City Hall will cap the new land rates at one percent of the current value of plots as opposed to using the 1980 valuation, raising property fees for some Nairobi landlords.
Nairobi Monday said new rates will be based on the current value of undeveloped land as City Hall dropped an earlier plan to peg charges on both the plot value and developments on the property. The valuation was also to take into account the number of floors in properties.
