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The district administration has drafted new circle rates and is seeking public feedback until April 5. The new rates will be implemented afterward, with the last increase having occurred in 2015
Registration costs are expected to rise by 5 to 12.5%, with location charges contributing to this increase. (Local18)
Flat buyers in Gautam Buddha Nagar district of Uttar Pradesh are set to face higher costs. The registration of flats in Noida and Greater Noida is expected to become more expensive, with proposals to increase registration fees by 20% in Noida and 30% in Greater Noida and Dadri. Additionally, the registration of other types of property could see a rise of 10 to 25%.
The district administration has prepared a draft of the new circle rates and is seeking objections and suggestions from the public until April 5. The new rates will be implemented after this period. The last increase in circle rates occurred in 2015.
Registration costs are expected to rise by 5 to 12.5%, with location charges contributing to this increase. For major and high-rise societies in Noida, a 20% hike in circle rates has been proposed. Societies within 500 meters of the metro line will face an additional circle rate of 5 to 12.5%. This will also affect buyers in sectors such as 121 and 119, and the 7X area.
In Greater Noida West, all high-rise societies within 500 meters from Gaur Mall and Gol Chakkar to Knowledge Park will experience a 30% increase in registration costs. Similarly, societies within 500 square meters of the metro line will incur an additional 5 to 12.5% charge.
In the Noida Authority area, the circle rate for plots allotted to farmers in populated areas is proposed to rise to 40,000 per square meter. In Greater Noida, the rate will increase from 13,500 to 25,000 per square meter. The Yamuna Development Authority area will see rates rise from 7,500 to 18,000 per square meter.
- Location :
Greater Noida, India, India