Circle Rate in Delhi are the base price of any property, and they vary from one location to another. In Circle Rate in Delhi- Area-Wise Categorizationset by the government and they are used to select the stamp duty and registration charges for a property. They are also used to calculate property taxes.
What is the Circle Rate in Delhi?
The circle rate in Delhi is the minimum property price that can be used to sell a property. It is regulated by the Delhi Development Authority (DDA) and is updated periodically to keep up with the city’s rising property prices.
The objective of the circle rate is to stop dealers from under-valuing or under-reporting the value of a property during the registration process.
In the Union Territory of Delhi, the circle rate is reviewed and revised periodically by the District Magistrates to ensure they remain aligned with the current market prices.
The government has made it mandatory for all properties to be registered at the current circle rate. All properties must be registered within three months of the date of purchase, and the registration fee is calculated based on the circle rate.
What is the Circle Rate in Delhi for 2022?
Delhi government has paused the rebate of 20% discount on circle rates. From July 1, 2022, the revised rates will be applicable in the city. The decision was taken in a meeting of the (DDA) on May 27. The move will help the cash-strapped authority to mop up an additional Rs 1,000 crore annually.
The stamp duty in Delhi is generally around 4% – 6% of the total property value. Now in 2022, the stamp duty is 4% for women, and for men, its 6%, and for the combined ownership and the 1% of registration charges is fixed.
Factors Affecting Circle Rate in Delhi
1). Market Value:
The market value of a property is the total price that a willing and able buyer would pay for the property, while the circle rate is the minimum price that a property can be sold for. In some cases, the market value of a property may be higher than its circle rate.
2). Amenities/Facilities
The circle rate is also based on the facilities and amenities available at the property, as well as its location. If the property has more facilities and amenities like guest accommodation and a swimming pool, etc, the circle rate will be higher. If the property has fewer facilities and amenities, the circle rate will be lower.
3). Usage
Usage of the property also affects its circle rates. A property that is used for commercial purposes will have a higher circle rate than a residential property. This is because commercial properties are in higher demand and generate more income.
How to Calculate the Circle Rate in Delhi?
To calculate the Circle Rate in Delhi you need to follow these steps:
1). You need to visit the Delhi Online Registration Information System website.
2). Once the website is open you need to choose your Sub-Registrar, Locality, Deed Name, and Sub-Deed Name.
3). After that they will ask about your details regarding your house or its area and gender, after filling in the details they will calculate the circle rate in Delhi for your area.
Category-Wise (plots) Circle Rate in Delhi
There are 8 categories in looking A to H you can check which area comes in which category on this site:
For Category(A) Cost of Construction per Square Meter is around INR 21,960 Minimum rate for the valuation of land for residential use (Per Square Meter) is around INR 7,74,000.
For Category(B) Cost of Construction per Square Meter is around INR 17,400 Minimum rate for the valuation of land for residential use (Per Square Meter) is around INR 2,46,000.
For Category(C) Cost of Construction per Square Meter is around INR 13,920 Minimum rate for the valuation of land for residential use (Per Square Meter) is around INR 1,60,000.
For Category(D) Cost of Construction per Square Meter is around INR 11,160 Minimum rate for the valuation of land for residential use (Per Square Meter) is around INR 1,28,000.
For Category(E) Cost of Construction per Square Meter is around INR 9,360 Minimum rate for the valuation of land for residential use (Per Square Meter) is around INR 70,080.
For Category(F) Cost of Construction per Square Meter is around INR 8,220 Minimum rate for the valuation of land for residential use (Per Square Meter) is around INR 56,640.
For Category(G) Cost of Construction per Square Meter is around INR 6,960 Minimum rate for the valuation of land for residential use (Per Square Meter) is around INR 46,200.
For Category(H) Cost of Construction per Square Meter is around INR 3,480 Minimum rate for the valuation of land for residential use (Per Square Meter) is around INR 23,280.
What is the Circle Rate in Delhi for Flats?
Area(up to 30 sq m) – By DDA, society flats (per sq meter) is INR 50,400 and for Private builder flats (per sq meter) is INR 55,400.
Area(30 sq m to 50 sq m) – By DDA, society flats (per sq meter) is INR 54,480 and for Private builder flats (per sq meter) is INR 62652.
Area(50 sq m to 100 sq m) – By DDA, society flats (per sq meter) is INR 66,240 and for Private builder flats (per sq meter) is INR 79488.
Area(more than 100 sq m) – By DDA, society flats (per sq meter) is INR 76,200 and for Private builder flats (per sq meter) is INR 95,250.
Area(Apartment) – By DDA, society flats (per sq meter) is INR 87,840 and for Private builder flats (per sq meter) is INR 1.1 lakh.
Circle Rate in Delhi for Agricultural Land
District(South) – Green belt villages (INR 5cr per acre), Urbanised villages (INR 5cr per acre), and Rural villages (INR 5cr per acre).
District(North) – Green belt villages (INR 3cr per acre), Urbanised villages (INR 3cr per acre), and Rural villages (INR 3cr per acre).
District(West) – Green belt villages (INR 3cr per acre), Urbanised villages (INR 3cr per acre), and Rural villages (INR 3cr per acre).
District(North-West) – Green belt villages (INR 3cr per acre), Urbanised villages (INR 3cr per acre), and Rural villages (INR 3cr per acre).
District(South-West) – Green belt villages (INR 3cr per acre), Urbanised villages (INR 4cr per acre), and Rural villages (INR 3cr per acre).
District(New Delhi) – Green belt villages (INR 5cr per acre), Urbanised villages (INR 5cr per acre), and Rural villages (INR 5cr per acre).
District(Central) – Green belt villages (NA), Urbanised villages (INR 2.5cr per acre), and Rural villages (INR 2.5cr per acre).
District(South-East) – Green belt villages (NA), Urbanised villages (INR 4cr per acre), and Rural villages (INR 2.5cr per acre).
District(Shahdara) – Green belt villages (INR 2.3cr per acre), Urbanised villages (INR 2.3cr per acre), and Rural villages (INR 2.3cr per acre).
District(North-East) – Green belt villages (NA), Urbanised villages (INR 2.3cr per acre), and Rural villages (INR 2.3cr per acre).
District(East) – Green belt villages (NA), Urbanised villages (INR 2.3cr per acre), and Rural villages (INR 2.3cr per acre).
