Muncipal Corporation of Gurgaon
Img : hindustantimes

In a major move, the district administration of Gurugram has revised the circle rates in various areas and has also increased land registration fees for immovable properties in Wazirabad, Badshapur, Kadipur and Harsuru sub-tehsils. This is the second time in the same fiscal that the administration has increased the rates. The new rates will be applicable from October 19.

According to a senior MCG official, “There was no fixed bracket for the new rates, and the increase had been made as per the demand for land and properties in a particular area. The revised rates are applicable on both commercial and residential properties. However, agricultural land will be spared, barring those in Tikli village.”

There has been a 10-25% hike in the circle rates in all the areas. For instance, during the last fiscal (2017-18) the circle rates in Sector 29 was Rs 9,000 per sq ft for commercial properties which now has been revised to Rs 12,000 per sq ft. For plots in DLF I and Sushant Lok 1, the rates for residential plots was Rs 65,000 per sq yard. However, the same has been revised to Rs 77,000 per sq yard. On the other hand, in multi-story group housing societies, the rates have been revised from Rs 4,700 per sq ft to Rs 5,500 per sq ft.

While lands falling on major highways like Delhi-Gurugram Expressway, Dwarka Expressway and Gurugram-Alwar Expressway has seen a hike of 25%, those falling on major state and district highways, the circle rates have been increased by 10%.

Apart from circle rates, the state government has also decided to increase the land transaction fee across Haryana. As per some sources, the authorities could even charge up to Rs 50,000 for the registration of immovable properties, besides charging separately for stamp duty for non-testamentary documents.

“Property owners have been given time till October 5 to register their objections on the revised collector rates. They can contact the district revenue officer to raise their grievances,” Vijay Yadav, district revenue officer, Gurugram added.