About Circle Rate in Noida Extension
If you are new to this real estate field you might be wondering, what the heck is Circle rate? Let us give you a correct meaning of the Circle rate and information on what is the circle rate in Noida Extension?
The minimum rate that has been notified by the government through the registrar or sub registrar office of Greater Noida for registration of property transactions is known to be circle rate. There is a difference in market rates and circle rates! Most of the times, circle rates be likely to be somewhat lower than market prices. But, there have been cases wherein circle rates might even be higher than market prices of the property.
These Circle rates are actually notified by the government. And, these circle rates are used as reference point for fee of stamp duty on property transaction registrations in the area of Noida Extension. These circle rates also differs from property to property, it means it totally depends upon the type of the property. Registrar value of plots and independent houses are different from that of flats and apartments in Noida Extension even in the same area.
Luxury apartments in Noida Extension with premium amenities such as power back-up, open car parking, lift, covered car parking, security, and swimming pool will have to bear an additional loading for calculating circle rates in the city. If you like to know more about Circle Rate in Noida Extension, please get in touch with us and we will help you get the complete details. Moreover, we are one of the best and dedicated real estate consultancies in the National Capital Region known for our impartial property suggestions.
The administration had hiked circle rates up to 43% in 2012-13 into commercial category that was a maximum hike in circle rates. On June 28, 2016, a rapidly developing city Gurgaon cut circle rates by 15% across all the real estate segments on in order to revitalize the real estate market.
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