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New Delhi: All state governments fix a minimum property registration price on which plots aand houses in a certain area must be registered. Similarly, a circle rate has also been set for all areas of Delhi. The circle rate determines the minimum value for which a property will be registered. Buyers of the property cannot register it for less than the fixed circle rate. All financial institutions and banks also consider latest circle rates to issue property loans.
In addition to this, the land tax and registration fees are also charged on all real estate projects as per the circle rates. Circle rates are different for different regions, are are determined by factors like location, demand, amenities and connectivity. Hence, some areas may have higher circle rates, while it might be cheaper for some.
A circle rate is the minimum price at which a property can be sold or registered in a specific area. It's also known as the minimum rate, reckoner rate, or guidance value. Circle rates are determined on the basis of factors like location, property type, infrastructure, etc.
Location: Properties in urban areas have higher circle rates than rural areas.
Property type: Different types of properties, such as residential, commercial, and industrial, have different circle rates.
Infrastructure: Areas with better roads, public transport, and facilities have higher circle rates.
Circle rates are important as they help curb tax evasion and ensure fair property transactions. It also help buyers determine the affordability of a property. It is used to calculate stamp duty and registration fees.
For those planning to buy a property in Delhi this year, it is important to know the circle rates as it can help in shortlisting the properties that fir in the budget. It also helps in determining how much home loan would be required to buy the property. Here is the list of circle rates in New Delhi in major locations:
| Area | Private builder flats | DDA society flats | Multiplying factors for private colonies |
|---|---|---|---|
| Multistorey flats | Rs.1.1 lakh | Rs.87,840 | 1.25 |
| More than 100 square metres | Rs.95,250 | Rs.76,200 | 1.25 |
| 50 to 100 square metres | Rs.79,488 | Rs.66,240 | 1.2 |
| 30 to 50 square metres | Rs.62,652 | Rs.54,480 | 1.15 |
| Up to 30 square metres | Rs.55,440 | Rs.50,400 | 1.1 |
| Area | Cost of Land per sq. metre | 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 |
| Land cost (per sq metre) | Construction Cost: Commercial (per sq metre) | Construction Cost: Residential (per sq.metre) |
|---|---|---|
| Rs.7.74 lakh | Rs.25,200 | Rs.21,960 |
| Rs.2.46 lakh | Rs.19,920 | Rs.17,400 |
| Rs.1.6 lakh | Rs.15,960 | Rs.13,920 |
| Rs.1.28 lakh | Rs.12,840 | Rs.11,160 |
| Rs.70,080 | Rs.10,800 | Rs.9,360 |
| Rs.56,640 | Rs.9,480 | Rs.8,220 |
| Rs.46,200 | Rs.8,040 | Rs.6,960 |
| Rs.23,280 | Rs.3,960 | Rs.3,480 |
| District | Urbanised villages (in Rs crore per acre) | Rural villages (in Rs crore per acre) | Green belt villages (in Rs crore per acre) |
|---|---|---|---|
| New Delhi | 5 | 5 | 5 |
| North | 3 | 3 | 3 |
| South | 5 | 5 | 5 |
| East | 2.3 | 2.3 | NA |
| West | 3 | 3 | 3 |
| Central | 2.5 | 2.5 | NA |
| North-west | 3 | 3 | 3 |
| South-west | 4 | 3 | 3 |
| South-east | 4 | 2.5 | NA |
| North-east | 2.3 | 2.3 | NA |
| Shahdara | 2.3 | 2.3 | 2.3 |