Circle Rates have been increased in Noida of Ghaziabad
Because of the sudden increase in the rates of land allotment in Noida, the UP stamp along with the registry department are now ready to increase all circle rates in Noida, Greater Noida and Ghaziabad. From the 1st of August, the circle rates which have been revised will be implemented in Gautam Budh Nagar and Ghaziabad both.
Arvind Singh Chandel and the registration department have mentioned that once the proposal has been sanctioned and approved of, the new rates are definitely going to be implemented. This will occur in the districts of Gautam Budh Nagar and Ghaziabad both.
There will be meeting organized this year on the 9th of June between the registry department, SK Singh, AIG and the stamp department at Lucknow. The purpose of this meeting is to discuss the proposal and make decisions of implementation of the circle rates which are new and fresh.
Residents seem quite unhappy on the other hand. They have mentioned that the circle rates here at Noida are not real at all. There are some cases where market rates are lower than the present circle rates in Noida and it is the job of the buyer to pay income tax during this gap.
Source – Purusharth Aradhak
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