2% hike in stamp duty in Noida and Gr Noida

Q: Noida and Gr Noida Development Authority is going to implement 2% stamp duty hike.

jitu jayswal,

20th April 2016

Property Tax in Noida

stamp duty

noida authority

greater noida authority

stamp duty hike in noida

2% stamp duty hike in noida

2% stamp duty hike in greater noida

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Replies (2)

Hi Friends!!!!
Noida Authority is intentionally delaying to issue notification to register maximum deeds. On the other hand, developers are saying that hike will negatively impact real estate in Gautam Buddha Nagar.

Sangam, Noida

20th April 2016

Comment

Yes, it is true. 2% hike in stamp duty will negatively impact the real estate in Noida and this hike will put an extra Rs 1-2 lakh burden on each buyer, while the revenue department expects to earn an additional Rs 100 crore.

Hemant, Noida

20th April 2016

In Gautam Buddha nagar, thousands of flats routinely delivered late, and especially those affected by the Okhla Bird Sanctuary row, it will be a double attack for many buyers.

Sangam, Noida

20th April 2016

Now, the buyers of a new property have to pay 7% stamp duty from the current 5% by the end of April. While the notification for the same has already been issued by UP industries department, the stamp and registration department too are planning to issue a notification within a week.

bablu pathak,

20th April 2016

Comment

Good afternoon Bablu!!!!
As per the Noida Authority record, there are over 30000 registries pending mainly due to delay on the part of developers, who are yet to make payments and without payment, the Authority will not issue completion certification to developers, without which, the stamp and registration department doesn't register properties.

Aveek Paul,

20th April 2016