Hike in Circle Rates of Property announced by Delhi Government
The government of Delhi is planning another hike in the circle rates of property. Earlier in February revised rates were issued by the government. The move is made to ensure that there are no loopholes to generate black money also might increase the rate of properties drastically. The revenue department in its draft proposal has hiked it by almost fifty to two hundred percent. The hike varies categorically across different colonies. Minister for revenues, Dr AK Walia had affirmed the formulation of new revised property rates. He said that in spite of the hike the rates in Delhi were much lower than those in the states of Uttar Pradesh and Haryana.
Delhi, Delhi Government, Delhi NCR, Delhi Stamp Act, Haryana, Immovable properties, Revenue department, Revised property rates, Uttar Pradesh
