This Delhi NCR region likely to see a 30% hike in circle rate for residential areas; how homebuyers will be impacted

Increase in circle rate for properties: The department in charge of stamps and registration has suggested to the district magistrate that the circle rates be revised, as they have not been changed for the past five years. According to a news report in the Times of India, the proposal seeks to raise the circle rate by 25-30% in residential areas, 10% in industrial, commercial, and IT sectors, and 15% for farmland.
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