Ghaziabad admin to decide circle rates on August 4 | noida | Hindustan Times
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Ghaziabad admin to decide circle rates on August 4

Officials said that the objections are fewer in number than last year’s and attributed it to their decision to not revise the rates. Saturday was the last day for submitting objections.

noida Updated: Jul 29, 2017 22:08 IST
Peeyush Khandelwal
According to officials of the stamps department, the majority of objections have been submitted by farmers who have requested for a hike in circle rates in their areas. Some private developers have requested the administration not to hike the rates.
According to officials of the stamps department, the majority of objections have been submitted by farmers who have requested for a hike in circle rates in their areas. Some private developers have requested the administration not to hike the rates.(Sakib Ali/HT Photo)

Officials of the Ghaziabad district administration said they received only around 15 objections to their proposal to not hike circle rates for the 2016/17 fiscal. The circle rates will come into effect on August 8 after objections are disposed of on August 4 in a meeting between officials and stakeholders.

Officials said that the objections are much fewer in number than last year’s and attributed it to their decision to not revise the rates. Saturday was the last day for submitting objections.

According to officials of the stamps department, the majority of objections have been submitted by farmers who have requested for a hike in circle rates in their areas. Some private developers have requested the administration not to hike the rates.

“The farmers who have submitted objections are those whose land may be acquired. So they are requesting for a hike to get a better land compensation. Since there is a slump in the realty market, private developers have requested that there be no hike. A final decision will be taken on August 4, in the meeting,” said ML Patel, assistant inspector general (AIG - stamps).

“We have proposed no hike in rates this year, as our target for the year is similar to that of the last financial year. In localities where some areas have different rates, there will be rate correction for uniformity,” Patel said.

The department was set a target of Rs1,670.7 crore for 2016/17 fiscal, but it could achieve only Rs1,014.45 crore. In 2015/16, the department brought in a revenue of Rs970.69 crore against a target of Rs1,540.7 crore.

In 2015/16, a majority of the revenue was generated from execution of sale deeds — 67,622 — which went down to 59,534 in 2016/17.

Officials said that circle rates for properties that are under investigation will be rolled back to the rates of August 2016. The investigation pertains to allegations of corruption and malpractice in deciding circle rates to favour some parties by former AIG (stamps), Rajesh Sharma, who is currently suspended. A state-level committee is probing the circle rates during Sharma’s tenure.