Chandigarh, May 12 -- The Punjab and Haryana high court (HC) has dismissed a bunch of pleas wherein petitioners had challenged UT's decision to not register their properties at old collector rates.
On April 1, the UT modified collector rates after a period of four years. The hike effected is up to 125% for various property categories. The collector rate is the minimum property value below which a property cannot be registered with the government. Also, the stamp duty is calculated based on the collector rate.
A dozen odd pleas sought directions to the UT to accept the application(s) for registration of conveyance deed(s) as per the old collector rates. After the notification came on March 25, the petitioners made attempts to secure onli...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.