Also Watch Delhi-Linked Villages Set to Go Among Other New Haryana Focused Codes Gurugram: The new circle rates for residential, commercial and agricultural land came into effect in the city on Thursday. However, property transactions will now be conducted at the latest rates from Friday.

The rates were hiked in the range of 15%-30% on residential, commercial and agricultural properties. The rate rose as much as 75% in some areas, officials said.

Gurgaon deputy commissioner Ajay Kumar said revision (of circle rates) was based on the level of development and prevailing market rates in different areas.

More than half (51 per cent) of areas under different tehsils of the district are those where no change has been done in the circle rates. The DC said “on the other hand, 11% of the areas which are rapidly developing and where market value is higher, not more than a maximum increase of upto 75%.

The DC said the increase in circle rates was decided on the basis of analysis (of registry/sale deed data) prepared for respective revenue areas during financial year 2022-23, so that the circle rate remained with ground realities.

The cirdle rate is calculating around the buying and selling of Land; it gives transparency along with revenue collection. With the exercise of detailed survey, market research and assessment of local condition carried by value committee followed by its finalisation with approval from revenue department and state govt, collector rates for any given area/ location goes through a well defined process prior to it being fixed,’ said the DC.

In his directives, Kumar instructed all revenue officials to judiciously ensure dissemination of information regarding the revised collector rates for different classes of land amongst public in their respective areas and recommended that laid down protocols be adhered during registry process. This comes with the direction that in case of any irregularity or discrepancy is found, appropriate action be initiated without delay.