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Residents rejoice as transfer charges on resale of property halved in Noida

“We have reduced the TM fee in order to provide relief to residents and those who want to buy a property in this industrial town,” said Sanjiv Mittal, chairman of the Noida authority, after the board meeting held at the authority’s main administrative building in Sector 6. In a resale property transaction, the Noida authority at present charges 5% of total flat/plot cost as per the prevailing allotment rate as transfer fee.

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