Odisha SOP for fixation of market value of immovable property in urban areas - News Summed Up

Odisha SOP for fixation of market value of immovable property in urban areas


BHUBANESWAR: In a move to boost land revenue and bring uniformity to valuation system, the state has rolled out a comprehensive framework for fixation of market value of immovable property with particular focus on urban areas and roadside plots as well as land adjacent to national and state highways, project areas and commercial plots. As per the new framework prepared by the Revenue and Disaster Management department, the market value of immovable properties must be revised once every two years and implemented with effect from April 1 of the biennial year. The revised market value standard operating procedure will form the basis for stamp duty and registration fee collection, a key source of revenue for the state. Land registering officers and tehsildars have been directed to furnish sale statistics and land-related data to the valuation committee in prescribed formats for both urban areas and rural areas. “Tehsildars have been tasked with guiding revenue inspectors to ensure accurate and exhaustive field data collection.


Source: Indian Express December 21, 2025 16:54 UTC



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