Lawstreet Journal

Property Registration will be 20% Cheaper till June 2022

Lawstreet Journal 6 Jan 2022 12:38am

Image courtesy: Lawstreet Journal Executive Property Registration will be 20% Cheaper till June 2022

On 30th December, 2021 Delhi Government extended the 20 percent allowance on circle rate for land and immovable property till June 2022 , in consonance with the official order given by the revenue department of Delhi. [1]

Delhi Revenue Minister Mr. Kailash Gahlot said in a tweet: "The Delhi government's announcement of a 20% reduction in circular rates for all categories will be in effect until June 30, 2022. We promise all Delhiites that, under the leadership of Hon'ble Chief Minister @ArvindKejriwal ji, we would continue to stand with our people in times of need."

The minister also shared the copy of the order 

"In pursuance of rule 4 of the Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007, reviewed with the Ministry of Home Affairs, Government of India, read with subsequent Notification of this Government No. F.1(2854) 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, annexed to this notification and since it is considered that these extensions of minimum rates should be brought into force at once, The Lt. Governor also orders that they go into effect right away, without being publicized first.

All Registering Authorities in Delhi shall continue to consider the above rates, among other things, for the registration of instruments… Continue Reading...

Tagged: Real Estate Act  
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