Financial
Lucknow Civic Body Plans to Simplify Property Mutation Charges
The Lucknow Municipal Corporation proposal to simplify mutation charges on transfer and sale of residential and commercial properties will bring relief to owners. The proposal will be placed in the LMC House meeting.
Lucknow, April 15: At present, mutation fees are charged at higher flat rates – often around ₹5,000 or up to 1% of the property value, especially in cases of ancestral property transfer.
Proposed Slab-Based System
| Transaction Type | Basis for Charges |
|---|---|
| Property sale | Value of the property |
| Ancestral transfer | Property size (not more than ₹5,000) |
Benefits
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More transparent process
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Simplified procedure
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Reduced disputes
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Expedited work
Private Establishments
The new proposal will also fix charges for private establishments such as:
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Hospitals
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Guest houses
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Restaurants
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Diagnostic centres
So far, no charges were fixed for such properties. This move aims to bring uniformity.