Hauz Khas, one of the posh localities in the national capital, is nothing less than a vision. Located in the southern part of Delhi, this area has historic links and contemporary relevance. Flanked on each side by equally premium localities, such as Gulmohar Park, Green Park and Sarvapriya Vihar, Hauz Khas hosts monuments of historical importance on one side and upper-posh interior and clothing design markets on the other. For those eyeing a piece of the coveted real estate market in this verdant location, knowledge of the current circle rates is crucial.
See also: Circle rates in Malviya Nagar, Delhi
What is circle rate?
Land is a state subject under the Indian constitution. To generate revenue by charging various taxes on property-related transactions, states assign a minimum value on properties for each district. This government-assigned minimum value is known as circle rate, ready reckoner rate, collector rate, guidance value, etc. All these are various names for the same thing: the state-assigned minimum value of immobile property. Based on this value, states levy taxes as stamp duty and registration charge at the time of property registration.
What is the current circle rate in Hauz Khas?
To assign circle rates, the Delhi government has divided localities into eight categories, from A to H. While premium circle rates are charged on category-A areas, rates are low for each descending category. Counting Hauz Khas among one of the posh localities in Delhi, it has been put into the category-B area list. Understandably, circle rates here are a lot higher than that of low categories.
Hauz Khas circle rates for flats in 2023Â
| 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 |
Hauz Khas circle rates for multistorey apartmentÂ
| DDA, society flats (per sq meter), | Private builder flats (per sq meter) |
| Rs 87840 | Rs 1.1 Lakh |
Hauz Khas 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
Hauz Khas circle rate for agricultural land 2023
Green belt villages: Rs 5 Crore per acre
Urbanized villages: Rs 5 Crore per acre
Rural villages: Rs 5 Crore per acre
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Hauz Khas circle rate of land in colonies in 2023Â
| Land cost per sqm | Construction cost |
| Rs 2.46 Lakh | Rs 17,400 |
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Property valuation in Hauz Khas based on circle rates
Suppose you buy a 50-sqm-land in Hauz Khas in 2023. Based on the prevalent circle rate (Rs 2.46 Lakh), the total value of the land will be Rs 1.23 Crore. Considering Delhi charges 6% stamp duty and 1% registration fee from male buyers at the time of land registration, you will pay the UT government Rs 7.30 Lakh as stamp duty and Rs 1.23 Lakh as registration fee.
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Does investing in Hauz Khas make sense?
Owning a piece of real estate in this part of the national capital is a clear indication that you have arrived. This is because a great deal of status value is attached to properties in this highly premium location in Delhi, where who’s who of the city live and shop. So, if that is the purpose of the purchase, nothing beats the Hauz Khas real estate.
From a monetary growth point of view, however, investing here might not be as gratifying as investing in the up-and-coming more affordable localities in Delhi. Property rates have already hit a peak here (it would be hard to find any property in this area with a price bracket below a couple of crores), and the chances of them seeing any sharp upward movement are dismal.
Data available from the Housing.com shows the value of property in Hauz Khas has appreciated only over 1% in the past one year while average price growth in the Delhi-National Capital Region in the past one year has been over 14%, private estimates show.
FAQs
Where is Hauz Khas located in Delhi?
Hauz Khas is located in south Delhi.
Which metro line goes to Hauz Khas?
The Delhi Metro’s Yellow and Magenta Lines are available at Hauz Khas metro.
In how many categories are areas in Delhi divided for circle rate determination?
Areas in Delhi are divided into eight categories for the circle rate determination.
In which category of area does Hauz Khas fall?
Hauz Khas falls in category-B in Delhi.
What is Delhi’s circle rate for category-B areas?
In the case of land, the per square meter cost is Rs 2.46 Lakh in 2023.
Who decides circle rates in Hauz Khas?
The Delhi government decides the circle rates for all localities.
| 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 |
