The government halved registration fees of land and flats, with effect from tomorrow (July 5).
Now, buyers have to pay only 1% of the document price of their lands or flats as registration fees. It was 2% earlier.
The Ministry of Law, Justice and Parliamentary Affairs recently issued a circular in this regard.
However, the minimum registration fee, the circular said, would be Tk100 in case of land price below Tk10,000.
Besides, stamp duty fees also decreased to 1.5% from existing 3%, the circular mentioned.