Introduction

The circle rates in Gurugram, Haryana, are set to be revised by the end of this month, with the new rates expected to come into effect from February 1. The proposed revision was initially scheduled for January 1, but no official announcement has been made as of now. This article will delve into the details of the proposed circle rate revision, the factors influencing the rates, and the potential impact on various property categories.

Understanding Circle Rates

Before we dive into the details of the proposed circle rate revision, let's first understand what circle rates are. Circle rates, also known as collector rates, are the minimum rates set by the government for the registration of properties and the calculation of stamp duty. These rates vary across different localities based on the amenities and development in the area. Circle rates are revised periodically to align with the current market prices of properties.

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