Tag: Circle Rates

Recently, Gurugram’s district administration announced a hike in circle rates. And it is expected that other districts in the NCR, including Noida, will also see an increase, pretty soon. It is pretty evident that a change in circle rates affects property prices, especially the overall expense of property registration,...

Circle rates are an essential regulatory tool that establishes the minimum price at which properties can be bought or sold, as stipulated by the revenue department of the state government. They not only impact transaction costs but also play a crucial role in guaranteeing fair market practices. In this...