Nagpur: The state government in 2018 will try to keep ready reckoner rates the same as in 2017 or even lower. “After demonetisation and the Goods and Services Tax… though there have been more registrations, at the same time, the real estate sector is facing stress. So, the government will try to keep it the same,” said revenue minister Chandrakant Patil on Thursday. Twenty-three lakh deals were made last year and almost Rs 21,000 crore in revenue was generated from them. It was more than expected revenue and went up to 104 per cent, the state government declared.
Shiv Sena MLC Gopikishan Bajoria had raised the issue through a calling-attention in the Council. “While finalising the ready reckoner rates in the state for 2018, it is requested to keep the few things in mind. As of now, this sector is going through serious financial concerns. There is stress in the market. On the ground, rates are down, but as the state government increases its rates, people are forced to pay more stamp duty than the actual rates,” said Mr Bajoria.
Mr Patil replied that the situation would be considered while finalising rates for 2018. “Though issues like GST and demonetisation were there, the state has seen increase in revenue through stamp duty. Almost 23 lakh transactions/deals have taken place last year. The state has crossed its target of revenue with 104 per cent and the amount goes into Rs 21,742 crore. Still, the demand of members will be considered while setting the rates,” said Mr Patil.
The state government has also said that a Cabinet sub-committee had been set up to decide the rates. “All suggestions made by members here will be kept before this committee,” said Mr Patil.
