Revised circle rates

Q: What is about the revised circles rates ? are they good for investors or builders

Yogesh Kumar, Noida

29th July 2013

Real estate News in Delhi

delhi ncr

circle rates

delhi

realty news

Follow Discussion

Also see discussions for

Delhi Real estate News Real estate News in Delhi

Replies (19)

As per sources, Aam Aadmi Party govt has settled the new rates between Rs 1-3.5 crore/acre from the prior Rs 53 lakh/acre of land. Charging that this price escalation was taken without the LG's permission, the PIL had looked for suppress of the August 4 warning, which had as of now pursued into inconvenience LG Najeeb Jung ordered the Arvind Kejriwal govt to keep up business as usual till the issue was analyzed legally.

Arpit, Delhi-NCR

18th August 2015

Comment

Hi Guys,
As per the latest news, the Delhi High Court dismisses a PIL against an AAP govt notice upgrading the circle rates of rural area(agricultural land) in the capital by 3 times. Kindly discuss.

Raj Roy, Delhi

18th August 2015

Comment

Hi Raj,
As per the news, bench of Chief Justice G Rohini and Justice Jayant Nath declared that, no case is made out as the notice was issued for the sake of the lieutenant governor. The court passed the request after the applicant, who had looked for subduing of the August 4 notice, neglected to answer the seat's question regarding who has the authority to authorize the same.

Jeet Bhaskar, Delhi

18th August 2015

Yes Jeet, that is right. But on the other hand, the bench was told by the Delhi govt that according to the Transaction of Business Rules, the notice must be issued for the sake of the LG and the same has been consented to.

Raj Roy, Delhi

18th August 2015

Hi Guys,
According to sources, as the notice was issued for the sake of LG, no case is made out. The writ appeal is rejected. The appeal filed by a property dealer, Mr Gopal Gupta, had asserted that the notice issued by the Delhi government was invalid as it has been issued with no authority.

Richa, Delhi

18th August 2015

On what basis they are increasing the circle rates of residential flats?

Raj Roy, Delhi

1st August 2014

Comment

The circle rate is usually calculated based on six services, including club, gym, security, power backup, swimming pool, provided by the developers. Earlier, circle rates were charged 25% in those societies where developers were providing only two services out of six. But this year, the local body has decided to charge 5% on each service. The overall circle rate will not be more than 25%.

Dhananjay, Noida

1st August 2014

Today the circle rate in Noida and Greater Noida is suppose to increase with the district administration approving a 10% hike in the residential category for registration of plots. Commercial properties will see a 2% hike, with the exception of sectors 18 and 38A, where a 17% hike has been approved. For institutional properties, the circle rates will increased by 10%.

Dhananjay, Noida

1st August 2014

Comment

There are five categories of residential sectors in Noida. Last year, the figure was between Rs 32,000 and Rs 78,000.but this time the circle rates in the sectors will range from Rs 35,000 to Rs 86,000.

Kashif Ahmed, Delhi-NCR

1st August 2014

According to the last circle rate revision in 2012, the current rates are:
Rs 6.45 lakh per sq metre in category colonies.
Rs 2.05 lakh per square metre in B category.
The circle rates for C category colonies is
Rs 1,33,200 per sq metre,
Rs 1,06,400 (D category),
Rs 58,400 (E category),
Rs 47,200 (F category),
Rs 38,500 (G category) and
Rs 19,400 for H category.

Richa Shukla,

19th May 2014

Comment

Hi, no one is spared my friend. The circle rates have been increased in both rural and urban areas. The new circle rates in rural areas like Bahlolpur, Haibatpur, Chotpur, Chhalera Bangur, Hajipur and Naya Bans are in the range of Rs 7,000-15,000 per sq metre. Also, the residential sectors will see the maximum increase because of huge transactions being done in sectors like Noida Extensions, Raj Nagar Extension, Crossings Republik, Noida-Greater Noida Expressway and Indirapuram’s Shipra Sun City. That’s not all, the developed sectors ..

Sharath bharadwaj, Ghaziabad

2nd August 2013

Comment

Noida-Greater Noida, Yamuna Expressway and Ghaziabad has seen an increase of circle rates by up to 40% on all the residential, commercial and industrial sectors of Noida, Greater Noida, Ghaziabad and UPSIDC. Circle rates of residential, commercial, industrial, group housing, builders’ plots in Noida Extension, Yamuna Expressway and UPSIDC properties have been hiked by 10-30%. Currently, the going rate in the residential sector of NRI City in Greater Noida’s Pari Chowk is Rs 23,000 per sq metre, while in the commercial land of sectors like Alpha, Beta, Gamma, Swarn Nagari, NRI City and Golf Link 1, the rate is Rs 83,000 per sq metre.

Kashif Ahmed, Delhi-NCR

2nd August 2013

Comment

Have the rates increased only in urban areas or are the rural areas also going to be bearing the brunt?

Yash Panth, Ghaziabad

2nd August 2013

Hi I would like to brief the recent status thats is new rates are somewhere between 7 & 25% for residential, 12 & 25% for industrial property, and 18 & 32% for commercial property and this came to effect from the 1st of August in Noida, G-Noida and Ghaziabad. The new circle rates in G-Noida west or as it is called, Noida extension which is also touted to be the most affordable of the Delhi-NCR region for the middle income group will be Rs. 28000/- per sq metre; a straight jump of Rs. 5000/- per sq metre from the previous Rs. 22500/- per sq metre.

Farhan Iqbal, Delhi-NCR

2nd August 2013

Comment

Thanks for the info, but what about the other areas in NCR?

Sameer Khan, Delhi-NCR

2nd August 2013

So will this increased the rates of the property??

Shabnam, Bhiwadi

31st July 2013

Comment

The property prices in Noida, Greater Noida and Ghaziabad are likely to get costlier following the implementation of new circle rates. The concerned authorities of these regions have already increased their allotment rates.

Anu Dhiman, Chandigarh

31st July 2013

Comment

How much has it increased since last years??

Aman Sohal, Chandigarh

31st July 2013

Comment

The effective revision of circle rates since 2005 in Noida-Greater Noida
regions is by nearly 40%, except for a lull during recession in
2008-2009.

Ruchika Thakur, Chandigarh

31st July 2013

Comment

The new rates will first undergo certain changes including creation of ‘V code’ for valuation of properties in the new areas, sectors, and villages, with extra charges (5% each) on facilities like gymnasiums, lifts, security, clubhouses, swimming pools, etc, and after that, they will be implemented.

Anwar Mohammed, Delhi-NCR

30th July 2013

Comment

The rates would be increased in the range of 7-15% for residential properties, 12-25% for industrial properties and 18-32% for commercial properties.

Khushbu , Ghaziabad

30th July 2013

Comment

Yea, true i have heard that for Greater Noida West (Noida Extension) will be Rs 28,000 per sq metre, while the existing rate is Rs 22,500 per sq meter.

Sujit, Gurgaon

30th July 2013

Comment

So each sector will have same hike or different circles rates?

Dinesh Verma, Gurgaon

30th July 2013

Comment

The hike will be in all categories of residential, commercial, institutional and industrial properties.

Pavan Jain, Delhi-NCR

30th July 2013

Comment

Around 7 to 25 percent hike in circle rates has been proposed in Noida, Greater Noida and Ghaziabad, which would mostly affect the buyers and real estate developers.

Suneet Shetty, Noida

29th July 2013

Comment