Now, with the hikes in the registration fee and reckoner rates, flats sales are bound to see a dip in 2010 - Satish Magar

However, District Collector Chandrakant Dalvi rejects the charge that the decision to increase Ready Reckoner Rates would escalate the property prices!

President of Confederation of Real Estate Developers Associations of India (CREDAI) Pune:

"Hike in RRR coincides with hike in stamp duty. This is certainly unwarranted. This raise will now increase the prices of property by Rs 50-60 per sq ft. This will escalate property prices and take the costs higher"

District Collector:

"We have made a survey of prevailing property prices in all the zones and sub-zones of the city. In our observation, it has been found that the actual prices are much higher than what has been stated in the reckoner. The developers should not be worrying so much"

To read more, please, visit Sakaal Times

Related Stories:

1) Sunday, January 3, 2010
Soon, property registration till 10 pm!

2) Saturday, January 2, 2010
Property in Maharashtra to cost more with new ready reckoner

3) Saturday, December 26, 2009
From January 2010, you may have to pay more stamp duty and registration charges

Property buyers in Pune and Pimpri-Chinchwad, as well as in Pune district, Happy New Year!

4) Wednesday, November 18, 2009
Now, you have to pay flat 1 % registration charges!

Narayan Rane lifts the stay and cancels the maximum cap of Rs30,000

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