Updated On: 16 December, 2012 08:27 AM IST | | Varun Singh
Experts say next year's ready reckoner rates, some increasing as much as 25 per cent, will lead to a definite rise in realty prices
Get ready to pay more next year to register your house. The ready reckoner rates for the state, which will be declared on January 1, will be 25 per cent higher at most locations as compared to last year’s rate.
Ready reckoner rates are those on which, a flat buyer has to pay five per cent stamp duty that is applicable while registering a flat. According to sources, there were hardly any deals and sales that took place in 2012, the stamp duty office has still decided to hike the ready reckoner prices.