Circle Rate in Delhi - Area-Wise Categorization List and Notification

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The circle rates in Delhi serve as the fundamental price for properties, establishing the minimum value at which a property, whether it be land, an apartment, or commercial space, cannot be sold. Filing for circle rates in Delhi can be done through online channels. To gain insights into circle rates in New Delhi for various categories such as flats, plots, and multi-story apartments in both DDA and private colonies, refer to this blog for detailed information.

What is the Circle Rate in Delhi? 

In Delhi, the circle rate plays a crucial role as it enables the state government to establish rates for different localities, acting as a measure to curb price speculations. Serving as the minimum property price for transactions, the circle rate in Delhi undergoes periodic reviews to ensure alignment with market values. It's important for potential buyers to note that property registration and stamp duties in Delhi are calculated based on the higher declared value, considering the property price as determined by the applicable circle rate in the region or market.

Factors Affecting Circle Rate in Delhi

The circle rate in Delhi varies for different regions based on variables such as:

  • Market Value: The market value of a property is one factor that the government considers when evaluating the circle rates for a specific piece of property in Delhi. Usually, a property's market value is higher than its circle rate.
  • Usage: The usage of the property is another factor that affects its circle rates. Properties being used for commercial purposes have higher circle rates in comparison to the ones being used for residential purposes.
  • Amenities/Facilities:The facilities and amenities available at the property may increase or decrease its circle rates. Properties with advanced amenities, such as a jogging track, guest accommodation, swimming pool, etc., usually have higher circle rates.
  • Location of the Property:The location also plays a critical role in determining the circle rates in Delhi. The circle rate for a property in an average locality is lower than that in a posh area.
  • Type of Construction:Property type also affects circle rates in Delhi. The circle rate for a government property is usually lower than the one constructed by a private real estate developer.

Depending on these variables, the areas are classified into eight groups, from A to H. At the same time, the areas with the highest values and posh facilities fall under category A. However, the areas with the lowest value fall under category H.

How Circle Rate in Delhi is Different from the Market Rate

As mentioned, the government defines circle rates in Delhi. On the other hand, market rates are calculated based on various factors, such as the facilities and amenities available in a given locality. Here are a few pointers to help you differentiate circle rates in Delhi from market rates.

  • Property Registration:Property registration can be done only on circle rates in Delhi. On the other hand, property owners can ask for market rates when selling their properties.
  • Stamp Duty Calculation:Like property registration, the stamp duty charges are also calculated based on the circle rates in Delhi.
  • Revision: Circle rates in Delhi are revised less frequently than market rates. Circle rates cannot be revised more than twice a year. In contrast, market rates fluctuate multiple times depending upon the market condition and demand-supply ratio of the given location.

How to Calculate the Circle Rate in Delhi?

Find below the steps to calculate the Circle Rate in Delhi.

Step 1: Visiting the Delhi Online Registration Information System website.

Step 2: Once on the website, select your respective Sub-Registrar, Locality, Deed Name, and Sub-Deed Name.

Step 3: Next, the site asks for a few other details related to the property, such as property type, sub-property type, consideration amount, and gender of the party. You need to provide these details.

Step 4: Based on this information, the portal calculates the circle rate in Delhi for the area.

Category-Wise Classification of Areas for Circle Rates in Delhi

The different localities of Delhi are classified from category A to H to decide upon the circle rate of property in Delhi.

Localities 

Categories 

Friends Colony (East & West), Kalindi Colony, Maharani Bagh, Golf Links, Lodi Road Industrial Area, Nehru Place, Panchshila Park, Shanti Niketan, Vasant Vihar, New Friends Colony, Rajendra Place, Sunder Nagar, Anand Niketan, Bhikaji Cama Place, Basant Lok DDA Complex, Friends Colony

Category A

Sarvapriya Vihar, Anand Lok, Defence Colony, Sarvodaya Enclave, Andrews Ganj, Greater Kailash (I, II, III and IV), Green Park, Hamdard Nagar, Maurice Nagar, Neeti Bagh, Nizamuddin East, Panchsheel Park, Gulmohar Park, Hauz Khas, Munrika Vihar, Nehru Enclave, Pamposh Enclave, Safdarjung Enclave

Category B

Alaknanda, Civil Lines, East Patel Nagar, Kailash Hill, Chittaranjan Park, East of Kailash, Jhandewalan Area, Kalkaji, Malviya Nagar, Lajpat Nagar (I, II, III and IV), Munirka, Punjabi Bagh, Vasant Kunj, Masjid Moth, Nizamuddin West, Som Vihar, Panchsheel Extension.

