Gurgaon Circle Rates

Collector/Circle ratesCollector or circle rates for land in Gurgaon recently revised by the district administration, come into effect from today.

While, a two-fold rise was expected, urban areas, including DLF, Sushant Lok, South City, Palam Vihar and other private colonies and HUDA sector circle rates have risen by 10 to 15% and 20 – 25% for commercial plots. In a significant move, agricultural land approved as residential zones in villages adjoining Gurgaon, has gone up 200-300%.

Rakesh Gupta, Deputy Commissioner (DC) says the increase was necessary for rationalising collector rates and to bring them somewhat closer to market prices. However, that does not seem to be the case, even after revision. For example, in DLF-I, the floor rate has been revised to Rs. 16,500 from Rs. 15,000 per sq. yd., whereas, the market price is between Rs. 60,000 and Rs. 70,000. The same is the case in villages, where even though the rate has increased three fold, it is far below the market price.

As per Dharampur and Dhana villages, the collector rate has been hiked to Rs. 40, 00,000 per acre in comparison to the earlier rate of Rs. 13,00,000. “It’s too difficult, rather impossible, to finalise the rate like that. We have to follow procedures, consider the rates at which properties in the same areas are registered. But, we have put all possible efforts to rationalise the rate,? Gupta adds.

Significantly, while there has been a minor increase in collector rates for already developed residential areas, senior officials say according to the gazette notification of Gurgaon Manesar Urban Complex 2021, more agricultural areas surrounding Gurgaon have been converted into residential zones.

Low collector rates in many of these villages led the officials to finally decide on a two or three fold increase for villages, such as, Dhanwapur, Dhankot, Basai, Gadolikalan, Gadolikhurd, Kherkidaula, Sihi Sikanderpur, Mewaka, Wazirpur, Daultabad, Dharmpur, Kakraula, Bhangraula, Bajghera, including other villages falling within the purview of residential zones, depending upon the increase in market rates.

Low collector rates in many of these villages led the official to finally decide on a two or three fold increase for village, such as, Dhanwapur, Dhankot, Basai, gadolikalan, Gadolikhurd, While there was minor increase in collector rates for already developed residential areas. senior officials say according to the gazette notification of Gurgaon Manesar Urban complex 2021, more agriculture areas surrounding Gurgaon have been converted into reasidential zones.

Source: Times of India

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