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Journalism of Courage
Introduced in 2007,circle rates are the minimum price of land per square metre. These come into force every time property deals are inked.
But with property prices galloping upwards,govt is looking to change the rates so that the price reflects the one that is quoted in the market,black money in land deals is reduced and the govt gets the tax that is rightfully its.
Considering there are luxury and low-cost housing in every colony,the city has been divided into 8 categories: A to H. The lowest circle rates,applicable now,is Rs 6,900 per sqm while the highest is Rs 43,000 per sqm.
The changed rates percentage hike that the Delhi govt is looking to make into law A to J range from 30.44 to 190.69 8211; A and B categories hike is proposed at up to 200,for C it is 100,for D it is 100.88,for E it is 99.64,for F it is 99.55,for G it is 49.46,for H it is 30.44,for I it is 31.39 and for J it is 30.44.
Current
A: Rs 43,000
B: Rs 34,100
C: Rs 27,300
D: Rs 21,800
E: Rs 18,400
F: Rs 16,100
G: Rs 13,700
H: Rs 6,900
Proposed:
A: Rs 125,000
B: Rs 100,000
C: Rs 86,000
D: Rs 68,500
E: Rs 54,500
F: Rs 43,500
G: Rs 27,500
H: Rs 21,000
I: Rs 18,000
J: Rs 9,000
