139,174+ Members
   Get Started   Latest Posts Search Today's Posts Mark Forums Read
IREF® Real Estate in India - Property Discussion
IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Greater Noida > 120 Meter Buitup Houses in Sector-3
Like Tree2Likes

Reply
 
LinkBack Thread Tools Search this Thread
Old February 19 2013, 12:40 AM   #11
Senior Member
 
Join Date: Oct 2011
Posts: 646
Likes Received: 152
Likes Given: 17
Default

Quote:
Originally Posted by cookie View Post
Couldn't get...
If Market value is 30 lacs and Circle Rate is 40 lacs, you can get Registry at 30 lacs but will have to pay Duty on 40 lacs...

Cookie likes this.
 
Old February 19 2013, 12:55 AM   #12
Veteran Member
 
Johny123's Avatar
 
Join Date: Jan 2012
Location: IREF
Posts: 1,855
Likes Received: 480
Likes Given: 9
My Mood: Cheerful
Default

Quote:
Originally Posted by CA Rajeev View Post
NO... As i said Banks always Finance based on Cost (Transaction Value) or Market Value (As per their Valuers), whichever is lower...

Rajeev bhai Thanks
 
Old February 19 2013, 09:38 PM   #13
Veteran Member
 
rakesh_sahu's Avatar
 
Join Date: Sep 2011
Posts: 1,077
Likes Received: 68
Likes Given: 37
My Mood: Happy
Default

IMO, Market rate < Circle rate would be very rare....
120 sq m have been allotted over a period of 4-5 years in this area and value by authority is varying from 29L - 52.5L.

BTW, if you have influence on valuer, valuation can be in your favour....

Also, can someone highlight on the parameters used by valuers to arrive at value. I can guess is:
1. Cost of Land
2. Cost of Construciton
3. May be some market premium

Any other point(s)?

Quote:
Originally Posted by CA Rajeev View Post
NO... As i said Banks always Finance based on Cost (Transaction Value) or Market Value (As per their Valuers), whichever is lower...
 
Old March 19 2013, 08:43 PM   #14
Veteran Member
 
Johny123's Avatar
 
Join Date: Jan 2012
Location: IREF
Posts: 1,855
Likes Received: 480
Likes Given: 9
My Mood: Cheerful
Default

Quote:
Originally Posted by rakesh_sahu View Post
IMO, Market rate < Circle rate would be very rare....
120 sq m have been allotted over a period of 4-5 years in this area and value by authority is varying from 29L - 52.5L.

BTW, if you have influence on valuer, valuation can be in your favour....

Also, can someone highlight on the parameters used by valuers to arrive at value. I can guess is:
1. Cost of Land
2. Cost of Construciton
3. May be some market premium

Any other point(s)?

any idea if one can avail loan on these houses ??
 
Old April 16 2013, 09:43 PM   #15
New Member
 
Join Date: Mar 2013
Posts: 9
Likes Received: 5
Likes Given: 1
Default

Hi Friends,
I too have one unit allotted to me in this sector 120 sq mtr (130 sq Y)
Two bed, one living, one store room and two bathrooms.
I have paid around 36 lacs to authority.
This property will be loanable once registry opens, which is expected to happen by June, 13 or later. These houses are expandable up to three stories. Construction is not bad as it is done with a view that allottees will want to construct two more stories. They have left columns (pillers) and side walls are 9+9 inches. The location will be unbeatable once NOIDA Extension takes shape. I recently visited, and it was in much better shape compared to what it was 6 months ago. The stamp duty is payable only on circle rates no matter what is the final consideration between the seller and buyer. People with black and white issues should opt for sec 2 and sec 3 plots and these were bought at much less prices than built up houses. But do mind that without any infrastructure and no construction the price is more or less the same.

Regards,
 
Old April 17 2013, 12:22 AM   #16
Veteran Member
 
Johny123's Avatar
 
Join Date: Jan 2012
Location: IREF
Posts: 1,855
Likes Received: 480
Likes Given: 9
My Mood: Cheerful
Default

Quote:
Originally Posted by xsneeraj View Post
Hi Friends,
I too have one unit allotted to me in this sector 120 sq mtr (130 sq Y)
Two bed, one living, one store room and two bathrooms.
I have paid around 36 lacs to authority.
This property will be loanable once registry opens, which is expected to happen by June, 13 or later. These houses are expandable up to three stories. Construction is not bad as it is done with a view that allottees will want to construct two more stories. They have left columns (pillers) and side walls are 9+9 inches. The location will be unbeatable once NOIDA Extension takes shape. I recently visited, and it was in much better shape compared to what it was 6 months ago. The stamp duty is payable only on circle rates no matter what is the final consideration between the seller and buyer. People with black and white issues should opt for sec 2 and sec 3 plots and these were bought at much less prices than built up houses. But do mind that without any infrastructure and no construction the price is more or less the same.

Regards,

i am not sure whether you have paid this much to authority.. i believe that this should be somewhere 20l
 
Old April 19 2013, 07:58 PM   #17
New Member
 
Join Date: Mar 2013
Posts: 9
Likes Received: 5
Likes Given: 1
Default

Quote:
Originally Posted by Johny123 View Post
i am not sure whether you have paid this much to authority.. i believe that this should be somewhere 20l
I know and I am sure because I have paid (I did count before I paid to GNOIDA ). I also know many others who have paid.
 
Old April 19 2013, 08:35 PM   #18
Ex-Moderator
 
fritolay_ps's Avatar
 
Join Date: Mar 2010
Location: Singapore
Posts: 12,665
Likes Received: 1653
Likes Given: 765
My Mood: Amused
Default

Cash down allotment price was 30 lakh and 5 year installment price is almost 36 lakh with 14% interest.

So those who have opted cash down, they paid only 30 lakh
 
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Join IREF Now!    
Related Threads
Built UP Houses Sector XU-II Greater Noida
Status of 45 Meter 6-Lane INNER Sector Connecting Road in RNE
Greater Noida XU1 authority plot 120 meter or sector 8x-9x 2bk in ggn
Built UP EWS Houses Sector XU-III Greater Noida
Built UP Houses Sector XU-II Greater Noida


Tags
120, buitup, houses, meter, sector3
".Greater Noida.", ".Uttar Pradesh."India