ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Setting Circle Rates for Urban Property Transactions

Circle rates are becoming the norm in most states so as to curb under-reporting of prices and also reduce the extent of unrecorded transactions in realty markets. However, to ensure that circle rates are updated and maintained in a fair manner government authorities must follow a scientific method to determine rates without causing arbitrary changes in the market.

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