Delhi govt plans to extend 20% discount on circle rates for another 6 months

Updated on Jun 23, 2022 02:40 AM IST
On February 5, 2021, the Delhi government had reduced circle rates for all categories of properties-- residential, commercial and industrial-- by 20% till September 30, 2021.
A view of the high rise buildings in the backdrop of under construction flyover on Dwarka Expressway in Gurugram, India. (Photo by Vipin Kumar / Hindustan Times)(Vipin Kumar /HT PHOTO)
A view of the high rise buildings in the backdrop of under construction flyover on Dwarka Expressway in Gurugram, India. (Photo by Vipin Kumar / Hindustan Times)(Vipin Kumar /HT PHOTO)
By, New Delhi

The Delhi government is planning to extend the 20% discount offered on circle rates of properties in the national Capital for six more months, officials said on Wednesday.

On February 5, 2021, the Delhi government had reduced circle rates for all categories of properties-- residential, commercial and industrial-- by 20% till September 30, 2021. The government’s decision was aimed at boosting the economy in the national Capital after it came to a standstill during the Covid-19 pandemic-induced lockdown. Since September 2021, the relaxation has been extended several times and the current extension is valid till June 30, 2022.

“A proposal is being sent to chief minister (CM) Arvind Kejriwal and lieutenant governor (LG) Vinai Kumar Saxena to extend the 20% discount on circle rates for six more months.,” Delhi’s revenue minister Kailash Gahlot said.

If approved by the CM and the LG, the discount on the circle rates will continue till December 31, 2022.

In case the chief minister or the LG disapproves of the proposal, the decision will affect the process of buying a property--and hike up the registration fee.

Circle rates in each state vary and are revised from time to time, depending on supply, demand and other development indicators pertaining to the areas concerned.

Delhi has eight categories of localities – from A to H – with Category A the most affluent, and Category H the most economically weak. Neighbourhoods such as Golf Links, Vasant Vihar and Jor Bagh are part of Category A, while localities such as Greater Kailash, Defence Colony and Safdarjung Enclave are part of Category B.

Tagore Garden and Subhash Nagar are part of Category C, while categories D and E mostly comprise localities that were notified as regularised in the past, some old areas where low-income and mid-income flats were developed and resettlement colonies.

Categories F, G and H comprise mostly unauthorised colonies where residents recently got the opportunity – through a central government scheme – to get their properties registered.

SHARE THIS ARTICLE ON
  • ABOUT THE AUTHOR

    Sweta Goswami writes on urban development, transport, energy and social welfare in Delhi. She prefers to be called a storyteller and has given voice to several human interest stories. She is currently cutting her teeth on multimedia storytelling.

Close Story
QUICKREADS

Less time to read?

Try Quickreads

  • Minsiter Narottam Mishra said that the convicts serving jail term for serious crimes such as rape will not be released.

    Madhya Pradesh to release 356 prisoners on 75 years of independence

    The Madhya Pradesh government on Tuesday said it will release 356 prisoners undergoing life imprisonment in various jails in the state on August 15 to commemorate 75 years of India's independence. Speaking to reporters, state Home Minister Narottam Mishra said prisoners undergoing life imprisonment will be released from jails as per the guidelines issued by the Union home ministry and norms of the state government.

  • According to the agency, the duo had been apprehended from Eintkhedi locality of Bhopal on Sunday in the case relating to the arrest of six active cadres of the JMB.

    MP: NIA nabs two more JMB suspects from Bhopal

    The National Investigation Agency has arrested two alleged members of the banned Jamaat-ul-Mujahideen Bangladesh from Madhya Pradesh's Bhopal city, state Home Minister Narottam Mishra said on Tuesday. The suspects, Hamidullah aka Raju Gaji and Sahadat Hussain, had been on the radar after the arrest of active JMB members in March this year, Mishra told reporters. The probe agency had recovered objectionable material from the duo's possession, he said.

  • Here are the 8 best places around Bengaluru to visit on this long weekend 

    Here's a list of the best getaways around Bengaluru for this long weekend

    Here are the best vacation options for you this upcoming weekend. Nandi Hills - whether you want to relax and watch low-lying clouds at the top of the hill, or go for a trekking and camping experience filled with adventure, this is the right place for you. Nandi Hills are open all days of the week from 6 a.m. to 6 p.m. and are located an ideal 60 kilometres away from Bengaluru city.

  • Yogi Adityanath (HT PHOTO)

    Case registered over threat to UP chief minister Yogi Adityanath

    The Uttar Pradesh Police on Tuesday registered a case over a threat to assassinate chief minister Yogi Adityanath, people aware of the matter said. According to the First Information Report (FIR) filed in the case, the threat was received on August 2 on emergency response system Dial 112's WhatsApp number around 7.23pm. A local police officer, Shailendra Giri, said a probe is on and a special team is trying to trace the sender.

  • Representational image.

    Chhattisgarh: Minor kills parents as sacrifice to cure his mentally-ill brother

    Two people fell prey to black magic in Chhattisgarh after a 17-year-old boy allegedly killed his parents in connivance with his relatives in Jashpur district by offering them in sacrifice at the behest of a 'tantric' (shaman) to cure his mentally-ill elder brother, the police said on Tuesday. Raigarh superintendent of police Abhishek Meena said the bodies were recovered on August 1 in Nadigaon village, which comes under the Sariya police station limits.

SHARE
Story Saved
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, August 09, 2022
Start 15 Days Free Trial Subscribe Now