It is our endeavor to bring before you, accurate details on incidental expenditure you will incur on property transactions. We hope this will serve to give you a true indicator of the different issues involved in such deals and help you make an optimal choice.

On purchase of property the government has imposed stamp duty charges. Additional to that, with Greater Noida Authority, transfer charges are applicable, the figures are mentioned below.

Greater Noida Authority Circle Rates :

Alpha ,Beta ,Gamma, Swarn Nagri, P III, Delta            Rs. 17000/- per sqmtr
Sigma , Chi-Phi, Sector 36 / 37, Eta                             Rs. 14000/- per sqmtr
Omaxe  NRI city                                                           Rs. 20000/- per sqm
Ansal  Golf Links I                                                        Rs. 18000/- per sqm
5 or 6 % land allotted to farmers                                Rs. 9000/- per sqmtr
Constructed portion of house                                     Rs. 7500/- per sqmtr 

TRANSFER  OF  PLOT

Computerized, Legal transfer of Residential plot against buyer’s name Greater Noida Authority office :

• Valid only on Transfer Form issued by Greater Noida Authority for Rs.100/-.
• Transfer Charges for Plot:-

1. Rs. 525/- per sqmtr.
2. Plan Processing  Fee                   -  Rs. 1000/-
3. Documentation/ attestations/ Advocate expenses.

Transfer charges for Apartments :

NRI city , Parsvnath, Eldeco                                      Rs. 76 /- per sqmtr
Flats with area less than 90 sqm                              Rs. 38 /- per sqmtr
Uppal Chadha PLUMERIA                                          Rs. 25 /- ; Rs. 35 /- per sqft
Unitech                                                                     Rs. 45 /- per sqft

Transfer Documents to be attached for submission to GNIDA along with :

• No Dues Certificate to be obtained by Greater Noida Authority office.
• Bank receipt of Transfer charges deposited.
• Affidavits & Undertakings duly signed by both the parties.

Any plot that you purchase is already first registered in the  Alottees’s name with one time Lease Rent ( for 99 years ) & Ramp charges ( water, sewage, electric one time charges ) already deposited with the Authority.
If these charges are not paid or the plot is not initial registered , these expenses will be borne by the Seller. The Buyer will bear the Transfer & Registration of Plot charges.

REGISTRATION  OF  PLOT

• Stamp Duty @ 5 % of Circle Rate.
• Court Fees  Rs. 5100/-
• Documentation/ attestations/ Advocate expenses .

Non construction Penalty:

               Delta, Sec 37 (Rho), P III     -- Rs.315,Rs. 472, Rs.531, Rs.1050 per sqmtr upto 31 Dec.2008
               Swarn Nagri                         --  315 per sqmtr upto Nov. 2008
               Sigma                                   --  4%, 6%, 8% of allotment rate.
               Chi-Phi                                 --  4% penalty of allotment rate to start from June 2009
               Eta, Omicron                         --  No penalty for next 1 year.

U.P.S.I.D.C. Industrial plots

Site V                                         Rs. 5000/-
Site B, C                                     Rs. 4500/-
Site ‘C’ ( Residential )                 Rs. 7150/-

Henry Ford once said that "When you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person."