MVR rate increase Bihar: Projects are also being assessed before finalizing the MVR. file photo
Ratan Kumar Jha, Jagran, Darbhanga. Bihar land price hike: Development also brings with it inflation. This seems to be true in the context of Darbhanga. The effect of the rapid development taking place here is now clearly visible on the prices of land and houses.
Buying land and houses in the district is now going to become more expensive. The process of increasing the Minimum Valuation Rate (MVR) by the Land Registration Department has reached the final stage. Once this is implemented, there will be a huge increase in the registration rate in both urban and rural areas.
increase in government revenue
Increasing MVR will bring more revenue to the government in the form of registration and stamp duty, while increasing additional economic burden on common buyers. At present, Darbhanga district receives annual revenue of about Rs 300 crore, which is expected to increase to Rs 1200 crore in the financial year 2026-27.
Currently MVR below market value
The Land Registration Department says the purpose of increasing the MVR is to bring valuations closer to actual market rates. At present, in many areas the MVR is much lower than the actual market value, leading to the possibility of black money being used in the registry. This will also be curbed after the implementation of the new MVR.
Registration possible at new rates in a month or two
According to sources, registration can start at the new rate within one to two months. After this, the registration fee of land and house may increase by three to four times in urban and rural areas. It is noteworthy that there has been no revision in MVR since 2013 in rural areas and 2016 in urban areas, while the market prices of land and houses have increased manifold.
Work of evaluation committee started
District Registration Officer Sweety Suman said that preparations have been started to increase the MVR. For this, the evaluation committee formed is assessing the land and residential areas around the ongoing development projects in the city and rural areas. A total of 63 mouzas have been included in the new MVR by the committee.
Assessment of projects also
In view of the four big development projects going on in the district, the surrounding areas have also been included in the new MVR. Among these, Logistics Park and Cargo Hub near Darbhanga Airport (proposed international airport), integration of Gangasagar, Harahi and Digdhi Pokhar, Darbhanga Railway Station to Amas-Darbhanga Expressway (Donar Chowk route), Karpoori Chowk to Ekmi via Laheriasarai Elevated Corridor, and Patna-Purnia Expressway are prominent.
Impact of construction of expressway
The areas whose land will be affected by the construction of Patna-Purnia Expressway include Maneetha, Larni, Jafarpur, Pakahi, Narayanpur, Jhanda, Shahpur, Paikacharai, Kusheshwarsthan, Piprahi of Eastern Zone, Raipur Rahipura, Sisauna, Kaunia, Anrahi, Mahadev Math, Budhiya Sokrati and Mahisoth Mauza. A significant increase in the registration rate in these areas is considered certain.
Four blocks will be most affected
Bahadurpur, Sadar, Hayaghat and Hanumannagar blocks of Darbhanga district will be most affected by the new MVR. The department has identified Sonki, Khojkipur, Adalpur, Mukhiya, Khajuri, Kharthua, Prophetpur Anarkothi, Mohammadpur, Sirnia, Gangapur, Pursottampur, Meknabeida, Basatwara, Madhopur, Kharua, Khairakunji, Poaria, Parri and Daraul Mauza of these blocks.
Possibility of increasing up to four times
At the same time, due to the plan for four-lane construction of Shobhan-Ekmi bypass, the land registry rate in Shankarpur, Kansi, Rampur, Chandi, Godhayari, Mustafapur, Phulwaria, Rampur Ballia, Dalore, Shobhan, Talpupri and Mohammadpur Mauza is expected to increase by four times.
The clear impact of change in rate up to four times will be visible on the price of land itself. The builder culture has not yet developed here. It is also expected to develop in the coming days. The consequences of this will be borne by those who belong to the lower middle class.