Indore: Giving an enormous reduction to property consumers, the State authorities has cancelled the hike in guideline charges of properties within the district.
Nonetheless, the charges of 351 new areas that had been included within the guideline charges for the primary time will stay. Most of those areas are on the outskirts of town.
The district valuation committee, which decides on the rule of thumb charges of properties, had elevated property charges on a mean of 20 per cent for 2021-22. The hike was to be efficient from April 1, however because of the second wave of corona, it was placed on maintain until July 15 after which until July 31. Now, that the brand new charges have been cancelled the rule of thumb charges of 2020-21 will likely be in pressure, save the charges of 351 areas which have been added for the primary time.