The Haryana Government has come out with a new Policy for Fixation of Market Rate of Immovable
The Haryana Government has come out with a new Policy for Fixation of Market Rate of Immovable Properties in the state under which a uniform standing committee would be constituted.
- A new Policy for Fixation of Market Rate of Immovable Properties in the state
- Chandigarh, July 7–The Haryana Government has come out with a new Policy for Fixation of Market Rate of Immovable Properties in the state under which a uniform standing committee would be constituted.
- The committee for the entire state will fix rates of properties of all departments of the government, boards, corporations, panchayati raj institutions and urban local bodies.
- The committee will be set up by the Revenue Department which has been designated as the nodal department under the new policy. Divisional Commissioner concerned will be the Chairman of the uniform standing committee. The other members of the committee are ; One Departmental Officer in the Head Quarter/ District, in whose charge the land or building to be disposed off lies, as nominated by the Head of Department , valuers notified/registered by Income Tax Department , State Bank of India and Insurance Company District Revenue Officer concerned district will act as its Member Secretary . The Chairperson may co-opt/invite any other officer/expert to be a member of the Committee to participate in its meeting.
- Explaining the need for setting up a uniform committee at district level, Mr Sanjeev Kaushal, Financial Commissioner, Revenue & Additional Chief Secretary, Revenue and Disaster Management Department, said the need was felt on two counts. Firstly, some departments might have constituted similar committees for making valuation of the market rate of immovable properties which may have adopted different yardsticks, opening the door ajar for multiplicity of legal complications. Secondly, in the absence of crystal clear guidelines, many departments have been experiencing difficulties in transferring unutilized lands of minor nature, including its abandoned paths etc, to private bodies, these being situated in between their lands. Not only this puts a stumbling block in the fast development of projects but also affects revenue of the state.
- Procedure to be followed
- Explaining the procedure to be followed under the policy, Mr Kaushal said the policy laid down that land records i.e., copies of jamabandi, mutation, khasra girdawari, aksh shijra, field book shall be made available by the deputy commissioner concerned. The title of the property, including ownership, khasra numbers, shall be verified online from the Web-HALRIS portal by the revenue team of the divisional commissioner.
- It would ensure that the land is in complete khasra number(s) with specific karukan (length & breadth i.e. field book) and not in share in any manner, as per ownership column of jamabandi.
- The Revenue and Disaster Management Department shall notify/empanel valuers to be drawn from among the registered valuers of the Income Tax Department, State Bank of India and insurance companies relevant to Haryana. The department shall also notify a code of ethics for the empanelled valuers; they will be dis-empanelled in case the Code is violated.
- The empanelled valuers shall make a valuation of the property in question, as per the relevant statute, rules, policy and instructions of the department/ institution/ entity, to which they belong, and shall submit a report in 10 days from the date they are requested. The uniform standing committee shall meet within seven days of receipt of the report and work out the average of the valuation made by the valuers.
- Seeking details of market value
- The policy lays down that the chairperson shall seek details of the market value as specified in the Indian Stamp Act, 1899 for registration of sale deeds in the area, where the land is situated. A comparative statement of the prices determined in accordance with above procedure shall be prepared.
- If the concerned builder/private entity is ready to pay double the amount of the latest collector rates fixed under the Indian Stamp Act. for registration of sale deeds of the land under reference or average of two deeds of highest amount during the preceeding year in the revenue estate pertaining to the same kind of land/immovable property, whichever is higher, appropriate decision can be taken by the concerned department with approval of the Chief Minister and the other procedure prescribed in the policy shall not be applicable.
- In case, the final cost of the land is finalized, the conveyance deed executed by the concerned government department/board etc shall be registered under the Registration Act. 1908 (Central Act 16 of 1908), Mr Kaushal added.
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