Punjabi Bagh is a prominent residential neighbourhood in west Delhi that enjoys good connectivity and a well-developed social infrastructure. Moreover, there is a metro connectivity provided by the Punjabi Bagh West Metro Station, an interchange station to the Delhi Metro network’s Pink Line and Green Line. Thus, the area is a sought-after destination for home seekers. When investing in a property, one must be aware of the market rates in the locality. Circle rates, which are determined by the local government, help one understand the property values in different localities.
See also: Delhi circle rate in 2023
What are circle rates?
Circle rates are the minimum value of property below which a property cannot be registered during its sale or transfer. During property registration, a buyer is required to pay the stamp duty and registration charges based on the circle rates or the actual cost of the property, whichever is higher.
In Delhi, the circle rates are calculated by the Delhi government after considering various factors such as:
- Property’s market value: The market rates of a property are typically higher than the circle rate.
- Property usage: Circle rates are generally lower for residential properties compared to commercial properties.
- Amenities: The availability of amenities, such as good roads, transportation and infrastructure, shopping malls, etc., impacts the property value.
- Property’s location: Circle rates are likely to be higher in posh neighbourhoods compared to rural areas.
Circle rates for land in Punjabi Bagh 2023
| Area | Land cost per sqm | Construction cost |
| Rajouri Garden | Rs 1.60 Lakh | Rs 13,920 |
Circle rates for agricultural land in Punjabi Bagh 2023
| Area | Green belt villages (in Rs Crore per acre) | Urbanised villages (in Rs Crore per acre) | Rural villages (in Rs Crore per acre) |
| West | 3 | 3 | 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 |
In Delhi, properties 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. Punjabi Bagh falls under Category C. The land rates, including the cost of construction for residential and commercial properties, are mentioned above.
How to check circle rates in Delhi?
The Delhi government’s online registration information system https://eval.delhigovt.nic.in/ is the official portal where one can check the circle rates in Delhi.
- Visit the e-circle rate calculator.
- Choose the sub-registrar, locality, deed name, and sub-deed name from the dropdown menu.
- Click on Submit to proceed to view details.
Circle rates in Punjabi Bagh: Commercial and residential real estate trends
Punjabi Bagh is a well-established residential locality in west Delhi. It is surrounded by arterial roads such as the Ring Road and Rohtak Road, which provide this area with major location advantages. Moreover, the area is served by the Punjabi Bagh Metro Station, which provides metro connectivity to different parts of Delhi.
The neighbourhood is classified into West Punjabi Bagh and East Punjabi Bagh. It offers a range of property options for homebuyers comprising old-style bungalows, low-rise apartments, and modern houses. The area is in proximity to other popular residential localities, such as Rajouri Garden, Patel Nagar, Paschim Vihar, Kirti Nagar and Janakpuri. Owing to the presence of shopping malls, restaurants, healthcare centres, banks, schools, etc., the area is a favourable residential destination for many home seekers. With a steady demand for properties, the prices have also appreciated in recent years. The average price of a residential property is Rs 33,819 per square feet (sqft). Furthermore, there are several properties available for rent in this west Delhi neighbourhood. The average rent for an apartment range between Rs 15,000 and Rs 25,000.
The Punjabi Bagh neighbourhood also witnesses steady demand for commercial properties. There are several office spaces, shops, and showrooms, offering investment opportunities for those looking for sound returns.
Reasons to invest in Punjabi Bagh
- Punjabi Bagh locality is well connected to other parts of Delhi through public transportation, including private buses, taxis, and metro. The Punjabi Bagh Metro Station serves as an interchange station to Delhi Metro’s Green Line and Pink Line.
- The area is in proximity to the Ring Road, which provides direct connectivity to different parts of the city.
- The area is witnessing new residential developments, including some redevelopment projects, providing homebuyers with various housing options.
FAQs
What is the circle rate of G category in Delhi?
The land cost in Delhi for category G is Rs 46,200 per sqm. The cost of residential construction is Rs 6,960 per sqm, while the cost of commercial construction is Rs 8,040 per sqm.
How to calculate property value based on the circle rate?
Property value in Delhi is calculated based on the circle rate using the formula: build up area of the property in sqm X circle rate for the area in Rs per sqm.
Who decides the circle rate in Delhi?
The Delhi government calculate the circle rates for different localities in Delhi by classifying them into eight categories from A to H.
Which factors affect the circle rates in Delhi?
Circles rates are determined based on several factors, such as the property's location, amenities in the vicinity, usage of the property and other factors.
What is the difference between circle rate and market rate?
The circle rates are determined by the state government as the minimum value of a property in an area. On the other hand, the market rates are mostly determined by the seller and are typically 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 |
