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Fee deduction for secondary asset transfer. Noida News – Times of India

Noida: Families want to buy secondary market property In Noida, only 50 percent of the transfer charge will have to be paid from Friday. NS Noida Authority Issued an order on Thursday, which reduced asset transfer fee From 5% to 2.5% a day after the minutes of 24 September board meeting was approved by the State Government.
Although the authority had announced that it would reduce the asset transfer fee to 2.5% after holding its board meeting, buyers Waiting for the official announcement to enter the secondary market.
Now, applicants have to pay half the amount to get the transfer memorandum letter. To formalize the process applicants will have to pay 2.5% of the prevailing land premium of the area.
Shefali Malhotra, a Sector 51 resident who is living on rent, said, “I wanted to buy a flat but decided to wait till the transfer charges come down for resale of properties.”
A senior official of the authority said that finance department The approval of the minutes was awaited and the order would be effective from October 8.

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