Gurgaon: New circle rates for residential, commercial and agricultural properties came into force in the city on Thursday. From Friday, property transactions will be carried out according to the new rates.The rates were increased in the range of 15%-30% across residential, commercial and agricultural properties. In some areas, according to officials, the rate increased up to 75%.Gurgaon deputy commissioner Ajay Kumar said revision (of circle rates) was determined keeping in view the prevailing market rates, pace of development and available infrastructure of the concerned areas.“Approximately 51% of the areas under various tehsils of the district are such where no change has been made in the circle rates. At the same time, about 11% of the areas, which are developing rapidly and where market value is higher, have seen a maximum increase of up to 75% in collector rates,” the DC said.The DC said this increase in circle rates was decided on the basis of analysis of registry (sale deed) data recorded in the concerned revenue areas during the previous financial year, so that the rates remain in line with the actual market conditions.“The circle rate is an important basis in the buying and selling of land, which ensures transparency along with revenue collection. Before determining the collector rates, a detailed survey, market research and assessment of local conditions is carried out by the value committee, after which these are finalised with the approval of the revenue department and the state govt,” the DC said.Kumar directed all revenue officials to ensure that information about the new collector rates reaches the general public in their respective areas and that prescribed standards are strictly followed during the registry process. Additionally, instructions were given to ensure immediate action in case any irregularity or discrepancy is found.
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