Circle rate in Delhi’s Nizamuddin

For those who are planning to invest in Delhi’s Nizamuddin, should know about the circle rate in the area.

Nizamuddin is in central Delhi, well-known for its spectacular historical monuments and some of the most affluent residential areas. Named after the 13th century Sufi saint Nizamuddin Auliya, the locality is divided into two parts: Nizamuddin East and Nizamuddin West. Considering these two parts have been put in different categories for the purpose of price calculation, circle rates in Nizamuddin East and Nizamuddin West are different.

See also: Delhi circle rates

 

What is circle rate? How is it different from market rate?

Circle rate is the basic minimum rate a homebuyer should pay for buying a property. Decided by the state government, circle rate is also used as the benchmark to calculate stamp duty and registration charges, two of the main levies imposed on property transactions in India by state governments.

As for circle rates in Delhi, properties have been divided into eight categories, with A being the most expensive and H being the least. While Nizamuddin East falls under Category B properties, Nizamuddin West falls under Category C. Consequently, circle rates are different in the two locations.

See also: What is circle rate?

 

Nizamuddin East circle rate for flats in 2024

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

  

Nizamuddin East circle rate for multistorey apartment

DDA, society flats (per sq meter) Private builder flats (per sq meter)
Rs 87,840 Rs 1.1 Lakh

 

Nizamuddin East circle rate for residential and commercial plots in 2023

Land cost (per sqm): Rs 2.46 Lakh

Construction cost: Residential (per sqm): Rs 17,400

Construction cost: Commercial (per sqm): Rs 19,920

 

Nizamuddin East circle rate for agricultural land 2024

Green belt villages: NA

Urbanized villages: Rs 2.5 Crore per acre

Rural villages: Rs 2.5 Crore per acre

 

Nizamuddin East circle rate of land in colonies in 2024

Land cost per sqm Construction cost
Rs 2.46 Lakh Rs 17,400

 

Nizamuddin West circle rate for flats in 2024

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

 

Nizamuddin East circle rate for multistorey apartment       

DDA, society flats (per sq meter) Private builder flats (per sq meter)
Rs 87,840 Rs 1.1 Lakh

 

Nizamuddin West circle rate for residential and commercial plots in 2023

Land cost (per sqm): Rs 1.60 Lakh

Construction cost: Residential (per sqm): Rs 13,920

Construction cost: Commercial (per sqm): Rs 15,960

 

Nizamuddin West circle rate for agricultural land 2024

Green belt villages: NA

Urbanized villages: Rs 2.5 Crore per acre

Rural villages: Rs 2.5 Crore per acre

 

Nizamuddin West circle rate of land in colonies in 2024

Land cost per sqm Construction cost
Rs 1.60 Lakh          Rs 13,990

 

How to check circle rates in Nizamuddin East/West?

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

 

Circle rate in Delhi’s Nizamuddin

 

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

 

Circle rate in Delhi’s Nizamuddin

 

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

 

Circle rate in Delhi’s Nizamuddin

 

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

 

Circle rate in Delhi’s Nizamuddin

 

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 in Nizamuddin, Delhi.

Circle rate in Delhi’s Nizamuddin

Circle rate in Delhi’s Nizamuddin

Circle rate in Delhi’s Nizamuddin

How to calculate circle rates in Delhi?

Step 1: Find out whether the property will be used for residential or commercial purposes.

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 properties 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.

 

Should you buy property in Nizamuddin?

Circle rate in Delhi’s Nizamuddin
The Isa Khan Tomb in Nizamuddin East, Delhi.

 

Counted among one of the most affluent localities in the National Capital, Nizamuddin is a site for historical monuments of global repute. Nizamuddin offers a unique blend of old-world charm and new-age infrastructure. Dotted with posh bungalows, the area is surrounded by large parks that provide a unique edge to this salubrious area. This centrally located area with access to Delhi’ Ring Road is connected by mega rail, bus, and metro transit networks.

Surrounded by localities like Jangpura, Nagli Rajapur, Pragati Vihar, Sunder Nagar and Kaka Nagar, Nizamuddin offers homebuyers and investors a chance to have a piece of uber-premium properties in Delhi. Those interested in investing in this area would mostly find independent bungalows, with prices running to several crores.

 

Stamp duty on property purchase in Nizamuddin 2024

Buyer type Stamp duty 
Male 6%
Female 5%
Joint 5%

Source: revenue.delhi.gov.in

 

Registration fee on property purchase in Nizamuddin 2024

Gender Registration charges (as percentage of the property value)
Male 1%
Female 1%
Joint 1%

Source: revenue.delhi.gov.in

 

Where is Nizamuddin in Delhi?

Nizamuddin is in the central part of the national capital.

Which metro line goes to Nizamuddin?

Delhi Metro’s Pink Line goes to Nizamuddin.

In how many categories are areas in Delhi divided for circle rate determination?

Areas in Delhi are divided into eight categories for determining the circle rate.

In which category of area does Nizamuddin fall?

Nizamuddin East falls under Category B properties, while Nizamuddin West falls under Category C.

What is the Delhi circle rate for Category B properties?

In the case of land, the per sqm cost is Rs 2.46 Lakh.

What is the Delhi circle rate for Category C properties?

In the case of land, the per sqm cost is Rs 1.6 Lakh.

Who decides circle rates in Delhi?

The Delhi government decides circle rates.

Which are the areas close to Nizamuddin in Delhi?

Pragati Maidan, Mathura Road, Indraprastha, Kilokri, Jungpura, etc., are the nearby localities to Nizamuddin.

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 jhumur.ghosh1@housing.com

 

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