Gautam Buddha Nagar administration has said it will determine the pace of new circles of property in the district only after feedback from stakeholders.
The administration was looking for feedback on March 26 at its public portal, and the process will end on April 5. If the pace is raised, registration fees will rise.
According to the revised interest rates, the level of the Greatic Noida (West) circle will rise by 30% in the larger NOIDA. Although 15% growth is offered for office plots, it will increase 10% of the conspiracy sales, which includes residential, group apartment, industrial and commercial buildings.
“We combine objections from stakeholders. The final rates will be announced only after the consultation, “said Master of Master of Kumar.
He added that large objections were obtained or from the people who already store money, who have already bought apartments, but still need to register their property. “They do not want to receive the registration according to new rates. There are also people who are against the proposed pace because they think it’s too high, “he said.
Former President of the Affairs of the “Strong Zodiac” apartment owners Singh has opened a 12-page objection to the administration plan to increase the circle. “Registration of several group housing projects is expected in the region since 2013. This delay (Noida and Greater Noida) is the fault of the authorities and builders.
Total Assistant, Registration (Stamp and Registrar), BS Verma, however, claimed that the rise of the circle could not affect flat buyers, but to solve the continued corruption for years. “It will raise revenue collection and every document of the document. The buyer will be in advance to the builder in the case of any conflict. Buyer should get more that buyers have to pay.
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He also said that the department of stamps and registration saw 18% increase in revenue collection in 2024-25. “Our target is 4,880 Rs, and we collected 4,230 RS Rs. The recommended interest rates will be beneficial for the common society, “he increased from 15% to 20%.
The reinforced said that the prices of the frame should be reviewed every year, but they have stagnated since 2016.
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