Delhi circle rate in 2024

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Every property is assigned a fundamental minimum value, and in India, this value is established by the state government, taking various factors into consideration. The term used to denote this basic minimum value varies across the country. In many northern states, including Delhi, it is commonly referred to as the "circle rate." Prospective buyers looking to acquire land or property in the national capital must be well-informed about the prevailing circle rates. This knowledge ensures that they pay a fair value for the property. Additionally, understanding circle rates is essential for effective purchase planning, as they directly impact the amount a buyer will need to pay for stamp duty and registration fees.

What is circle rate?

As per the income tax department, the circle rate is the value determined by state governments for calculating stamp duty payments related to the transfer of immovable property. Essentially, the circle rate represents the government-prescribed value assigned to land within a state. These rates undergo periodic adjustments to align them with the current market rates of properties. Circle rates vary across different areas within a city. Premium locations typically have higher circle rates, while other areas have comparatively lower rates. These adjustments ensure that circle rates remain reflective of the prevailing property market conditions.

How does circle rate impact a homebuyer?

Also known as guidance value, collector rate, collector rate and ready reckoner rate, circle rates help the buyer have a clear idea about the exact value of the property as assigned by the state government. Even though he might have to pay more than the government attached value of the property because the market rate of properties are often higher than the circle rate, knowledge of the circle rate helps him make an informed decision, which can also help him negotiate better with the seller.

More importantly, the buyer gets a clear idea about how much money he would be spending on his home purchase once he finds out the circle rate of the property. Since states charge a certain value of the circle rate-value of the property as stamp duty and registration fee, the buyer will be able to make exact calculations about this government mandated additional fee which is part and parcel of all property transactions.

Delhi circle rate for flats in 2024

Area DDA, society flats (per square metre) Private builder flats (per square metre) Multiplying factors for private colonies
Up to 30 sqm Rs 50,400 Rs 55,400 1.1
30-50 sqm Rs 54,480 Rs 62,652 1.15
50-100 sqm Rs 66,240 Rs 79,488 1.2
Over 100 sqm Rs 76,200 Rs 95,250 1.25
Multi-storey apartment Rs 87,840 Rs 1.1 lakh 1.25

A square metre is equal to 10.76 square foot.

 

Delhi circle rate for residential and commercial plots in 2024

Category Land cost (per sqm) Construction cost: Residential (per sqm) Construction cost: Commercial (per sqm)
A Rs 7.74 lakh Rs 21,960 Rs 25,200
B Rs 2.46 lakh Rs 17,400 Rs 19,920
C Rs 1.6 lakh Rs 13,920 Rs 15,960
D Rs 1.28 lakh Rs 11,160 Rs 12,840
E Rs 70,080 Rs 9,360 Rs 10,800
F Rs 56,640 Rs 8,220 Rs 9,480
G Rs 46,200 Rs 6,960 Rs 8,040
H Rs 23,280 Rs 3,480 Rs 3,960

