Delhi circle rate in 2024

Every property has a basic minimum value. In India, this basic value of land and property is determined by state government, keeping in view several factors. This basic minimum value attached to properties is known with different names across the length and breadth of the country. In most northern states, the term used to refer to a property’s state attached basic minimum value is circle rate.  Buyers who intent to purchase land or property in the national capital Delhi, for instance, must have the proper knowledge about prevalent circle rates of property to ensure they pay only what is the fair value of a property. Knowing this will also help them plan the purchase better since circle rates affect the amount the buyer will have to pay as stamp duty and registration fee as well.

What is circle rate?

According to income tax department, circle rate is the value taken by state governments for the purpose of payment of stamp duty in respect of transfer of immovable property. Basically, circle rate is the government-prescribed value attached to land in a state. Subject to periodic changes, circle rates are tweaked from time to time to keep these close to the prevalent market rate of properties. Circle rates differ from area to area within a city. While circle rates are higher for premium locations, they are comparatively lower for other areas.

See also: All about Delhi stamp duty on property

 

How does circle rate impact a homebuyer?

Also known as guidance value, collector rate, collector rate and ready reckoner rate, circle rates help the buyer have a clear idea about the exact value of the property as assigned by the state government. Even though he might have to pay more than the government attached value of the property because the market rate of properties are often higher than the circle rate, knowledge of the circle rate helps him make an informed decision, which can also help him negotiate better with the seller.

More importantly, the buyer gets a clear idea about how much money he would be spending on his home purchase once he finds out the circle rate of the property. Since states charge a certain value of the circle rate-value of the property as stamp duty and registration fee, the buyer will be able to make exact calculations about this government mandated additional fee which is part and parcel of all property transactions.

Delhi circle rate for flats in 2024

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

A square metre is equal to 10.76 square foot.

Delhi circle rate for residential and commercial plots in 2024

Category	Land cost (per sqm)	Construction cost: Residential (per sqm)	Construction cost: Commercial (per sqm)
A	Rs 7.74 lakh	Rs 21,960	Rs 25,200
B	Rs 2.46 lakh	Rs 17,400	Rs 19,920
C	Rs 1.6 lakh	Rs 13,920	Rs 15,960
D	Rs 1.28 lakh	Rs 11,160	Rs 12,840
E	Rs 70,080	Rs 9,360	Rs 10,800
F	Rs 56,640	Rs 8,220	Rs 9,480
G	Rs 46,200	Rs 6,960	Rs 8,040
H	Rs 23,280	Rs 3,480	Rs 3,960

 

Delhi circle rate  for agricultural land 2024

District	Green belt villages (in Rs crore per acre)	Urbanised villages (in Rs crore per acre)	Rural villages (in Rs crore per acre)
South	5	5	5
North	3	3	3
West	3	3	3
North-west	3	3	3
South-west	3	4	3
New Delhi	5	5	5
Central	NA	2.5	2.5
South-east	NA	4	2.5
Shahdara	2.3	2.3	2.3
North-east	NA	2.3	2.3
East	NA	2.3	2.3

 

