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Circle rates are hike 5 to 20 % of gurgaon - 04th Apr 11
Property buyers in Millennium City will have to pay more after April 1 as the city administration has decided to hike circle rates by 10-15 % for financial year 2009-2010.

Officials said areas like DLF city, Sushant Lok, South City and Palam Vihar could see the sharpest hike. Circle rate is the minimum amount fixed by government at which one can buy a property.

In a recent meeting with the officials of stamp and registry departments, senior district officials took the decision to increase circle rates.

Officials also took up the case of agricultural land near Gurgaon that is being converted to residential zones according to Gurgaon-Manesar Urban Complex 2021. The collector rate in many of these areas is very low.

Sources said the rate could be increased by two to three fold in villages like Dhanwapur, Dhankot, Basai, Gadolikalan, Gadolikhurd, Kherkidaula, Sihi Sikanderpur, Mewaka, Wazirpur, Daultabad, Dharmpur, Kakraula, Bhangraula and Bajghera.

Senior administrative officials said the hike is aimed at rationalizing the collector rate so that it is somewhat closer to the market price. Currently, circle rate in Gurgaon ranges from Rs 13,000 to Rs 23,000 per sq yard. After the revision, the collector rate could be Rs 1.7 crore per acre against last years 1.5 crore in villages like Chakkarpur, Adamapur, Nathupur, Shahpur, Tigra and Sarhaul. Its difficult to finalize the rate as we have to follow procedures and consider the rates at which properties in the same areas are registered. We have made efforts to rationalize the rate, said a senior revenue department officials. Rate in areas like DLF phase is Rs 23,000/sq yard while it is Rs 21,000/sq yard in localities like DLF Ph-III,IV,V and Sushant Lok Ph-I.

NINEX Group Launches Ninex City in sector 76 - 15th Nov 10
Ninex Group is launching its new project in sector 76.
after completing many project its going new project for gurgaon peoples

Unitech launches a Luxurious Group Housing project Exquisite in Nirvana Country II - 30th Jun 10
It is on 8.7 Acres Group Housing Parcel in NC2 Township.

It will be an upscale residential development with luxurious 3 BR + SQ units with areas of around 2300-2400 sq ft in ticket size of 1.2 Cr onwards

All towers will also have duplex penthouse units (4 BR + SQ + Family Lounge) on the topmost 2 floors of around 3900-4000 sq ft

Architectural Features -
1. It is a G+13, 4-to-a-core development with a total of 6 towers
2. All apartments have spacious rooms and balconies/ terraces
3. All rooms, living/ dining come with a balcony/ terrace, also kitchen has a utility balcony
4. All towers overlook a central green with exquisite landscaping

Other Highlights
1. Premium Specifications
a. Imported Marble Flooring in living/ dining/ Lounge/ all bedrooms
b. Balconies/ Terrace in combination of stone/ wood/ granite
c. Branded premium CP Fittings and Fixtures
d. Wall Hung WCs, Glass partition in shower areas, Bathtub in master toilet
e. Branded Premium Modular Switches
f. Split ACs with heating and cooling in all Bedrooms/ Living/ Dining/ Lounge
2. Excellent Location
a. Connectivity to Sohna Road , Southern Periphery Road and NH-8
b. Part of premium township with villas and other luxury developments
3. Exclusive living -
a. Only 312 families will have this address
4. Security Features
a. Video Door Phone with 3-tier screening (at the main entry to the project, at tower lift lobby and at the apartment entrance)
b. Audio communication from guard room to each apartment
c. Smart Card Access to Lift Lobby
d. CCTV surveillance
e. Barriers at main entry and exit
5. Exquisite Landscaping and health/sports facilities
a. Gymnasium
b. Large spacious swimming pool
c. Cricket Pitch
d. Tennis Courts
e. Badminton Court
f. Basketball Court
g. Soccer Practice Area
h. Yoga Garden
i. Putting Green

Price list will be available at the time of launch only.

Delhi property tax rates up this year - 30th Jun 10
NEW DELHI: Its taxing time for property owners. Since the rate of tax for different categories has been revised, Delhiites will have to pay moreReal woes of investing in realty
Income from property
Weigh options before buying house
Investing in under-construction flat
from this financial year. However, no major amendments have been made in the property tax forms, according to senior MCD officials.

With June 30 being the last date to avail the 15% rebate on property tax, people can pay tax either online or submit their forms in the 12 MCD zonal offices.

As per the revised rates, colonies falling under category A and B will now have pay 12% property tax. The categories from C to H will see a rise of 1% from the previous rate 10% to 11% for categories C and E and from 6% to 7% for properties under category F to H.

