Prayagraj to Implement Fixed Fees for Property Name Transfers
PRAYAGRAJ: In a notable decision made during the Prayagraj Municipal Corporation (PMC) meeting on Thursday, a new sub-rule for property name transfer was approved, aimed at benefiting numerous citizens in the city. This new state government sub-rule aims to simplify the process of property name transfer, modification, and alteration within municipal limits, making it considerably more affordable. Currently, property owners in Prayagraj face name transfer fees ranging from 0.5% to 1% of their property’s value. This can impose a heavy financial burden, particularly on middle-class families. However, with the new sub-rule, fixed fees based on property value slabs will replace…