New Delhi Circle Rates | Property Rates Increased in Delhi With Circle Rates

House tax | Property tax | Circle rates | Circle rates in delhi


NEW DELHI - The decision to hike circle rates for sale and purchase of properties in the capital that was deferred till June 14 after the Delhi cabinet Monday formed a committee to clear differences on the issue.

The cabinet has increased the minimum circle rate for valuation of land for residential use -- for 2,480 colonies will vary from Rs.9,000 to Rs.125,000 per sq m.

Rates for posh colonies like Defence Colony, Friends Colony, Greater Kailash, Green Park, Nehru Place, Sunder Nagar, Vasant Kunj will be Rs.125,000 per sq m, while in the case of villages and certain other colonies it will be Rs.9,000 per sq m.

There are eight categories for colonies in the capital — A, B, C, D, E, F, G and H.

resently, the minimum rate for valuation of land for residential use is Rs.43,000 per sq metre for category A, while it is Rs.34,100 per sq m for category B. For Category C, it is Rs.27,300 per sq m; Category D - Rs.21,800 per sq m; Category E - Rs.18,400 per sq m; Category F - Rs.16,100 per sq m; Category G - Rs.13,700 per sq m and Category H - Rs.6,900 per sq m.

The circle rates were first introduced in Delhi in 2007 and were notified under the provisions of The Delhi Stamp (Prevention of Undervaluation of Instruments) Rules 2007 on July 18, 2007. The rates were then notified to simplify the assessment of stamp duty and bring in transparency, simplicity and efficiency in the process of registration, besides better realization of stamp duty.