The citizens of Rajasthan are now able to keep your possession title of residential land forever as law department has provided final approval around the proposal of free hold lease on Tuesday.
At the moment, the owner can claim a directly on a house just for 99 years. The urban development and housing (UDH) department after giving the notification will abolish the 99-year lease and introduce free hold system within the state.
A senior UDH official while speaking to TOI stated that in current scenario, the condition government levies 8 occasions from the lease money, due once to allow 99 years’ lease on residential qualities. When the one-time lease cash is deposited, the allottee gets to be a certificate in the department. For that free hold lease, the department has suggested to improve lease money by 10 occasions in the earlier 8 occasions.
“What the law states department has provided a nod . Once implemented, it will raise the revenue from the states from all of these properties.” the state stated.
The UDH department earlier too had sent the proposal of free hold lease towards the finance department. However, the finance department raised many objections around the proposal.
Similarly, for commercial properties in current scenario, the condition government levies 8 occasions lease money. It has been suggested to become hiked to 12 occasions. Based on the sources, “Many deposit one-time lease money for residential qualities. Furthermore, it might be tough to take having houses after 99 years lease expires.”
Additionally, the quota for disabled continues will remain increased from 2% to 3% in most of the Rajasthan Housing Board (RHB) and Jaipur Development Authority (JDA) housing schemes.