Revised Circle Rates, Current Stamp Duty Rate in Delhi Sep 2017

What is circle rate?

• Circle rates refer to the minimum rate notified by the government through the registrar or sub registrar office of Delhi for registration of property transactions.
• Stamp duty is to be paid on the higher of the declared transaction value and the value calculated as per circle rate chart applicable for the sector or area of Delhi.

What is the stamp duty rate in Delhi payable for registering property?

• Stamp duty is payable as a percentage of the higher of declared agreement value and assessed value as per circle rate chart.

Current stamp duty rates in Delhi:

What are the registration charges payable for registering property in Delhi?

• Registration charges are an additional levy over and above the stamp duty and are levied to cover the cost of running registration offices by the government
• While registering property in Delhi you will need to pay a registration fee of 1% plus Rs. 100 pasting fee

What does circle rate in Delhi depend upon? Are the rates same across Delhi?

• Circle rates tend to vary across various areas of Delhi depending upon the market value of the area and the facilities that are available in that area
• Delhi government has divided the properties in entire Delhi city into 8 categories – Category A, Category B, Category C, Category D, Category E, Category F, Category G, Category H. Most expensive posh areas of the city are part of Category A while Category H has the lowest value areas of the city. Check the classification of areas into categories here

• Typically, government tends to assign higher circle rate to commercial properties and lower rates for residential properties
• Circle rates also depend upon the type of the property. Registrar value of flats and apartments in Delhi is different from that of plots and independent houses even in the same area
• An "age multiplier" is used to arrive at value of constructed property. The maximum multiplier is 1.0 for properties built in year 2000 and thereafter. Age multiplier for buildings built before 1960 is 0.5 while buildings built from 1970 to 2000 attract a multiplier of 0.6 to 0.9 as per below table

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

How to calculate value of a property for payment of stamp duty in Delhi using circle rates?

Simply follow the following steps to calculate the value at which stamp duty is payable on purchase of property in Delhi

Step 1 – Check the built up area of the property, its other features like floor, amenities, age of construction and plot area

Step 2 – Select the applicable property type from among all the listed property types (e.g., is the property a flat or a plot or a house or a builder floor or a shop or a commercial unit)

Step 3 – Select the locality or area where the property is located from the classification available on registrar office website or on MyLoanCare

Step 4 – Calculate the minimum assessed value as per current circle rate as below:

What is the difference between market rate and circle rates?

• Circle rates are notified by the government and are used as reference point for payment of stamp duty on property transaction registrations in Delhi
• Market prices refer to the actual price at which property sale-purchase transactions are transacted between buyers and sellers
• In most cases, circle rates tend to be slightly lower than market prices. However, in some cases it is seen that the circle rates may even be higher than market prices

Colony in Delhi