Category C

Jasola Vihar, Kirti Nagar, Rajinder Nagar (New & Old), Karol Bagh, Mayur Vihar, Rajouri Garden, Daryaganj, East End Apartments, Hudson Lane, Janakpuri, Jangpura Extension, Anand Vihar, Dwarka, Gagan Vihar, Indraprastha Extension, Jangpura A

Category D

Chandni Chowk, Gagan Vihar Extension, Jama Masjid, Khirki Extension, Mahavir Nagar, Pahar Ganj, Rohini, East End Enclave, Hauz Qazi, Kashmere Gate, Madhuban Enclave, Moti Nagar, Pandav Nagar, Sarai Rihilla

Category E

Majnu Ka Tila, Nand Nagri, Zakir Nagar Okhla, Arjun Nagar, Dilshad Colony, BR Ambedkar Colony, Govindpuri, Jangpura B, Mukherjee Park Extension, Uttam Nagar, Anand Prabhat, Daya Basti, Dilshad Garden, Ganesh Nagar, Hari Nagar, Madhu Vihar

Category F

Ambedkar Nagar Jahangirpuri, Amber Vihar, Dakshinpuri, Hari Nagar Extension, Tagore Garden, Ambedkar Nagar East Delhi, Dabri Extension, Dashrath Puri, Vivek Vihar Phase I

Category G

Sultanpur Majra

Category H

 Circle Rates in Delhi 2023 for Residential and Commercial Land

The table below showcases the circle rates in Delhi for residential and commercial properties:

Area

Category

Land cost (per sq m)

Construction cost: Residential (per sq m)

Construction cost: Commercial (per sq m)

