## Policy Analysis Report: Extension of Relaxation in Circle Rates for Valuation of Lands and Immovable Properties in Delhi
**1. Executive Summary:**
This report analyzes a notification issued by the Government of the National Capital Territory of Delhi concerning an extension of a previously implemented relaxation in circle rates for valuation of lands and immovable properties. The core purpose of this notification is to extend a 20% reduction in the minimum circle rates until June 30, 2022. This extension aims to provide continued financial relief during property transactions. The key finding is the explicit timeframe of the extension and the reaffirmation of the revised rates' applicability to property registrations within Delhi.
**2. Introduction:**
This report aims to provide a comprehensive overview of the Government of the National Capital Territory of Delhi's notification regarding the extension of relaxation in circle rates for valuation of lands and immovable properties. The analysis is based solely on the provided policy text.
**3. Policy Overview:**
* This document is an *amendment* to existing policies related to stamp duty, registration fees, and the valuation of lands and immovable properties in Delhi. The original policies referenced are:
* Delhi Stamp Prevention of Under-Valuation of Instruments Rules, 2007, Rule 4
* Ministry of Home Affairs, Government of India SO 1736No. 2561JudlII dated the 22nd July, 1961
* Notification S.O. 2709 41266Delhi, dated the 7th September 1966
* Notification No. F.12854Regn.Br.Div.Comm.HQ20205453 dated the 26022021
* Notification No. F.12854Regn.Br.Div.Comm.HQ20206368 dated the 30th September, 2021
* **Core Objective:** Based on the text, the core objective of this amendment is to *extend* the previously granted relaxation of 20% in minimum circle rates for valuation of lands and immovable properties in Delhi.
**4. Background and Rationale:**
This notification extends a previously existing policy. The rationale *for this specific extension* is not explicitly stated but can be inferred. Since the original relaxation was likely implemented to stimulate property transactions and provide financial relief (a deduction of 20% of the minimum valuation rates), the extension suggests a continued need for this support. Potential reasons include ongoing economic circumstances, or an assessment that the initial period of relaxation was insufficient to achieve the desired effect. The statement "since it is considered that these extension of minimum rates should be brought into force at once" implies a perceived urgency for continuing this financial relief.
**5. Key Provisions / Changes:**
This document is an *amendment*, and the key provision is the *extension* of the existing relaxation.
* **Specific Part of Original Policy Changed:** The amendment extends the period of validity of a previously existing policy that granted a 20% relaxation in the minimum circle rates. It alters the expiry date.
* **New Rule/Provision:** The new rule is that the 20% relaxation in circle rates will now be in effect *until June 30, 2022*.
* **Difference/Effect:** The primary effect is to *continue* the reduced circle rates for property valuation for an extended period. This directly impacts the amount of stamp duty and registration fees payable during property transactions. The extension provides ongoing financial relief to those involved in property transactions within Delhi.
**6. Target Audience and Stakeholders:**
The target audience and stakeholders directly affected by this amendment include:
* **Property Buyers and Sellers in Delhi:** They will benefit from the continued reduced circle rates, potentially lowering the overall cost of property transactions.
* **Real Estate Developers in Delhi:** The continued reduction may encourage property sales.
* **Registering Authorities:** They are responsible for implementing the revised rates during property registration.
* **Financial Institutions:** The extension may influence lending and mortgage-related activities.
**7. Implementation Aspects (Inferred):**
* **Responsible Agencies/Bodies:** The primary responsible bodies are the Registering Authorities under the provisions of the Indian Stamp Act, 1899, and the Indian Registration Act, 1908. The Revenue Department, specifically the Divisional Commissioner, is also involved.
* **Timelines/Procedures:** The amendment is effective immediately without previous publication. The revised rates are applicable until June 30, 2022. The notification refers to existing procedures under the Indian Stamp Act and Registration Act for property registration. The notification also states that the multiplying factors for various categories will continue to apply (as per notification No. F.1953Regn.Br.Div.Comm.HQR20145943 dated 22092014).
* **(Specifically Regarding Changes):** The implementation requires the Registering Authorities to continue applying the 20% relaxation in circle rates until the new expiry date of June 30, 2022.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcome of this extension is to continue providing financial relief and stimulate property transactions in Delhi. The potential impact of the amendment includes:
* **Increased Property Transactions:** The extended relaxation may encourage more property buying and selling activity.
