Lahore: The Lahore Development Authority (LDA)’s governing body has approved a proposal seeking rationalisation of the property transfer fee, NOC issuance, and map approval, news sources reported on October 19.
The new fees will now be calculated at 1% per marla of the DC value instead of the previously fixed fee of PKR 7,000 per marla. The decision was taken during a meeting presided over by Chief Minister (CM) Pervaiz Elahi. Under the new plan, LDA will now collect updated and increased fees for issuing NOCs, map certifications, and fines on building rules and unlawful construction violations. Furthermore, the LDA Act 1975 (as amended by Act XXVI of 2013) has undergone the following revisions:
The transfer fee for gifted residential land will be PKR 10,000, while the commercial property will be subject to 1% of the DC rate.
Legal heirs will pay 0.25% of the DC rate as transfer charges.
A fee of 0.25% of the DC rate will be charged for the placement of registries.
Citizens will pay one thousand rupees per page to seek copies of their property records. • PKR 2,000 per marla will have to be paid on GPA publication.
If the building term is extended, a premium of 0.5% of the DC rate will be applicable
Citizens will pay PKR 10,000 per file for file checking of their property record in LDA
0.25% of the DC rate has to be paid as a property possession fee
It is worth noting that the LDA’s service fees have been revised after an eight-year break to reflect the significant increase in property rates. The revised prices will be applied uniformly, and the LDA has already issued a notification in this respect.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
