Latest Answer: According to sources, the Minister said that the ready reckoner will be implemented by January 2012 and there might be a rise in the ready reckoner rates by 20-30 percent which will affect the stamp duty and the property market.
Q:The circle rates is introduced to assess the stamp duty for registration of land. From where the people will come to know about the revised rates for registration of land?
Latest Answer: Circle rates is the minimum value of any piece of land or immovable property for registration. The introduction of new circle rates in Himachal Pradesh is only for benefit of property buyers or sellers. At present, the rates for registration of land deals are worked out every month and people have to go to the Patwari (revenue official) for getting the rates, which caused lot of inconvenience and the new system would provide relief to people and this will be revised once a year.
