Table of Contents
- How to calculate circle rates in Delhi?
- How to calculate property value in Delhi using circle rate?
- Circle rates – age factor in New Delhi
- Circle rates for flats in New Delhi
- Circle rates for residential and commercial plots in New Delhi
- Circle rates for agricultural land in New Delhi
- List of colonies in Delhi by category
- What does circle rate in Delhi depend upon?
- Circle rate increase in Delhi
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.
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:
- Ascertain the property’s built-up area, plot area, age of construction, amenities, floors, etc.
- Choose the type of property (residential or commercial unit, plot, house, apartment, builder floor, or shop).
- Select the locality of the property
- 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
Circle rates for flats in New Delhi
|Area||DDA, society flats (per sq metre)||Private builder flats (per sq metre)||Multiplying factors for private colonies|
|Up to 30 sq metres||Rs 50,400||Rs 55,400||1.1|
|30-50 sq metres||Rs 54,480||Rs 62,652||1.15|
|50-100 sq metres||Rs 66,240||Rs 79,488||1.2|
|More than 100 sq metres||Rs 76,200||Rs 95,250||1.25|
|Multi-storey apartment||Rs 87,840||Rs 1.1 lakhs||1.25|
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.
|Category||Land cost (per sq metre)||Construction cost: Residential (per sq metre)||Construction cost: Commercial (per sq metre)|
|A||Rs 7.74 lakhs||Rs 21,960||Rs 25,200|
|B||Rs 2.46 lakhs||Rs 17,400||Rs 19,920|
|C||Rs 1.6 lakhs||Rs 13,920||Rs 15,960|
|D||Rs 1.28 lakhs||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|
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.
|District||Green belt villages (in Rs crore per acre)||Urbanised villages (in Rs crore per acre)||Rural villages (in Rs crore per acre)|
List of colonies in Delhi by category
|Friends Colony East||Category A|
|Friends Colony West||Category A|
|Golf Links||Category A|
|Kalindi Colony||Category A|
|Lodi Road Industrial Area||Category A|
|Maharani Bagh||Category A|
|Nehru Place||Category A|
|New Friends Colony||Category A|
|Panchshila Park||Category A|
|Rajendra Place||Category A|
|Shanti Niketan||Category A|
|Sunder Nagar||Category A|
|Vasant Vihar||Category A|
|Anand Niketan||Category A|
|Basant Lok DDA Complex||Category A|
|Bhikaji Cama Place||Category A|
|Friends Colony||Category A|
|Sarvapriya Vihar||Category B|
|Sarvodaya Enclave||Category B|
|Anand Lok||Category B|
|Andrews Ganj||Category B|
|Defence Colony||Category B|
|Greater Kailash I||Category B|
|Greater Kailash II||Category B|
|Greater Kailash III||Category B|
|Greater Kailash IV||Category B|
|Green Park||Category B|
|Gulmohar Park||Category B|
|Hamdard Nagar||Category B|
|Hauz Khas||Category B|
|Maurice Nagar||Category B|
|Munirka Vihar||Category B|
|Neeti Bagh||Category B|
|Nehru Enclave||Category B|
|Nizamuddin East||Category B|
|Pamposh Enclave||Category B|
|Panchsheel Park||Category B|
|Safdarjang Enclave||Category B|
|Chittaranjan Park||Category C|
|Civil Lines||Category C|
|East of Kailash||Category C|
|East Patel Nagar||Category C|
|Jhandewalan Area||Category C|
|Kailash Hill||Category C|
|Lajpat Nagar I||Category C|
|Lajpat Nagar II||Category C|
|Lajpat Nagar III||Category C|
|Lajpat Nagar IV||Category C|
|Malviya Nagar||Category C|
|Masjid Moth||Category C|
|Nizamuddin West||Category C|
|Panchsheel Extension||Category C|
|Punjabi Bagh||Category C|
|Som Vihar||Category C|
|Vasant Kunj||Category C|
|Jasola Vihar||Category D|
|Karol Bagh||Category D|
|Kirti Nagar||Category D|
|Mayur Vihar||Category D|
|New Rajinder Nagar||Category D|
|Old Rajinder Nagar||Category D|
|Rajouri Garden||Category D|
|Anand Vihar||Category D|
|East End Apartments||Category D|
|Gagan Vihar||Category D|
|Hudson Line||Category D|
|Indraprastha Extension||Category D|
|Jangpura A||Category D|
|Jangpura Extension||Category D|
|Chandni Chowk||Category E|
|East End Enclave||Category E|
|Gagan Vihar Extension||Category E|
|Hauz Qazi||Category E|
|Jama Masjid||Category E|
|Kashmere Gate||Category E|
|Khirki Extension||Category E|
|Madhuban Enclave||Category E|
|Mahavir Nagar||Category E|
|Moti Nagar||Category E|
|Pahar Ganj||Category E|
|Pandav Nagar||Category E|
|Sarai Rohilla||Category E|
|Majnu Ka Tila||Category F|
|Mukheree Park Extension||Category F|
|Nand Nagri||Category F|
|Uttam Nagar||Category F|
|Zakir Nagar Okhla||Category F|
|Anand Parbat||Category F|
|Arjun Nagar||Category F|
|Daya Basti||Category F|
|Dilshad Colony||Category F|
|Dilshad Garden||Category F|
|BR Ambedkar Colony||Category F|
|Ganesh Nagar||Category F|
|Hari Nagar||Category F|
|Jangpura B||Category F|
|Madhu Vihar||Category F|
|Ambedkar Nagar Jahangirpuri||Category G|
|Ambedkar Nagar East Delhi||Category G|
|Amber Vihar||Category G|
|Dabri Extension||Category G|
|Dashrath Puri||Category G|
|Hari Nagar Extension||Category G|
|Vivek Vihar Phase I||Category G|
|Tagore Garden||Category G|
|Sultanpur Majra||Category 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.
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.