Circle rates fixed for registration of flats in Noida Sector-61

Q: I am desirous to know the circle rate fixed for Group Housing in Sector-61, Noida in APRIL, 2011 and January, 2013. You may kindly give additional information as to how many times, circle rates have been hiked for Sec.61 from April, 2011 upto January, 2013 and each time the per centage of hike may also be indicated.
Early reply is solicited.

ABV Vijaya Lakshmi , Apartment Resident

19th February 2013

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The new circle rates have conveyed a moan of relief to a lot of home buyers, especially those whose apartments fall inside of the 10km radius of the Okhla Bird Sanctuary. This move, not to raise the circle rates was welcomed by some residents, while in the meantime a few occupants have held up their protests against the 5% additional charge for every additional facilities.

Bobby, Noida

4th August 2015

Comment

A few people feel that in a few sectors in Greater Noida, the circle rates are higher than the current market prices. Particularly in Eta, Zeta, Sigma,Chi and Pi sectors, circle rates are higher than the predominant market rates. Mr SK Singh said that the department would take part in every one of these problems with the Gautam Budh Nagar district magistrate before 1st August.

Giri, Noida

4th August 2015

Hi Guys,
The Gautam Budh Nagar administration has gotten about two dozen objections against the most recent change in circle rates for buying & selling property, for the most part in the commercial as well as group housing categories. Kindly Discuss.

Chandra, Noida

4th August 2015

Comment

Up stamp & Registration department are going to meet with district magistrate to find out options for a revision in new circle rates, which will work out from 1st August. The acquisition in the group housing class is against 5% additional charge for every additional facility, for example, swimming pool, club, and so on, with a total top of 25%. Some have grumbled that the new circles rates are improbable.

Sekhar, Noida

4th August 2015

As per latest news, As per assistant inspector general of UP stamps and registration department Mr SK Singh, The DM, on the other hand is hesitant to decrease the circle rates in the group housing category.the new circle rates have conveyed a moan of relief to a lot of home buyers, especially those whose apartments fall inside of the 10km radius of the Okhla Bird Sanctuary.

Amitabh, Noida

4th August 2015

Hi Guys,
Generally speaking, circle rate is the minimum value at which the sale or transfer of a plot, built-up house, apartment or a commercial property takes place. This is never similar to the existing market rate. The market price is the value of an asset for a transaction between a seller and a buyer wherein, the price is determined by the market forces of supply and demand.

Aveek Paul,

10th February 2015

Comment

Hi ,
Is there any news of circle rate hike in Ghaziabad? One of my friend said there has been some hike in Ghaziabad circle rate.

Santosh, Ghaziabad

21st January 2015

Comment

Hi Santosh,

Yes, the Ghaziabad district administration has also hiked the circle rates. According to the new slabs released by the district administration, the new circle rate in a posh area like Kavi Nagar is Rs 36,000 per sq metre, while in areas like Kaushambi, Ramprastha, Vasundhara, Vaishali and Indirapuram the rate is Rs 45,000 per sq metre.

Ankita, Ghaziabad

21st January 2015

@ Santosh,
The reason DA revised the circle rates is that the government is facing a loss in revenue generated through stamp duty. There is a huge gap between the market and government property prices. To fill the gap in revenue generation from properties, authority have decided to increase the rates.

Ankur , Ghaziabad

21st January 2015

@ Mr Santosh,

As a result of hike in development charge from Rs 650 to Rs 800 per sq metre and revision of sector rates, Ghaziabad’s property gets costlier by 25-40%.Parallel to increase in development charge, Ghaziabad district administration has adopted a new policy. Under the new arrangement, new circle rates will be recovered sectorwise. Earlier it was recovered according to area divided into top Hindon and trans-Hindon zones.

Deepika, Ghaziabad

21st January 2015

Hi guys,
As per my knowledge, the authorities of Noida-Greater Noida, Yamuna Expressway and Ghaziabad have increased circle rates by 40%. The new circles rates have been implemented in all the residential, commercial and industrial sectors of Noida, Greater Noida, Ghaziabad and UPSIDC properties.

Sufia, Delhi

21st January 2015

Comment

Hi ,
Yes Sufia I completely agreed with you.According to me the increase in circle rates is close to 40%, but authority have decided not to increase the rates uniformly. There are rural areas, where the population is scattered and thin, and authority will keep the increase lower as compared to regions where there are more land transactions, and the prices are escalating. Circle rates of residential, commercial, industrial, group housing, builders’ plots in Noida Extension and UPSIDC properties have been hiked by 10-30%.

Indu dixit, Noida

21st January 2015

I have collected authetic information now. The circle rate for Sec.61 Group Housing was Rs.35,000 per sq.m on 01st April, 2011 and at present it is Rs.50,000/-.

ABV Vijaya Lakshmi , Apartment Resident

26th February 2013

Comment

I just got one link, where it says that for Sector 61, the circle rate right now is Rs 36000, i think you should check with the local authority for the perfect range. I am nt too sure about this.

Manisha Soori, Gurgaon

26th February 2013

Comment

Yes particularly the circles rates of NCR have raised up than before ans due the increase in demand of housing land and plots. And as per my knowledge this February the circle rates have again changed.I have no clue about that can any one help?

Doel Singha, Ghaziabad

26th February 2013

Comment

Hi , I think the best way to know the circle rate to get in touch with some local brokers there, who will help you with the details in that particular area. And , Mr Malakar really thanks for the info, i was also looking for the rates.

Sunil Sharma, Noida

21st February 2013

Comment

Last year the circle rates were increased from 10 % to 50 % in Noida region. So buyers will have to pay extra for stamp duty in cases in which he/she has bought property post the date when the circle rates were hiked.. I am not sure how much exactly was increased in your area.

Pranab Malakar, Delhi

20th February 2013

Comment

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