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Haryana Freezes Circle Rates for FY 2025–26, Offers Relief to Property Buyers

April 25, 2025 The Haryana government has announced that circle rates will remain unchanged across the state for the financial year 2025 26 , providing much-needed relief to homebuyers and real estate investors. This decision comes after a sharp increase of 10 30% in December 2024 , which had raised transaction costs and dampened sentiment in several high-demand property markets. Circle rates also referred to as collector rates represent the minimum valuation set by the government for property transactions . These rates are used to calculate stamp duty and registration charges. By maintaining the current rates, the government aims to control acquisition costs, improve affordability, and sustain momentum in the real estate sector . The decision is especially significant for premium markets such as Gurugram and Faridabad , where property activity has remained strong despite recent price volatility. Real Estate Industry Reacts Positively Leading developers and industry stakeholders have welcomed the move, calling it a stability-driven policy decision . Pradeep Aggarwal , Founder and Chairman of Signature Global (India) Ltd., stated that freezing circle rates will help maintain balance in active micro-markets, particularly in Gurugram. He noted that unchanged registration costs reduce financial pressure on buyers , encourage participation from end-users, and strengthen confidence in the housing market. He further added that such measures highlight the government s intent to create a sustainable and growth-oriented real estate environment . Strong Outlook for Gurugram and Other Growth Corridors Echoing similar views, Ashok Kapur , Chairman of Krishna Group and Krisumi Corporation, said the decision offers clarity and reassurance to both buyers and investors. According to him, price predictability plays a crucial role in purchase decisions , especially in a fluctuating economic environment. With demand continuing to remain firm in Gurugram and surrounding regions, industry experts believe this move will boost buyer confidence, support transaction volumes, and promote long-term market stability . What This Means for the Property Market By keeping circle rates unchanged: Property registration costs remain stable Home affordability improves Investor confidence strengthens Transaction transparency increases Sustainable growth is encouraged The policy is expected to drive consistent demand from both end-users and investors , reinforcing Haryana s position as a strong real estate destination in North India.