Circle Rate in Delhi Oct 2020
Revised Circle Rates, Current Stamp Duty Rates in Delhi
Update: The Delhi has recently announced a revised circle rate for agriculture land. The rate has been increased from Rs. 53 lakh per acre to anything between Rs. 2.25 crore to Rs. 5 crores per acre.
- 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.
Circle Rate in Delhi for Residential Plots
| Category | Land Cost (per sq mtr) | Construction Cost (per sq mtr) |
|---|---|---|
| Category A | ₹ 7.74 Lakh | ₹ 21,960 |
| Category B | ₹ 2.46 Lakh | ₹ 17,400 |
| Category C | ₹ 1.60 Lakh | ₹ 13,920 |
| Category D | ₹ 1.28 Lakh | ₹ 11,160 |
| Category E | ₹ 70,080 | ₹ 9,360 |
| Category F | ₹ 56,640 | ₹ 8,220 |
| Category G | ₹ 46,200 | ₹ 6,960 |
| Category H | ₹ 23,280 | ₹ 3,480 |
Circle Rates in Delhi for Flats
| Area | DDA, Society Flats | Private Builder Flats |
|---|---|---|
| Up to 30 sq mtr | ₹ 50,400 | ₹ 55,440 |
| 30 – 50 sq mtr | ₹ 54,480 | ₹ 62,652 |
| 50 – 100 sq mtr | ₹ 66,240 | ₹ 79,488 |
| More than 100 sq mtr | ₹ 76,200 | ₹ 95,250 |
| Multi Storey Apartments | ₹ 87,840 | ₹ 1.10 Lakh |
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, and 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.
How to calculate circle rate in Delhi?
- 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.
Circle Rates in Delhi Age Factor
| 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 |
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
| Stamp Duty Rate | Rates |
|---|---|
| Males | 6% |
| Females | 4% |
| Male and Female Joint Owners | 5% |
Registry Charges 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
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:
| Builder floors built on independent plots | Sum of:
|
| Residential apartments | For society flats, DDA flats and private builder flats:
|
| Plot |
|
| House Constructed on Plot | Sum of:
|
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
Areas in Delhi
| Area | Category |
|---|---|
| Anand Niketan | Category A |
| Basant Lok DDA Complex | Category A |
| Bhikaji Cama Place | Category A |
| Friends Colony | Category A |
| 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 |
| 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 |
| 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 |
| Alaknanda | Category C |
| 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 |
| Kalkaji | 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 |
| Munirka | Category C |
| Nizamuddin West | Category C |
| Panchsheel Extension | Category C |
| Punjabi Bagh | Category C |
| Som Vihar | Category C |
| Vasant Kunj | Category C |
| Dwarka | Category D |
| East End Apartments | Category D |
| Gagan Vihar | Category D |
| Hudson Line | Category D |
| Indraprastha Extension | Category D |
| Janakpuri | Category D |
| Jangpura A | Category D |
| Jangpura Extension | Category D |
| 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 |
| Daryaganj | 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 |
| Rohini | Category E |
| Sarai Rihilla | Category E |
| Dilshad Colony | Category F |
| Dishad Garden | Category F |
| BR Amdedkar Colony | Category F |
| Ganesh Nagar | Category F |
| Govindpuri | Category F |
| Hari Nagar | Category F |
| Jangpura B | Category F |
| Madhu Vihar | Category F |
| 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 |
| Ambedkar Nagar Jahangirpuri | Category G |
| Amdedkar Nagar East Delhi | Category G |
| Amber Vihar | Category G |
| Dabri Extension | Category G |
| Dakshinpuri | 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 |
