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120 Meter Buitup Houses in Sector-3
February 19 2013 , 12:40 AM   #11
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Quote:
Originally Posted by cookie
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.
February 19 2013 , 12:55 AM   #12
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Quote:
Originally Posted by CA Rajeev
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
February 19 2013 , 09:38 PM   #13
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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
NO... As i said Banks always Finance based on Cost (Transaction Value) or Market Value (As per their Valuers), whichever is lower...
March 19 2013 , 08:43 PM   #14
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Quote:
Originally Posted by rakesh_sahu
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 ??
April 16 2013 , 09:43 PM   #15
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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,
April 17 2013 , 12:22 AM   #16
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Quote:
Originally Posted by xsneeraj
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
April 19 2013 , 07:58 PM   #17
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Quote:
Originally Posted by Johny123
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.
April 19 2013 , 08:35 PM   #18
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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
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