Buying land &
property in Noida in Uttar Pradesh will be costlier as circle rates has been
increased by 10% to 25% from August 1, 2013.
Agriculture land
rates too have bee hiked by 5 % to 8%.
"The hiked
circle rates are effective from August 1, 2013" Mr. S. K. Singh, AIG
stamps & officiating Deputy Inspector General, stamps, told.
The hike is between
15% to 25% depending on sector location.
"A special
category has been introduced this year (2013). It relates to hospital, cinema,
cold storage & marriage halls. The circle rate of this category would be
30% of the rental value or 40% of the commercial rate in that area," said
Mr. S.K. Singh.
The Noida city's
residential sectors have been divided into various categories from A to E
depending on the development and market value of land.
In A category
sectors, circle rate has been hiked from Rs. 66,500 to Rs. 78,000.
In B category
sectors, the hike is between Rs. 48.000 and Rs. 55.000.
In C category
sectors, the increase is between Rs. 35,000 and Rs. 40,000.
Rates are for per
square meter land.
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