Circle rates
The current market prices of property have fallen below the circle rates owing to the subdued realty market in many locations like New Friends Colony, Kalindi Kunj, and Noida in the NCR; Behala, Thakurpukur, Kolkata Main and Lake Town among others in Kolkata, and in small cities like Bhopal. There are many other cities and [...] Continue Reading »
The property rates in the Noida belt are set to go up as the Registry and Stamp Department of Gautambudh Nagar has announced to increase the circle rates by around 10 percent from the 1st of August. The announcement to this effect was made by the department post getting the go ahead notice by the [...] Continue Reading »
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. [...] Continue Reading »
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 [...] Continue Reading »
The Delhi government is set to hike circle rates by the end of this month, in an attempt to rationalise property rates in the Capital. Circle rates were likely to go up by 20 per cent to 60 per cent after the revision, as per the information received from the officers of Revenue department. Revenue [...] Continue Reading »
UP stamp and registration department has deferred the proposal about a reduction in circle rates. Officials cited that with general elections round the corner, the code of conduct could be implemented anytime and thus, the proposal cannot be implemented soon. Also, the newly-appointed district magistrate needs to study the proposal in detail before allowing the [...] Continue Reading »
Some of the new amendments made in the Finance Bill, 2013 to the Income-tax Law is expected to have a deep impact on real estate sector in the 2013-14 fiscal. The amendments relate to taxing the notional income in the real estate transactions as against the real income of the real estate developers as well [...] Continue Reading »
Gurgaon’s newly developed areas between Sector 58 and 113 has got the circle rates approved by the district administration. The circle rates are segregated and specified as per the construction rates and also groups are formed differently for housing societies and multi-storey apartments to have a clear idea of the different rates. The news rates [...] Continue Reading »
New Delhi- An issue raised in the standing committee stating that obtaining a complete certification is quite a tedious task and with the former issue of the certificates from October 2008 to December 2010, the corporation missed on charging the compounding fee based on the 2007 circle rates and instead the former charges from 1998-20 were practiced. [...] Continue Reading »
The Delhi government currently is in a state of chaos as the economic slowdown has impacted the market. It was stated by the chief secretary PK Tripathi, on 18th October that the government had much to worry regarding the condition of the state exchequer. The third quarter of the financial year witnessed an unimpressive 40% of collections. [...] Continue Reading »