Friends Colony East

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Friends Colony West

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Golf Links

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Kalindi Colony

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Lodi Road Industrial Area

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Maharani Bagh

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Nehru Place

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

New Friends Colony

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Panchshila Park

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Rajendra Place

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Shanti Niketan

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Sunder Nagar

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Vasant Vihar

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Anand Niketan

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Basant Lok DDA Complex

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Bhikaji Cama Place

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Friends Colony

A

Rs 7.74 lakh

Rs 21,960

Rs 25,200

Sarvapriya Vihar

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Sarvodaya Enclave

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Anand Lok

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Andrews Ganj

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Defence Colony

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Greater Kailash 1

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Greater Kailash 2

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Greater Kailash 3

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Greater Kailash 4

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Green Park

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Gulmohar Park

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Hamdard Nagar

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Hauz Khas

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Maurice Nagar

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Munirka Vihar

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Neeti Bagh

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Nehru Enclave

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Nizamuddin East

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Pamposh Enclave

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Panchsheel Park

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Safdarjang Enclave

B

Rs 2.46 lakh

Rs 17,400

Rs 19,920

Alaknanda

C

Rs 1.6 lakh

Rs 13,920

Rs 15,960

Chittaranjan Park

C

Rs 1.6 lakh

Rs 13,921

Rs 15,961

Civil Lines

C

Rs 1.6 lakh

Rs 13,922

Rs 15,962

East of Kailash

C

Rs 1.6 lakh

Rs 13,923

Rs 15,963

East Patel Nagar

C

Rs 1.6 lakh

Rs 13,924

Rs 15,964

Jhandewalan Area

C

Rs 1.6 lakh

Rs 13,925

Rs 15,965

Kailash Hill

C

Rs 1.6 lakh

Rs 13,926

Rs 15,966

Kalkaji

C

Rs 1.6 lakh

Rs 13,927

Rs 15,967

Lajpat Nagar 1

C

Rs 1.6 lakh

Rs 13,928

Rs 15,968

Lajpat Nagar 2

C

Rs 1.6 lakh

Rs 13,929

Rs 15,969

Lajpat Nagar 3

C

Rs 1.6 lakh

Rs 13,930

Rs 15,970

Lajpat Nagar 4

C

Rs 1.6 lakh

Rs 13,931

Rs 15,971

Malviya Nagar

C

Rs 1.6 lakh

Rs 13,932

Rs 15,972

Masjid Moth

C

Rs 1.6 lakh

Rs 13,933

Rs 15,973

Munirka

C

Rs 1.6 lakh

Rs 13,934

Rs 15,974

Nizamuddin West

C

Rs 1.6 lakh

Rs 13,935

Rs 15,975

Panchsheel Extension

C

Rs 1.6 lakh

Rs 13,936

Rs 15,976

Punjabi Bagh

C

Rs 1.6 lakh

Rs 13,937

Rs 15,977

Som Vihar

C

Rs 1.6 lakh

Rs 13,938

Rs 15,978

Vasant Kunj

C

Rs 1.6 lakh

Rs 13,939

Rs 15,979

Jasola Vihar

D

Rs 1.28 lakh

Rs 11,160

Rs 12,840

Karol Bagh

D

Rs 1.28 lakh

Rs 11,161

Rs 12,841

Kirti Nagar

D

Rs 1.28 lakh

Rs 11,162

Rs 12,842

Mayur Vihar

D

Rs 1.28 lakh

Rs 11,163

Rs 12,843

New Rajinder Nagar

D

Rs 1.28 lakh

Rs 11,164

Rs 12,844

Old Rajinder Nagar

D

Rs 1.28 lakh

Rs 11,165

Rs 12,845

Rajouri Garden

D

Rs 1.28 lakh

Rs 11,166

Rs 12,846

Anand Vihar

D

Rs 1.28 lakh

Rs 11,167

Rs 12,847

Daryaganj

D

Rs 1.28 lakh

Rs 11,168

Rs 12,848

Dwarka

D

Rs 1.28 lakh

Rs 11,169

Rs 12,849

East End Apartments

D

Rs 1.28 lakh

Rs 11,170

Rs 12,850

Gagan Vihar

D

Rs 1.28 lakh

Rs 11,171

Rs 12,851

Hudson Line

D

Rs 1.28 lakh

