Patna: The registration authorities in Bihar have begun the groundwork for revising the Market Value Rate (MVR) of land across the state. The updated rates are scheduled to come into effect from April 1, 2026, marking the first major increase since 2016. Officials say urban centers, newly developed municipal bodies, peripheral growth zones, and industrial areas are likely to see higher valuation due to rapid development.
The Assistant Inspector General of Registration, Tirhut Division, has instructed all districts to start land classification and data collection to determine the new MVR. The directive was issued on November 19, following a departmental review held on November 4. Sub-Registrars across Bihar have already initiated preparations, and reports are being compiled and forwarded to the state headquarters.
Data Collection and Field Survey in Progress
According to officials, four types of crucial data are being gathered to ensure the revised valuation reflects current market conditions. Separate assessments are being made for mouzas where a significant gap exists between the existing MVR and the prevailing market rate.
Key actions underway include:
• Preparing MVR based on actual current market prices
• Completion of groundwork by Sub-Registrars in all districts
• Special reports from locations with major pricing disparities
• Separate categorization for land in industrial zones
Urbanization Driving Value Upward
As part of the smart city initiative, cities like Patna and other expanding urban areas are witnessing rapid infrastructure growth. Several regions have been upgraded to Nagar Panchayats and Municipal Councils, boosting real estate demand in the adjoining 8-km peripheral belts. Officials indicate that this vertical and horizontal expansion will influence the new valuation structure.
First Major Revision in a Decade
The last significant MVR revision followed a 2014 notification and was implemented in 2016. After ten years, the government is again updating the rates through an extensive survey and classification exercise.
The revised MVR is expected to enhance state revenue and bring transparency to land transactions. Officials also believe that dedicated industrial categories will help attract investment and reflect the true economic potential of industrial corridors.
The final proposal will be submitted after completion of ground surveys and data review, paving the way for the enforcement of new land value rates from April 1 next year.
