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.
What is Circle Rate?
The income tax department states that the value that state governments use to calculate stamp duty when transferring immovable property is known as the circle rate. In simple terms, a circle rate refers to the state-mandated value that is assigned to land. The circle rates are subject to regular adjustments, with the goal of maintaining them in close alignment to the average market rate for properties.
The circle rates vary from one area to another in a city. In premium locations, they are higher, but in other areas, they are relatively lower.
Current Circle Rates in New Delhi
The 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
Land cost (per sq metre) | Construction Cost: Commercial (per sq metre) | Construction Cost: Residential (per sq.metre) |
Rs.7.74 lakh | Rs.25,200 | Rs.21,960 |
Rs.2.46 lakh | Rs.19,920 | Rs.17,400 |
Rs.1.6 lakh | Rs.15,960 | Rs.13,920 |
Rs.1.28 lakh | 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 |
Area | Cost of Land per sq. metre | 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 |
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:
Step 1: Calculate the property's built-up area, plot area, age of construction, amenities, floors, etc.
Step 2: Choose the type of property (residential or commercial unit, plot, house, apartment, builder floor, or shop).
Step 3: Select the locality of the property.
Step 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
City Based Circle Rate Pages
FAQs on Circle Rate in New Delhi
- How to find circle rate in Delhi?
To find circle rates in Delhi, visit the official website of Revenue Department of Delhi Government. For ‘Guidance Value’ or ‘Circle Rates’, select the location and choose the property area or locality. Look for the most recent rates in the financial year. You may also contact the local authorities for any assistance.
- What is the difference between the circle rate and the market rate?
The benchmark value set by the government for properties in a given area below which they cannot be sold is known as the circle rate. Conversely, market rates represent the price at which a property is sold in a given market. The market rates for properties are typically less than their circle rates. States alter the circle rates on a regular basis to ensure that the disparity between the two rates is not too much.
- When are the circle rates revised?
The revision of circle rates is not subject to a set time limit. States change circle rates to maintain them nearer to market rates for properties.
- Can circle rates be more than market rates?
Yes, in many regions of the country, the circle rate for a property tends to be higher than the market rate. This can be attributed to multiple factors. However, circle rates are not subject to the same fluctuations as property market rates. States regularly decide on circle rates after closely observing market trends. Conversely, market rates are a reflection of the property's current value to the area's buyers and sellers.
- When were circle rates introduced in Delhi?
Delhi implemented circle rates for the first time in 2007. Under the Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007, these were notified.
- What are the circle rate registration charges in Delhi?
The circle rate registration charges in Delhi are 1.00% of the transaction value and Rs.100 as pasting fee.
- What is the circle rate in Delhi?
During the purchase or sale of property, the circle rate is used to determine the property value and the lowest circle rate for a residential plot in Delhi is Rs.18,624.
- What is the circle rate of agricultural land in Delhi?
The circle rate of agricultural land in Delhi for Green belt villages, urbanised villages, and rural villages ranges between Rs.2.3 crore to Rs.5 crore.
- What are factors affecting circle rate in Delhi?
The factors affecting the circle rate in Delhi are usage of the property, market value, construction type, location of the property, and amenities provided.
- Does Delhi's Rising Circle Rate affect property prices?
The property market rates in Delhi are directly impacted by the circle rates. Registration of the property and paying stamp duty is a must in Delhi and an increase in circle rate in Delhi increases the stamp duty which in turn increases the property value.
- How is the property rate calculated in Delhi?
To calculate the property rate in Delhi, multiply the square meter plot area with circle rate of land in that area and multiply the house's built-up area in square metres with the minimum construction cost and the multiplier age factor. Add both calculated values of the land and the home to get the final value.
- Is the circle rate reduced in Delhi?
Yes, the circle rates of properties in all categories were reduced by 20% by the Delhi Government in February 2012 to make real estate more affordable.
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