5-15% hike proposed in collector rate in Bhopal

After evaluating property registrations over the course of one year in the state capital, a sub-committee of the district administration has recommended an increase of 5% to 15% collector rate at 54 locations across the city. Collector rate is the minimum rate at which a property is registered. Last June, collector rate was hiked at 353 locations in Bhopal. Later, it was announced that next rate hike would not take place till 2020. Sources informed that the new guidelines are currently being formulated; they will be effective from July 2020, if the recommendations are okayed. District evaluation committee, which proposes raising of rates across the district, has begun its task. Final confirmation of proposed collector rate hike or reduction is, however, taken by the state government. Objections and suggestion for the same would be received by the district collectorate. “Increase from 5% to 15% has been sought on the basis of registries done in the these locations,” said a district administration official, requesting anonymity. Committee is set to look into proposed rate increase at 54 locations in Bhopal.