Delhi circle rate  for agricultural land 2024

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

Delhi circle rate of land in colonies in 2024

Area Land cost per sqm Construction cost
Lodi Road Industrial Area Rs 7.74 lakh Rs 21,960
Maharani Bagh Rs 7.74 lakh Rs 21,960
Nehru Place Rs 7.74 lakh Rs 21,960
New Friends Colony Rs 7.74 lakh Rs 21,960
Panchshila Park Rs 7.74 lakh Rs 21,960
Rajendra Place Rs 7.74 lakh Rs 21,960
Shanti Niketan Rs 7.74 lakh Rs 21,960
Sunder Nagar Rs 7.74 lakh Rs 21,960
Vasant Vihar Rs 7.74 lakh Rs 21,960
Anand Niketan Rs 7.74 lakh Rs 21,960
Basant Lok DDA Complex Rs 7.74 lakh Rs 21,960
Bhikaji Cama Place Rs 7.74 lakh Rs 21,960
Friends Colony Rs 7.74 lakh Rs 21,960
Friends Colony East Rs 7.74 lakh Rs 21,960
Friends Colony West Rs 7.74 lakh Rs 21,960
Golf Links Rs 7.74 lakh Rs 21,960
Kalindi Colony Rs 7.74 lakh Rs 21,960
Anand Lok Rs 2.46 lakh Rs 17,400
Andrews Ganj Rs 2.46 lakh Rs 17,400
Defence Colony Rs 2.46 lakh Rs 17,400
Greater Kailash I Rs 2.46 lakh Rs 17,400
Greater Kailash II Rs 2.46 lakh Rs 17,400
Greater Kailash III Rs 2.46 lakh Rs 17,400
Greater Kailash IV Rs 2.46 lakh Rs 17,400
Green Park Rs 2.46 lakh Rs 17,400
Gulmohar Park Rs 2.46 lakh Rs 17,400
Hamdard Nagar Rs 2.46 lakh Rs 17,400
Hauz Khas Rs 2.46 lakh Rs 17,400
Maurice Nagar Rs 2.46 lakh Rs 17,400
Munirka Vihar Rs 2.46 lakh Rs 17,400
Neeti Bagh Rs 2.46 lakh Rs 17,400
Nehru Enclave Rs 2.46 lakh Rs 17,400
Nizamuddin East Rs 2.46 lakh Rs 17,400
Pamposh Enclave Rs 2.46 lakh Rs 17,400
Panchsheel Park Rs 2.46 lakh Rs 17,400
Safdarjang Enclave Rs 2.46 lakh Rs 17,400
Sarvapriya Vihar Rs 2.46 lakh Rs 17,400
Sarvodaya Enclave Rs 2.46 lakh Rs 17,400
Civil Lines Rs 1.60 lakh Rs 13,920
East of Kailash Rs 1.60 lakh Rs 13,920
East Patel Nagar Rs 1.60 lakh Rs 13,920
Jhandewalan Area Rs 1.60 lakh Rs 13,920
Kailash Hill Rs 1.60 lakh Rs 13,920
Kalkaji Rs 1.60 lakh Rs 13,920
Lajpat Nagar I Rs 1.60 lakh Rs 13,920
Lajpat Nagar II Rs 1.60 lakh Rs 13,920
Lajpat Nagar III Rs 1.60 lakh Rs 13,920
Lajpat Nagar IV Rs 1.60 lakh Rs 13,920
Malviya Nagar Rs 1.60 lakh Rs 13,920
Masjid Moth Rs 1.60 lakh Rs 13,920
Munirka Rs 1.60 lakh Rs 13,920
Nizamuddin West Rs 1.60 lakh Rs 13,920
Panchsheel Extension Rs 1.60 lakh Rs 13,920
Punjabi Bagh Rs 1.60 lakh Rs 13,920
Som Vihar Rs 1.60 lakh Rs 13,920
Vasant Kunj Rs 1.60 lakh Rs 13,920
Alaknanda Rs 1.60 lakh Rs 13,920
Chittaranjan Park Rs 1.60 lakh Rs 13,920
New Rajinder Nagar Rs 1.28 lakh Rs 11,160
Old Rajinder Nagar Rs 1.28 lakh Rs 11,160
Rajouri Garden Rs 1.28 lakh Rs 11,160
Anand Vihar Rs 1.28 lakh Rs 11,160
Daryaganj Rs 1.28 lakh Rs 11,160
Dwarka Rs 1.28 lakh Rs 11,160
East End Apartments Rs 1.28 lakh Rs 11,160
Gagan Vihar Rs 1.28 lakh Rs 11,160
Hudson Line Rs 1.28 lakh Rs 11,160
Indraprastha Extension Rs 1.28 lakh Rs 11,160
Janakpuri Rs 1.28 lakh Rs 11,160
Jangpura A Rs 1.28 lakh Rs 11,160
Jangpura Extension Rs 1.28 lakh Rs 11,160
Jasola Vihar Rs 1.28 lakh Rs 11,160
Karol Bagh Rs 1.28 lakh Rs 11,160
Kirti Nagar Rs 1.28 lakh Rs 11,160
Mayur Vihar Rs 1.28 lakh Rs 11,160
Chandni Chowk Rs 70,080 Rs 9,360
East End Enclave Rs 70,080 Rs 9,360
Gagan Vihar Extension Rs 70,080 Rs 9,360
Hauz Qazi Rs 70,080 Rs 9,360
Jama Masjid Rs 70,080 Rs 9,360
Kashmere Gate Rs 70,080 Rs 9,360
Khirki Extension Rs 70,080 Rs 9,360
Madhuban Enclave Rs 70,080 Rs 9,360
Mahavir Nagar Rs 70,080 Rs 9,360
Moti Nagar Rs 70,080 Rs 9,360
Pahar Ganj Rs 70,080 Rs 9,360
Pandav Nagar Rs 70,080 Rs 9,360
Rohini Rs 70,080 Rs 9,360
Sarai Rihilla Rs 70,080 Rs 9,360
Zakir Nagar Okhla Rs 56,640 Rs 8,220
Anand Parbat Rs 56,640 Rs 8,220
Arjun Nagar Rs 56,640 Rs 8,220
Daya Basti Rs 56,640 Rs 8,220
Dilshad Colony Rs 56,640 Rs 8,220
Dishad Garden Rs 56,640 Rs 8,220
BR Amdedkar Colony Rs 56,640 Rs 8,220
Ganesh Nagar Rs 56,640 Rs 8,220
Govindpuri Rs 56,640 Rs 8,220
Hari Nagar Rs 56,640 Rs 8,220
Jangpura B Rs 56,640 Rs 8,220
Madhu Vihar Rs 56,640 Rs 8,220
Majnu Ka Tila Rs 56,640 Rs 8,220
Mukheree Park Extension Rs 56,640 Rs 8,220
Nand Nagri Rs 56,640 Rs 8,220
Uttam Nagar Rs 56,640 Rs 8,220
Ambedkar Nagar Jahangirpuri Rs 46,200 Rs 6,960
Amdedkar Nagar East Delhi Rs 46,200 Rs 6,960
Amber Vihar Rs 46,200 Rs 6,960
Dabri Extension Rs 46,200 Rs 6,960
Dakshinpuri Rs 46,200 Rs 6,960
Dashrath Puri Rs 46,200 Rs 6,960
Hari Nagar Extension Rs 46,200 Rs 6,960
Vivek Vihar Phase I Rs 46,200 Rs 6,960
Tagore Garden Rs 46,200 Rs 6,960
Sultanpur Majra Rs 23,280 Rs 3,480

