PMC to hike rates for house registrationhttps://indianexpress.com/article/cities/pune/pmc-to-hike-rates-for-house-registration/

PMC to hike rates for house registration

For the change of property ownership the charges would be a minimum of Rs 1,000, double of the Rs 500 levied earlier.

pune house tax, pune municipal corporation, pune
The corporation proposed that charges for adding names of heirs to papers will be increased from Rs 220 to Rs 500.

Registration of ownership, change of ownership and naming of legal heirs for any property registered in the Pune Municipal Corporation (PMC) limits is set to become expensive. The charges for adding the name of an heir to the property papers will be increased from 220 to Rs 500 according to the proposal of the civic administration.

In a standing committee meeting, the civic administration on Friday decided to revise the charges for changing the ownership of property registered with the civic body as also the charges for adding the names of heirs who would inherit the property.

For the change of property ownership (ownership transfer) the charges would be a minimum of Rs 1,000, double of the Rs 500 levied earlier.

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The PMC also proposes to charge Rs 500 for the change or correction in the name of companies owning the property without actual sale deed.

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“The charges for change of name of owner of properties registered with PMC have been same for long. The expenditure on administration has increased and accordingly the charges should be revised,” said municipal commissioner Kunal Kumar in the proposal to increase the charges.

The ready reckoner rates and charges for registration of properties have been increasing but the charges for registering name of owner of property have not changed, the proposal said.

According to civic officers, the PMC administration is exploring new revenue sources or trying to increase collection from existing revenue source. The reason for the that is that its major revenue contributor local body tax (LBT) is all set to be revoked from August 1 and the civic body have to rely on the state government for funds.