North-east Delhi, one of the 11 administrative districts of Delhi, has a thriving real estate market. The region is flanked by the Yamuna River and north Delhi in the west, Ghaziabad to the north and east, east Delhi to the south. The north-east district comprises three sub-divisions – Seelampur, Shahdara, and Seemapuri. Several localities in north-east Delhi, such as Seelampur, Yamuna Vihar, Dilshad Garden, etc., are well-established residential areas with access to good social infrastructural facilities and easy connectivity through road and the Delhi Metro network. Moreover, there are commercial complexes around these neighbourhoods, offering ample of avenues for investment. If one is considering investing in these areas, understanding the prevalent property rates can significantly make one’s property buying journey easier. The circle rates set by the government give a fair idea of the market trends and a benchmark for property transactions.
See also: Circle rates in Connaught Place, Delhi
What are circle rates?
Circle rates are the minimum property rates decided by the Delhi Government as the base price below which a property cannot be registered. These rates are periodically revised and are calculated based on different factors, such as:
- Location: Circle rates are higher in posh neighbourhoods than in other localities.
- Property usage: The rates are lower for residential properties compared to commercial properties.
- Amenities: Property values may vary based on the availability of facilities and infrastructure in a locality.
- Property age: Property values also vary depending on the age of a structure.
Usually, the market rates of a property tend to be higher than the circle rates.
Circle rates for land in North-East Delhi 2023
Area | Land cost per sqm | Construction cost |
Dilshad Colony | Rs 56,640 | Rs 8,220 |
Dilshad Garden | Rs 56,640 | Rs 8,220 |
Ambedkar Nagar East Delhi | Rs 46,200 | Rs 6,960 |
The circle rates for some of the north Delhi localities are mentioned above.
Circle rates for agricultural land in North-East Delhi 2023
Area | Green belt villages (in Rs Crore per acre) | Urbanised villages (in Rs Crore per acre) | Rural villages (in Rs Crore per acre) |
North-East Delhi | NA | 2.3 | 2.3 |
Shahdara | 2.3 | 2.3 | 2.3 |
Delhi circle rate for flats in 2023
Area | DDA, society flats (per sq metre) | Private builder flats (per sq 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) |
C | Rs 1.6 Lakh | Rs 13,920 | Rs 15,960 |
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. Malviya Nagar falls under Category C.
How to check circle rates in Delhi?
One can visit the official portal of Delhi government’s online registration information system https://eval.delhigovt.nic.in/ to check the circle rates in Delhi.
- Visit the e-circle rate calculator page.
- Select the sub-registrar, locality, deed name and sub-deed name from the dropdown menu.
- Click on Submit to view details.
Circle rates in North-East Delhi: Commercial and residential real estate trends
North-east Delhi was established in 1997 and is a well-developed residential destination offering several independent houses and builder floors. It is surrounded by localities, such as Karawal Nagar, Seelampur, Yamuna Vihar, Mustafabad, Gokulpur, Mirpur Turk, Biharipur, Bhajanpura, Sabapur, Shahdara, Badarpur Khadar. Shahdara is sub-divided into old Shahdara and new Shahdara and comprises popular localities such as Dilshad Garden, Dilshad Colony, Tahirpur, Preet Vihar, Yamuna Vihar and Bhajanpura.
The area is easily accessible from other parts of Delhi through road network and the Delhi Metro’s Red and Pink Lines. There are major schools and colleges, healthcare centres, shopping malls, and other social amenities for a comfortable living. Moreover, north Delhi localities also have offices, including some well-known IT companies. Thus, these areas are highly preferred by working professionals, including families. These localities witness a steady demand for commercial and residential properties for buying, as well as renting. Property rates have seen nearly 20% increase in one year and the average price for residential properties is Rs 13,666 per square foot.
Reasons to invest in North-East Delhi
- There are well-maintained parks along with easy access to facilities, such as hospitals, schools, colleges, and offices.
- These areas are well-connected to Delhi and neighbouring areas through road and metro networks.
- Public transportation is available, including buses, taxis, and rickshaws.
- North-east Delhi offers ample housing options, including independent houses.
FAQs
How to check circle rates in Delhi?
Visit the official portal of Delhi government’s online registration information system and click on the e-Circle Rate Calculator. Select the sub-registrar, locality, deed name, and sub-deed name. Click on submit to view details.
How are property values calculated based on the circle rate?
Property values in Delhi are calculated based on the formula: build-up area of the property in sqm X circle rate for the area in Rs per sqm.
What is the maximum circle rate in Delhi?
The circle rates in Category A localities, which include some of the posh neighbourhoods of the city, are higher than other areas. The land cost in these areas is Rs 7.74 Lakh per sqm. The residential cost is Rs 21,960 per sqm, while the commercial cost is Rs 25,200 per sqm.
What is the circle rate of Category F in Delhi?
Category F includes some north-east Delhi localities, such as Dilshad Colony and Dilshad Garden. Residential construction costs in these areas are Rs 8,220 per sqm, while commercial construction costs are Rs 9,480 per sqm. The land rate in these areas is Rs 56,640 per sqm.
Who determines the circle rate in Delhi?
The circle rates for different localities in Delhi are determined by the Delhi government. These rates differ based on the categories from A to H.
How are circle rates in Delhi calculated?
Circles rates are calculated by considering several factors, such as the property's location, age of the structure, market trends, amenities, and usage of the property.
Are circle rates different from market rates?
Circle rates are determined by the state government as the minimum value of a property in an area, market rates are usually determined by the seller and tend to be higher than circle rates.
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 |