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State News

Dec 05, 2018

Bihar govt sets Rs 100 fee for family property split

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Bihar government has fixed  100 rupees as the charge for people to get their property registered after division of family’s immovable assets. This decision was taken at cabinet meeting which was chaired by Chief Minister Nitish Kumar.

Previously the charges for registration of property after its division among the family members attracted 5 per cent of the value of property as total charges of which 2 per cent used to be registration fee and 3 per cent was stamp duty on the value of the property as per the prevailing minimum value register(MVR) of the area.

Principal Secretary of Registration department Amir Subhani said Rs 100 charged, registration fee and stamp duty will be Rs 50 each and will be applicable uniformly, irrespective of the size and value of property.

Mr Subhani said this is a decision related to public welfare and will reduce tension, disputes, violence and cases in society. We cannot estimate the benefits in monetary terms. 

We cannot also evaluate the losses to the state exchequer because much more people will come to register their share of family property in comparison to earlier times,” Subhani added.

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