The Stamp and Registration Department has decided to give discounts during registration of flats from the fourth to the seventh floor.In order to boost the reality sector in Greater Noida and Noida, it has been decided to relieve the purchasers of flats/apartment by giving discounts during registration.
Any purchase of flat on the fourth floor will get 5% discount on the actual price. Similarly purchase on the fifth floor will earn 10% discount, sixth floor will get 15% and seventh floor will get 20% discount.All floors after the seventh will be given upto 20% discount. The purchasers will also get 20% discount on the purchase of stamp paper. “This discount can be availed only if the purchasers buy a flat or apartment as per the circle rate” said S.N Rai, Assistant General Manager, Stamp and Registration Department.The discount on buying at less than the circle rate will be decided on the basis of the circle rate itself.
The discount on buying at less than the circle rate will be decided on the basis of the circle rate itself. In such a scenario the registry will also be done on the circle rate itself. Then the stamp duty will be paid on the basis of the agreed sum between the buyer and the builder.Inspite of the fact that builders charge more money from the clients for choosing their own flat, this decision by the Stamp and Registration Department has been welcomed with open arms.