Delhi LDO to Use Circle Rates for Leasehold to Freehold Property Conversions
2 hours agoBusiness
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Delhi LDO to Use Circle Rates for Leasehold to Freehold Property Conversions

The Land and Development Office (LDO) in Delhi will soon restart the conversion of leasehold properties to freehold by adopting the Delhi government's circle rates. This change, effective January 1, 2026, will determine conversion charges and ground rent. The LDO, managing approximately 60,000 properties, had paused conversions in December 2022. While specific calculation details are pending, sources suggest charges will be a percentage of the circle rate. This move offers relief to property owners awaiting freehold conversion, a process typically completed before property sale or transfer.

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