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  • Circle Rate in New Delhi

    Circle rate is the minimum price at which a property has to be registered. They are guidelines designated by the government and vary from state to state. State governments use the circle rate to assess the stamp duty charges while the Central government uses it to assess income tax from property transactions. If you are planning to buy property in New Delhi, knowing the circle rates can help you zero down on the properties that match your budget. It can also help you know how much home loan you would need to apply for to buy the property as you can arrive at an estimate of the actual cost of the property based on the circle rate.

    Current Circle Rates in New Delhi 2020

    The 2020 circle rates in New Delhi, based on the square metre for properties in major locations across the city is given below:

    Area Private builder flats DDA society flats Multiplying factors for private colonies
    Multistorey flats Rs.1.1 lakh Rs.87,840 1.25
    More than 100 square metres Rs.95,250 Rs.76,200 1.25
    50 to 100 square metres Rs.79,488 Rs.66,240 1.2
    30 to 50 square metres Rs.62,652 Rs.54,480 1.15
    Up to 30 square metres Rs.55,440 Rs.50,400 1.1

    Circle Rates in New Delhi for Commercial and Residential Plots in 2020

    Land cost (per sq metre) Construction Cost: Commercial (per sq metre) Construction Cost: Residential (per sq.metre)
    Rs 7.74 lakhs Rs 25,200 Rs 21,960
    Rs 2.46 lakhs Rs 19,920 Rs 17,400
    Rs 1.6 lakhs Rs 15,960 Rs 13,920
    Rs 1.28 lakhs Rs 12,840 Rs 11,160
    Rs 70,080 Rs 10,800 Rs 9,360
    Rs 56,640 Rs 9,480 Rs 8,220
    Rs 46,200 Rs 8,040 Rs 6,960
    Rs 23,280 Rs 3,960 Rs 3,480

    Circle Rates for Agricultural Land in New Delhi

    Circle rates for agricultural land have been increased almost ten-fold by the government since 2019. Here are the latest rates:

    District Urbanised villages (in Rs crore per acre) Rural villages (in Rs crore per acre) Green belt villages (in Rs crore per acre)
    New Delhi 5 5 5
    North 3 3 3
    South 5 5 5
    East 2.3 2.3 NA
    West 3 3 3
    Central 2.5 2.5 NA
    North-west 3 3 3
    South-west 4 3 3
    South-east 4 2.5 NA
    North-east 2.3 2.3 NA
    Shahdara 2.3 2.3 2.3

    Circle Rates in Delhi According to Age Factor

    According to the age of the property, an age multiplier is applied to arrive at the circle rates which are given below:

    Factor Rate
    2000 onwards 1
    1990-2000 0.9
    1980-89 0.8
    1970-79 0.7
    1960 - 69 0.6
    Pre 1960 0.5

    How to Calculate Property Value in Delhi Using Circle Rate for Stamp Duty Payment?

    An important part of the price of a property is its stamp duty charges. You can plan ahead with your home loan or funds if you know how much stamp duty you will have to pay on your property. To know this, you can calculate the property value using the circle rate using the steps given below:

    Steps for calculating the property value:

    1. Calculate 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

    Formula for calculating Property Value:

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

    Property value = Built-up area (in square metres) x circle rate for the locality (In Rs./square metres)

    What Does Circle Rate in Delhi Depend Upon?

    The circle rates in Delhi depend on a number of factors as given below:

    • Facilities in the area
    • Market value of the locality
    • Category type of the region in the city in which the property is located in: There are categories A through H, with A having the highest value and thus the highest circle rate and H having the lowest value and thus the lowest circle rate
    • Whether it is a residential or commercial property (circle rates are lower for residential properties)
    • Age multiplier for constructed properties
      

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