New circle rates have been introduced in Ghaziabad with effect from today. The rates registered an increase of 25 to 50 per cent over the old rates.
According to informed circles after the relief given to people in stamp duty rates for registry of property, the government has neutralized it by announcing a hike of 25 to 50 per cent in circle rates.
From July 16, people will have to pay stamp duty as per the enhanced rates.
According to the new rates also, Kaushambi tops in higher residential rates. A sum of Rs 32,000 has been fixed per sq mt as against previous rate of Rs 25,000 per sq mt. For Vaishali and Indirapuram a rate of Rs 26,000 and Rs 28,000 has been fixed which is the second highest rate. Vasundhra is at third place with a rate of Rs 20,000 to Rs 22,000 per sq mt
Though the administration had heard suggestions and objections, it stuck to the rates finalized. Joint commissioner, Stamps, K.P. Yadav kept telling people till the last moment that the rate list has not been implemented.
When the authorities felt that the stamp duty was coming down, new rates were made operative on Tuesday.
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