due to
demonetization, there was a dip in real estate prices in many cities and the
property was sold at prices lesser than circle rates.
circle rate
is the government-determined price at which the asset is registered while
transferring it to another person. these rates
undergo revision periodically and are fixed by the state governments. they act
as an indicator of property price in a particular area.
circle rate is govt rate at which registration fee
will be paid but property can be bought up to a max of 5% lower than that for
capital gains tax or income tax purposes.
this measure
will help buyers and sellers who are buying and selling properties at lesser
than market rates.
https://propertyadviser.in,
the real estate portal, keeps you abreast of the latest news in real estate
industry in hyderabad.