The government has slashed the fees on flat and land registration to 1 per cent from 2 per cent of the transfer value to reduce the overall registration cost of land and flats in the country.
Law Ministry issued a notification in this regard on Thursday commending the previous one.
Earlier, in the budget for the current fiscal year 2019-2020, value-added tax wing of the NBR reduced the VAT payable by the land development authority to 2 per cent from 3 per cent as part of the decision.
