Gurgaon: An increase in the Gurgaon circle rates since April 1 has caused property rates to be substantially hiked. Circle rates are the minimum cost at which properties can be bought or sold. These rates are declared by the government of India so that buyers or sellers cannot cheat on stamp duty by showing lower values of property. No changes have been brought about in the stamp duty rates on land or property with area less than 1,000 sq yard. It will be considered as residential land during stamp duty collection. But a higher circle rate means that buyers have to pay more for property registration.On April 1 Deputy Commissioner PC Meena declared that property rates will be hiked by 15%. This means that commercial, residential, industrial, agricultural and institutional all types of lands and plots will come to cost much more in the financial year 2013-14. In this particular year there will be a 20% increase in land values of up to two acres of land adjacent to the Northern Peripheral Road (Dwarka Express) and NH 8. A 10% increase in land values of up to 2 acres of land will be registered in the Gurgaon-Sohna Road and Gurgaon-Pataudi Road.Prices of residential plots under Sushat Lok Phase 1 and DLF City Phase 1 had been hiked from Rs 65,000 per sq yard to Rs 70,000 per sq yard. Rates for commercial plots had climbed from Rs 135,000 per sq yard to Rs 150,000 per sq yard. займ на карту без отказов круглосуточновзять кредит онлайн