Bhubaneswar: The State Cabinet led by Chief Minister Naveen Patnaik on Monday approved a proposal of the Revenue and Disaster Management Department to amend the Odisha Government Land Settlement Rules, 1983 to reduce the conversion fee for conversion of leasehold land of OSHB or a Development Authority to freehold land. The conversion fee of land for residential purposes has been reduced from the existing 10 % of the prevailing market value of the land to 3 % of the valuation of land fixed under the guidelines prescribed under the Odisha Stamp Rules, 1952 for a Gharabari kisam of land situated in the vicinity, according to an official release. The proposed amendment shall reduce the financia
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