CIRCLE RATES IN DELHI

CIRCLE RATES IN
DELHI






Circle-rates in Delhi like just Rs 47000 per square meter in ‘A’ category of colonies including Sunder Nagar, New Friends Colony etc. are much-much less than the prevailing market-rates of more than a lakh rupees per square meter. These should be at least equal to reserve-price announced by Delhi Development Authority (DDA) for auction of plots which presently are at least three times higher than the circle-rates. Since most of land-deals are either by investors and builders, country should re-adopt socialistic pattern of imposing a land-ceiling. Otherwise increasing gap between rich and poor can even cause social unrest leading to crimes. Such a step will bring down land-prices drastically.





Also, only way to effectively check involvement of black money in land-deals is to transform currency-circulation in banking transactions so that surplus currency may be ordinary ‘paper’ for all practical purposes. All sale-purchases exceeding say Rs 20000, even though payment may be made in parts, must be through banks. In case of cash-payments, currency-tax @ 30-percent may be imposed. All expenses exceeding Rs 1000 must be allowed when made through cheques/ drafts. Payments of essential services like water, telephone, electricity and municipal taxes for bills exceeding Rs 1000 must be by cheques/ drafts only. Cash-withdrawals from a bank-account in a single day exceeding Rs 20000 may be reported to IT department. Drafts/ Pay-Orders/ Traveller-cheques must carry names and address/ account-numbers of purchasers with reduced validity-period of say 45 days to check their misuse as ‘benami’ drafts for carriers of black money.