All about New Delhi circle rates


Check out the circle rates in Delhi for flats, plots, multi-storey apartments in DDA and private colonies

In order to keep a check on price speculations, the state government decides the circle rates in the city for different localities. These circle rates are the minimum property prices at which the sale of a property can take place. The circle rates in New Delhi are decided by the Delhi government. Usually, the New Delhi circle rates are reviewed annually, to keep them in line with the market rates.

However, in a recent announcement, on February 5, 2021, the chief minister Arvind Kejriwal-led government in Delhi has decided to cut circle rates by a flat 20% across categories, including residential, commercial and industrial buildings. The reduced rates, which will be applicable on all areas in the national capital, will remain in effect till September 30, 2021. The decision was taken in a cabinet meeting of the union territory government on February 5, 2021.

Earlier, finance minister Nirmala Sitharaman, in the Union Budget 2021-22, had allowed home buyers to buy homes at 20% lower value than the circle rates, without attracting additional tax liability. This new norm will be applicable to properties priced below Rs 2 crores, till June 30, 2021.

Home buyers and investors should know that the property registration process in Delhi and charges such as stamp duty, are based on the higher of the declared property value and the price calculated as per circle rate applicable for the sector or area of Delhi.

 

How to calculate circle rates in Delhi?

Usually, commercial properties have higher circle rates, as compared to residential properties. It may also vary, based on the type and age of the property. Properties built after the year 2000 have a maximum multiplier of 1 while the older buildings have it in the range of 0.5-0.9.

You can calculate the circle rates in Delhi by visiting the Delhi government’s online registration information system.

 

All about New Delhi circle rates

 

Alternatively, you can follow the below steps to calculate the circle rate in Delhi.

Step 1: Determine whether the property is used for residential or commercial purpose.

Step 2: Consider the type of property – whether it is a flat, apartment, independent house, or a plot of land. The circle rates of different property types vary, even if they fall in the same area.

Step 3: Factor in the ‘age multiplier’ to arrive at property valuation and determine the circle rate accordingly.

Type of propertyHow to calculate
Independent plotMultiply the plot area with the applicable circle rate (in Rs/sq metre).
Builder floors, DDA flats, society flatsMultiply the minimum construction cost with the built-up area (in sq metres). Now, multiply the product with the applicable age factor.
For multi-storey flatsMultiply the flat’s built-up area with the applicable circle rates for the multi-storeyed flats (in Rs/sq metre).
For house constructed on a plotMultiply the plot area with the applicable circle rate for the land in the respective locality.

Multiply the house’s built-up area with the minimum construction cost. Multiply the product with the applicable age factor for the construction.

 

How to calculate property value in Delhi using circle rate?

Here is how to calculate the property value, using the circle rate:

  1. Ascertain the property’s built-up area, plot area, age of construction, amenities, floors, etc.
  2. Choose the type of property (residential or commercial unit, plot, house, apartment, builder floor, or shop).
  3. Select the locality of the property
  4. Calculate the minimum assessment figure as per the circle rates given

The formula for calculating the property value is as given below:

Property value = Built-up area (in sq metres) x circle rate for the locality (in Rs per sq metre).

 

Circle rates – age factor in New Delhi

FactorRate
Pre-19600.5
1960-690.6
1970-790.7
1980-890.8
1990-19990.9
2000 onwards1

 

Circle rates for flats in New Delhi

AreaDDA, society flats (per sq metre)Private builder flats (per sq metre)Multiplying factors for private colonies
Up to 30 sq metresRs 50,400Rs 55,4001.1
30-50 sq metresRs 54,480Rs 62,6521.15
50-100 sq metresRs 66,240Rs 79,4881.2
More than 100 sq metresRs 76,200Rs 95,2501.25
Multi-storey apartmentRs 87,840Rs 1.1 lakhs1.25

 

Circle rates for residential and commercial plots in New Delhi

To ease the process and keep it uniform across the city, the Delhi government has divided the properties in Delhi into eight categories – A to H. Delhi’s most expensive posh areas are in Category A while Category H has the lowest-value areas of the city.

 

CategoryLand cost (per sq metre)Construction cost: Residential (per sq metre)Construction cost: Commercial (per sq metre)
ARs 7.74 lakhsRs 21,960Rs 25,200
BRs 2.46 lakhsRs 17,400Rs 19,920
CRs 1.6 lakhsRs 13,920Rs 15,960
DRs 1.28 lakhsRs 11,160Rs 12,840
ERs 70,080Rs 9,360Rs 10,800
FRs 56,640Rs 8,220Rs 9,480
GRs 46,200Rs 6,960Rs 8,040
HRs 23,280Rs 3,480Rs 3,960

 

Circle rates for agricultural land in New Delhi

In December 2019, the Delhi government announced a 10-fold hike in circle rates for agricultural land in Delhi. The circle rate for agricultural land has been increased from Rs 53 lakhs per acre to Rs 2.25-5 crores per acre, depending upon the area.

