Noida Authority halves transfer charges on property purchase, right time to buy home?

© Provided by Zee News

New Delhi: The Noida Authority has reduced the transfer charges on the purchase of a new property by 50%. With the latest revision, the transfer charge/fee on the purchase of a new property in the residential category, which includes plots and flats, has been reduced to 2.5% from 5%. 

The decision to slash the transfer charges was taken by the Noida Authority in its 203rd board meeting held on Friday, September 25. The step has come after the Uttar Pradesh government recently ordered the authority to slash the charges to boost the sales of residential category properties. 

For those uninitiated, the transfer charge is one of the fees that a buyer needs to pay to the authority at the time of registry of the resale plots or flats. The new transfer charges will be applicable on all the properties allotted after 2011 by the authority. 

The cutting down of transfer charges on the registry will also make buying resale flats and plots more affordable than ever. After the end of the board meeting, the Chairman of Noida Authority Sanjiv Mittal said that the department has reduced the TM fee to provide relief to residents and those who want to buy a property in the industrial town. 

How do transfer charges work? 

Transfer charges are levied at the time of the registry of a resale property. Previously, buyers had to pay transfer charges at a 5% rate. This means that if a buyer is buying a property for Rs 10 lakh, then Rs 50,000 will be charged as transfer charges. Also Read: 7th Pay Commission: Uttarakhand hikes dearness allowance for government employees by 11%

However, with the latest revision in the charges, buyers will have to pay 2.5% of the property price as transfer charges. In the above-mentioned scenario, transfer charges will now come down to Rs 25,000. Also Read: HCL First Careers Program: Here’s how freshers can get assured jobs at IT firm

Internet Explorer Channel Network
News Related


Kareena Kapoor Khan nails her Saturday look in a shirt and striped pants as she's off to work; PHOTOS

Time and again, it has been proved that Kareena Kapoor Khan is among the stars who can nail any ouftit like a pro. Be it a casual and off duty ... Read more »

Prabhas Birthday Special: From Darling of Tollywood to Pan Indian star, journey of the actor

© Provided by Pinkvilla Prabhas is one such actor from the South who has managed to touch the souls of everyone regardless of where they originate from in the world. ... Read more »

Ryan Gosling in talks to play Ken opposite Margot Robbie's 'Barbie'

© IANS Ryan Gosling(photo: Los Angeles, Oct 23 (IANS) Actress Margot Robbie’s ‘Barbie’ has seemingly found her Ken in actor Ryan Gosling. The two-time Oscar-nominee is in final talks to ... Read more »

UK Budget 2021: Rishi Sunak pressured to restore universal credit uplift with calls for Christmas bonus hike

The Chancellor Rishi Sunak is being pressured to reinstate the £20 universal credit uplift at next week’s budget, with opposition parties calling its withdrawal “shameful and needless”. There are also ... Read more »

Budget 2021: Rishi Sunak faces big questions over taxes, minimum wage and cost of living

Rishi Sunak’s Budget and spending review on Monday is a crucial moment for the Government, intended to set a new course for the future as Britain emerges from the Covid-19 ... Read more »

From 'Sesame Street' to 'Alma's Way': How Sonia Manzano continues to break ground and elevate Latino stories on US television

After 44 years as the loveable Maria on Sesame Street, Sonia Manzano thought she was finally ready to move to a quieter, non-puppet inhabited neighborhood where she could spend her ... Read more »

Semenanjung Damai bakal jadi tarikan utama pelancong ke Sarawak

© Provided by Sinar Harian KUCHING – Kisah lagenda Puteri Santubong dan Puteri Sejinjang yang begitu sinonim dengan Sarawak merangkumi segala ramuan yang tepat untuk menjayakan sesebuah sinetron, drama, mahupun ... Read more »

Perlis capai 96.67 peratus banci penduduk: DOSM

© Provided by Sinar Harian KANGAR – Perlis telah mencapai kadar 96.67 peratus pelaksanaan bancian menerusi Banci Penduduk dan Perumahan Malaysia 2020 (Banci 2020) setakat ini. Pengarah Jabatan Perangkaan negeri, ... Read more »

Rasuah jadi ikutan generasi muda jika tidak dibendung

© Provided by Sinar Harian SHAH ALAM – Jenayah rasuah menjadi satu budaya normalisasi untuk generasi muda yang akan menjadi pemimpin pada masa akan datang sekiranya tidak segera dibendung. Pengerusi ... Read more »

