Lucknow Municipal Corporation Caps Mutation Fee at Rs 10,000, Real Estate News, ET RealEstate

September 14, 2024
0 Comments


<p>Representative image </p>
Representative image

LUCKNOW: Lucknow Municipal Corporation (LMC) has decided to cap the mutation fee at a flat rate of Rs 10,000.

The decision, made by the executive committee on Friday, marks a significant change from the previous rule, where the mutation fee was uniformly set at 1% of the property’s value.

For instance, the mutation fee for a property worth Rs 1 crore would have been Rs 1 lakh. With the new rule, the fee will be capped at Rs 10,000.

The new fee structure may take at least two months to be implemented. The proposal will first be sent to the administration for approval, and once approved, it will be passed by the municipal corporation. The Lucknow Development Authority (LDA) already charges a flat rate of Rs 10,000 for mutation, which had put pressure on the municipal corporation to lower its fees as well.

In a related decision, the LMC has also agreed to withdraw extra charges levied on 20 different business sectors, including parlors, restaurants, and hotels. This move, following strong opposition from the business community, is expected to benefit over two lakh business owners in the city.

Meanwhile, in another decision, LMC has decided carry out the survey of open drains and cover them with protective nets in the city.

The move follows the tragic death of a seven-year-old girl who fell into an open drain in Wazirganj on Sept 5.

The EC, headed by mayor Sushma Kharkwal, also decided to address sewer problems in Munshipulia.

The expected cost for this work is around Rs 21 crore. The proposal for this expenditure will be sent to the state govt for approval. Special attention will be given to ensure that no bridges or crossings are damaged during the work.

The EC highlighted the importance of sharing complaints with local corporators and ensuring that health ATMs remain in good working condition.

Signage boards will be installed at all cremation grounds and burial sites to provide information about facilities and rules.

To improve traffic, unauthorised parking and encroachments around KGMU and Old Lucknow will be addressed. The construction of a new temple entrance in the Bandhi Mata area and the installation of statues of Chandra Shekhar Azad and poet Valmiki in local parks were also approved.

Another decision was the construction of new entry gateways to welcome visitors to the city. The EC informed that a grant of Rs 1.5 crore has been allocated by Rajya Sabha MP Dinesh Sharma for city schools. This funding will be used to purchase smart screens for six municipal schools, with plans to add more if additional funds become available.

To assist during emergencies, the city will purchase essential equipment for disaster relief. Basic facilities will also be provided at labour camps across the city. The old Municipal School building on Chhitwapur Road in Lal Kuan Ward will be demolished and replaced with a new school, community hall, park, and underground parking.

As the Diwali festival approaches, the EC has instructed officials to complete the setup of vending zones. This will help organise street vending and make the city look festive and welcoming.

  • Published On Sep 14, 2024 at 12:00 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App
realty barcode



Source link