Government of Jammu and Kashmir issued an amendment in the Jammu and Kashmir Preparation and Revision of Market Value Guidelines Rules, 2011

Nov 24, 2022 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Government of Jammu and Kashmir on November 21, 2022, issued an amendment in the Jammu and Kashmir Preparation and Revision of Market Value Guidelines Rules, 2011

The following has been amended-

•In rule 4, in clause (b) of sub-rule (2) for the words, signs, and figures "Forms I, II, and III", the words, signs, and figures "Forms I, II, III, and IV" shall be substituted.

•In rule 7, for the words, signs, and figures "urban plots, urban built-up properties, and agricultural land shall be In Form 1, Form II and Form III" the words, signs, and figures "urban plots, urban built up: properties, agricultural land, and Industrial land shall be in Form 1, Form II, Form III and Form IV" shall be substituted.

•In Form I, after column 5, column 6, the entry "Industrial land" and the explanation at the bottom shall be omitted.

•After Form III, new Form IV Market Value Guidelines of Industrial Land shall be added.

[Notification No. S.O. 616]


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