The Delhi Cabinet held off its decision to revise the circle rates for sale and purchase of properties in the Capital. Giving reason, it said there were differences in the categories under its purview and that of the Municipal Corporation of Delhi (MCD).
It has now set up a committee to look into the issue. The revenue department sought the cabinet’s approval for a proposal to revise the procedure for calculating circle rates — the minimum price at which a property can be sold in Delhi.
“There are some nitty-gritty’s which are yet to be fine-tuned. Finance Minister A.K. Walia and I will soon discuss the issue, along with the officials concerned to ensure that there is uniformity in the categories and rates of MCD with ours,” Revenue Minister Rajkumar Chauhan said.
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