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Haryana’s Second Circle Rate Hike in Eight Months Takes Effect August 1

The revision is expected to generate about ₹2,000 crore through higher duties by aligning official valuations with market rates.

Overview

  • The state has approved hikes ranging from 10% to 50% on collector rates across urban and rural areas, with spikes up to 145% on agricultural land in Gurugram’s Bajghera and Sarhaul villages.
  • Officials closed a public feedback window on July 31 after publishing draft rates late in the month under the Revenue and Disaster Management Department.
  • The government projects an additional ₹2,000 crore in revenue from increased stamp duties and registration fees linked to the updated valuations.
  • Developers and real estate experts warn that higher registration costs will further slow property transactions in an already sluggish market.
  • Congress leaders led by Bhupinder Singh Hooda have demanded withdrawal of the hike, arguing it will overburden the middle class and inflate land prices.