Lucknow Municipal Corporation (LMC) is planning to introduce a new mutation charge structure, suggesting a maximum fee of Rs 15,000. This proposal will be reviewed in an executive committee meeting on Tuesday, but it may face pushbacks.
Currently, mutation fees are 1% of a property’s value. For instance, a property worth Rs 1 crore pays a fee of Rs 1 lakh. The new tiered system aims to reduce this burden for property owners.
Right now, the maximum mutation fee for the Lucknow Development Authority and Housing Development departments is Rs 10,000, which the state govt also intended for the municipal corporation.Last year, the state govt directed a reduction in mutation fees, leading to this new proposal. Mayor Sushma Kharakwal highlighted the need for a clear framework for these charges.
The new fee structure would be based on property value, with specific rates for different ranges. However, many are worried about the higher proposed fees compared to the LDA and Housing Development rates. Since 2014, the municipal corporation has used a slab-based fee system, and councillors are expected to voice their concerns over the increased charges.
