Ghz Circle Rates Hike by 25 per cent
New circle rates have been introduced in Ghaziabad with effect from today. The rates registered an increase of 25 to 50 per cent over the old rates.
According to informed circles after the relief given to people in stamp duty rates for registry of property, the government has neutralized it by announcing a hike of 25 to 50 per cent in circle rates.
From July 16, people will have to pay stamp duty as per the enhanced rates.
According to the new rates also, Kaushambi tops in higher residential rates. A sum of Rs 32,000 has been fixed per sq mt as against previous rate of Rs 25,000 per sq mt. For Vaishali and Indirapuram a rate of Rs 26,000 and Rs 28,000 has been fixed which is the second highest rate. Vasundhra is at third place with a rate of Rs 20,000 to Rs 22,000 per sq mt
Though the administration had heard suggestions and objections, it stuck to the rates finalized. Joint commissioner, Stamps, K.P. Yadav kept telling people till the last moment that the rate list has not been implemented.
When the authorities felt that the stamp duty was coming down, new rates were made operative on Tuesday.
ADM (Finance) Sarvjit Ram said if the people do not take advantage of the relief given by the government, old stamp duty could be restored.
It shows the property prices are on an increase. For Partap Vihar the rates are from Rs 12,000 to Rs 16,000 per sq mt. The Shastri Nagar rates have increased from Rs 12,000 to Rs 18,000.
Land rates in Nehru Nagar have increased from Rs 50 to Rs 1.30 crore an acre. Mehrauli rates increased from Rs 1 crore to Rs 1.25 crore.
Dunda Heda land is hiked from Rs 80,000 to Rs 1 crore and Brahm Hota land has touched Rs 1.20 crore from Rs 1 crore per acre.
According to informed circles after the relief given to people in stamp duty rates for registry of property, the government has neutralized it by announcing a hike of 25 to 50 per cent in circle rates.
From July 16, people will have to pay stamp duty as per the enhanced rates.
According to the new rates also, Kaushambi tops in higher residential rates. A sum of Rs 32,000 has been fixed per sq mt as against previous rate of Rs 25,000 per sq mt. For Vaishali and Indirapuram a rate of Rs 26,000 and Rs 28,000 has been fixed which is the second highest rate. Vasundhra is at third place with a rate of Rs 20,000 to Rs 22,000 per sq mt
Though the administration had heard suggestions and objections, it stuck to the rates finalized. Joint commissioner, Stamps, K.P. Yadav kept telling people till the last moment that the rate list has not been implemented.
When the authorities felt that the stamp duty was coming down, new rates were made operative on Tuesday.
ADM (Finance) Sarvjit Ram said if the people do not take advantage of the relief given by the government, old stamp duty could be restored.
It shows the property prices are on an increase. For Partap Vihar the rates are from Rs 12,000 to Rs 16,000 per sq mt. The Shastri Nagar rates have increased from Rs 12,000 to Rs 18,000.
Land rates in Nehru Nagar have increased from Rs 50 to Rs 1.30 crore an acre. Mehrauli rates increased from Rs 1 crore to Rs 1.25 crore.
Dunda Heda land is hiked from Rs 80,000 to Rs 1 crore and Brahm Hota land has touched Rs 1.20 crore from Rs 1 crore per acre.