Market recap: Nearly 100 smallcap stocks fall 10-22%

© Rakesh Patil Market recap: Nearly 100 smallcap stocks fall 10-22% Market lost the two-week gaining momentum and ended lower amid volatility despite hitting fresh record highs, dragged by selling ... Read more »

WhatsApp unveils in-app stickers for payments: Here's how to use it

© Provided by Zee News New Delhi: WhatsApp users have been able to share stickers with their friends and family members to express their ideas during conversations for quite some ... Read more »

5 best premium phones to buy this Diwali: iPhone 13 if you can find it, OnePlus 9 Pro if you want value

Most smartphone buyers go for the pocket-friendly options available in the market for their personal needs. Why not? After all, budget smartphones today are equipped with almost all the features ... Read more »

Auto dealer body appeals to Narayan Rane to get Heavy Industries Ministry to fix Ford issue

© Swaraj Baggonkar Auto dealer body appeals to Narayan Rane to get Heavy Industries Ministry to fix Ford issue The apex body of automobile dealers in India has approached the ... Read more »

WhatsApp violates users' rights by denying dispute resolution: Centre

© Provided by The Statesman WhatsApp violates users’ rights by denying dispute resolution: Centre The Centre on Friday told the Delhi High Court that WhatsApp has already violated the fundamental ... Read more »

Fuel prices hiked again, diesel past Rs 100 in Chennai

© Provided by Business Today Fuel prices hiked again, diesel past Rs 100 in Chennai Petrol and diesel prices touched an all-time high across the country on Saturday after fuel ... Read more »

Indian Engineering Students Built AI Tools To Better Fight Covid-19 In Rural India

© Provided by Indiatimes Students from India’s GH Raisoni College Of Engineering in Nagpur, Maharashtra recently created an AI-based online platform to store and generate user-specific information to strengthen India’s ... Read more »

Robredo supporters go land and sea for #LeniKiko2022

SUPPORTERS of presidential candidate and Vice President Maria Leonor “Leni” Robredo staged a caravan on land and sea nationwide on Saturday. The Tropa ng Pagasa: The National Proclamation Motorcade for ... Read more »

Jetzt droht ein Militärputsch

Im Sudan rückt die Gefahr näher, dass die Armee die Macht ergreift. Dagegen demonstrieren Hunderttausende. © Foto: Mohammed Abu Obaid (Keystone) Chaos auf den Strassen Khartums: Ein Mann demonstriert für ... Read more »

UAE weather: Expect cloudy skies, humid night

© Provided by Khaleej Times UAE weather: Expect cloudy skies, humid night Residents can expect skies to be fair to partly cloudy in general on Saturday. According to the National ... Read more »

PRN Melaka: PN tanding semua kerusi, apa pendirian PAS, soal Puad

© Provided by Free Malaysia Today Ahli Majlis Kerja Tertinggi (MKT) Umno, Puad Zarkashi, berkata Bersatu kali ini sudah tentu banyak bergantung kepada jentera PAS yang lebih lama bertapak di ... Read more »

'They have six-hitters and batters from No. 1 to 10': Raina names 3 teams that will pose big 'threat' to India at T20 WC

Despite a dodgy record in the knockouts of ICC tournaments, India start as one of the favourites to win the T20 World Cup, but former batter Suresh Raina reckons there ... Read more »

Junior hockey World Cup: Quarantine exemption for visiting teams

© Provided by The Times of India NEW DELHI: Teams arriving in India for next month’s FIH men’s junior hockey World Cup will be exempted from quarantine, the country’s Ministry ... Read more »

Beachside House in Maha's Alibaug Goes for Sale at Rs 80 Crore; Report Says Property Rates Surged After Covid

© Provided by News18 Beachside House in Maha’s Alibaug Goes for Sale at Rs 80 Crore; Report Says Property Rates Surged After Covid Property rates across Mumbai harbour have soared ... Read more »

JEE Advanced AAT Result 2021 declared, direct link to check here

Indian Institute of Technology, Kharagpur has declared JEE Advanced AAT Result 2021. Candidates who have appeared for Architecture Aptitude Test can check the result through the official site of JEE ... Read more »