Rs 11,172

Rs 12,852

Indraprastha Extension

D

Rs 1.28 lakh

Rs 11,173

Rs 12,853

Janakpuri

D

Rs 1.28 lakh

Rs 11,174

Rs 12,854

Jangpura A

D

Rs 1.28 lakh

Rs 11,175

Rs 12,855

Jangpura Extension

D

Rs 1.28 lakh

Rs 11,176

Rs 12,856

Chandni Chowk

E

Rs 70,080

Rs 9,360

Rs 10,800

East End Enclave

E

Rs 70,081

Rs 9,361

Rs 10,801

Gagan Vihar Extension

E

Rs 70,082

Rs 9,362

Rs 10,802

Hauz Qazi

E

Rs 70,083

Rs 9,363

Rs 10,803

Jama Masjid

E

Rs 70,084

Rs 9,364

Rs 10,804

Kashmere Gate

E

Rs 70,085

Rs 9,365

Rs 10,805

Khirki Extension

E

Rs 70,086

Rs 9,366

Rs 10,806

Madhuban Enclave

E

Rs 70,087

Rs 9,367

Rs 10,807

Mahavir Nagar

E

Rs 70,088

Rs 9,368

Rs 10,808

Moti Nagar

E

Rs 70,089

Rs 9,369

Rs 10,809

Pahar Ganj

E

Rs 70,090

Rs 9,370

Rs 10,810

Pandav Nagar

E

Rs 70,091

Rs 9,371

Rs 10,811

Rohini

E

Rs 70,092

Rs 9,372

Rs 10,812

Sarai Rohilla

E

Rs 70,093

Rs 9,373

Rs 10,813

Majnu Ka Tila

F

Rs 56,640

Rs 8,220

Rs 9,480

Mukheree Park Extension

F

Rs 56,641

Rs 8,221

Rs 9,481

Nand Nagri

F

Rs 56,642

Rs 8,222

Rs 9,482

Uttam Nagar

F

Rs 56,643

Rs 8,223

Rs 9,483

Zakir Nagar Okhla

F

Rs 56,644

Rs 8,224

Rs 9,484

Anand Parbat

F

Rs 56,645

Rs 8,225

Rs 9,485

Arjun Nagar

F

Rs 56,646

Rs 8,226

Rs 9,486

Daya Basti

F

Rs 56,647

Rs 8,227

Rs 9,487

Dilshad Colony

F

Rs 56,648

Rs 8,228

Rs 9,488

Dilshad Garden

F

Rs 56,649

Rs 8,229

Rs 9,489

BR Ambedkar Colony

F

Rs 56,650

Rs 8,230

Rs 9,490

Ganesh Nagar

F

Rs 56,651

Rs 8,231

Rs 9,491

Govindpuri

F

Rs 56,652

Rs 8,232

Rs 9,492

Hari Nagar

F

Rs 56,653

Rs 8,233

Rs 9,493

Jangpura B

F

Rs 56,654

Rs 8,234

Rs 9,494

Madhu Vihar

F

Rs 56,655

Rs 8,235

Rs 9,495

Ambedkar Nagar Jahangirpuri

G

Rs 46,200

Rs 6,960

Rs 8,040

Ambedkar Nagar East Delhi

G

Rs 46,201

Rs 6,961

Rs 8,041

Amber Vihar

G

Rs 46,202

Rs 6,962

Rs 8,042

Dabri Extension

G

Rs 46,203

Rs 6,963

Rs 8,043

Dakshinpuri

G

Rs 46,204

Rs 6,964

Rs 8,044

Dashrath Puri

G

Rs 46,205

Rs 6,965

Rs 8,045

Hari Nagar Extension

G

Rs 46,206

Rs 6,966

Rs 8,046

Vivek Vihar Phase I

G

Rs 46,207

Rs 6,967

Rs 8,047

Tagore Garden

G

Rs 46,208

Rs 6,968

Rs 8,048

Sultanpur Majra

H

Rs 23,280

Rs 3,480

Rs 3,960

Samaypur Badli

H

Rs 23,280

Rs 3,480

Rs 3,960

Mukund Pur

H

Rs 23,280

Rs 3,480

Rs 3,960

Burari

H

Rs 23,280

Rs 3,480

Rs 3,960

Timar Pur

H

Rs 23,280

Rs 3,480

Rs 3,960

Inderpuri

H

Rs 23,280

Rs 3,480

Rs 3,960

Sarup Nagar

H

Rs 23,280

Rs 3,480

Rs 3,960

Kanjhawala

H

Rs 23,280

Rs 3,480

Rs 3,960

 

What is the Circle Rate in Delhi for Flats?

The circle rate in Delhi for flats differs based on the type of flat. The following table will highlight the circle rate in Delhi. 

Area

DDA, society flats (per sq metre)

Private builder flats (per sq metre)

Multiplying factors for private colonies

Up to 30 sq metres

Rs 50,400

Rs 55,400

1.1

30-50 sq metres

Rs 54,480

Rs 62,652

1.15

50-100 sq metres

Rs 66,240

Rs 79,488

1.2

More than 100 sq metres

Rs 76,200

Rs 95,250

1.25

Multi-storey apartment

Rs 87,840

Rs 1.1 lakhs

1.25

Circle Rate in Delhi for Agricultural Land

Circle rate in Delhi for agricultural land is as follows:-

District

Green belt villages (in Rs crore per acre)

Urbanised villages (in Rs crore per acre)

Rural villages (in Rs crore per acre)

South

5

5

5

North

3

3

3

West

3

3

3

North-west

3

3

3

South-west

3

4

3

New Delhi

5

5

5

Central

NA

2.5

2.5

South-east

NA

4

2.5

Shahdara

2.3

2.3

2.3

North-east

NA

2.3

2.3

East

NA

2.3

2.3

What is the Age Factor Followed for Circle Rate in Delhi?

The age factor followed for calculating the circle rate in Delhi is as follows:

Factor 

Pre-1960

1960-69

1970-79

1980-89

1990-2000

2000 Onwards

Rate 

0.5

0.6

0.7

0.8

0.9

1

What are the Different Multiplying Factors for Calculating the Circle Rate in Delhi?

The multiplying factor which helps in calculating the circle rate in Delhi for different types of structure is as follows:

Structure 

Multiplying Factor 

Pucca 

1

Semi-Pucca

0.75

Kaccha 

0.5

What is the Circle Rate in Delhi for Plots?

The New Delhi Municipal Corporation (NDMC) administrative area comprises residential plots in the A to H categories. Below is the circle rate for all residential plot categories in Delhi.

