Karol Bagh, one of the most popular shopping destinations in Delhi, is a mixed-used locality in the central part of the national capital. Home to various wholesale markets of global repute (these include the Tank Road Garment Market, the Ghaffar Market, and the Hardhyan Singh Road Leather Market), Karol Bagh is also a popular residential spot, offering options in various configurations across areas like Ragnar Pura, Bapa Nagar, Dev Nagar, Beadon Pura, and WEA. Those planning to buy properties in this locality should first check the circle rate of the area.
See also: Circle rate in Delhi’s Okhla
What is circle rate?
Circle rate is the minimum amount one must pay while buying a property in Delhi. This rate is decided by the Delhi government and varies from area-to-area. Further, rates may also differ according to the property type, its age, configuration, etc., within an area. Circle rate is also known as collector rate, district collector rate, ready reckoner rate, guidance value, etc.
What is the current circle rate in Karol Bagh?
The Delhi government has divided localities under its jurisdiction into eight categories, from A to H, to assign circle rates. While premium circle rates are charged from areas falling in Category-A, rates are lower for other categories. Karol Bagh has been put in Category-D.
Karol Bagh circle rate for flats in 2023
| Area | DDA, society flats (per sq meter) | Private builder flats (per sq meter) |
| Up to 30 sqm | Rs 50,400 | Rs 55,400 |
| 30-50 sqm | Rs 54,480 | Rs 62,652 |
| 50-100 sqm | Rs 66,240 | Rs 79,488 |
| Over 100 sqm | Rs 76,200 | Rs 95,250 |
Karol Bagh circle rate for multistorey apartment
| DDA, society flats (per sq meter) | Private builder flats (per sq meter) |
| Rs 87,840 | Rs 1.1 Lakh |
Karol Bagh circle rate for residential and commercial plots in 2023
Land cost (per sqm): Rs 1.28 Lakh
Construction cost: Residential (per sqm): Rs 11,160
Construction cost: Commercial (per sqm): Rs 12,840
Karol Bagh circle rate for agricultural land 2023
Green belt villages: NA
Urbanized villages: Rs 2.5 Crore per acre
Rural villages: Rs 2.5 Crore per acre
Karol Bagh circle rate of land in colonies in 2023
| Land cost per sqm/ | Construction cost |
| Rs 1.28 Lakh/ | Rs 11,160 |
How to check the circle rate in Karol Bagh?
Step 1: To find the circle rate in Karol Bagh, visit the official website of the revenue department of the Delhi government (https://revenue.delhi.gov.in/) .
Step 2: On the home page, click on Notice Board.
Step 3: Under the Notice Board, click on Previous Notifications.
Step 4: Now select 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 find the revised circle rate list in Karol Bagh, Delhi.
Should you buy properties in Karol Bagh?
Investing in properties in an area like Karol Bagh makes sense, considering the never-fading appeal of this marketplace, counted as one of the busiest places in Delhi.
As the Delhi government’s tourism department puts it, Karol Bagh is a shopper’s delight for you can find everything here. “The Ajmal Khan Road has long been famous for inexpensive ready-mades, cotton yarn, and embroidered garments. But now international labels have also become equally familiar. At Arya Samaj Road, you can buy second-hand books. Bank Street has a row of shops displaying gold jewelry. Ghaffar Market is famous for imported goods.”
Home to some of the most prestigious educational institutes and hospitals (Sri Guru Nanak Dev Khalsa College, Ramjas Higher Secondary School, Modern Convent School, Apollo Spectra, Saraswati Memorial Hospital, Dr. NC Joshi Memorial Hospital), Karol Bagh offers buyers a well-developed social infrastructure.
What makes this area lucrative for buyers and tenants? Karol Bagh has brilliant roads and metro connectivity. While Jhandewalan and Karol Bagh metro stations of the Delhi Metro Blue Line connect this area with the rest of the city, the Outer Ring Road links it with other parts of Delhi NCR.
Stamp duty on property purchase in Karol Bagh in 2024
| Buyer type | Stamp duty |
| Male | 6% |
| Female | 5% |
| Joint | 5% |
Source: revenue.delhi.gov.in
Registration fee on property purchase in Karol Bagh in 2024
| Gender | Registration charges (as percentage of the property value) |
| Male | 1% |
| Female | 1% |
| Joint | 1% |
Source: revenue.delhi.gov.in
FAQs
Where is Karol Bagh in Delhi?
Karol Bagh is in the central part of the national capital.
Which metro line goes to Karol Bagh?
Delhi Metro’s Blue Line goes to Karol Bagh.
In how many categories are areas in Delhi divided for determining the circle rate?
Areas in Delhi are divided into eight categories for determining the circle rate.
In which category of area does Karol Bagh fall?
Karol Bagh falls under Category-D in Delhi.
What is the circle rate for category D properties in Delhi?
In the case of land, the per square meter cost is Rs 1.28 Lakh.
Who decides the circle rate in Delhi?
The Delhi government decides the circle rate in Delhi.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.
In addition to her professional accomplishments, Sunita holds an MA degree in Sanskrit, with a specialisation in Indian Philosophy, from Delhi University. Outside of her work schedule, she likes to unwind by practising Yoga, and pursues her passion for travel.
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