Gurugram Property Prices To Increase As Circle Rates Hiked By Up To 30%;
Priya Singh | 2023-12-18
In the latest hike, all tehsils and subtehsils in the district witnessed an increase in circle rates in the range of 10-30 per cent
Property prices in Gurugram are going to increase now, as the district administration has raised the circle rates in the Haryana district in the range of 10-30 per cent, effective April 1, 2023. The circle rates in Gurugram, below which property registration with the revenue department cannot take place, were last revised in January 2022 by a similar proportion.
In the latest hike, all tehsils and subtehsils in the district witnessed an increase in circle rates. These tehsils are Gurugram, Farrukh Nagar, Pataudi, Sohna, and Manesar; while sub-tehsils are Kadipur, Hassru, Wazribad and Badshahpur.
The hike in circle rates will now lead to an increase in the prices of houses, offices and agricultural land in Gurugram, Haryana.
While the circle rate is the rate below which a property cannot be transferred to another person, the market rates are higher than that and depend upon the market demand and supply, and facility in the area, connectivity, etc.
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