Categories

Cost of Construction per Square Meter (Rupees)

Minimum rates for valuation of land for residential use (Per Square Meter in Rupees)

A

21,960

7,74,000

B

17,400

2,46,000

C

13,920

1,60,000

D

11,160

1,28,000

E

9,360

70,080

F

8,220

56,640

G

6,960

46,200

H

3,480

23,280

 

Agricultural Land Circle Rates in Delhi

Delhi Chief Minister Arvind Kejriwal has recently approved the hike in circle rates in Delhi for agricultural land. The revenue department shared the proposal to hike the circle rates for land near Yamuna Barrage. 
 
For agricultural land, the circle rate was flat at Rs 53 Lakhs per acre of land. However, based on their locations, the tariffs have been increased. Presently, agricultural land is categorised under heads such as green belt villages, urbanised villages, and rural villages. 
The new circle rates for the agricultural land based on their location are as follows:

Location of Agriculture Land 

New Circle Rates (per acre)

South Delhi and New Delhi 

Rs 5 Crores

North, West, Northwest and Southwest Delhi

Rs 3 Crores

Central and Southeast Delhi

Rs 2.5 Crores

Shahadra, Northeast, East Delhi 

Rs 2.25 Crores 

The rates for urbanised villages in Southwest Delhi are Rs 4 Crores. The rates for remaining rural and urbanised villages will remain the same. These circle rates were last updated in 2008, more than ten years ago.

How to Calculate the Circle Rate in Delhi for Different Property Types

Find below the circle rate calculation formulas to calculate the Delhi circle rate for different types of properties.

  • Independent Plots:To calculate the Delhi circle rate of an independent plot, you need to multiply the plot area by the applicable circle rate amount (per square mtr) based on the locality.
  • Builder Floors:To calculate the Delhi circle rate of a builder floor, multiply the total built-up area by the minimum construction cost of the property. Once done, multiply the product with the age factor applicable to the property.
  • DDA/Society Flats:To calculate the Delhi circle rate of DDA or society flats,, multiply the total built-up area by the minimum construction cost of the property. Then, multiply the product by the age factor applicable to the property.
  • Multi-Storey Apartments:To calculate the Delhi circle rate of a multi-storey apartment, multiply the total built-up area by the property's applicable Delhi circle rate.
  • Residential Houses: To calculate the Delhi circle rate of a built-up residential flat, multiply the total built-up area by the minimum construction cost of the property. Once done, multiply the product by the age factor applicable to the property

Things to Remember When Calculating Circle Rate in Delhi

At the time of calculating the circle rate in Delhi, you need to follow the below-mentioned guidelines:

  • In some cases, circle Rates in Delhi may be higher than the Market Rates.
  • Ensure you provide the correct property-related details to get the right Circle Rate in Delhi.
  • Circle Rates in Delhi are calculated based on the colonies and societies' categories (A to H).
  • The quality of construction, facilities, and amenities available in a specific area also impacts its circle rate in Delhi.
  • The circle rate varies depending on the property's use. Rates for residential use are lower than for commercial purposes.
  • Consider the form of property, whether it is an apartment, an independent house, or a parcel of land.
  • An 'age multiplier' achieves property valuation and sets the circle rate accordingly. Now, look at the age factor that affects Delhi property circle prices.

How to Evaluate a Property Using Circle Rate in Delhi

The value of a property is calculated based on its circle rate in Delhi. Here is how you can evaluate your property with the help of its circle rate.

Step 1: Gather property-related details. You may need to provide details like the plot area, built-up area, floors, building age, amenities, etc.

Step 2: Select the property type depending on its use. The property types include residential, commercial, and agricultural.

Step 3: Find the property's location information. You may need to provide your property's village, district, or tehsil to calculate its value.

Step 4: Calculate the property value by multiplying the built-up area by the circle rate in Delhi for the property's location.

Revision of Circle Rates in Delhi

The Delhi State Government plans to revise the circle rates for residential and commercial properties in the city. 

In  August 2023, the Revenue Department submitted a proposal to create sub-categories within the current categories A to H for residential areas. But the Finance Department returned it with objections and suggestions. 

The authorities are now revisiting the proposal based on the feedback they have received. They are reconsidering the proposed 35% hike in Delhi Circle rates after receiving input from stakeholders who suggested upgrading or downgrading certain colonies. 

