Gzb’s circle rate set for a 20% hike, its first revision in 2 yrs

For residential and commercial properties next month.

A proposal is being prepared by the stamp and registry department

A higher circle rate means those buying houses will have to pay more in stamp duty,

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which will effectively increase the overall property prices.

The circle rate in Indirapuram and Vaishali is likely to go up by a steep Rs 11,600 per sqm

from the prevailing Rs 58,000 per sqm once the proposed hike kicks in.

In Crossings Republik, the rate will go up by Rs 7,600 per sqm from the current Rs 38,000 per sqm.

In Wave City and Sun City, where the prevailing circle rate is Rs 26,400 per sqm,

Properties will become dearer by Rs 5,280 per sqm.