This means nobody would be allowed to buy land and immovable properties in these colonies for less than Rs 6.45 lakh per sq m. However the Nadar's deal was concluded just before the latest revision, the paper further said.
The land rates in Category B neighbourhood like Andrews Ganj, Kalkaji, Munirka Vihar and Nehru Enclave have been increased to Rs 2,45,520 as against current rate of Rs 2,04,600 per sq m.
The circle rates were first introduced in Delhi in 2007, dividing the capital into eight categories, and were notified under the provisions of the Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007 on July 18, 2007.
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