For commercial properties like multiplexes, big shops, etc, there has been an increase of 10%. The property tax rate for multiplexes , petrol pumps etc has been increased from 10% to 20%. The rate for commercial properties falling under A and B categories has been increased from 10% to 15% and from 10% to 12% for categories C to E. There is no change in the tax rate for categories F, G and H.

Press and information director , Deep Mathur, said: We have not created any new categories in the property tax forms. It is more or less the same like before. The only change is that we have added a section called the special commercial category under which multiplexes , petrol pumps, etc need to pay more tax. Under this section there is also the general commercial category which includes power distribution companies, etc.

For online payments, a person will have to first visit MCDs property tax website www.mcdpropertytax .in. If you have an old property reference ID, you will have to enter it and details of the earlier forms filled by you will be made available. A new online user will have to fill up all relevant information before they get a reference ID.

An MCD official said: You can pay by cash, card or cheque. We have tied up with HDFC Bank and Axis Bank for this purpose. According to MCD, the number of people making use of the online system of property tax payment is more thandouble from last year.Added an official : Around 2,000 people were using of the online system at any point of time in a day till last year, this year the number has gone up to 5,000.

Mathur said: Forms can also be submitted at zonal offices after filling them up manually. Only up to Rs 5,000 will be accepted in cash payment.

Meanwhile, with recommendations of the municipal valuation committee underway , these recommendations may or may not be applicable from this financial year. Mathur said: If recommendations made by the municipal valuation committee are accepted this year, decision regarding applicability within the same financial year will be taken in consultation with the law department.

Delhi Real Estate Deals See Jump before Hike - 30th Jun 10
With the Delhi government yet to formally notify the new circle rates announced on June 14, the Capitals real estate market has been busy pushing through deals and registering them over the last fortnight. The new rates are at least three times the existing ones, and as a result the number of documents received by sub-registrars across Delhi has registered a 20-25 per cent jump, said Revenue department officials. We havent formally tabulated the transactions so far, but there are reports of an increase in the number of transactions in anticipation of the hike, said Principal Secretary, Revenue, D M Spolia.

The maximum increase has been reported from mid-income areas in Northwest Delhi and West Delhi, officials said. These include areas like Narela, Rohini, Mongolpuri, Saraswati Vihar and Model Town in Northwest Delhi and Mansarovar Garden and major commercial and residential areas like Janakpuri and Tilak Nagar in West Delhi. Till the new rates come into force sometime next month, transactions are being done according to the structure introduced in 2007.
The existing circle rates the minimum amount at which a property is valued and sold were fixed according to the categories defined by the Municipal Corporation of Delhi for collecting property tax. But we realised that there was a difference of 1,000 per cent in the market value and the circle rates fixed by us in some cases. The existing rates reflected only 30-40 per cent of the actual market value, Spolia added. As part of a survey conducted last year, the Revenue department found that the circle rates for built up flats in areas like Vasant Kunj and Friends Colony were almost the same as those in Govindpuri.

In a bid to reduce this discrepancy between the actual market price of a property and the existing circle rates, the government announced a new policy earlier this month. In the new scheme, Defence Colony, Greater Kailash, Gulmohar Park, Panchsheel Enclave, Green Park and Hauz Khas that fall under Category A for property tax collection, will register a 300 per cent increase in circle rates. The rates have been revised from the existing Rs 43,000 to Rs 1.25 lakh per square metre in these South Delhi colonies.

While the government has done away with the categories defined by the MCD, it has defined new slabs and categorised Delhis 2,480 colonies under those slabs taking into account factors like infrastructure availability and civic facilities. With the new rates, the government is expecting a 35 per cent jump in revenue generation, adding another Rs 400 crore to its coffers. The current system generates a revenue of about Rs 940 crore annually, said the officials said.

We are definitely expecting an increase in revenue, but this also depends on the way the market behaves, Spolia cautions. The slump in 2008-09 had affected revenue generation, with the government taking in just Rs 786.86 crore.

Uniteh South Park

Sector 70 Gurgaon

Unitech Developers Limited

Landmark Avenue

Sushant Lok I Gurgaon

LANDMARK

Today Canary Greens

Gurgaon

Today Homes

FLOORA

Sector 90 Gurgaon

SHREE VARDHMAN

Ananda

Sector 81 Gurgaon

Bestech India Pvt. Ltd

Corona

Sector 37C Gurgaon

Corona Housing Pvt. Ltd

Exquisite Nirvana Country-II

Sector 71 Gurgaon

Unitech Developers Limited

Ireo Victory Valley

Sector 67 Gurgaon

Ireo

NINEX CITY

Sector 76 Gurgaon

Ninex Developers Limited

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