The circle rate is a crucial aspect of the real estate market in India. Regular revisions are made to ensure that the circle rates accurately reflect the current market conditions and property values.
Circle RateReal EstateProperty TransactionsStamp DutyMarket ConditionsReal Estate NewsDec 06, 2024
The circle rate is the minimum price at which a property can be registered for sale, set by the government to ensure fair and transparent property transactions.
Circle rates are determined by the government based on factors such as location, type of property, and market conditions, and are usually revised periodically.
The circle rate is important because it helps in determining stamp duty and registration charges, prevents black money transactions, and ensures a transparent and regulated real estate market.
Circle rates are typically revised annually or bi-annually to ensure they remain relevant and up-to-date with the prevailing market conditions.
The benefits of the circle rate system include transparency, fair taxation, and market stability, which help in making property transactions more predictable and fair for all parties involved.
Rajinder Singh Mann shares his insights on the importance of sustainable real estate development, revealing how it not only benefits the environment but also provides a competitive edge in the market.
Italian student housing market poised for growth, Proprium Capital Partners invests $100 million in student accommodation sector
The prominent real estate developer, Lodha Group (also known as Macrotech Developers), reported a significant boost in its financial performance for the second quarter of the fiscal year 2025 (Q2FY25). The company's net profit surged by 108%, reaching Rs
JSW Group and POSCO have inked a Memorandum of Understanding (MoU) to establish a greenfield steel plant in Keonjhar, Odisha. The project is expected to boost the local economy and contribute to the growth of the steel industry in the region.
Mumbai: In a significant move to protect the interests of homebuyers and promote transparency in real estate project registrations, the Bombay High Court has directed the Maharashtra government to ensure strict compliance with the 2023 circular. This dire
In a shocking turn of events, a youth from Pimpri-Chinchwad, Pune, has fallen victim to a major cryptocurrency scam, losing Rs 80 lakh. The police have made swift action, arresting two individuals involved in the scam.