher prices. In the Noonmati area, the current official land value per Katha is Rs 15 lakh.

government land value

However, it is a well-kept secret that residents in the neighbourhood sell or buy land for more than Rs 50 lakh per Katha. Official sources believe that if a person can afford to buy a plot of land for Rs 50 lakh per Katha, he or she can also afford to pay some revenue to the government.

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