Rawalpindi: Rawalpindi Development Authority is looking to increase property transfer fees, states a news report. This change aims to bring transfer rate in Rawalpindi on a par with those applied by real estate development authorities in other cities of Punjab.
According to news sources, the proposition has already been discussed in the RDA Directorate of Land Department and Estate Management meeting. The RDA governing body will, however, take the final decision.
The per marla rate of transfer fee for residential and commercial properties in Rawalpindi, as charged by RDA, is PKR 1,500 and PKR 4,000 respectively. In the event that RDA increases the transfer fee, the rate will be doubled.
