L-G Khanna rejects Delhi govt proposal on circle rates

Days after Delhi Government rejected his suggestion for revising circle rates for certain areas in the city, Lt Governor Tejindra Khanna has returned the file without approving the proposal.

Updated: Nov 10, 2010, 21:32 PM IST

New Delhi: Days after Delhi Government
rejected his suggestion for revising circle rates for certain
areas in the city, Lt Governor Tejindra Khanna has returned
the file without approving the proposal.

Delhi Cabinet last week had rejected a suggestion by
Khanna to revise circle rates for certain colonies which were
hiked by the Government in June.
The file was again sent to Khanna for approval but he
again sent it back to Delhi Government without approving the
new circle rates, officials said.

The circle rate is the minimum rate for valuation of land
for residential use that differs for various categories of
colonies.

The Delhi Government had in June revised the circle rates
for sale and purchase of properties in the capital, effecting
a substantial increase for all colonies across the city which
if implemented will result in rise in property prices.

The officials said Khanna had recommended revision of
circle rates for colonies under F, G and H categories.

The cabinet had fixed Rs 9,000 per sq m as the lowest
rate while the upper limit will be Rs 1,25,000 per sq m.
As per the revised rates, Rs 1.25 lakh per sq m has been
fixed for posh colonies like Defence Colony, Greater Kailash,
Gulmohar Park, Panchsheel Enclave, Anandlok, Green Park, Hauz
Khas and Nehru Place. Currently, the circle rate is Rs 43,000
per sq m for posh colonies falling in the category A.

The government has also fixed rates for colonies falling
under mixed land use categories where commercial
establishments have come up. The cabinet decided on separate
rates for commercial establishments, restaurants and
industrial units in such colonies.

PTI