Rise in circle rates in Gurgaon

Q: Hi, I heard that the circle rates have been hiked in Gurgaon. Please update more details on this news.

Nidhi, Gurgaon

1st April 2013

Real estate News in Gurgaon

circle rates

gurgaon properties

hike in circle rates

stamp duty in gurgaon

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Replies (5)

In case of prime residential land plots in licensed colonies such as DLF City Phase 1 and Sushant Lok Phase 1, the circle rates have been hiked from Rs 65,000 per square yard to Rs 70,000 per square yard while the circle rates of commercial plots in these areas will be hiked from Rs 135,000 per square yard to Rs 150,000 per square yard.

Dhiraj,

17th April 2013

Comment

Yes Govinda.. it is said that there will be hike in rates.. as per the new rates, value of up to two acres of land adjoining National Highway 8 and the Northern Peripheral Road (Dwarka expressway) will increase by 20 percent. And the value of up to two acres of land at Gurgaon-Sohna Road and Gurgaon-Pataudi Road will increase by 10 percent.

Vivek Kulkarni,

8th April 2013

Comment

From April 1st the new rates are applicale.
There are no changes made in the stamp duty rates on land less than 1,000 square yards, like in the previous year. Such land chunks will continue to be treated as residential land for stamp duty collection. The revision of rates will surely result in tremendous rise in agricultural land prices in Gurgaon.

Govinda,

8th April 2013

Comment

Hi Pranab., When did the changes get implemented? Will there be any increase in stamp duty charges too?

Tamal, Noida

4th April 2013

Comment

Hi Nidhi, the circle rates in Gurgaon have been rised by up to 15 %.. As a result of this, it is expected that property rates will also be increased..

Pranab Malakar, Delhi

4th April 2013

Comment