Bhubaneswar: The Odisha government has reduced the conversion fee for land leased out by GA & PG Department to individuals for residential purposes, from 10% to 3% of bench mark value (BMV).
The department, through an official notification, on Friday informed about approval to the rationalisation of assessment of conversion fee. It applies to land originally leased by the Odisha State Housing Board or development authorities, such as the Bhubaneswar Development Authority (BDA), and is tailored for residential purposes.
The decision taken are as follows:
>> Conversion fee shall be assessed at 3% of BMV where the building has been constructed as per the approved building plan without any plan deviation.
>> Where deviation has been made within the permissible limit and regularized by the competent authority, the conversion fee shall be considered at 3% of BMV.
>> In case the deviation is beyond the permissible limit, conversion shall not be allowed. Conversion for such cases shall be entertained only after regularisation by the competent authority.
>> The applicant at the time of filing the application for freehold is required to file a certificate issued by the competent authority (BMC/BDA) regarding building construction without any plan deviation/deviation within the permissible limit/compounding of plan deviation.
“This order has been issued as per the approval of the cabinet and the decision taken in the meeting dated 03.06.2025 held under the chairmanship of the Chief Secretary,” it added.
