Circle rates to be reconsidered!

1 Comment Sub Category:Uncategorized Posted On: Mar 01, 2012

The Assam Real Estate & Infrastructure Developers’ Association (AREIDA) has put a proposal to the government to reconsider the Circle rate.

The main agenda behind the reconsideration of circle rates is to make it appeal reasonable and rational to the citizens of the city.

The AREIDA president say that they have no objection to levy duties as per Circle rate, however it cannot be forced to document incorrect figures in the sale deeds.

In conclusion, it was told that stamp duty on apartments and the high registration charges will likely be reduced.

The helpless citizens are bearing the burnt of land prices rising paving way for circle rate increased manifold and the only charge which has remained unfold is the registration fees.

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Source: Assam Tribune

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