 

DistrictGreen belt villages (in Rs crore per acre)Urbanised villages (in Rs crore per acre)Rural villages (in Rs crore per acre)
South555
North333
West333
North-west333
South-west343
New Delhi555
CentralNA2.52.5
South-eastNA42.5
Shahdara2.32.32.3
North-eastNA2.32.3
EastNA2.32.3

 

List of colonies in Delhi by category

AreaCategory
Friends Colony EastCategory A
Friends Colony WestCategory A
Golf LinksCategory A
Kalindi ColonyCategory A
Lodi Road Industrial AreaCategory A
Maharani BaghCategory A
Nehru PlaceCategory A
New Friends ColonyCategory A
Panchshila ParkCategory A
Rajendra PlaceCategory A
Shanti NiketanCategory A
Sunder NagarCategory A
Vasant ViharCategory A
Anand NiketanCategory A
Basant Lok DDA ComplexCategory A
Bhikaji Cama PlaceCategory A
Friends ColonyCategory A
Sarvapriya ViharCategory B
Sarvodaya EnclaveCategory B
Anand LokCategory B
Andrews GanjCategory B
Defence ColonyCategory B
Greater Kailash ICategory B
Greater Kailash IICategory B
Greater Kailash IIICategory B
Greater Kailash IVCategory B
Green ParkCategory B
Gulmohar ParkCategory B
Hamdard NagarCategory B
Hauz KhasCategory B
Maurice NagarCategory B
Munirka ViharCategory B
Neeti BaghCategory B
Nehru EnclaveCategory B
Nizamuddin EastCategory B
Pamposh EnclaveCategory B
Panchsheel ParkCategory B
Safdarjang EnclaveCategory B
AlaknandaCategory C
Chittaranjan ParkCategory C
Civil LinesCategory C
East of KailashCategory C
East Patel NagarCategory C
Jhandewalan AreaCategory C
Kailash HillCategory C
KalkajiCategory C
Lajpat Nagar ICategory C
Lajpat Nagar IICategory C
Lajpat Nagar IIICategory C
Lajpat Nagar IVCategory C
Malviya NagarCategory C
Masjid MothCategory C
MunirkaCategory C
Nizamuddin WestCategory C
Panchsheel ExtensionCategory C
Punjabi BaghCategory C
Som ViharCategory C
Vasant KunjCategory C
Jasola ViharCategory D
Karol BaghCategory D
Kirti NagarCategory D
Mayur ViharCategory D
New Rajinder NagarCategory D
Old Rajinder NagarCategory D
Rajouri GardenCategory D
Anand ViharCategory D
DaryaganjCategory D
DwarkaCategory D
East End ApartmentsCategory D
Gagan ViharCategory D
Hudson LineCategory D
Indraprastha ExtensionCategory D
JanakpuriCategory D
Jangpura ACategory D
Jangpura ExtensionCategory D
Chandni ChowkCategory E
East End EnclaveCategory E
Gagan Vihar ExtensionCategory E
Hauz QaziCategory E
Jama MasjidCategory E
Kashmere GateCategory E
Khirki ExtensionCategory E
Madhuban EnclaveCategory E
Mahavir NagarCategory E
Moti NagarCategory E
Pahar GanjCategory E
Pandav NagarCategory E
RohiniCategory E
Sarai RohillaCategory E
Majnu Ka TilaCategory F
Mukheree Park ExtensionCategory F
Nand NagriCategory F
Uttam NagarCategory F
Zakir Nagar OkhlaCategory F
Anand ParbatCategory F
Arjun NagarCategory F
Daya BastiCategory F
Dilshad ColonyCategory F
Dilshad GardenCategory F
BR Ambedkar ColonyCategory F
Ganesh NagarCategory F
GovindpuriCategory F
Hari NagarCategory F
Jangpura BCategory F
Madhu ViharCategory F
Ambedkar Nagar JahangirpuriCategory G
Ambedkar Nagar East DelhiCategory G
Amber ViharCategory G
Dabri ExtensionCategory G
DakshinpuriCategory G
Dashrath PuriCategory G
Hari Nagar ExtensionCategory G
Vivek Vihar Phase ICategory G
Tagore GardenCategory G
Sultanpur MajraCategory H

See also: Circle rates in Gurgaon

 

What does circle rate in Delhi depend upon?

The circle rates in Delhi depend on a number of factors, such as:

  • Facilities in the area.
  • Market value of the locality.
  • Category type of the region in the city in which the property is located in.
  • Type of property: residential or commercial property (circle rates are lower for residential properties).
  • Age multiplier for constructed properties.

 

Circle rate increase in Delhi

A hike in the circle rate in Delhi was announced in December 2018, when the Arvind Kejriwal-led government increased the government rates of agricultural land in Delhi by up to 10 times. However, the Supreme Court had stayed the increase and has asked Lieutenant-Governor for approval. Once approved, the circle rates of agricultural land would range between Rs 2.5 crores and Rs 5 crores. There are chances that the circle rates may be revised again in 2021.

 

FAQs

What are circle rates?

Circle rates are the minimum property prices designated by the state government, below which sales transactions cannot take place.

How do you find a circle rate?

You can check the circle rate on Delhi’s DORIS portal.

What are the stamp duty and registration charges in Delhi?

Stamp duty in Delhi varies between 4% and 6% of the transaction value, while the registration fee is 1% of the transaction value.

 

Was this article useful?
  • 😃 (12)
  • 😐 (1)
  • 😔 (3)

Comments

comments

Comments 0