If you go to see the property anywhere, you will often hear about the circle rate from the builders. Many times builders determine the full price of the property on the basis of this. This changes when watching a properti in another area. Today, in the Hamani report, we will give full information about the circle rate, how it plays an important role in your decision to buy your property.
What is Circle Rate?
Jiman is the state of India. The district administration is responsible for fixing a standard rate for land and other properties in cities, below which transactions cannot be registered. Because it is quite large and divided depending on the localities. Because of this, circle rates vary in terrain.
Circle rate is known by different names in the country. In Maharashtra it is called Ready Redcorner Rates. Haryana, Punjab and Uttar Pradesh District Collector Rates in Karnataka know as Guidance Value.
How is it fixed?
Circle rate in any city is determined by the district administration. The administration determines the circle rate after reviewing the market rate running in that area over a given period of time. The administration tries to keep the circle rate at par with market prices. Market rate is called the price at which the purchase of the property is sold. Please tell, the registration fee of a property is fixed only on the basis of market rate.
Loss due to high circle rate:
The property buyer has a lot of losses। First of all you get expensive property. With this, if you are taking on a property loan, then you have to fill in more EMI. At the same time, home insurance will also be expensive for you.
News Source: Jagran.com
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