Bihar government has increased the land revenue and registry charge of land and flats. The new increased rate has over ruled from 01 April 2012. By new rule the registry charge rate has been fix 5% of land cost and 7% of flat’s cost.
Before 01.04.2012 the rate for land registration and flat registration was 2% of its cost. By the new rule the registry charge and stamp duty for land purchase become costly in Bihar.
Bihar Government says that in the other state like WB, Uttar Pradesh, Maharashtra and other the land registry charge is higher than Bihar till now.
If you purchase a flat in Patna in cost of 7 lakh then you have to pay 1,20 lakh extra for its registration charge and stamp duty etc.
The value of land and flats differs at place to place. There are many types of categories in which the land are divided. In the urban area the minimum value of land is higher than semi urban area. The categories differs on type of grade of cities.