Good News: DLC rates slashed to 5%, flats & plots to get cheaper

Chief Minister Ashok Gehlot has announced to reduce the District Level Committee (DLC) rate to 5% from 10% in the budget. With this, plots and flats will become cheaper in Rajasthan. He also announced exemption of two percent stop duty in the purchase of flats up to Rs 50 lakhs in multi-storey buildings.

Allotment of plots in new industrial areas will be done through online lottery. MSME limit has been reduced from Rs 50 lakh to Rs 25 lakh. In a relief to traders, concession will be given on depositing market fee. The time to avail the amnesty scheme has been extended till September 30.

Gehlot has provided huge relief on startups involving Rs 50 lakh by completely waiving off the stamp duty. For land of agro-based industries, the rates of DLC will be equal to agricultural land. The amount given by the farmers for copying of land records and boundary knowledge has been made free of cost. One-time tax on purchase of two-wheelers was exempted from 50% and now it will be 4%.

Gehlot’s decision of slashing the DLC rates has brought relief to the middle class. Lowering the DLC rate for small plots will make it cheaper.