Collector rates revised for second time in a year
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The cash-strapped Punjab government has increased the collector rates of land once again in August, the second time this year. The last time the rate was revised in February.
According to information gathered from official sources, at a meeting held in the last week of July, Deputy Chief Minister Sukhbit Singh Badal had instructed all the deputy commissioners to increase the collector rates of land, commonly known as the DC rates, in line with the increase in the market prices.
A communiqué was sent by the Revenue department to the deputy commissioners in the first week of August. Accordingly, the revenue officials right from sub-divisional magistrates (SDMs), tehsildars and the naib-tehsildars were directed by the DCs to make proposals with thumb-rule being an average increase of 20-25 per cent and also that collector rates should be around 60-65 per cent of the prevailing market prices.
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