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Buying and selling of property has become expensive in the capital from Friday. The Delhi government has decided to do away with the 20% discount on circle rates. This decision has been taken in view of the decreasing effect of Corona and economic recovery.
The Delhi government started giving exemptions in February 2021 to help the people affected by Corona and bring the economy back on track, which was extended till June 30 last December. According to officials of the Revenue Department, the properties are divided into eight categories from A to H. Under the exemption, the existing circle rate of land was reduced to Rs 6.19 lakh from Rs 7.74 lakh per square meter in A category areas.
2014 rates will be applicable from today
In the notified categories in the year 2014, the circle rate is Rs 7.74 lakh for A, 2.46 lakh for B, 1.60 lakh for C, 1.28 lakh for D, 70,080 for E, 56,640 for F, 46,200 for G and Rs 23,280 for H. square meter.
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