The government has decided to conduct real estate transactions with a value of more than Rs 30 million only through licensed companies from Tuesday. The Department of Land Management and Records issued a circular on Monday to implement the previously suspended arrangement. The department has issued a circular to the Land Reforms and Land Revenue Offices of Dillibazaar, Lalitpur, Biratnagar, Inaruwa, Birgunj, Kalaiya, Janakpurdham, Nepalgunj, Ghorahi and Dhangadhi and the Land Revenue Offices of Kalki, Chabahil, Dharan, Simara, Hetauda, ​​Bharatpur, Chanauli, Pokhara Lekhnath, Tulsipur and Butwal. The department had issued a notice on February 11 and made mandatory transactions only through companies from February 25. However, the department issued a notice on February 19 and suspended the arrangement until the licensed companies obtain permission to operate the land service center. There is a legal provision to operate a land service center and conduct real estate transactions through the geo-information system. The circular issued earlier has been suspended until the licensed companies obtain permission to operate the land service center.

According to the department, so far, Gharbari Sewa, SK Home Real Estate Company, Nepal Land Broker and Himalayan Realtors have obtained licenses to operate land service centers. The department has implemented this provision as soon as the companies that have already obtained a license to operate real estate transactions obtain permission to operate the land service center.

According to the department, a mandatory license has been issued for real estate transactions exceeding Rs 30 million. The government has made a mandatory license arrangement for real estate transactions with a bag number of more than Rs 30 million within metropolitan cities and sub-metropolitan cities across the country.

So far, 159 companies are eligible to get licenses, but only 69 companies have been issued licenses because the revenue has not been paid, said Khimananda Acharya, Director of the Land Revenue and Land Reforms Branch of the Land Management Records Department.

Once the license is decided, the firm or company that transacts up to Rs 50 million at a time has to pay a fee of Rs 500,000 and those that transact any amount less than or more than Rs 50 million at a time have to pay a fee of Rs 1 million.

‘Although 90 companies are eligible to get licenses, they have not paid the revenue,’ Acharya said. He said that documents for some of the 38 are coming and verification of some is yet to be done. Companies that have already received licenses will be able to do business within 6 metropolitan cities and 11 sub-metropolitan cities.

Acharya says that each company that has received a new license is not obliged to obtain permission from the Land Service Center. There is a legal provision to pay a fee of 5,000 and a deposit of 200,000 rupees to obtain a land service center license. 'Those who have taken the new license have also opened their scope of work. Others can also do business through it, but not everyone has to take it,' he said.

The land service center performs tasks such as filling out applications and forms online, scanning and attaching necessary documents for applications and documents submitted to the office, registering applications and forms in the land structure system and printing such applications and forms and providing them to the concerned persons, and providing necessary information related to land administration to the service recipients. The term "person" also refers to legal practitioners or accounting practitioners, as mentioned in Chapter 6 'A' of the Land Revenue Regulations.

The government had issued a notification in the Gazette on 27 Asoj that companies trading in real estate worth more than 30 million rupees at a time would have to obtain permission. Real estate companies were supposed to apply for a license by 27 Mangsir. The Land Management Records Department had issued a notice on 13 Kartik asking them to submit applications within 30 days. Immediately after the

, an additional 15 days were added on 13 Mangsir. It was said that 198 companies had applied during that period, but now only 197 have been reported. The government has published a notice in the Gazette for the purposes of Section 26 (a) and (b) of the Land Revenue Act. Section 26 (a) of the Land Revenue Act states that a license is required to conduct real estate transactions. The section states that a license is required to be obtained for real estate transactions exceeding the area or amount specified in the notice published in the Gazette by the government. The section states that a license is required to be obtained for real estate transactions in the area specified by the government in the same notice. The section states that a license is required to be obtained for real estate transactions exceeding the area or amount specified in the same notice. Sub-section 1 of Section 26, ‘B’ states that a person wishing to obtain a license to conduct real estate transactions must submit an application to the authority designated by the Government of Nepal by publishing a notice in the Nepal Gazette along with the specified details, documents and fees.