Patel Nagar, in West Delhi, is a significant residential locality, divided into East Patel Nagar, West Patel Nagar and South Patel Nagar. The real estate market in Patel Nagar thrives due to its robust social and physical infrastructure and its proximity to industrial centres. Renowned for its well-designed infrastructure, excellent connectivity and a plethora of shopping and dining choices, Patel Nagar offers a desirable living environment. This article presents details about the circle rates in Patel Nagar.
See also: Circle rate in Mehrauli, Delhi
What are circle rates?
In Delhi, circle rates, also known as ready-reckoner rates, play a crucial role in property transactions. Set by the Delhi Development Authority (DDA), these rates determine the minimum value at which a property can be officially registered in an area. Circle rates are instrumental in calculating stamp duty, registration charges and other taxes associated with real estate transactions.
How to check circle rates in Delhi?
- Visit the official website of the revenue department of the Delhi governmentat https://revenue.delhi.gov.in/.
- Click on Notice Board
- >Previous Notifications. This will lead you to a repository of past notifications, including information on circle rates.
- Select the year 2014, which is the last time circle rates in Delhi were revised. Click on the year to proceed to the relevant documents.
- Download the file to access the comprehensive list of revised circle rates for various localities across Delhi.
See also: Delhi circle rate in 2023
Circle rates in Patel Nagar, Delhi
Delhi government has categorised properties in the city into eight groups, labelled A to H. Category A comprises the most affluent districts, while Category H includes areas with low property values. Patel Nagar is classified under Category D, with a circle rate of Rs 1.28 lakh per sqm.
| Circle rate (per sqm) | Residential construction (per sqm) | Commercial construction (per sqm) |
| Rs 1.28 lakh | Rs 11,160 | Rs 12,840 |
Real estate trends in Patel Nagar, Delhi
Patel Nagar, Delhi: Connectivity
Patel Nagar enjoys excellent connectivity to various parts of the city through well-established routes, such as Goswami Girdhari Lal Marg, Main Mathura Road and Shankar Road. The accessibility of the Patel Nagar Metro Station on the Blue Line enhances convenience, while the Shadipur Metro Station (Blue Line) is conveniently located at 1 km via Prem Prakash Narang Marg. The area is well-served by multiple bus stops and taxi stands, facilitating seamless travel for residents. The New Delhi Railway Station is approximately 8 km away via Pusa Road and the Indira Gandhi International Airport is situated 14 km away via National Highway-48.
Patel Nagar, Delhi: Infrastructure
Patel Nagar boasts a robust infrastructure, contributing to the overall liveability of the area. Patel Nagar offers access to quality healthcare, education and dining options. Prominent medical facilities within a 5-km radius include BLK Super Speciality Hospital, Apex Hospital, Apollo Spectra Hospital and Acharya Shree Bhikshu Hospital. The locality has reputed schools like Mars Public School, DAV Public School, MCD School and Sanskriti Academy. Residents can enjoy a fulfilling shopping experience at Moments Mall (3 km), City Square Mall (5 km), Pacific Mall, Tagore Garden (7 km) and The Chanakya (11 km).
Patel Nagar, Delhi: Residential property
Patel Nagar in Delhi offers varied residential properties, including independent houses and apartments, making it an ideal choice for families and working professionals. The real estate landscape in Patel Nagar is primarily characterised by builder floors and housing projects. Notable residential projects, such as Shree Balaji Anand Apartment, BB Bhanu Homes, Kailash Ajudhiya Apartments and Gambhir Karan Floors, contribute to the housing options in Patel Nagar.
Patel Nagar, Delhi: Commercial property
While Patel Nagar is primarily a residential neighbourhood, its strategic location provides easy access to industrial hubs. The Naraina Industrial Area, situated 5 km away via Goswami Girdhari Lal Marg, hosts prominent companies, like Delcon Industries, MS Chhabra and Company, Supermac Industries, Marshal Industries and Shyn Industries. The Kirti Nagar Industrial Area, 4 km away through Main Patel Road/Main Mathura Road and Sat Guru Ram Singh Road/Kirti Nagar Main Road, accommodates businesses, such as Ruby Iron and Steel Traders, Surya Industries, Exide Industries, Vishal Industries, Electronic Components Manufacturing Company and Krishna Plastic Industries.
Why invest in Patel Nagar, Delhi?
Patel Nagar, Delhi, boasts excellent connectivity through public transport, including the Delhi metro and various bus routes, ensuring easy accessibility from different parts of the city. Patel Nagar provides a diverse range of apartments and gated communities, catering to various budgets. It is equipped with numerous hospitals, schools and parks, making it appealing for families with children. The neighbourhood is vibrant, offering a plethora of banking, shopping and transportation facilities. Overall, Patel Nagar provides a high standard of living, making it an enticing choice for those seeking a comfortable and quality lifestyle.
FAQs
How is property value determined based on the circle rate?
Property value is calculated by multiplying the circle rate in the area by the property’s built-up area in square metres.
What happens if the market value is lower than the circle rate?
If the market value is lower than the circle rate, the property must be registered based on the higher value.
What is stamp duty?
Stamp duty is calculated by taking into account various factors, including market value, transaction value or circle rates set by the local government.
What factors influence the circle rate of an area?
Circle rates depend on various factors, including the location, infrastructure, amenities provided, and economic factors.
What is the circle rate for flats in Delhi?
The circle rate for flats in Delhi ranges between Rs 23,280 to Rs 7.74 lakh.
Which area in Delhi is considered the most expensive?
In terms of property prices, some of the most expensive areas in Delhi include Lodi Road Industrial Area, Nehru Place, Maharani Bagh, New Friends Colony, Vasant Vihar and Shanti Niketan.
Is it mandatory to pay house tax in Delhi?
Yes, all property owners in Delhi must pay property tax.
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Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
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