Individual plot owners or those whose plot
size is less than 5,000 sq ft, as well as housing societies, will now have to
pay only 1% of 25% of the plot’s ready reckoner rate (RR rate)
MUMBAI: A section of lease holders of state
governmentland can look forward to reduced annual lease rent. The state cabinet
on Tuesday decided to cut annual lease rent for individual plot owners, housing
societies, social, religious, and cultural organisations and also for
orphanages and dharamshalas.
Individual plot owners or those whose plot size is less than 5,000 sq ft, as well as housing societies, will now have to pay only 1% of 25% of the plot’s ready reckoner rate (RR rate). For social, religious and cultural organisations, orphanages and dharamshalas, the annual lease rent has been reduced to only 0.5% of 25% of the plot’s RR rate.
The reduction follows a spate of public interest litigations filed in the Bombay high court after the state government introduced a new lease renewal policy in 2012. It increased the annual lease rent to 2% of 25% of a plot’s RR rates. “This was considered very high, especially since people were paying in hundreds and thousands and under the new policy, it went up to lakhs. It definitely was a huge jump. The court in 2015 directed the government to hold talks with the affected parties and find a middle path,” a senior revenue official said.
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