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Real Estate Forum on Circle Rates

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: The Gurgaon administration has proposed to cut circle rates of properties by 15% this year to help revive a inactive real estate market.
Latest Answer: Real Estate market is evolving. Here the power is shifting from the sellers to buyers. The growth of the price has become very stable. and it is per for the investors and the buyers to invest in real estate. Property interest rate is also balanced. In Gurgaon, there are many builders come with the reasonable rate. Recently, I have invested a project, names Vipul Aarohan by Vipul Group. But the investor must be careful about the review of the builder on previous projects.
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Q: What is about the revised circles rates ? are they good for investors or builders
Latest Answer: As per sources, Aam Aadmi Party govt has settled the new rates between Rs 1-3.5 crore/acre from the prior Rs 53 lakh/acre of land. Charging that this price escalation was taken without the LG's permission, the PIL had looked for suppress of the August 4 warning, which had as of now pursued into inconvenience LG Najeeb Jung ordered the Arvind Kejriwal govt to keep up business as usual till the issue was analyzed legally.
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Q: Hi, I heard that the circle rates have been hiked in Gurgaon. Please update more details on this news.
Latest Answer: In case of prime residential land plots in licensed colonies such as DLF City Phase 1 and Sushant Lok Phase 1, the circle rates have been hiked from Rs 65,000 per square yard to Rs 70,000 per square yard while the circle rates of commercial plots in these areas will be hiked from Rs 135,000 per square yard to Rs 150,000 per square yard.
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Q: Will the circle rates be raised in Guwahati now?

Latest Answer: The Assam Real Estate & Infrastructure Developers is planning to revise the circle rates in Guwahati.
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Q: Why is circle rates introduced in Himachal Pradesh? Will the circle rate get revised?
Latest Answer: According to sources, the decision was taken by the Cabinet to introduce the circle rates for assessing the stamp duty for registration of lands. The circle will get revised in every one year.
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Q: I heard that the circle rates on property price are increasing in Delhi-NCR. What is a circle rate?
Latest Answer: According to experts, the circle rates are decided by the State Revenue Ministry. It is the minimum rate for valuation of a plot, flats or independent house in a particular area or locality. The circle rates differ for various categories of colonies. The sale or purchase of property in a particular area is finalized considering the available infrastructure.
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