Property News

Vetting of IGR before verbal exchange of Market Value to requisitioning authority

The rely of ascertaining the market, rate maintained by using the workplace of the Inspector General of Registration (IGR) has been reviewed.

It has now been determined that requests for valuation/market fee of land must be despatched without delay to the IGR or his. subordinate offices. However, in case of exclusive nature of projects, like a township, industrial parks, leisure parks, PPP projects, etc. involving a large chunk of land, the requisition must be despatched immediately to the IGR. The requisition for assessment of market rate which is despatched to IGR/ or subordinate workplaces of IGR ought to continuously be in the Proforma of the IGR (available in the website

The IGR has been directed that, on receipt of the requisition by using his workplace both without delay or at his sub-ordinate offices, the market charge has to be communicated to the respective Requisitioning Authority within 7 days of the receipt of the requisition.

However, the sub-ordinate workplaces of the IGR have been directed that earlier than speaking the valuation/market fee of land to the Requisitioning Authority, the equal may additionally be authorized through the IGR to keep away from any error in the evaluation of the market price. 

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