Overview

• The Revenue Department issued an October 1 circular formally starting a review of minimum property valuation rates after roughly a decade without substantive updates.
• Stakeholders have 15 days to email suggestions to [email protected], with inputs invited from residents, RWAs, industry bodies and property owners.
• Formed in June on Chief Minister Rekha Gupta’s direction, the committee chaired by the divisional commissioner will base recommendations on market data and property values.
• A government–industry task force reported that Delhi’s circle rates are frequently higher than Gurugram and Noida, and in some cases even Mumbai, highlighting inconsistencies.
• Officials said proposed revised rates will follow analysis of public feedback, with the exercise expected to conclude within the next few months.