Delhi circle rate of land in colonies in 2024

Area	Land cost per sqm	Construction cost
Lodi Road Industrial Area	Rs 7.74 lakh	Rs 21,960
Maharani Bagh	Rs 7.74 lakh	Rs 21,960
Nehru Place	Rs 7.74 lakh	Rs 21,960
New Friends Colony	Rs 7.74 lakh	Rs 21,960
Panchshila Park	Rs 7.74 lakh	Rs 21,960
Rajendra Place	Rs 7.74 lakh	Rs 21,960
Shanti Niketan	Rs 7.74 lakh	Rs 21,960
Sunder Nagar	Rs 7.74 lakh	Rs 21,960
Vasant Vihar	Rs 7.74 lakh	Rs 21,960
Anand Niketan	Rs 7.74 lakh	Rs 21,960
Basant Lok DDA Complex	Rs 7.74 lakh	Rs 21,960
Bhikaji Cama Place	Rs 7.74 lakh	Rs 21,960
Friends Colony	Rs 7.74 lakh	Rs 21,960
Friends Colony East	Rs 7.74 lakh	Rs 21,960
Friends Colony West	Rs 7.74 lakh	Rs 21,960
Golf Links	Rs 7.74 lakh	Rs 21,960
Kalindi Colony	Rs 7.74 lakh	Rs 21,960
Anand Lok	Rs 2.46 lakh	Rs 17,400
Andrews Ganj	Rs 2.46 lakh	Rs 17,400
Defence Colony	Rs 2.46 lakh	Rs 17,400
Greater Kailash I	Rs 2.46 lakh	Rs 17,400
Greater Kailash II	Rs 2.46 lakh	Rs 17,400
Greater Kailash III	Rs 2.46 lakh	Rs 17,400
Greater Kailash IV	Rs 2.46 lakh	Rs 17,400
Green Park	Rs 2.46 lakh	Rs 17,400
Gulmohar Park	Rs 2.46 lakh	Rs 17,400
Hamdard Nagar	Rs 2.46 lakh	Rs 17,400
Hauz Khas	Rs 2.46 lakh	Rs 17,400
Maurice Nagar	Rs 2.46 lakh	Rs 17,400
Munirka Vihar	Rs 2.46 lakh	Rs 17,400
Neeti Bagh	Rs 2.46 lakh	Rs 17,400
Nehru Enclave	Rs 2.46 lakh	Rs 17,400
Nizamuddin East	Rs 2.46 lakh	Rs 17,400
Pamposh Enclave	Rs 2.46 lakh	Rs 17,400
Panchsheel Park	Rs 2.46 lakh	Rs 17,400
Safdarjang Enclave	Rs 2.46 lakh	Rs 17,400
Sarvapriya Vihar	Rs 2.46 lakh	Rs 17,400
Sarvodaya Enclave	Rs 2.46 lakh	Rs 17,400
Civil Lines	Rs 1.60 lakh	Rs 13,920
East of Kailash	Rs 1.60 lakh	Rs 13,920
East Patel Nagar	Rs 1.60 lakh	Rs 13,920
Jhandewalan Area	Rs 1.60 lakh	Rs 13,920
Kailash Hill	Rs 1.60 lakh	Rs 13,920
Kalkaji	Rs 1.60 lakh	Rs 13,920
Lajpat Nagar I	Rs 1.60 lakh	Rs 13,920
Lajpat Nagar II	Rs 1.60 lakh	Rs 13,920
Lajpat Nagar III	Rs 1.60 lakh	Rs 13,920
Lajpat Nagar IV	Rs 1.60 lakh	Rs 13,920
Malviya Nagar	Rs 1.60 lakh	Rs 13,920
Masjid Moth	Rs 1.60 lakh	Rs 13,920
Munirka	Rs 1.60 lakh	Rs 13,920
Nizamuddin West	Rs 1.60 lakh	Rs 13,920
Panchsheel Extension	Rs 1.60 lakh	Rs 13,920
Punjabi Bagh	Rs 1.60 lakh	Rs 13,920
Som Vihar	Rs 1.60 lakh	Rs 13,920
Vasant Kunj	Rs 1.60 lakh	Rs 13,920
Alaknanda	Rs 1.60 lakh	Rs 13,920
Chittaranjan Park	Rs 1.60 lakh	Rs 13,920
New Rajinder Nagar	Rs 1.28 lakh	Rs 11,160
Old Rajinder Nagar	Rs 1.28 lakh	Rs 11,160
Rajouri Garden	Rs 1.28 lakh	Rs 11,160
Anand Vihar	Rs 1.28 lakh	Rs 11,160
Daryaganj	Rs 1.28 lakh	Rs 11,160
Dwarka	Rs 1.28 lakh	Rs 11,160
East End Apartments	Rs 1.28 lakh	Rs 11,160
Gagan Vihar	Rs 1.28 lakh	Rs 11,160
Hudson Line	Rs 1.28 lakh	Rs 11,160
Indraprastha Extension	Rs 1.28 lakh	Rs 11,160
Janakpuri	Rs 1.28 lakh	Rs 11,160
Jangpura A	Rs 1.28 lakh	Rs 11,160
Jangpura Extension	Rs 1.28 lakh	Rs 11,160
Jasola Vihar	Rs 1.28 lakh	Rs 11,160
Karol Bagh	Rs 1.28 lakh	Rs 11,160
Kirti Nagar	Rs 1.28 lakh	Rs 11,160
Mayur Vihar	Rs 1.28 lakh	Rs 11,160
Chandni Chowk	Rs 70,080	Rs 9,360
East End Enclave	Rs 70,080	Rs 9,360
Gagan Vihar Extension	Rs 70,080	Rs 9,360
Hauz Qazi	Rs 70,080	Rs 9,360
Jama Masjid	Rs 70,080	Rs 9,360
Kashmere Gate	Rs 70,080	Rs 9,360
Khirki Extension	Rs 70,080	Rs 9,360
Madhuban Enclave	Rs 70,080	Rs 9,360
Mahavir Nagar	Rs 70,080	Rs 9,360
Moti Nagar	Rs 70,080	Rs 9,360
Pahar Ganj	Rs 70,080	Rs 9,360
Pandav Nagar	Rs 70,080	Rs 9,360
Rohini	Rs 70,080	Rs 9,360
Sarai Rihilla	Rs 70,080	Rs 9,360
Zakir Nagar Okhla	Rs 56,640	Rs 8,220
Anand Parbat	Rs 56,640	Rs 8,220
Arjun Nagar	Rs 56,640	Rs 8,220
Daya Basti	Rs 56,640	Rs 8,220
Dilshad Colony	Rs 56,640	Rs 8,220
Dishad Garden	Rs 56,640	Rs 8,220
BR Amdedkar Colony	Rs 56,640	Rs 8,220
Ganesh Nagar	Rs 56,640	Rs 8,220
Govindpuri	Rs 56,640	Rs 8,220
Hari Nagar	Rs 56,640	Rs 8,220
Jangpura B	Rs 56,640	Rs 8,220
Madhu Vihar	Rs 56,640	Rs 8,220
Majnu Ka Tila	Rs 56,640	Rs 8,220
Mukheree Park Extension	Rs 56,640	Rs 8,220
Nand Nagri	Rs 56,640	Rs 8,220
Uttam Nagar	Rs 56,640	Rs 8,220
Ambedkar Nagar Jahangirpuri	Rs 46,200	Rs 6,960
Amdedkar Nagar East Delhi	Rs 46,200	Rs 6,960
Amber Vihar	Rs 46,200	Rs 6,960
Dabri Extension	Rs 46,200	Rs 6,960
Dakshinpuri	Rs 46,200	Rs 6,960
Dashrath Puri	Rs 46,200	Rs 6,960
Hari Nagar Extension	Rs 46,200	Rs 6,960
Vivek Vihar Phase I	Rs 46,200	Rs 6,960
Tagore Garden	Rs 46,200	Rs 6,960
Sultanpur Majra	Rs 23,280	Rs 3,480

