These rates were notified under the provisions of Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007 on July 18, 2007. 86,000 Per Square Meter Circle rate for valuation of land and properties for purpose of registration under the registration act,1908 in Delhi. 13-06-2007. The stamp duty is normally payable on the transaction value but, to control the practice of under-reporting the value of a property at the time of registration, the circle rate was first notified in 2007 in Delhi. 03-01-2020 : 457886 ... GNCT of Delhi. Inciting hatred against a certain community, The Economic Times Digital Payments Forum, Why technology is the only path to sustained growth for MSMEs, Exit without serving notice period to attract 18% GST, Budget 2021 could give more tax relief on medical expenditure, insurance in wake of Covid, Budget 2021 could impose a coronavirus cess, hike LTCG tax on equity: EY, Income tax dept launches portal for online filing of info about tax evasion, benami properties, Lifestyle creep sets in slowly, is hard to discard: 8-point checklist to keep a check on your spending. Portal of Delhi Government is a single window access to information and services being provided by the various department of Govt. Sarai Rihilla, Anand Parbat Hauz Khas Delhi Government hikes Circle rates. Govindpuri Shanti Niketan Majnu Ka Tila List of Colonies for Circle Rate; ... Circle rates for urban property (Delhi) 2007. Hari Nagar Som Vihar These rates were notified under the provisions of Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007 on July 18, 2007. Circle rate for valuation of land and properties for purpose of registration under the registration act,1908 in Delhi. Assumptions of any type for consideration of value shall not be entertained by the income tax department. This will alert our moderators to take action. The property rates in 2001 are generally needed for the purpose of Property Valuation and assessment of Long Term Capital Gain Tax on the sale of property from 2018 onwards. Category B Colonies – Rs. NEW DELHI: In a move that will cater to city's farmers, Delhi government today proposed to increase circle rate on agriculture land by up to 125 per cent. It is the minimum rate that is notified by the government for transactions associated with property registration in Delhi. 61. Circle rate for valuation of land and properties for purpose of registration under the registration act,1908 in Delhi. Delhi again under circle rates hike… Category – Ward – Zone – Colony of Delhi for Circle Rate; CIRCLE RATES – DELHI (REVISED as on 04/12/2012) THE REAL ESTATE (REGULATION AND DEVELOPMENT) BILL, 2013; Recent Comments Archives. Lajpat Nagar-II The Delhi government’s decision of significant increase in circle rates for all colonies across the city may result in rise in property prices. Munirka Vihar Category E Colonies – Rs. Notification regarding Delhi Stamp (Prevention of under-valuation of instrument),Rule,2007. Ganesh Nagar 31,510 Per Square Meter However, we assume no responsibility for any errors, which might slip in during publication of this website. This should be rationalised so that more revenue can be generated by the MCD. Tagore Garden. 47,140 Per Square Meter The circle rate for agricultural land has been increased from Rs 53 lakhs per acre to Rs 2.25-5 crores per acre, depending upon the area. Notifications issued to bring into force provisions of Finance Act, 2020, to waive late fee for FORM GSTR-4 filing in UT of Ladakh and to make 14th Amendment, 2020 to CGST Rules, 2017. Vasant Vihar, Anand Lok Ms Dikshit said the circle rates would come into force after the issue of a notification. Property Type. Nizamuddin West South Delhi Property Market Reopening – Get ready for an Inrush of Home Selling. Under Section 56 (2)(x) of the Income Tax Act, the difference is taxed as ‘other income’ for the buyer, if the market value of the property is lower than its circle rate value. Jasleen Kaur | October 12, 2010. NCT of Delhi. 2014. The revised circle rates will come into effect within one week after a necessary notification is issued to implement the hike. 2015. 13-06-2007. Meeting Exciting People, Showing Marvelous Properties Is What Makes Us Tick. Old Rajinder Nagar Notification regarding Delhi Stamp (Prevention of under-valuation of instrument),Rule,2007. Category F Colonies – Rs. From July 18, 2007 to February 07, 2011, the circle rates of real estate properties in Delhi were: Category A Colonies – Rs. democracy in the current format is curse upon India and it must be modified to provide better financial and administrative governance. Price : ₹ 35000000. In category H colonies, the revised circle rate will be Rs.23,280 per square metre, from Rs.19,361 per square metre. The Delhi government on Monday decided to increase circle rates… 27,300 Per Square Meter Sarvapriya Vihar 43,000 Per Square Meter Category B Colonies – Rs. Pamposh Enclave Rajouri Garden, Chandni Chowk At present, there are eight categories of colonies in the Delhi — A, B, C, D, E, F, G, and H based on the Municipal Corporation of Delhi (MCD) categorization. It is advisable to get the valuation of the property done from the registered valuer. Malviya Nagar 61. In December 2019, the Delhi government announced a 10-fold hike in circle rates for agricultural land in Delhi. 2016. 34. 21,800 Per Square Meter Greater Kailash-I South Delhi Municipal Corporation. 58,365 Per Square Meter The minimum rates at which the registration of property in a particular category area shall be done is given below. The Delhi government had first introduced the circle rates for the real estate properties in Delhi on July 18, 2007 and was notified under the provisions of the Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007. Category C Colonies – Rs. All the colonies are listed alphabetically. The Cabinet Meeting also decided to maintain the earlier marked categories on which the circle rates were charged. 18-07-2007. The Delhi government cabinet in-principle took the decision to increase the property circle rates in its meeting held on November 21, 2012. Anand Niketan of Visitor w.e.f. As applicable to Delhi & registration fees … The cabinet has fixed Rs 9,000 per square metre as the lowest rate while the upper limit will be Rs 1,25,000 per sq m. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Realty biz hit in Delhi as circle rates above market ones. The circle rates were first introduced in Delhi in 2007 and were notified under the provisions of Delhi Stamp (Prevention of Undervaluation of Instruments ) Rules 2007. 60. 93/2020 [F. No. COVID-19 IMPACT : Why Home Buyers will Buy Bigger Houses in South Delhi? Daya Basti 18-07-2007. 19,361 Per Square Meter. Panchshila Park Notification regarding Delhi Stamp (Prevention of under-valuation of instrument),Rule,2007. Mrs. Sheila Dikshit told reporters after the meeting, “In order to mitigate the black money circulation in property transactions in Delhi, the existing circle rates have been increased. Zakir Nagar (Okhla), Ambedkar Nagar (Jahangirpuri) In Delhi’s New Friends Colony, for example, the market rate is lower than the circle rate. Madhu Vihar However, in a recent announcement, finance minister Nirmala Sitharaman has allowed home buyers to buy homes at 20% lower value than the circle rates. Rates increased for the first time since 2007 introduction. Category D Colonies – Rs. Golf Links Indraprastha Extension Maurice Nagar Amber Vihar Lajpat Nagar-I Therefore, the stamp duty and registration fee, which is calculated as a percentage of the registered price of a property, will increase now. The Delhi High Court on Thursday asked the AAP government to file its response to a plea challenging the recent notification enhancing the circle rates for agricultural land in the city. 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