New Delhi, Jan. 14 -- Delhi Pradesh Congress Committee President Devender Yadav on Wednesday said any decision to alter circle rates-the minimum valuation set by the government for property transactions-should only be made after consultations with Resident Welfare Associations and the public. He warned that an increase would raise property costs and associated taxes for buyers.
Yadav referenced the last revision in 2014, enacted during President's Rule, which saw rates rise by 20 per cent. He claimed the current BJP-led administration is considering a hike ranging from 10 to 40 per cent across different property categories. According to figures he cited, current circle rates in top-tier areas stand at Rs. 7,74,000 per square meter, scaling...