  • The minimum rates for residential areas were last increased in 2014.
  • In early August, the circle rates for agricultural property went up from Rs 53 lakh per acre to Rs 2 to 5 crore per area. 
  • The Dharmaranjan Committee established the circle rates in Delhi in 2024. The committee divided the city into eight categories. 
  • However, there were complaints that wealthy colonies were listed within lower categories, resulting in lower circle rates and that some colonies in categories A and B were not affluent. 
  • Therefore, sub-categorisation was proposed, raising the number of total categories from eight to 24. 

With the revision in circle rates, property prices in Delhi may increase. If you plan to purchase a property in Delhi, verify the locality category, property type, and age to determine its per sq m rate.

How Rising Circle Rate in Delhi Affects Property Prices

Circle rates wield a direct influence on property market rates in Delhi. Buyers are required to register their properties and settle stamp duty charges, a calculation hinging on the prevalent circle rate in Delhi. Importantly, these stamp duty and registration charges stand as additional costs atop the market price negotiated between property buyers and sellers. Consequently, any escalation in the circle rate in Delhi results in a proportional increase in stamp duty charges, contributing to an overall surge in the property's value. Therefore, a rise in the circle rate automatically triggers an upward adjustment in property prices commensurate with the extent of the increase.

The Bottom Line

Finally, it's important to note that the circle rate in Delhi serves as the baseline value below which plots, apartments, or commercial properties cannot be legally sold. Specifically, when it comes to commercial properties, the circle rate in Delhi tends to be higher compared to residential flats. The calculation of circle rates in Delhi involves categorizing localities from A to H, with A being associated with the highest circle rates, encompassing upscale areas in Delhi. Conversely, H represents the category with the lowest circle rates in the city. Apart from the area category, various factors, including the age of the building and multiplying factors, are taken into account during the computation of the circle rate in Delhi.

 

Also Read: Maximize Your Rental Income & Minimize Tax: Top Strategies to Save on Taxes

Frequently Asked Questions

Ans 1. The minimum or the lowest price at which the sale of the property apartment, flat or land can happen is the circle rate in Delhi.

Ans 2. To calculate the circle rate in Delhi, you need to know things such as area, type of land, and the multiplier of the building or land.

Ans 3. The registration first circle rate in Delhi started in the year 2007.

Ans 4. Recently, there was a hike in land prices in Delhi. As per the current prices, the agricultural land is somewhere between Rupees 2.25 Crore to 5 Crore.

Ans 5. Ideally, buying a property below the circle rate in Delhi is not possible.

Ans 6. The stamp duty rate in Delhi is somewhere between 4 to 6%. With the reduction in the circle rate in Delhi, the overall value of stamp duty has also declined.

Ans 7. Yes, it is possible for a seller to sell a property below the market value. However, the circle rate in Delhi is the base price below which the property cannot be sold.

Ans 8. Circle rates in Delhi are evaluated by the government and the properties in Delhi can only be registered on the same. On the other hand, the market rate is a value that a sellers can ask for in exchange for their properties when selling them in the open market.

Ans 9. Yes, you need to calculate and pay the stamp duty and registration charges based on circle rates in Delhi.

Ans 10. You can calculate the value of your property by multiplying the built-up area by the circle rate in Delhi for that specific locality.

Ans 11. The circle rate in Delhi was revised in July 2022 and has been in practice since then.

Ans 12. To check the circle rates in Delhi, visit the website of the Department of Stamps and Registration and locate the circle rates of your property.

Ans 13. Yes. The location of the property also plays a critical role in determining the circle rates in Delhi. The circle rate for a property located in an average locality is lower that the one located in a posh area.

Ans 14. Yes. The type of the property is also one of the factors affecting circle rates in Delhi. The circle rate for a government property is usually lower than the one constructed by a private real estate developer.

Ans 15. As per the recent norms, five floors are now allowed in Delhi.

Ans 16. The flat registry charges in Delhi for 30 to 50 sq. m and 50 to 100 sq. m is Rs 62,652 and Rs 79,488, respectively, for private builder floors.

Ans 17. Since 2022, there has been a sharp increase in property rates in Delhi. The increase in property rates is due to the higher input costs and increasing demand for homes.

Ans 18. In the year 2022, the government of Delhi increased the circle rates by 30% in certain posh areas. At the same time, they also reduced the prices in a few other areas.