Noida property circle rates hiked up to 25%

Buying land and property in Noida in Uttar Pradesh will be costlier as circle rates has been increased by 10 to 25 per cent from today. Agriculture land rates too have bee hiked by 5-8 percent. "The hiked circle rates are effective from today," S K Singh, AIG stamps and officiating Deputy Inspector General, stamps, told PTI.

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The hike is between 15-25 percent depending on sector location. "A special category has been introduced this year. It relates to hospital, cinema, cold storage and marriage halls. The circle rate of this category would be 30 per cent of the rental value or 40 per cent of the commercial rate in that area," said Singh.

The 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 48000 and Rs 55000. 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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