Noida: Be prepared to spend more money to buy property in Gautam Budh Nagar because the administration can raise the level of the circle in several district bags after a four-year gap.
TOI has learned that the regional government will immediately begin training to evaluate the land level in effect in the three district income sub-divisions – Dadri, conscious and speech.
Rates circles are updated every year, usually in 1.
August 2017, the level of circles in Noida, Greater Noida and other parts of this district most remain unchanged.
But this time the need to revise them up is being felt as the three industrial development authorities, Greater Noida and Yamuna Expressway have boosted property interest rates over the past three years.
Above, the government demands 7% of property values ​​as stamp duty.
In fact, at the newly held board meeting, the first in this fiscal, the three authorities increase land allotment in Noida, Greater Noida and the Yamuna Expressway region.
While Gnida and Yeida respectively told a 4.15% and 5% increase, respectively, Noida authorities raised the level of industrial and institutional plots in Phase II which consisted of sector 80, 81, 83, 87, 130, 140, 140 , 144, 155 and 158 times 20%.
The Great Noida Authority has increased the property level of all categories for two consecutive years and the level of all types of property, commercial restrictions, has now become more expensive by at least 20%.
Noida authorities revised the level of the sector located close to the aqua and toll roads in 2019 but has increased from increasing the level of non-industry and non-institutional properties.
Yeida increases the figure in 2016 and 2020, and is 5% on both occasions.
This time, Yeida increases the tariff again by 5%.
Property values ​​in villages that are notified along the Yamuna freeway that have not been developed or taken over, will rise further.
Suhas Ly District Judge, however, said that the decision about the problem “had not been taken”.
“The rate circle will remain the same until July 31.
Post it, we will receive a call after evaluating market conditions.” Three sub-division and tehsildar judges will check the transaction value mentioned in various regions to decide how much incompatibility between the level of authority and the rate of the circle.
And the decision to increase prices can also result in an increase in the budget for land acquisition for various government projects being executed in the Shares and Dadri.
Deputy Inspector General of the District Stamp and Registration Department, Rakesh Kumar Srivastava said, “The District Judge will take the final decision on this issue.
We will share our input with administrative officials.” However, real estate experts say that any increase can hit the real market Estate in this district.