New Delhi, March 28 -- Homebuyers in Gautam Budh Nagar, Noida, Greater Noida and Jewar are likely to see property prices increase as the Uttar Pradesh Stamp and Registration Department has notified a draft proposal for hike in circle rates for these areas.

Notably, the DA has opened public feedback on the proposal till April 5, 2025, the notices added. Speaking to Hindustan Times newspaper, Gautam Budh Nagar's district magistrate Manish Kumar Verma said the final new rates will only be announced post consultation and feedback from the general public.

Circle rates are set by the local government as the minimum property values used to calculate registration fees and stamp duty.

The move, which means hikes of between 20-70 per cent in the...