Registration & Stamps Department - No increase in Market Value Revision in public interest due to Covid-19 - Orders - Issued.
REVENUE (REGN.I) DEPARTMENT
G.O.RT.No. 404 Dated: 09-07-2021
Read the following:
From the C&IG, R&S in Letter. No: MV1/67/2021, 12/05/2021
ORDER:
The Government of Andhra Pradesh issued the A.P., Revision of Market Value Guidelines Rules, 1998, vide G.O.Ms.No.301, Revenue (Registration-I), dated: 04.05.1998. As per the periodicity of revision prescribed in the above rules, the Market values in both Urban and Rural Areas in the State are to be revised w.e.f: 01-08-2021.
Due to severe impact of Covid-19 several organizations have represented to the Government the difficulties that are being faced by the general public, in carrying out transactions in immovable properties.
Therefore there shall be no revision of Market Value this year and the present Market Value guidelines shall remain in force without any revision till 31.03.2022 in a bid to give relief to the general public.
Accordingly, Government, in relaxation of orders issued to Rule-5 in G.O.Ms No. 301, Rev (Reg.I) Dept., dated: 04.05.1998 hereby postpones the date of implementation of the periodicity of revision upto 31.03.2022 in public interest.
The Commissioner & Inspector General, Registration & Stamps shall take further necessary action accordingly, in the matter.