According to authorities on Wednesday, the Delhi government intends to continue offering the 20 percent concession on circle fees for houses in the national Capital for another six months.
The Delhi government decreased circular charges for all types of properties—residential, commercial, and industrial—by 20% starting on February 5 and lasting through September 30. The government's action was intended to revive the national Capital's economy, which had almost stopped during the lockdown brought on by the Covid-19 outbreak. The relaxation has been extended many times since September 2021, and the most recent extension is in effect until June 30, 2022.
The proposal to extend the 20 percent circular rate reduction for a further six months has been sent to Delhi's chief minister (CM) Arvind Kejriwal and lieutenant governor (LG) Vinai Kumar Saxena, according to Kailash Gahlot, the city's revenue minister.
The circle rates will be discounted as long as it is allowed by the CM and the LG, which will be until December 31, 2022.
If the chief minister or the LG reject the request, it will have an impact on the purchasing process and raise the registration charge.
Circle prices vary and are periodically changed in each state according to supply, demand, and other development indicators specific to the locations in question.
Delhi has eight different locality classifications, ranging from A to H, with Category A being the wealthiest and Category H being the least prosperous. Greater Kailash, Defence Colony, and Safdarjung Enclave are located in Category B, while neighbourhoods like Golf Links, Vasant Vihar, and Jor Bagh are located in Category A.
Tagore Garden and Subhash Nagar fall under Category C, whereas categories D and E mostly include neighbourhoods that have previously been designated as regularised, some historic districts where low- and middle-income apartments have been built, and resettlement colonies.
Most of the colonies in Categories F, G, and H are unlicensed, but inhabitants recently had the chance to register their homes thanks to a central government programme.