5% increase in land and house prices around Ranchi, get the work done today

Land and houses in rural areas of the capital Ranchi will become expensive from August 1. There has been a uniform 5 percent increase in the price of land and houses in the rural areas of Ranchi district. The new rate will come into effect from August 1. With the increased rate, you will have to loosen your pocket in stamp and registration fees.
The most expensive land is in Bodeya Mauja, the cheapest is in Budhmu
The cheapest agricultural land is in Korabar village of Budhmu. Its increased rate is Rs 1677 per decimal. Here residential land is Rs 3354 and commercial land is Rs 5900 per decimal. The most expensive land is in Bodeya Mauja of Kanke zone. Agricultural land is Rs 274811, residential land is Rs 549622 and commercial land is Rs 988807 per decimal. Similarly, the rate of land in other zones has been increased. Last time in 2022, there was an increase of up to 10 percent. The Deputy Commissioner has signed the new rate on Tuesday.
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Crowd at the registration office for registration
There was a crowd in the registration office on Tuesday. There was more property registration than on other days. Registration of land and house will be done on only one day on 31st July at the current rate. New rates will be uploaded on 1st August. Registration of rural areas will start from 2nd August.
Stamp and registration fees will be higher
This time the increase has been made in rural areas. Last year the prices of land and houses in urban areas were increased. During registration, 7 percent of the price fixed by the government has to be paid as stamp and registration fee. Due to this increase, the stamp and registration fee will be more.
The minimum price is fixed every two years
The Land Revenue and Registration Department fixes the minimum price for the purchase and sale of land and houses every two years. Houses have been divided into three categories and land into four categories. Houses have been divided into kutcha, pucca and deluxe structures and land into agricultural, industrial, commercial and residential purposes.
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