circle rates
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In a recent development, Gurugram’s district administration has revised the circle rates in sectors 37C and 37D. However, the rates are kept unchanged for the remaining areas of the city. The officials said that the circle rates in these two sectors are brought down by Rs. 2000 as earlier it was Rs. 5,000 per sq ft and now the circle rate is revised to Rs. 3,700 per sqft.

The revised circle rates will come into effect from 8th August.

Amit Khatri, deputy commissioner, Gurugram said that we aim to revive the real estate market and thus we have not changed the circle rates much. We want to support the housing sector and urban development, and hence there has been no substantial increase in any area other than rationalization.

Circle rate is the minimum cost of a unit at which the property is transferred in government records. The officials said that the rates are kept unchanged in the circle rates for plots in the licensed colonies like  Sushant Lok, DLF, South City and Mayfield Garden.

Similarly, the circle rates in Huda sectors are also not changed.

Vijay Yadav, District Revenue officer said that while considering the present situation of the real estate sector we have not increased the circle rates. Also, the administration had put the same in public domain and invited claims and objections from residents. The rates in Sector 37C and 37D are bought down after receiving suggestions from the residents.

According to the Haryana Government, the circle rates are also known as collector rates and they must be revised twice in a financial year.

Shilpa Sardare Jain
Shilpa Sardare Jain is a journalist and works as a content writer with us. Her journalistic background helps her cater the viewers with accurate news about everything around. She is experienced at writing articles, blogs, features and news related to different genres. She started her career with News24 News channel and then worked with a leading digital media channel One India News and few others. Shilpa Sardare Jain is a joyful person who loves to explore new places and food when not working. Also, she has the zest for reading autobiographies of politicians who took the world by storm.