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News India Live, Digital Desk: Housing will be expensive in Ghaziabad: If you are thinking of buying a dream house or investing in the land in Delhi-NCR, especially Ghaziabad, then this news is directly related to your budget. Soon purchasing property here can be expensive.
Ghaziabad district administration after a long gap of two years Circle rate Is preparing to increase. In simple language, the circle rate is the minimum government price, so that no land or house can be purchased. Your property on registry Stamp duty It is also fixed at this rate.
After all, why are the prices rising?
The reason behind this is very clear.
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New speed of development: In the last few years Namo Bharat Train (RRTS) And Delhi-Meerut Expressway Like big projects have changed the picture of Ghaziabad. With the introduction of these facilities, the real prices of land are skyrocketing, while government rates are still old.
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Big difference between government rate and market price: At this time, there has been a difference of ground-sky in the real market price of government circle rate and property. The government now wants to reduce this difference.
What will be the effect on you?
The direct and simple effect will be that when the circle rates increase, you will have to pay more stamp duty for the registry of the property. Suppose, the land whose government rate was still 50 lakhs and you had to pay 3 lakh duty on it, if its rate increases to 60 lakhs, then you have to pay more duty. This will increase the total cost of the property.
Especially in areas where RRTs or expressways are passing, there can be the biggest increase in circle rates. The administration has started work on this and new rates may be implemented soon. So if you were planning to invest in Ghaziabad, then you have to be ready for this new change.
