The Noida Authority recently mandated that registration of flats should be on the basis of their carpet area. The move may bring much-needed relief to homebuyers who had demanded that registration of apartments should not be determined by their super area, which allowed some developers to escalate the cost of a flat. However, to get the benefit of stamp duty calculation on the basis of carpet area, the state government must issue a notification, legal experts told Moneycontrol.
What is the new rule?
The new rule mandates the registration of flats on the basis of their carpet area instead of super area.