Factors that impact circle rate in Delhi 

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

Type of property

While circle rates are lower for residential properties in Delhi, they are comparatively higher for commercial properties.

Age of the property

The age of the property is also considered while determining the circle rate of properties in the national capital.

Circle rates: Age factor in Delhi

Factor	Rate
Pre-1960	0.5
1960-69	0.6
1970-79	0.7
1980-89	0.8
1990-1999	0.9
2000 onwards	1

 

Download full PDF of Delhi Circle Rate.

 

Delhi circle rate list official document

 

 

Facilities in the area

The more the facilities, the higher the circle rate in Delhi.

Locality

The higher the market value, the higher the circle rate in Delhi.

Category type of the area

Under the Delhi Master Plan 2001, Delhi is divided into 15 zones. Of these, 8 zones (from A to H) are in Urban Delhi, 6 (from J to N and P) in Urban Extension & Rural Areas and 1 (O) is river and river front area. A zone could be divided into sub-zones. Circle rates of properties in posh areas of Delhi are always higher than the rates in other areas. Delhi’s most expensive posh areas are in Category A while Category H has the lowest-value areas of the city. We will touch up on this topic in the latter sections of this article.

List of colonies in Delhi by category

Category A

Friends Colony East

Friends Colony West

Golf Links

Kalindi Colony

Lodi Road Industrial Area

Maharani Bagh

Nehru Place

New Friends Colony

Panchshila Park

Rajendra Place

Shanti Niketan

Sunder Nagar

Vasant Vihar

Anand Niketan

Basant Lok DDA Complex

Bhikaji Cama Place

Friends Colony

 

Category B

Sarvapriya Vihar

Sarvodaya Enclave

Anand Lok

Andrews Ganj

Defence Colony

Greater Kailash-I

Greater Kailash-II

Greater Kailash-III

Greater Kailash-IV

Green Park

Gulmohar Park

Hamdard Nagar

Hauz Khas

Maurice Nagar

Munirka Vihar

Neeti Bagh

Nehru Enclave

Nizamuddin East

Pamposh Enclave

Panchsheel Park

Safdarjang Enclave

 

