Overview

• The revenue department issued a public notice on October 1 inviting feedback within 15 days at suggestionondelhicirclerates@gmail.com.
• A committee chaired by the divisional commissioner, formed in June under Chief Minister Rekha Gupta, will analyse submissions and propose new rates.
• Officials say the exercise aims to align notified valuations with prevailing market prices to improve transparency in property transactions.
• Delhi’s framework classifies colonies from A to H with current rates ranging from Rs 7,74,000 per sq metre in ‘A’ areas to Rs 23,280 in ‘H’, with multiplying factors of 2 for public utility or industrial and 3 for commercial use.
• Circle rates were last updated in 2014 for properties and in 2008 for agricultural land at Rs 53 lakh per acre, as a government task force has highlighted inconsistencies and comparatively higher benchmarks than nearby Gurugram and Noida.