Mysore/Mysuru: Despite manifold increase in the rents of private buildings, land value and a steep rise in the land prices, especially in the city areas, hundreds of tenants who have taken several properties owned by the Mysuru City Corporation (MCC) are still paying a paltry rent of Rs. 30 to Rs. 40 a month.
The MCC owns 1,941 properties at 15 places and at the yesterday’s Council meeting, a decision was taken to revise the rents per square foot, based on the guidance value prescribed by the jurisdictional Sub-Registrar.
