The new rates of land value, fees and tax will be effective from September 1.
Law Minister Shafique Ahmed declared the govern-ment decision at a press briefing at his office Monday.
As per the re-fixed rates, in Dhaka and Chittagong cities land price has been increased four times and in Rajshahi, Khulna, Sylhet and Barisal cities three times.
Land prices in the pourashavas (municipalities) at district headquarters have been raised 2.5 times.
Besides, buyers will have to pay three times higher for buying lands in municipalities having business importance, namely, Bogra, Narayanganj, Gazipur, Tongi and Savar.
Stamp and registration fees, local-government tax, and the tax on income at source have been lowered to 8.0 per cent of the land price from the present rate of 14.50 per cent in Dhaka, Chittagong, Rajshahi, Khulna, Sylhet and Barisal cities and municipalities of district headquarters.
Land price has not been raised in upazilas, but stamp, registration fee, local-government tax have been re-fixed at 6.0 per cent of the land price against the present 9.5 per cent.
State Minister for Law Qamrul Islam and additional secretary of the ministry Shahidul Haq were also present at the press briefing.