Delhi May Revise Agricultural Land Circle Rates for First Time Since 2008

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The Delhi government is considering a revision of circle rates for agricultural land, which have remained unchanged since 2008. Under the proposal, rates in some districts could climb to as much as Rs 5 crore per acre. Circle rates are the government-set benchmark values used to calculate stamp duty and registration charges on property transactions. The move comes after nearly 18 years without any revision to these valuations. The article reports that the change is still under consideration and has not yet been finalised.

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