By Martin Shwenk Leade
Copyright indiatimes
Delhi government seeks suggestions from public on revision circle rate of land
The Delhi government has initiated the process to revise circle rates for land across the city and invited public suggestions, officials said on Wednesday. The rates, which were last updated in 2014, set the minimum property valuation for transactions in the capital, reported PTI.“The Government of NCT of Delhi is in the process of revising the circle rates (minimum property valuation rates) for various categories of properties across Delhi,” a circular issued on Wednesday by the revenue secretary cum divisional commissioner stated, according to The Times of India. The revision aims to align rates with prevailing market conditions and ensure transparency in property dealings.A senior government officer told TOI that public feedback has been sought within the next 15 days. “After receiving and analysing the public feedback, the government will come up with proposed revised circle rates and the entire process is expected to be completed in the next couple of months,” he said.The government has referred the public to earlier notifications — dated March 14, 2008, for Minimum Rates (Circle Rate) of Agricultural Land & River Bed Land and September 22, 2014, for valuation of lands and immovable properties — before submitting suggestions. Stakeholders including individuals, resident welfare associations (RWAs), industry bodies, and property owners can submit their inputs at “suggestionondelhicirclerates@gmail.com” within 15 days, the notification said.Live EventsThe revision process was initiated during the tenure of the previous Delhi government but was not completed despite sharp increases in market rates for landed property in the capital.Circle rates, which act as the minimum threshold for property sale registration, are currently based on eight categories of colonies (A-H) depending on civic infrastructure. These rates range from ₹7,74,000 per square metre for ‘A’ category areas to ₹23,280 per square metre for ‘H’ category localities. Other category rates include ₹2,45,520 per sq metre for ‘B’, ₹1,59,840 for ‘C’, ₹1,27,680 for ‘D’, ₹70,080 for ‘E’, ₹56,640 for ‘F’, and ₹46,200 for ‘G’.For public utility, industrial, and commercial land uses, circle rates are calculated using multiplying factors — 2 for public utility and industrial, and 3 for commercial purposes.Officials said agricultural land circle rates were last revised to ₹53 lakh per acre in 2008. In June this year, Delhi Chief Minister Rekha Gupta announced the formation of a committee headed by the divisional commissioner to review circle rates. The committee will prepare a report based on current market conditions and property values, which will form the basis for the revision, officials added.With inputs from PTIAdd as a Reliable and Trusted News Source Add Now!
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Read More News onDelhi government revise circle ratespublic feedback on circle rate revisionminimum property valuation rates in Delhicircle rate notification for property valuationrevision of circle rates in DelhiGovernment of NCT of Delhi
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(You can now subscribe to our Economic Times WhatsApp channel)Read More News onDelhi government revise circle ratespublic feedback on circle rate revisionminimum property valuation rates in Delhicircle rate notification for property valuationrevision of circle rates in DelhiGovernment of NCT of Delhi(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless
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