Delhi Cabinet nod to reduction in property circle rates by 20% for 6 months By IANS | Published on Fri, Feb 5 2021 21:27 IST | 0 Views SC asks banks to finalise proposals to finance unfinished Amrapali projects. Image Source: IANS News New Delhi, Feb 5 : The Delhi Government on Friday announced a 20% reduction in the current circle rates on properties by a 20% in the national capital. According to information received from the Delhi government, a decision in this regard has been taken in a cabinet meeting chaired by Chief Minister Arvind Kejriwal on Friday. "The proposal of reducing the circle rates of residential, commercial, industrial and other properties in Delhi by 20% for the next six months was approved. A reduction of 20% in the circle rate would have an impact close to reduction by 1% in the stamp duty or registration charges. The department was directed to do an exercise accordingly," the Delhi Chief Minister stated in an official statement issued by his office.