Posted: 12-Oct-10 in General by IANS 0 comment

Delhi doubles circle rates of properties

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New Delhi, Oct 12 (IANS) The Delhi cabinet Tuesday doubled the circle rates of properties — the minimum selling price of a plot — in the capital, a move that will help the government earn more revenue.

A meeting, chaired by Chief Minister Sheila Dikshit, decided to retain the earlier marked categories on which the circle rates were levied.

“We have decided to double the circle rates depending on the categories of colonies,” Dikshit told reporters after the meeting.

The previous circle rates based on the Municipal Corporation of Delhi (MCD) categorisation were Rs.43,000 per sq metre for Category A, Rs.34,100 for Category B, Rs.27,300 for Category C, Rs.21,800 for Category D, Rs.18,400 for Category E, Rs.16,100 for Category F, Rs.13,700 for Category G and Rs.6,900 for Category H.

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