Odisha government announces property conversion fee guidelines
BHUBANESWAR: The general administration and public grievance (GA & PG) department on Friday announced new guidelines for assessing conversion fees on residential properties leased out by the department. The move aims to rationalise the fee structure and ensure compliance with building regulations. As per the order, property owners who constructed buildings in accordance with approved plans will be charged a conversion fee of 3% of the benchmark market value (BMV). The same rate will apply to properties with regularised deviations within permissible limits. However, the department has taken a firm stance on unauthorised constructions. “In case the deviation is beyond…