The circle rates in Delhi are set for a revision. As the first step, Delhi Chief Minister Rekha Gupta on Saturday announced the formation of a committee headed by the Divisional Commissioner to submit a detailed report on current market conditions and property values, based on which the rates will be revised.

Issuing the directions at a multi-agency review meeting on infrastructure and policy reforms that was attended by officials from the Municipal Corporation of Delhi, Delhi Development Authority (DDA), Delhi Metro Rail Corporation (DMRC) and other key agencies, Ms. Gupta said: “There are inconsistencies in the current circle rate structure across Delhi that require reassessment. The committee will present the report at the earliest after considering all relevant aspects, after which the circle rates will be revised.”

The city’s circle rates, the government-determined minimum value of a property used for registration and taxation, were last revised in 2014, said sources in the government.

The circle rates in the city fall into eight categories of municipal areas designated A-H. Category A is for the most affluent areas, such as Golf Links, Jor Bagh and Vasant Vihar, whereas category H comprises the least affluent parts of the city.