The district administration has revised circle rates in the city, and increased land registration fee for immovable properties in Wazirabad, Badshapur, Kadipur and Harsuru sub tehsils. The new rates will be applicable from October 19. This is the second time that the administration has revised the circle rates in the city this fiscal The circle rates were earlier revised in April.
The new rates are at least 10-25% higher than the previous financial year (2017-18). For instance, the circle rates in Sector 29 was Rs 9,000 per sq ft for commercial properties in the last fiscal. The same has been revised to Rs 12,000 per sq ft. For plots in licences colonies of DLF I and Sushant Lok 1, the rates for residential plots was Rs 65,000 per sq yard. The same has been revised to Rs 77,000 per sq yard. In case of multi-storey group housing societies, the rates have been revised from Rs 4,700 per sq ft to Rs 5,500 per sq ft. However, agricultural land will be spared, barring those in Tikli village.
A senior administrative official that there was no fixed bracket for the new rates, and the increase had been made as per the demand for land and properties in a particular area. The revised rates are applicable on both commercial and residential properties.
The move is being termed significant, considering the fact that parts of Delhi-Gurugram Expressway, Dwarka Expressway and Gurugram-Alwar Expressway come under the jurisdiction of these sub tehsils, where revised rates will be applicable.
The circle rates of land up to two acres from these three expressways will be hiked by 25%, while those falling on major state and district highways will be increased by 10%. For residential plotted colonies, the new rates are three times higher than that of agriculture land, while for residential group housing plots, the revised rates are four times higher than that of agriculture land. For commercial properties, the revised rates are around five times higher than the collector rates of agricultural land.
The state government has also decided to increase the land transaction fee across Haryana. Sources said the authorities could even charge up to Rs 50,000 for the registration of immovable properties, besides charging separately for stamp duty for non-testamentary documents. “Property owners have been given time till October 5 to register their objections on the revised collector rates. They can contact the district revenue officer to raise their grievances,” said Vijay Yadav, district revenue officer, Gurugram.
Content source: https://timesofindia.indiatimes.com/city/gurgaon/circle-rates-revised-for-2nd-time-this-fiscal/articleshow/66000964.cms