{"id":89713,"date":"2022-11-01T10:00:00","date_gmt":"2022-11-01T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=89713"},"modified":"2022-10-31T17:29:45","modified_gmt":"2022-10-31T12:29:45","slug":"lda-hike-property-transfer-rate","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lda-hike-property-transfer-rate.html","title":{"rendered":"LDA notifies hike in property transfer rate"},"content":{"rendered":"\n<p>Lahore: The Lahore Development Authority (LDA) has formally notified hikes in a property transfer fee, no-objection certification (NOC) issuance, and map approval, news sources reported on October 29.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/balloting-lda-citys-jinnah-sector.html\" data-type=\"post\" data-id=\"89676\" target=\"_blank\" rel=\"noreferrer noopener\">Balloting held for LDA City\u2019s Jinnah Sector<\/a><\/p>\n\n\n\n<p>The new fees will now be calculated at 1% per marla of the DC value instead of the previously fixed fee of PKR 7,000 per marla. Under the new plan, LDA will collect updated and increased fees for issuing NOCs, map certifications, and fines on building rules and unlawful construction violations. Furthermore, the LDA Act 1975 (as amended by Act XXVI of 2013) has undergone the following revisions:<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lda-property-management-regulations.html\" data-type=\"post\" data-id=\"85090\" target=\"_blank\" rel=\"noreferrer noopener\">LDA updates property management regulations, seeks board\u2019s approval<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The land transfer fee in the new LDA City Housing project has been increased to PKR 10,000 per marla from PKR 7,000 per marla + PKR 5 per sq ft on the completed property<\/li><li>The legal heir&#8217;s transfer cost, which was previously free, has been set at 25% of the appropriate transfer fees in all schemes<\/li><li>The placement of document cost is now set at 0.25% of the DC value of the property, up from PKR 500 per marla previously<\/li><\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cm-orders-sheikhupuras-lda-jurisdiction.html\" data-type=\"post\" data-id=\"88840\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab CM orders Sheikhupura\u2019s inclusion in LDA jurisdiction<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The copying charge is now PKR 1,000 per page<\/li><li>The mortgage cost, which was formerly PKR 500 per marla + PKR 5 per sq ft on built space, would now be 0.25 % of the DC value of the property<\/li><li>No objection certificate (NOC) would now be 0.25% of the DC value of the property per annum&nbsp;<\/li><li>The price of general power attorney publication has been hiked from PKR 1,000 per marla to PKR 2,000 per marla<\/li><li>Possession and file checking costs have been increased to 0.25% of the DC value of the property and PKR 10,000, respectively<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Development Authority (LDA) has formally notified hikes in a property transfer fee, no-objection certification (NOC) issuance, and map approval, news sources reported on October 29.&nbsp; Read: Balloting held for LDA City\u2019s Jinnah Sector The new fees will now be calculated at 1% per marla of the DC value instead of the previously fixed fee of PKR 7,000 per marla. Under the new plan, LDA will collect updated and increased fees for issuing NOCs, map certifications, and fines on building rules and unlawful construction violations. Furthermore, the LDA Act 1975 (as amended by Act XXVI of 2013) has undergone the following revisions: Read: LDA updates property management regulations, seeks board\u2019s approval The land transfer fee in the new LDA City Housing project has been increased to PKR 10,000 per marla from PKR 7,000 per marla + PKR 5 per sq ft on the completed property The legal heir&#8217;s transfer cost, which was previously free, has been set at 25% of the appropriate transfer fees in all schemes The placement of document cost is now set at 0.25% of the DC value of the property, up from PKR 500 per marla previously Read: Punjab CM orders Sheikhupura\u2019s inclusion in&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75363,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[54729,1561,54728],"persona":[],"class_list":{"0":"post-89713","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-lda-fees-ad-regulation","9":"tag-lda-news-and-updates","10":"tag-lda-notifies-hike-in-property-transfer-rate","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LDA notifies hike in property transfer rate - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Lahore Development Authority (LDA) has formally notified hikes in a property transfer fee, no-objection certification (NOC) issuance, and map\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/lda-hike-property-transfer-rate.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LDA notifies hike in property transfer rate - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Lahore Development Authority (LDA) has formally notified hikes in a property transfer fee, no-objection certification (NOC) issuance, and map\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/lda-hike-property-transfer-rate.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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