Gurgaon plans circle rate hike; invites objections from public

The proposed hike will come into effect from January 1, 2024.

December 15, 2023: The Gurgaon district administration has invited feedback from citizens on the new circle rates. If the proposal is approved, collector rates in the Millenium city would increase by up to 90%. The proposed hike will come into effect from January 1, 2024.

Residents have been given time till December 17 to raise their objections on the proposed hike.

“The proposed rates will be sent to the headquarters in Chandigarh for departmental approval based on suggestions received from all the tehsils so that the approved rates can be implemented from January 1,” said Gurgaon deputy commissioner Nishant Kumar Yadav.

The district administration has proposed an average hike of 10-87% in across localities. If the move by the administration gets a go-ahead, the cost of property acquisition in Gurgaon will jack up drastically.

For the uninitiated, circle rate is the minimum value assigned to land and properties by local administrations. For the purpose of computing stamp duty and registration fee on property registration, the value of the property is arrived at using the circle rate value. Any valuation below the circle rate is not acceptable while higher valuation is allowed.

Known as collector rate across Haryana, circle rates are periodically revised to keep them closer to market rates of property.

Proposed collector rate list for Gurgaon tehsils in 2024

Click here to view the proposed collector rate for 2024 for at Gurgaon

Click here to view the proposed collector rate for 2024 for at Badshahpur

Click here to view the proposed collector rate for 2024 for at Farukhnagar

Click here to view the proposed collector rate for 2024 for at Wazirabad

Click here to view the proposed collector rate for 2024 for at Sohna

Click here to view the proposed collector rate for 2024 for at Manesar

Click here to view the proposed collector rate for 2024 for at Pataudi

Click here to view the proposed collector rate for 2024 for at Kadipur

Click here to view the proposed collector rate for 2024 for at Harsaru

 

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com

 

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