The state government wants that the valuation of property is done through some registered architect before its registration in the urban estate area.
The Punjab revenue department had issued instructions to the registration branch of district collector offices that in respect of urban properties, the registering officers shall not register the documents unless the same is accompanied by the relevant revenue record, if applicable, a map of the property and a valuation certificate issued by a registered architect. The valuation certificate registered issued by a architect shall be accepted as valid valuation of the property for the purpose of registration and charging of stamp duty, said an official communication.
The letter sent to revenue officials state that after the above exercise is done, the deputy commissioners shall ensure that registries are done by the registering officers in accordance with the rates as per the valuation.
However, the software developed for the purpose will take care before registration of the documents that the value of the property being registered is at par with the collector rates already fed in the computer.
Once decision is implemented, there may not be any necessary to hold the documents or refer to collector for the determination of value of the property concerned. The official communication further states that the commissioners of the divisions shall hold the review meetings with the deputy commissioners and progress will be reported to the government.
The decision to be implemented from October 1.
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