The circle rate is the least price at which a property is registered in the process of transferring. In terms of stamp duties, it is the major source of its revenue for the government. The Circle rates are revised on a half-yearly basis, that it, two times a year. The revision is done by the officials of the revenue department and deputy commissioner head the process.

Except for a number of villages, located outskirts of Gurgaon, a change in the circle rates has not been done which was revised by the district administration and was implemented shortly. The circle rates that had been decided have been kept unchanged keeping in mind the condition of the market and the submissions made by the residents of the city and other stakeholders.

When purposed, the circle rates were doubled specifically for upscale areas’ group housing colonies and plots, but, the very idea faced strong opposition from the stakeholders such as homebuyers and developers as they believed that this idea could worsen and even cause the economic slowdown.

Manbir Singh, who is the District revenue officer stated, “The rate for land in some villages along the drain has been reduced. No other changes have been made in any area,” continuing that this was the second revision in the circle rates for this year.

Amit Khatri, deputy commissioner of Gurugram said, “The decision to not hike the circle rates was taken keeping in view the submissions made to the revenue department and sentiments expressed by stakeholders.”

Sanjay Sharma, who is city-based consultant, said that the decision of not increasing the circle rates was right which would ensure that market activity doesn’t get hit. In addition, he said, this move would help the real estate sector in the current situation. Had there been any increase, it would have dented the sales.

The district administration had only revised the circle rates for Sector 37-C even in the last revision. Even though the rates of the circles were not revised, the initial proposal by district administration regarding doubling the rates, especially for plots ranging from ₹5,500/sq. foot to ₹10,000/sq. foot sets uneasiness in the market. Then, they proposed the increment of circle rates for housing projects in HSVP sectors ranging from ₹5,000/sq foot to ₹12,000/ sq foot. With this, the rates for apartments in upscale colonies, such as Magnolias, Aralias and Ambience Island, were also proposed to be increased.

The increment move turned out to be a cause of criticism and the oppositions from residents and developers raised the matter with Manohar Lal Khattar, the chief minister of Haryana during a meeting in the city. A group of developers had also met the two city MLAs and yielded memoranda opposing the hike.

Source: https://www.hindustantimes.com/gurugram/no-hike-in-gurugram-circle-rates-residents-realtors-rejoice/story-S2zvd1oQVJm3qWTXWYUyaK.html

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