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Procedure for Valuation of Market Price of Land by IGR

Before communicating the valuation/ market price of land to the requisitioning authority, the same may be approved/ vetted by the IGR in order to avoid any error in the assessment.

Published in Finance Tags:

GOVERNMENT OF WEST BENGAL
FINANCE DEPARTMENT
325, SARAT CHATTERJEE ROAD, NABANNA,
HOWRAH – 711 102

No. 1899-F(Y) Dated 24th March, 2018

MEMORANDUM

The matter of ascertaining the market price maintained by the office of the Inspector General of Registration (IGR) has been reviewed.

It has now been decided that request for valuation/market price of land should be sent directly to the IGR or his subordinate offices. However, in case of special nature of projects, like township, industrial parks, entertainment parks, PPP projects, etc. involving larger chunk of land, the requisition should be sent directly to the IGR. The requisition for assessment of market price which is sent to IGR/ or subordinate offices of IGR should invariably be in the Proforma of the IGR (available in the website – wbregistration.gov.in)

The IGR has been directed that, on receipt of the requisition by his office either directly or at his sub-ordinate offices, the market price should be communicated to the respective Requisitioning Authority within 7 days of the receipt of the requisition.

However, the sub-ordinate offices of the IGR have been directed that, before communicating the valuation/market price of land to the Requisitioning Authority, the same may be approved/vetted by the IGR in order to avoid any error in the assessment of the market price.

Sd/- H.K. Dwivedi, IAS
Additional Chief Secretary to the
Government of West Bengal

No. 1899-F dated 24.03.2018, Source