Circle rates to increase from the 1st of August
The plots located at Gautam Budh Nagar is about to get much more expensive. Since there has been a rise in price of land allotment rates in the regions of Noida, Greater Noida as well as Yamuna, the UP stamp and registry department is all set to accelerate all the circle rates in the district. From the 1st of August, the circle rates which are revised shall be implemented very soon.
Achey Lal Singh Yadav who happens to be an additional district magistrate said during the meeting on the 2nd of July that a proposal shall be given special emphasis. Even the implementation of the new circle rates shall be published soon. Yadav has mentioned that on the 21st of July the matter shall be looked into deeply and will be sought from the district magistrate on the 22nd of July. New rates shall come up soon right after that.
In fact a survey is being conducted by the registry and stamp department on the different classes of properties in the sectors. An increment in the circle rates shall stop people from purchasing and selling properties which fall below the price at the market. This is because the proposed circle rate shall take care of the gap between the current circle rate as well as value of the market.
Source – Vandana Keelor, TNN
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