Category C

Alaknanda

Chittaranjan Park

Civil Lines

East of Kailash

East Patel Nagar

Jhandewalan Area

Kailash Hill

Kalkaji

Lajpat Nagar-I

Lajpat Nagar-II

Lajpat Nagar-III

Lajpat Nagar-IV

Malviya Nagar

Masjid Moth

Munirka

Nizamuddin West

Panchsheel Extension

Punjabi Bagh

Som Vihar

Vasant Kunj

Category D

Jasola Vihar

Karol Bagh

Kirti Nagar

Mayur Vihar

New Rajinder Nagar

Old Rajinder Nagar

Rajouri Garden

Anand Vihar

Daryaganj

Dwarka

East End Apartments

Gagan Vihar

Hudson Line

Indraprastha Extension

Janakpuri

Jangpura A

Jangpura Extension

 

Category E

Chandni Chowk

East End Enclave

Gagan Vihar Extension

Hauz Qazi

Jama Masjid

Kashmere Gate

Khirki Extension

Madhuban Enclave

Mahavir Nagar

Moti Nagar

Pahar Ganj

Pandav Nagar

Rohini

Sarai Rohilla

 

Category F

Majnu Ka Tila

Mukheree Park Extension

Nand Nagri

Uttam Nagar

Zakir Nagar Okhla

Anand Parbat

Arjun Nagar

Daya Basti

Dilshad Colony

Dilshad Garden

BR Ambedkar Colony

Ganesh Nagar

Govindpuri

Hari Nagar

Jangpura B

Madhu Vihar

 

Category G

Ambedkar Nagar Jahangirpuri

Ambedkar Nagar East Delhi

Amber Vihar

Dabri Extension

Dakshinpuri

Dashrath Puri

Hari Nagar Extension

Vivek Vihar Phase-I

Tagore Garden

 

Category H

Sultanpur Majra

 

How to check circle rate in Delhi in 2024?

Step 1: To find circle rates in Vasant Kunj, visit the official website of revenue department of the Delhi government (https://revenue.delhi.gov.in/).

 

Step 2: On the home page, click on the Notice Board option.

 

Step 3: Under the Notice Board option, click on Previous Notifications.

Step 4: Now select the year 2014, the last time circle rates in Delhi were revised.

 

Step 5: You will find the revised circle rate file, which you can download. In the list you will be able to check the revised circle rate list for all localities in Delhi.

 

 

How to calculate circle rates in Delhi?

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.

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.

 

 

 

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 property	How to calculate?
Independent plot	Multiply the plot area with the applicable circle rate (in Rs/sq metre).
Builder floors, DDA flats, society flats	Multiply the minimum construction cost with the built-up area (in sq metres). Now, multiply the product with the applicable age factor.
For multi-storey flats	Multiply 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 plot	Multiply 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).

 

Housing.com viewpoint

Circle rates are a key indicator of housing affordability in a city since they provide future buyers and investors a broad idea about budget planning. Circle rates also a key indicator of the social standing of a locality within a city: the more premium the locality, the higher the circle rate. This makes it thorough understanding of circle rates highly crucial for homebuyers to their budget and act accordingly. Doing so is particularly crucial if you are planning to buy a property in national capital Delhi, where ticket price is high for obvious reasons.

 

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.

What is the difference between circle rate and market rate?

Circle rates are the government-determined benchmark value of property in an area below which a property can’t be sold. Market rates on the other hand, is the rate at which properties are sold in a specific market at a particular point of time. In most cases, circle rates of properties are lower than their market rates. To make sure the difference between the two rates is not vast, states periodically change circle rates. They either lower circle rates to bring those closer to the market rates or they hike the circle rates with the same intention.

Who fixes circle rates?

In India, state governments fix circle rate.

What is the time limit to revise circle rates?

There is no standard time limit for revision of circle rates. States reduce or hike circle rates from time to time to keep them closer to properties' market rates.

When were circle rates introduced in Delhi?

Circle rates were first introduced in Delhi in 2007. Those were notified under the provisions of Delhi Stamp (Prevention of Undervaluation of Instruments ) Rules, 2007.

Can circle rates be higher than the market rate of property?

Yes, circle rates of property in various parts of the country are often higher than its market rates. This is because of several factors. While the fluctuations in market rates of property are more prominent, the same can't be said about circle rates. States carefully watch the market trends and take a call on circle rates periodically. On the other hand, market rates reflect the immediate worth of the said property among buyers and sellers in that area.

Can circle rates be lower than the market rate property?

yes, sometimes circle rates are lower than market rates of property because of the reasons mentioned above.

What is the tax implication if the market rate is lower than the circle rate?

Under Section 56 (2)(x) of the Income Tax Act, the difference is taxed as ‘other income’ for the buyer, if the market value of the property is lower than its circle rate value. The seller, too, will have to pay capital gains tax on the circle rate of the property.

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 [email protected]