To address the discrepancies in the existing setup and to generate more revenue, the Delhi Government’s Revenue Department is mulling a proposal for re-categorisation of colonies and revise circle rates. Top sources said the committee on circle rate has proposed of re-categorisation of colonies as there are number of colonies which have been put under lower categories. “The discrepancies will be removed this time to generate more revenue from circle rate,” said the sources.
The idea is to put the colonies having similar market rates in the same category. At present, there is lack of uniformity as colonies falling in category C and D have more circle rates than the colonies under A and B category.
The Government has divided the colonies into eight categories to generate circle rates of property, from category A to H. Each category has a different circle rate — the upscale areas have higher rates compared to the lesser-developed areas. In the revised category, many areas under normal category have been included in upscale A, B and C group. The proposal is expected to be sent to the Finance department soon.
According to the last circle rate revision in 2012, the current rates are: Rs 6.45 lakh per sq metre in A category colonies. Rs 2.05 lakh per square metre in B category. The circle rates for C category colonies is Rs 1,33,200 per sq metre, Rs 1,06,400 (D category), Rs 58,400 (E category), Rs 47,200 (F category), 38,500 (G category) and Rs 19,400 for H category.