* **Reduced Financial Burden on Property Buyers:** Lower circle rates translate to reduced stamp duty and registration fees.
* **Stabilization of Property Market:** The continued support may contribute to stability in the property market.
**9. Conclusion:**
The Government of the National Capital Territory of Delhi's notification to extend the 20% relaxation in circle rates until June 30, 2022, is a significant amendment that aims to provide continued financial relief and stimulate the property market. This extension underscores the government's commitment to supporting property transactions and ensuring a stable market environment. The notification reinforces the applicability of existing regulations and procedures, with the key change being the extended timeframe for the reduced circle rates. This amendment is significant for anyone involved in property transactions within Delhi.
Key Entities Referenced
Delhi: The National Capital Territory of Delhi, where the policy is applicable.
Government of the National Capital Territory of Delhi: The governing body issuing the notification.
Delhi Stamp Prevention of UnderValuation of Instruments Rules, 2007: The legal framework under which the notification is issued.
Ministry of Home Affairs: A department of the Government of India, referenced in relation to the Delhi Stamp Prevention of UnderValuation of Instruments Rules, 2007.
Indian Stamp Act, 1899: The law concerning stamp duty, relevant to property valuation in Delhi.
Indian Registration Act 1908: The law governing the registration of property transactions, relevant to property valuation in Delhi.
Lt. Governor of the National Capital Territory of Delhi: The executive authority responsible for issuing the notification.
Sanjeev Khirwar: Principal Secretary-cum-Divisional Commissioner Revenue, signing the order.
Revenue Department: The department of the Government of NCT of Delhi responsible for the notification.
Circle Rates: Minimum rates for valuation of land and immovable properties in Delhi for stamp duty and registration fees.
30.06.2022: The date until which the relaxation of 20% in the minimum rates (Circle Rates) is extended.
Mayapuri, New Delhi: Location of the Government of India Press
रजिस्ट्री स.ं डी.एल.- 33002/99 REGD. No. D. L.-33002/99
भारत सरक ार
GOVERNMENT OF INDIA
एस.जी.-डी.एलx.x-xअG.ID-3H0x1x2x 2021-232267
SG-DL-xEx-x3G0I1D2E2x0xx2 1-232267
असाधारण
EXTRAORDINARY
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 407] दिल्ली, बृहस्ट्प जतवार, दिसम् बर 30, 2021/पौष 9, 1943 [रा.रा.रा.क्ष.ेदि. स.ं 335
No. 407] DELHI, THURSDAY, DECEMBER 30, 2021/PAUSA 9, 1943 [N. C. T. D. No. 335
भाग IV
PART IV
राष्ट्रीय रािधानी राज्य क्षत्रे दिल्ली सरकार
GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI
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Mh 127680 102144
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,Q 56640 45312
th 46200 36960
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, 21960 17568
ch 17400 13920
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Mh 11160 8928
b Z 9360 7488
,Q 8220 6576
th 6960 5568
,p 3480 2784[PART IV DELHI GAZETTE : EXTRAORDINARY 3
, 25200 20160
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Mh 12840 10272
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,Q 9480 7584
th 8040 6432
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54480 43584
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66240 52992
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100 oxZ ehVj ls
76200 60960
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REVENUE DEPARTMENT
NOTIFICATION
Delhi, the 30th December, 2021
No. F. 1(2854)/Regn.Br./Div.Comm./HQ/2020/6841.—In exercise of power conferred by rule 4 of
the Delhi Stamp (Prevention of Under-Valuation of Instruments) Rules, 2007 read with the Ministry of
Home Affairs, Government of India SO 1736(No. 2/5/61-Judl-II) dated the 22nd July, 1961 and Notification
S.O. 2709 (41/2/66-Delhi), dated the 7th September 1966 and in continuation of the notification No.
F.1(2854)/Regn.Br./Div.Comm./HQ/2020/5453 dated the 26/02/2021, read with subsequent Notification of
this Government No. F.1(2854)/Regn.Br./Div.Comm./HQ/2020/6368 dated the 30th September, 2021 the Lt.
Governor of the National Capital Territory of Delhi hereby notifies the extension of relaxation of 20% in the
minimum rates (Circle rates) till 30.06.2022 for valuation of lands and immovable properties in Delhi for the
purposes of the said Act and Rules made there under, as specified in Annexure-I annexed to this notification
and since it is considered that these extension of minimum rates should be brought into force at once, the
Lt. Governor further directs that they shall come into force with immediate effect without previous
publication.
