Odisha rolls out biennial framework to revise market value of properties

In a move aimed at boosting land revenue and bringing uniformity to property valuation, the state government has rolled out a comprehensive framework for the fixation of market value of immovable properties, with a special focus on urban areas, roadside plots, land abutting national and state highways, project areas, and commercial zones.

- POST NEWS NETWORK

The new Standard Operating Procedure (SOP), prepared by the Revenue and Disaster Management Department, mandates that the market value of immovable properties be revised once every two years. The revised values will come into effect from April 1 of the biennial year.