The article discusses circle rates in Noida, UP, for 2022, their impact, and how to check them online. Circle rates affect property registration, valuation, and government revenue.
Approximately 3.16 lakh houses remain incomplete under the Pradhan Mantri Awas Yojana-Grameen (PMAY-G) scheme in Rajasthan. Districts such as Barmer, Banswara, and Jodhpur have the highest number of incomplete houses. The state authorities have issued directives to complete the pending houses by March 31, 2021.
The Delhi Government has cut circle rates by 20% across all property categories for six months to stimulate the struggling real estate market post-pandemic.
Maharashtra extends real estate incentives until August 2021, offering concessional premiums to developers for residential and commercial projects in Mumbai.
The Haryana government has reduced circle rates by 15% in Gurgaon to boost the declining real estate market and stimulate buyer interest.
Delhi Municipal Corporation plans to increase property tax rates following the Delhi government's circle rate hike. Experts predict a potential 2:1 ratio of impact, implying a 100% property tax increase for a 200% circle rate rise. However, the tax revision might be less substantial in areas with smaller circle rate increases.