When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The Kanpur Municipal Corporation has replaced its earlier 1 percent value-based mutation charge with a fixed fee structure effective from March 1. Property owners will now pay INR 6,500 for mutation, while high-value properties above INR 50 lakh will attract a maximum fee of INR 10,000. The earlier system often led to high charges, especially for mid-range properties. The decision was cleared after a 63-day public review process during which only two objections were received and resolved before implementation.
The Kanpur Municipal Corporation (KMC) has introduced a flat mutation fee for property transfers from March 1, replacing the earlier system under which property owners paid 1 percent of the property's value based on the circle rate determined by the District Magistrate.
Under the revised structure, property owners will now pay a uniform fee of INR 6,500 for mutation of residential and other properties. For properties valued above INR 50 lakh, the fee has been capped at INR 10,000. Earlier, a property worth INR 50 lakh would attract a mutation charge of around INR 50,000 under the 1 percent rule, which many residents considered high.
Mutation is the process through which ownership details are updated in municipal land and property tax records after a sale, inheritance, gift deed or other legal transfer. Though it does not confer title ownership, it is essential for payment of property tax and for maintaining updated civic records.
The proposal to revise the mutation charges was moved by Member of Legislative Council Arun Pathak. The civic body placed the proposal in the public domain for 63 days to invite objections and suggestions. Officials said that only two objections were received during this period and both were addressed before the proposal was approved.
The move follows similar reforms in other cities of Uttar Pradesh where civic bodies have shifted from percentage-based mutation charges to capped or flat rates in order to reduce the financial burden on property owners and simplify the process.
Earlier, the 1 percent charge was calculated on the higher of the registered value or the prevailing circle rate, which often increased the payable amount in areas where circle rates were high. This led to higher transaction-related costs even after payment of stamp duty and registration charges at the time of sale.
Municipal officials indicated that the revised structure is aimed at bringing uniformity and making the system more predictable for citizens. The implementation has already come into effect from March 1, and all new mutation applications are being processed under the updated fee schedule.
Apart from the mutation fee decision, the municipal corporation also reviewed ongoing development works and administrative matters during the meeting in which the proposal was cleared.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023