The Finance Department of Rajasthan on February 24, 2021 has issued a notification for the amendment in the rates for assessment of market value of the following categories of and for whole state under Rajasthan Stamp Rules, 2004.
The following categories of land amendments have been made:
• Rates of industrial land in RIICO industrial area or land converted for industrial purposes or agriculture land being used for industrial purposes shall be:
1. equal to the rates determined by RIICO in RIICO Industrial Area.
2. equal to three times of the rates of agriculture land of that area in other cases but if such rates are more than the rates determined by RIICO in nearest RIICO Industrial Area then equal to the rates determined by RIICO in that nearest RIICO Industrial Area.
• Rates of institutional, residential and commercial land in RIICO Industrial Area shall be:
1. equal to the rates of industrial land determined by RIICO in case of institutional land.
2. equal to two times of the rates of industrial land determined by RIICO in case of residential land.
3. equal to four times of the rates of industrial land determined by RIICO in case of commercial land.
• Rates of land converted for institutional purposes or agriculture land is being used for institutional purposes shall be:
1. equal to 1.5 times of the rate of agriculture land of that area where land is purchased by cooperative societies/charitable institutions.
2. equal to 2 times of the rate of agriculture land of that area in other cases.
• Rates of land converted for Solar Power Plant, Solar Park, Wind Power Plant or Hybrid Power Plant purposes or agriculture land is being used for Solar Power Plant, Solar Park, Wind Power Plant or Hybrid Power Plant purposes shall be equal to two times of the rates of agriculture land of that area but if such rates are more than the rates determined by the R1ICO in nearest RHCO Industrial Area then equal to the rates determined by the R1ICO in that nearest RHCO Industrial Area.
• Rates of land converted for agro-industrial purposes or agriculture land is being used for agro-industrial purposes shall be equal to two times of the rates of agriculture land of that area.
• Rates of the land converted for hotel, motel, guest house and restaurant purposes or land is being used for the above purposes shall be equal to the rates of the commercial land of that area.
