Shahdara is an administrative and revenue district located near the Yamuna in north-east Delhi. It is one of the oldest neighbourhoods in the city, which is also a popular residential locality offering a range of housing options for buyers and renters. These include individual houses, builder floor apartments, and the Delhi Development Authority (DDA) flats. The area enjoys good connectivity to different parts of the city through roads and the Delhi Metro Red Line. Facilities such as schools, hospitals, shopping malls, etc., are available in this area, ensuring a comfortable life for the residents. The Delhi government determines the circle rates in various localities. Before investing in a property, knowing the circle rate in an area can provide buyers with a fair idea of the market trends and help them plan their house purchase.
See also: Circle rate in Vijay Nagar, Delhi
What are circle rates?
Circle rates are the government-determined property prices in a locality, which serve as the base price for property transactions. Circle rates are the minimum property values below which a property cannot be registered in the government records. Circle rates in Delhi are periodically revised by the Delhi government and calculated based on different factors such as:
- Property location: Circle rates are high in posh localities. So, the location is a crucial factor.
- Property usage: Property rates for residential properties are lower compared to commercial properties.
- Amenities: The value of properties in a neighbourhood is also influenced by the availability of facilities and infrastructure.
- Property age: Value of properties varies depending on the age of a structure.
Circle rates for agricultural land in Shahdara 2023
| Area | Green belt villages (in Rs Crore per acre) | Urbanised villages (in Rs Crore per acre) | Rural villages (in Rs Crore per acre) |
| Shahdara | 2.3 | 2.3 | 2.3 |
Delhi circle rate for flats in 2023
| Area | DDA, society flats (per square metre) | Private builder flats (per square metre) | Multiplying factors for private colonies |
| Up to 30 sqm | Rs 50,400 | Rs 55,400 | 1.1 |
| 30-50 sqm | Rs 54,480 | Rs 62,652 | 1.15 |
| 50-100 sqm | Rs 66,240 | Rs 79,488 | 1.2 |
| Over 100 sqm | Rs 76,200 | Rs 95,250 | 1.25 |
| Multi-storey apartment | Rs 87,840 | Rs 1.1 Lakh | 1.25 |
Circle rate for residential and commercial plots in 2023
| Category | Land cost (per sqm) | Construction cost: Residential (per sqm) | Construction cost: Commercial (per sqm) |
| 7 | Rs 56,640 | Rs 8,220 | Rs 9,480 |
Properties in Delhi are classified under eight categories – A to H. The most expensive localities are categorised under Category A, while the lowest-value neighbourhoods fall under Category H. Shahdara falls under Category F.
How to check circle rates in Shahdara?
- Visit the official website of the Delhi government’s online registration information system https://eval.delhigovt.nic.in/ to check the circle rates in Delhi. Click on the e-Valuation option on the menu bar.
- Users will be directed to the e-circle rate calculator page.
- Choose the sub-registrar, locality, deed name, and sub-deed name from the dropdown menu.
- Click on ‘Submit’ to view details.
Circle rates in Shahdara, Delhi: Commercial and residential real estate trends
Shahdara is one of the localities in north-east Delhi, established in 1997. Shahdara district is sub-divided into old Shahdara and new Shahdara and includes localities, such as Dilshad Garden, Dilshad Colony, Tahirpur, Preet Vihar, Yamuna Vihar and Bhajanpura.
There are residential colonies in Shahdara, such as Navin Shahdara, Jyoti Nagar, Vishwas Nagar, Bhola Nath Nagar, and Govardhan Bihari Colony, offering various housing options such as individual houses, builder floors, Residents Welfare Association and DDA flats.
The locality is well-connected to other parts of Delhi through the Delhi Metro Red Line and DTC bus services. Prominent transport hubs, such as Anand Vihar Railway Station, ISBT Anand Vihar, and Kashmiri Gate are easily accessible from here. There are shopping malls, schools, banks, etc., catering to the needs of the residents. Further, commercial hubs in the city, such as Shastri Nagar, Mohan Nagar/Sahibabad Industrial Area, ITO, and Connaught Place, are well-connected to Shahdara. Moreover, there are IT parks and business hubs in Noida. Owing to these factors, Shahdara witnesses a steady demand for residential properties. The average price for residential properties is Rs 17,924 per square foot. There is also a significant demand for commercial space in the area, which includes warehouses and shops, providing favourable investment opportunities.
Reasons to invest in Shahdara, Delhi
- Shahdara is a well-established residential neighbourhood in north-east Delhi, offering numerous housing options for buying and renting.
- The area has reputed schools, such as Oxford Modern Public School, DAV Public School, and City Convent Secondary School. Besides, there are numerous parks, eateries, hospitals, etc.
- There are offices in Shahdara, such as JB Water Emergency, Yamuna Vihar, Indian Oil Corporation and Wipro, which have attracted several homebuyers looking for accommodation in the vicinity.
- Commercial spaces for investment are also available in the area.
FAQs
How to check circle rates in my area in Delhi?
Visit the Delhi government’s online registration information system’s e-circle rate calculator page to check circle rates in different localities of Delhi.
How to calculate the value of property in Delhi?
Property value in Delhi can be calculated based on the formula: Property Value = built-up area in sqm X circle rate of the locality.
Who decides circle rates in Delhi?
The Delhi government is responsible for determining the circle rates for different localities, which are classified into eight categories from A to H. Category A includes some of the most expensive neighbourhoods, while Category H include lowest-value properties.
How is property value calculated based on the circle rate?
Property value in Delhi is calculated using the formula: build up area of the property in sqm X circle rate for the area in Rs per sqm.
What is the circle rate for Category F in Delhi?
The land cost in Category F in Delhi is Rs 56,640 per sqm.
Are circle rates the same as market rates?
Market rates are usually higher than circle rates and are the actual price at which property transactions take place. On the other hand, circle rates are determined by the state governments as the minimum value of a property in a locality.
| 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 |
