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Revised Structure Rates for A.P.

The document summarizes the proceedings of a meeting to revise the construction rates used to assess the market value of properties for tax purposes in Andhra Pradesh. It was decided to implement new revised rates for apartments, structures and buildings as detailed in an attached annexure, effective August 1, 2015. The rates are separated into three categories based on whether the property is located in an urban, major rural, or minor rural area. Registering officers and inspectors will use these new rates outlined in the annexure when assessing the construction costs and market values of properties.

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100% found this document useful (1 vote)
3K views3 pages

Revised Structure Rates for A.P.

The document summarizes the proceedings of a meeting to revise the construction rates used to assess the market value of properties for tax purposes in Andhra Pradesh. It was decided to implement new revised rates for apartments, structures and buildings as detailed in an attached annexure, effective August 1, 2015. The rates are separated into three categories based on whether the property is located in an urban, major rural, or minor rural area. Registering officers and inspectors will use these new rates outlined in the annexure when assessing the construction costs and market values of properties.

Uploaded by

Raghu Ram
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PROCEEDINGS OF THE DIRECTOR & INSPECTOR GENERAL OF

REGISTRATION & STAMPS, A.P, HYDERABAD


PRESENT: [Link] Rami Reddy, I.A.S.,
[Link].MV6/10974/2009 Dated: 07-07-2015

Sub: Market Value Scheme Revision of structures rates for various


types of buildings for assessing Market Value Communicated for
implementation w.e.f. 01.08.2015 Regarding.
Ref:

[Link].301 Rev(Regn.I) Dt.4.5.1998.


2. Minutes of the meeting held on 06.07.2015 of the Committee
constituted under rule 4(2)d of the A.P. Revision of Market Value
Guidelines Rules, 1998.
3. Govt., Memo No. 24080/Regn.,1/A2/2013/Revenue (Regn.,1)
Department,Dt.06.07.2015.
&&&&

ORDER :
After careful examination of the recommendations of the committee vide
reference 2nd cited, it is decided to implement the revised construction rates of the
Apartments, structures and buildings as detailed in the Annexure, w.e.f. 01.08.2015
under the A.P. Revision of Market Value Guidelines Rules 1998 as per the orders of
the Government vide reference 3rd cited.
The Registering Officers and Authorised Officers for post facto spot inspection
of properties shall also follow the rates shown in the Annexure for assessing
construction cost of structures and buildings.
The receipt of the order should be acknowledged forthwith.
Encl:- As above.
Sd/-[Link] Rami Reddy,
Director & Inspector General
of Regn. and Stamps, A.P., Hyderabad
To
All the Sub-Registrars through the District Registrars concerned.
All the District Registrars, with a specific request to cause vide publicity in local
media.
All the District Registrars (MV &Audit), Sub Registrars (MV & Audit),
All the Deputy Inspectors General (R&S),
All the Sections & Officers in C & [Link] Office
Copy to CARD Section with a request to make necessary modification.
in the CARD software on M.V .Assistance etc.,
Stock File/spare 10.
//f.b.o.//
Superintendent

ANNEXURE
Sl.
No
.

4
5

Type of Structure

1.R.C.C Building
a)Ground 1st &2nd
b)Structure from 3rd
floor onwards
c)Cellar,Mezzanine
floor & Parking Place
d)Apartments without
common walls at least
on3 sides
High
rise
structure
with
A.C.C/Tin/Zinc
sheet such as
a) Cinema Halls, Mills,
Factories,
ect.,with
walls exceeding
10
feet height
b) Poultry Farms
ACC
sheet,Pantile
shabad Stones, Zinc
sheets,
Tiles,
Mangalore
Tiles,
Cuddapah slab, Jack
Arch, Madras terrace
roof and such other
non
RCC
roofs
Structures
Mud
roof
(Chaviti
Middelu)
Thatched houses (Roof
with
Palm/Coconut
tree leaves/Grass)
a)With walls
b)Without walls

Rate per [Link] for


the *Areas falling
within
the
Jurisdiction
of
Municipal
Corporation
/Municipalities
Nagar Panchayat,
Urban
Development
Authorities
and
Notified
areas
including
the
Gram Panchayats
falling within their
master plan areas
Urban
agglomeration
areas and CRDA.

Rate per [Link].


* for the areas
falling
within
Major
Gram
Panchayat
(other
than
the
Gram
Panchayat
falling
within
the
areas
covered by the
master plan of
any
Municipality,
Notified Nagar
Panchayat
falling in the
Urban
agglomeration
of nay Urban
Development
Authority.

Rate
per
[Link].*
For the areas
falling within
Minor
Gram
Panchayat
(other
than
the
Gram
Panchayat
falling within
the
areas
covered
by
the
master
Plan of any
Municipal
Corporation of
Municipality
,Notified
Nagar
Panchayat
falling in the
Urban
agglomeration
of any Urban
Development
Authority)

810
870

720
810

510
560

580

520

370

870

810

510

610

550

440

440
440

430
350

300
250

260

200

140

--

---

---

100
60

70
30

50
20
Condt2

//2//

* ALL THE ABOVE RATES ARE INCLUSIVE OF COST OF


AMENITIES AND EXCLUSIVE OF SITE VALUE.

6. Rates for unfinished Structures :i)

Upto Foundation Level

25%

ii) Upto Slab level

65%

iii)Upto Finishing level

85%

Rates of depreciation are to be allowed as mentioned below.


( for all structures)

Age of the Structure


1)

1 to 10 Years

2)

Above 10 Years

% of depreciation
Nil
1% per each year over and
above 10 years subject to a
maximum of 70%

Note: For availing the depreciation certificate regarding the age proof should
be obtained from the competent authorities viz., Panchayat Offices, Nagar
Panchayats, Municipalities , Municipal Corporations etc. and filed in the separate file
in serial order, and particulars of certificate in respect of age proof should also be
incorporated in the document.
Sd/-[Link] Rami Reddy,
Director & Inspector General
of Regn. and Stamps, A.P., Hyderabad.

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