Circle rates in NCR

Q: What is the latest update of Circle rate in NCR, did it increase???

James, Delhi

7th August 2013

Real estate News in Noida

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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

17th 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

17th 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

17th 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

17th 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

17th August 2015

Group housing projects as well as high rise buildings in Noida and Greater Noida has seen a swift development in this area. The developers have been demanding an enormous amount from home purchasers because of amenities, for example, swimming pool, security and lift etc. Presently, such amenities charges in Noida has been decreased from 25% to 15%. At the same time in Greater Noida, it has been decreased from 12% to 10%.

Bobby, Noida

7th August 2015

Comment

Hi Pranab,
According to the sources, the high rise structures in both areas(Noida, Greater Noida) have additionally been given relief depended upon the height. Prior this alleviation was accessible at the rate of 5% for floors beginning from the 3rd floor or more, heading off up to a most extreme of 20%.

Bulbul Verma,

8th August 2015

As per the district official, there has been no increment in the circle rates for industrial plots measuring up to 4000 sq-m. But plots over 4000 sq-m, the approved rate as well as the lease rent would be added to touch base at the circle rate. In any case, if the current circle rate is more, then that would be relevant.

Veena K,

9th August 2015

Hi Pranab,
As per current news, fully developed sectors in Greater Noida, for example, Deltam, Beta, Alpha as well as Gamma have seen an increment of Rs 1,000/sq-mt. There are no changes in undeveloped sectors. The stamp duty is directly relative to the property circle rate.

Samrat,

10th August 2015

Hey Guys,
Latest change in circle rates of Noida , made sector 15A and 44 most expensive locality in Noida. From August 7th ,this new circle rate has introduced. Kindly discuss.

Pranab Malakar,

7th August 2015

Comment

Hi Pranab,
As per the latest news, circle rates in Gautam Budh Nagar increase by 5%-10% crosswise over different categories. As an outcome, registration of property has gotten to be expensive in the region. The upgrade, on the other hand, is not uniform crosswise over types or locations.

Shilpa, Noida

7th August 2015

Hi Shilpa,
According to sources, while Sector 15A and Sector 44 in Noida have turned into the costliest, the district administration has given some alleviation to flat and shop purchaser. The circle rate is currently Rs 90,500/sq-mt when contrasted with the before circle rate of Rs 86,000/sq-mt for property belongs to category A.

Pranab Malakar,

7th August 2015

As indicated by officials, in Greater Noida, the residential property in Jaypee Greens Rs 35,000/sq-m to Rs 47,000/sq-m as well as the commercial property in the region of Alpha commercial belt have seen the most elevated increment. The rural area has seen a 10% hike on an average rate.

Shilpa, Noida

7th August 2015

Hi, James, dude, circle rates are something that, go on increasing, i have never heard that went down. Although wanna inform you that, yes real estate prices in the west and southwest parts of NCR are expected to rise, as the authorities of Noida-Greater Noida, Yamuna Expressway and Ghaziabad have hiked the circle rates by up to 40 percent.

Richa, Delhi

7th August 2013

Comment

How does the circle rate system work and who decides about the increase or decrease.??

Vibhor, Delhi

7th August 2013

Hey Vibhor, actually the story is bit long about circle rates, like circle rate is referred to the minimum rate fixed by the civic authorities for valuation of immovable properties in a particular area. Moreover this rates are considered by the competent registering authorities during the registration of documents related to property transactions.

Richa, Delhi

7th August 2013

Which are the areas in NCR that will witness the new rates ??

Jeet Bhaskar, Delhi

7th August 2013

he new rates have been implemented in all the residential, commercial and industrial sectors of Noida, Greater Noida, Ghaziabad and UPSIDC properties by the concerned authorities.

Tamal, Delhi-NCR

7th August 2013