India, Nov. 1 -- The Ghaziabad district administration has decided to call off the plan to increase the circle rates for 2025-26, officials said on Friday, adding that the rates of 2024-25 will prevail with certain changes and the new ones will remain in effect from October 1.

In September, the administration had proposed a hike of 15-20% in circle rates for residential properties, 20% for commercial properties, and an average of 10-15% hike in rates of agricultural land.

Circle rates are minimum property values set by state governments for property transactions, which are used to calculate stamp duty and registration fees. They vary by location and property type and are periodically updated to reflect market conditions.

After the prop...