The above rates, inter alia, shall be continued to be taken into consideration for registration of
instruments relating to lands and immovable properties in Delhi by all the Registering Authorities under the
provisions of the Indian Stamp Act, 1899 (2 of 1899) and the Indian Registration Act 1908 (XVI of 1908) as
in force in Delhi at the time of registration of instruments.
These revised rates shall continue to remain in force till 30/06/2022.
By Order and in the Name of the
Lt. Governor of the National Capital Territory of Delhi,
SANJEEV KHIRWAR, Principal Secy.-cum-Divisional Commissioner (Revenue)
Minimum Rates (Circle Rates) for valuation of land and properties for the purpose of payment of Stamp duty
under Indian Stamp Act, as applicable to Delhi & registration fees under the Registration Act, 1908 in
Delhi:-
TABLE 1
MINIMUM LAND RATE FOR RESIDENTIAL USE
Category of the locality Present minimum rates for Effective Circle Rates for
valuation of land for residential valuation of land for residential
use (in Rs. Per Sq.Mtr.) use (in Rs. Per Sq.Mtr.)
A 774000 619200
B 245520 196416
C 159840 127872
D 127680 102144
E 70080 56064
F 56640 45312
G 46200 36960
H 23280 18624[PART IV DELHI GAZETTE : EXTRAORDINARY 5
TABLE 2
MINIMUM RATES FOR COST OF CONSTRUCTION FOR RESIDENTIAL USE
Category of the locality Present minimum rates of Effective Circle Rates for valuation
construction for residential use (in of land for residential use (in Rs. Per
Rs. Per Sq.Mtr.) Sq.Mtr.)
A 21960 17568
B 17400 13920
C 13920 11136
D 11160 8928
E 9360 7488
F 8220 6576
G 6960 5568
H 3480 2784
TABLE 3
MINIMUM RATES FOR COST OF CONSTRUCTION FOR COMMERCIAL USE
Category of the locality Present minimum rates of construction Effective Circle Rates for valuation of
for commercial use (in Rs. Per Sq.Mtr.) land for residential use (in Rs. Per
Sq.Mtr.)
A 25200 20160
B 19920 15936
C 15960 12768
D 12840 10272
E 10800 8640
F 9480 7584
G 8040 6432
H 3960 3168
TABLE 4
MINIMUM RATES OF BUILT-UP FLATS UPTO FOUR STOREY
Category of Present minimum Effective minimum Present minimum built- Effective minimum built-
flats depending built-up rate (in built-up rate (in up rate (in rupees per sq. up rate (in rupees per sq.
on plinth area rupees per sq. rupees per sq. mtr.) mtr.) for DDA colonies / mtr.) for DDA
(sq.mtr.) mtr.) for DDA for DDA colonies and Cooperative Housing COLONIES /
colonies and Group Housing Societies / flats by Cooperative Housing
Group Housing Society (in case of private builders (in case Societies / flats by
Society (in case residential use) of commercial use) private builders (in case
of residential use) of commercial use)
Upto 30 sq. mtr. 50400 40320 57840 46272
Above 30 and
54480 43584
upto 50 sq. mtr. 62520 50016
Above 50 and
upto 100 sq. 66240 52992
mtr. 75960 60768
Above 100 sq.
76200 60960
mtr. 87360 698886 DELHI GAZETTE : EXTRAORDINARY PART IV]
TABLE 5
MINIMUM RATES OF BUILT-UP FLATS HAVING MORE THAN FOUR STOREYS
Category of Property Present minimum built-up rate (in Effective minimum built-up rate (in rupees per
rupees per sq. mtr.) sq. mtr.)
Residential 87,840/- 70,272/-
Commercial 1,00,800/- 80,640/-
The Multiplying factors applicable to the various categories as notified by the notification
No. F.1/953/Regn.Br./Div.Comm./HQ/R/2014/5943 dated 22/09/2014 shall continue to apply even
after 20% envisaged reduction in the Circle Rates.
Note : where part plinth area, say one floor, of an independent property other than a flat is sold, the relevant
minimum land cost may be taken for the proportionate plinth area sold, and minimum cost of
construction applied on plinth area sold.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.