‘Bit of land’ near your house to cost less now: MUDA revises prices of ‘bit of land’
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‘Bit of land’ near your house to cost less now: MUDA revises prices of ‘bit of land’

May 25, 2017

Mysuru:In the backdrop of house and site owners refraining to buy the ‘bit of land’ adjoining residential sites and corner sites, terming the selling price as exorbitant, the Mysuru Urban Development Authority (MUDA) has revised the prices of such ‘bit of land.’

The ‘bit of land’ adjoining residential sites will now be allotted to site and house owners at one-and-a-half times the price stipulated by the Sub-Registrar’s Office, said MUDA Commissioner Dr. M. Mahesh. This reduction will benefit thousands of site owners who come from lower and middle class families who have so far backtracked from buying the land, though it was adjacent to their properties, as it was expensive.

Following poor response for ‘bit of land’ purchase, the MUDA, after deciding to revise the prices, had formed a Sub-Committee to stipulate a revised rate. The Sub-Committee, which met on Feb.18, 2017, stipulated the revised price, which was approved by MUDA at its general meeting on Feb. 27, 2017.

Accordingly, the price of ‘bit of land’ at the front/ back/ in-between intermediary sites will be based on the guidance value for that particular locality  stipulated by the Sub-Registrar’s Office while the price of ‘bit of land’ adjoining corner sites will be 50 percent above the guidance value stipulated by the Sub-Registrar’s Office for that particular locality.

The price of bit of land adjoining Economically Weaker Sections (EWS)/ Low Income Group (LIG) houses will be 25 percent above the guidance value stipulated by the Sub-Registrar’s Office for that particular locality.

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The price of bit of land adjoining industrial sites will be the same as the guidance value stipulated by the Sub-Registrar’s Office, the price of CA (civic amenities) sites will be the same as that of the current price and the price of bit of land along the roads that are over 60 ft. wide will be double the current price stipulated by the Sub-Registrar’s office.

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