Factors that impact circle rate in Delhi 

Property circle rates in Delhi depend on a number of factors, such as:

Type of property

While circle rates are lower for residential properties in Delhi, they are comparatively higher for commercial properties.

Age of the property

The age of the property is also considered while determining the circle rate of properties in the national capital.

Circle rates: Age factor in Delhi
Factor Rate
Pre-1960 0.5
1960-69 0.6
1970-79 0.7
1980-89 0.8
1990-1999 0.9
2000 onwards 1

Delhi circle rate

Delhi circle rate

Delhi circle rate

Facilities in the area

The more the facilities, the higher the circle rate in Delhi.

Locality

The higher the market value, the higher the circle rate in Delhi.

Category type of the area

Circle rates of properties in posh areas of Delhi are always higher than the rates in other areas. To ease the process and keep it uniform across the city, the Delhi government has divided the properties in Delhi into eight categories – A to H. Delhi’s most expensive posh areas are in Category A while Category H has the lowest-value areas of the city. We will touch up on this topic in the latter sections of this article.

List of colonies in Delhi by category

Category A

Friends Colony East

Friends Colony West

Golf Links

Kalindi Colony

Lodi Road Industrial Area

Maharani Bagh

Nehru Place

New Friends Colony

Panchshila Park

Rajendra Place

Shanti Niketan

Sunder Nagar

Vasant Vihar

Anand Niketan

Basant Lok DDA Complex

Bhikaji Cama Place

Friends Colony

Category B

Sarvapriya Vihar

Sarvodaya Enclave

Anand Lok

Andrews Ganj

Defence Colony

Greater Kailash-I

Greater Kailash-II

Greater Kailash-III

Greater Kailash-IV

Green Park

Gulmohar Park

Hamdard Nagar

Hauz Khas

Maurice Nagar

Munirka Vihar

Neeti Bagh

Nehru Enclave

Nizamuddin East

Pamposh Enclave

Panchsheel Park

Safdarjang Enclave

 

Category C

Alaknanda

Chittaranjan Park

Civil Lines

East of Kailash

East Patel Nagar

Jhandewalan Area

Kailash Hill

Kalkaji

Lajpat Nagar-I

Lajpat Nagar-II

Lajpat Nagar-III

Lajpat Nagar-IV

Malviya Nagar

Masjid Moth

Munirka

Nizamuddin West

Panchsheel Extension

Punjabi Bagh

Som Vihar

Vasant Kunj

Category D

Jasola Vihar

Karol Bagh

Kirti Nagar

Mayur Vihar

New Rajinder Nagar

Old Rajinder Nagar

Rajouri Garden

Anand Vihar

Daryaganj

Dwarka

East End Apartments

Gagan Vihar

Hudson Line

Indraprastha Extension

Janakpuri

Jangpura A

Jangpura Extension

Category E

Chandni Chowk

East End Enclave

Gagan Vihar Extension

Hauz Qazi

Jama Masjid

Kashmere Gate

Khirki Extension

Madhuban Enclave

Mahavir Nagar

Moti Nagar

Pahar Ganj

Pandav Nagar

Rohini

Sarai Rohilla

 

Category F

Majnu Ka Tila

Mukheree Park Extension

Nand Nagri

Uttam Nagar

Zakir Nagar Okhla

Anand Parbat

Arjun Nagar

Daya Basti

Dilshad Colony

Dilshad Garden

BR Ambedkar Colony

Ganesh Nagar

Govindpuri

Hari Nagar

Jangpura B

Madhu Vihar

 

Category G

Ambedkar Nagar Jahangirpuri

Ambedkar Nagar East Delhi

Amber Vihar

Dabri Extension

Dakshinpuri

Dashrath Puri

Hari Nagar Extension

Vivek Vihar Phase-I

Tagore Garden

Category H

Sultanpur Majra

How to check circle rate in Delhi in 2024?

