The government has increased the minimum official valuation of land in most areas of Kathmandu Valley for the fiscal year 2083/84.
New Land Rates in Kathmandu Valley
The Land Revenue Offices in Kathmandu has set new official prices for land. Because of this new valuation, people will now have to pay more registration fees and taxes when buying or selling land in valley. Offices in Dillibazar, Chabahil, Kalanki, Tokha, and Manamaiju has already started using these new prices. Bhaktapur office decided to keep old prices from last year, and Lalitpur offices have not published their new rates yet.
This year, Chabahil area saw the biggest rise in prices. For land connected to the main road of Ring Road from Gaushala to Dhobikhola, the government rate increased to Rs 62 lakh 70 thousand per aana from Rs 57 lakh. Similarly, main road areas in Mitrapark, Kalopul, Gaushala, Ratopul, Chabahil, and Jorpati went up from Rs 50 lakh 60 thousand to Rs 55 lakh 66 thousand. The official price for land near Boudha Stupa is now set at Rs 48 lakh 95 thousand.
Commercial Areas and Kalanki Rates
In the main business areas under Dillibazar office, such as New Road, Durbar Marg, Kantipath, Jamal, Indrachowk, Ratnapark, Sundhara, West Gate of Singha Durbar, Maitighar, Putalisadak, and Hattisar, the land price is raised to Rs 76 lakh 20 thousand per aana from Rs 72 lakh 60 thousand. Also, land near Putalisadak, Bagbazar, Ratnapark, and Sabhagriha areas are now valued at Rs 56 lakh.
For Kalanki area, land connected to Ring Road between Balkhu and Banasthali increased from Rs 47 lakh to Rs 49 lakh 35 thousand. The main road areas near Kalimati, Balkhu, Soaltimode, and Kalanki Chowk are now valued at Rs 43 lakh.
Tokha and Manamaiju Valuations
In Tokha, the land connected to pitched road going towards Narayansthan is now priced at Rs 70 thousand per square meter. This is about Rs 22 lakh 25 thousand per aana, which was Rs 21 lakh 17 thousand last year. Lastly, the government land price near different roads in Manamaiju area also went up from Rs 20 lakh to Rs 22 lakh per aana.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
