Market rates of land for 2020 notified in Srinagar

Srinagar

The Srinagar district-level committee under SRO 303 under the chairmanship of Deputy Commissioner Srinagar Dr Shahid Iqbal Choudhary has finalised the revised rate structure of land in Srinagar district for 2020 calendar year.

The revised rate structure includes a hike of around 5 percent on average and corrections of anomalies wherever extant. The hike has been proposed after taking into account the current market price in all seven Tehsils based on different parameters.

It should be noted that urbanisation with greater demand for land across the capital district has been found as a chief factor behind increased market price of most of these areas.

The finalised rate structure has been submitted for approval to the divisional valuation committee headed by Divisional Commissioner Kashmir.

The rate structure will come into force on 1 January 2020 and will remain valid until 31 December 2020.

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