Step 1: To find circle rates in Vasant Kunj, visit the official website of revenue department of the Delhi government (https://revenue.delhi.gov.in/).

Step 2: On the home page, click on the Notice Borad option.

Step 3: Under the Notice Borad option, click on Previous Notifications.

Step 4: Now select the year 2014, the last time circle rates in Delhi were revised.

Step 5: You will find the revised circle rate file, which you can download. In the list you will be able to check the revised circle rate list for all localities in Delhi.

How to calculate circle rates in Delhi?

Home buyers and investors should know that the property registration process in Delhi and charges such as stamp duty, are based on the higher of the declared property value and the price calculated as per circle rate applicable for the sector or area of Delhi.

Usually, commercial properties have higher circle rates, as compared to residential properties. It may also vary, based on the type and age of the property. Properties built after the year 2000 have a maximum multiplier of 1 while the older buildings have it in the range of 0.5-0.9.

You can calculate the circle rates in Delhi by visiting the Delhi government’s online registration information system.

Delhi circle rate

Alternatively, you can follow the below steps to calculate the circle rate in Delhi.

Step 1: Determine whether the property is used for residential or commercial purpose.

Step 2: Consider the type of property – whether it is a flat, apartment, independent house, or a plot of land. The circle rates of different property types vary, even if they fall in the same area.

Step 3: Factor in the ‘age multiplier’ to arrive at property valuation and determine the circle rate accordingly.

Type of property How to calculate?
Independent plot Multiply the plot area with the applicable circle rate (in Rs/sq metre).
Builder floors, DDA flats, society flats Multiply the minimum construction cost with the built-up area (in sq metres). Now, multiply the product with the applicable age factor.
For multi-storey flats Multiply the flat’s built-up area with the applicable circle rates for the multi-storeyed flats (in Rs/sq metre).
For house constructed on a plot Multiply the plot area with the applicable circle rate for the land in the respective locality.

 

Multiply the house’s built-up area with the minimum construction cost. Multiply the product with the applicable age factor for the construction.

How to calculate property value in Delhi using circle rate?

Here is how to calculate the property value, using the circle rate:

  1. Ascertain the property’s built-up area, plot area, age of construction, amenities, floors, etc.
  2. Choose the type of property (residential or commercial unit, plot, house, apartment, builder floor, or shop).
  3. Select the locality of the property
  4. Calculate the minimum assessment figure as per the circle rates given

The formula for calculating the property value is as given below:

Property value = Built-up area (in sq metres) x circle rate for the locality (in Rs per sq metre).

Also Read: DDA’s begins e-auction for over 2,000 flats

Frequently Asked Questions

Ans 1. Circle rates are the minimum property prices designated by the state government, below which sales transactions cannot take place.

Ans 2. You can check the circle rate on Delhi’s DORIS portal.

Ans 3. Stamp duty in Delhi varies between 4% and 6% of the transaction value, while the registration fee is 1% of the transaction value.

Ans 4. Circle rates are the government-determined benchmark value of property in an area below which a property can’t be sold. Market rates on the other hand, is the rate at which properties are sold in a specific market at a particular point of time. In most cases, circle rates of properties are lower than their market rates. To make sure the difference between the two rates is not vast, states periodically change circle rates. They either lower circle rates to bring those closer to the market rates or they hike the circle rates with the same intention.

Ans 5. In India, state governments fix circle rate.

Ans 6. There is no standard time limit for revision of circle rates. States reduce or hike circle rates from time to time to keep them closer to properties' market rates.

Ans 7. Circle rates were first introduced in Delhi in 2007. Those were notified under the provisions of Delhi Stamp (Prevention of Undervaluation of Instruments ) Rules, 2007.

Ans 8. Yes, circle rates of property in various parts of the country are often higher than its market rates. This is because of several factors. While the fluctuations in market rates of property are more prominent, the same can't be said about circle rates. States carefully watch the market trends and take a call on circle rates periodically. On the other hand, market rates reflect the immediate worth of the said property among buyers and sellers in that area.

Ans 9. yes, sometimes circle rates are lower than market rates of property because of the reasons mentioned above.

Ans 10. Under Section 56 (2)(x) of the Income Tax Act, the difference is taxed as ‘other income’ for the buyer, if the market value of the property is lower than its circle rate value. The seller, too, will have to pay capital gains tax on the circle rate of the property.