There has been a growing resentment among the public over hiked collector rates in Haryana. After the hiked collector rates, it has become unaffordable for common people to buy a house as one of the legal professionals questioned, “Why does the government want to burden common people, small traders, poor, farmers? The government should roll back the hiked rates."
Haryana Chief Minister Nayab Saini in response to opposition concerns about increased collector rates, has now decided abolishes stamp duty on small residential plots in urban & rural areas, covering all properties bought under the Pradhan Mantri Awas Yojana, Mukhyamantri Shehri Awas Yojana, and Mukhyamantri Gramin Awas Yojana.
The collector rate is the minimum value at which a property can be registered in the government records. The registration fee and stamp duty while buying a property are based on these rates. Out of a total of 2,46,812 segments in the state, the collector rate has been increased by only 10 per cent in 72.01 per cent of them. In areas where the registry value was 200 per cent higher than the collector rate, the maximum increase was 50 per cent.
As per the CM, despite the adjustment, collector rates in most areas remain significantly below actual market prices. “This step aligns with the government's objective of promoting transparent transactions and good governance, curbing black money, and enabling the public to transact property at real and fair prices, Saini said.
Saini also emphasised that the government had not introduced any new registration tax. Since 2008, stamp duty has been levied at 7 per cent (including a 2 per cent development fee) for men and 5 per cent for women, and these rates remain unchanged to this day, he said.