Patwari Recruitment Exam 2021: Internet suspended in Bikaner; Facebook, Twitter down

Patwari Recruitment Exam 2021: In order to pre-empt any disturbance of the peace or attempts to affect the results of the exam through cheating, authorities in Rajasthan have taken a ... Read more »

'If you don't perform with big names, you lose a lot': Kapil Dev says pressure more on India than Pakistan in T20 WC tie

Team India will take on arch-rivals Pakistan in their opening game of the 2021 T20 World Cup on October 24. One of the fiercest rivalries in cricket history gains further ... Read more »

Vidarbha's Danish Malewar and Mohd. Faiz for U-19 Challenger Trophy

© Provided by The Times of India NAGPUR: Vidarbha’s key under-19 batsmen – opener Mohd. Faiz and middle-order batsman Danish Malewar – have been selected for the Under-19 Challenger Trophy ... Read more »

India witnesses slight increase in daily COVID-19 count and deaths, reports 16,326 new cases, 666 fatalities

© Provided by Zee News New Delhi: With a slight rise in daily COVID-19 cases, India reported 16,326 fresh COVID-19 cases in the last 24 hours, as per Union Health ... Read more »

NHL Rink Wrap: Sabres lose, but Sharks stay undefeated

© Provided by NBC Sports Top player from Friday in the NHL Logan Couture, Sharks Plenty of Sharks players absorb blame for the past couple seasons of futility. Unless you ... Read more »

Red Sox run out of fight, fall to Astros in ALCS Game 6

HOUSTON (AP) — Backs against the wall — occasionally by their own doing — these Boston Red Sox proved hard to pin down. © Provided by The Canadian Press The ... Read more »

Chris Paul reaches 20,000 points, Suns beat Lakers 115-105

LOS ANGELES (AP) — Chris Paul scored his 20,000th career point on the way to 23 points and 14 assists, and Devin Booker added 14 points in the Phoenix Suns’ ... Read more »

Situasi naik turun Covid-19 di seluruh dunia

© Provided by MalaysiaNow Selepas dua bulan keadaan bertambah baik, situasi wabak Covid-19 minggu ini kembali bertukar buruk semula di seluruh dunia, ditambah pula keadaan yang makin merosot di Eropah ... Read more »

5 ethnic looks of birthday girl Malaika Arora that prove she is a style icon

Bollywood diva Malaika Arora is a style icon, and there’s no denying that. From bespoke lehenga sets and embroidered sarees to red-carpet-worthy gowns, there’s nothing that the star cannot wear. ... Read more »

Karwa Chauth 2021: Tara Sutaria to Alia Bhatt, 6 celeb approved hairstyles to look your best self

Karwa Chauth is a festival that falls 10 days after Dussehra where married women pray for the long life and well-being of their husbands by fasting. It is celebrated tomorrow ... Read more »

Capital gains tax may more than DOUBLE in Wednesday's Budget. Take action NOW

There is growing speculation that Sunak will hike capital gains tax (CGT) in a bid to raise funds to cover Covid bailouts and plug the deficit. Tens of thousands could ... Read more »

This is how you can get a manicure on Victoria's Secret bright pink bus in Edinburgh

Let us know what you think and join the conversation at the bottom of this article. © Victoria’s Secret bright pink bus has come to Edinburgh. The bus is being ... Read more »

On Aljur -Kylie controversy – a relationship that has gone awry

The post of Aljur Abrenica in his official Facebook Page asking his ex-wife Kylie Padilla to tell truth as to who really cheated first was hot topic. The long post ... Read more »

Eleazar hails arrest of mayoral bet

PHILIPPINE National Police (PNP) chief Gen. Guillermo Lorenzo Eleazar on Friday lauded the arrest of a political aspirant in Midsayap, North Cotabato who was allegedly involved in the trade of ... Read more »

PhilHealth to refund P320M claims this Oct

MORE than P320 million in claims from private hospitals in General Santos City will be released by the end of October, according to PhilHealth. Nol Valila, head of PhilHealth-Local Health ... Read more »

Duterte to return coco levy to farmers

SEN. Christopher Lawrence “Bong” Go commended President Rodrigo Duterte for fulfilling his campaign promise to return the coconut levy fund to the nation’s coconut farmers during a meeting by the ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic