As notified by the Government of Delhi, with effect from September 23, 2014 the new circle rates of real estate properties in Delhi based on the colonies categorization are:
As notified by the Government of Delhi, with effect from September 23, 2014 the new circle rates of real estate properties in Delhi based on the colonies categorization are:
From December 05, 2012 to September 22, 2014, the circle rates of real estate properties in Delhi were:
Category A Colonies – Rs. 645,000 Per Square Meter
Category B Colonies – Rs. 204,600 Per Square Meter
Category C Colonies – Rs. 133,224 Per Square Meter
Category D Colonies – Rs. 106,384 Per Square Meter
Category E Colonies – Rs. 58,365 Per Square Meter
Category F Colonies – Rs. 47,140 Per Square Meter
Category G Colonies – Rs. 38,442 Per Square Meter
Category H Colonies – Rs. 19,361 Per Square Meter
From November 16, 2011 to December 04, 2012, the circle rates of real estate properties in Delhi were:
Category A Colonies – Rs. 215,000 Per Square Meter
Category B Colonies – Rs. 136,400 Per Square Meter
Category C Colonies – Rs. 109,200 Per Square Meter
Category D Colonies – Rs. 87,200 Per Square Meter
Category E Colonies – Rs. 47,840 Per Square Meter
Category F Colonies – Rs. 38,640 Per Square Meter
Category G Colonies – Rs. 31,510 Per Square Meter
Category H Colonies – Rs. 15,870 Per Square Meter
From February 08, 2011 to November 15, 2011, the circle rates of real estate properties in Delhi were:
Category A Colonies – Rs. 86,000 Per Square Meter
Category B Colonies – Rs. 68,200 Per Square Meter
Category C Colonies – Rs. 54,600 Per Square Meter
Category D Colonies – Rs. 43,600 Per Square Meter
Category E Colonies – Rs. 36,800 Per Square Meter
Category F Colonies – Rs. 32,200 Per Square Meter
Category G Colonies – Rs. 27,400 Per Square Meter
Category H Colonies – Rs. 13,800 Per Square Meter
From July 18, 2007 to February 07, 2011, the circle rates of real estate properties in Delhi were:
Category A Colonies – Rs. 43,000 Per Square Meter
Category B Colonies – Rs. 34,100 Per Square Meter
Category C Colonies – Rs. 27,300 Per Square Meter
Category D Colonies – Rs. 21,800 Per Square Meter
Category E Colonies – Rs. 18,400 Per Square Meter
Category F Colonies – Rs. 16,100 Per Square Meter
Category G Colonies – Rs. 13,700 Per Square Meter
Category H Colonies – Rs. 6,900 Per Square Meter
The Present Circle Rates of the Residential Properties in Eight Categories of Colonies in Delhi
New Delhi (Delhi, India), January 15, 2016
The Government of Delhi has introduced the new circle rates in eight categories of colonies in Delhi with effect from Tuesday, September 23, 2014.
The Delhi government had first introduced the circle rates for the real estate properties in Delhi in July 2007. These rates were notified under the provisions of Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007 on July 18, 2007.
At present, there are eight categories of colonies in the Delhi — A, B, C, D, E, F, G, and H based on the Municipal Corporation of Delhi (MCD) categorization. The circle rates vary depending on the category of a colony or residential area in Delhi.
| Category of the locality | Minimum rate for valuation of land for residential use ( in Rs. Per sqmtr) |
|---|---|
| A | 7,74,000 |
| B | 2,45,520 |
| C | 1,59,840 |
| D | 1,27,680 |
| E | 70,080 |
| F | 56,640 |
| G | 46,200 |
| H | 23,280 |
| Use* | Public purpose e.g. Govt. School, Hospitals, etc. |
Industrial | Commercial |
|---|---|---|---|
| Factor | 2 | 2 | 3 |
| Category of the locality |
Minimum rate of construction for residential use (in Rs. Per sqmtr) |
Minimum rate of construction for commercial use (in Rs. Per sqmtr) |
|---|---|---|
| A | 21,960 | 25,200 |
| B | 17,400 | 19,920 |
| C | 13,920 | 15,960 |
| D | 11,160 | 12,840 |
| E | 9,360 | 10,800 |
| F | 8,220 | 9,480 |
| G | 6,960 | 8,040 |
| H | 3,480 | 3,960 |
| S.No. | Colony Name | Category |
|---|---|---|
| 1. | ANAND LOK | B |
| 2. | ALAKNANDA | C |
| 3. | ANAND NIKETAN | A |
| 4. | ASIAN VILLAGE | A |
| 5. | BHIKAJI PALACE | A |
| 6. | CHANAKYA PURI | A |
| 7. | CHIRAG ENCLAVE | B |
| 8. | C.R. PARK | C |
| 9. | DEFENCE COLONY | B |
| 10. | EAST OF KAILASH | C |
| 11. | FRIENDS COLONY (EAST & WEST) | A |
| 12 | GREATER KAILASH -1 | B |
| 13. | GREATER KAILASH -2 | B |
| 14. | GREATER KAILASH -4 (NRI) | B |
| 15. | GEETANJALI ENC. | B |
| 16. | GULMOHAR PARK | B |
| 17. | GOLF LINK | A |
| 18. | GREEN PARK | B |
| 19. | GAUTAM NAGAR | D |
| 20. | HAUZ KHAS | B |
| 21. | HEMKUNT COLONY | B |
| 22. | JASOLA | D |
| 23. | JOR BAGH | A |
| 24. | JANGPURA EXT. | D |
| 25. | KALINDI COLONY | A |
| 26. | KAILASH COLONY | B |
| 27. | KAILASH HILL | C |
| 28. | KALKA JI | C |
| 29. | LAJPAT NAGAR-1, 2 & 4 | C |
| 30. | LAJPAT NAGAR – 3 | C |
| 31. | MALVIYA NAGAR | C |
| 32. | MAYFAIR GARDEN | A |
| 33. | MAHARANI BAGH | A |
| 34. | NEW FRIENDS COLONY | A |
| 35. | NEHRU PLACE | A |
| 36. | NIZAMUDDIN (EAST) | B |
| 37. | NIZAMUDDIN (WAST) | C |
| 38. | NEETI BAGH | B |
| 39. | NAVJEEVAN VIHAR | B |
| 40. | OKHLA- 1,2&3 | D |
| 41. | PAMPOSH ENC. | B |
| 42. | PANCHSHEEL ENC. | B |
| 43. | PANCHSHEEL PARK | A |
| 44. | SOAMI NAGAR | B |
| 45. | SAINIK FARM | D |
| 46. | SADHANA ENC. | B |
| 47. | SARITA VIHAR | D |
| 48. | SIDHARTH ENC. | D |
| 49. | SIRI FORT | A |
| 50. | SDA | B |
| 51. | SAFDARJUNG ENC. | B |
| 52. | SHIVALIK | C |
| 53. | SHEIKH SARAI-1 | C |
| 54. | SAKET | C |
| 55. | SUNDER NAGAR | A |
| 56. | SUKHDEV VIHAR | B |
| 57. | SARVODAYA ENC. | B |
| 58. | SARVAPRIYA VIHAR | B |
| 59. | SHANTI NIKETAN | A |
| 60. | SATYA NIKETAN | D |
| 61. | AMRIT NAGAR | D |
| 62. | SOUTH EXT- 1 | B |
| 63. | SOUTH EXT- 2 | B |
| 64. | UDAY PARK | B |
| 65. | VASANT KUNJ | C |
| 66. | VASANT VIHAR | A |
| 67. | WESTEND | A |
| 68. | ZAMRUDPUR | E |
A circle rate is the minimum rate for valuation of a plot, independent house, or flat in a particular area or locality. The circle rate differs for various categories of colonies. The state revenue ministry decides the circle rates for the real estate properties in Delhi.
The circle rates for sale and purchase of properties in a particular area are finalized considering the available infrastructure and other parameters. The Delhi government’s decision of significant increase in circle rates for all colonies across the city may result in rise in property prices. Usually, the properties in Delhi are registered at the circle rates. Therefore, the stamp duty and registration fee, which is calculated as a percentage of the registered price of a property, will increase now.
Only the demand and supply of a property in that area drive the actual market price. Circle rate of a property is just a pointer of property prices. Nevertheless, buyers of properties will now find it unproblematic to raise higher home loans, as banks or mortgagers typically use circle rates as a gauge of the property prices in Delhi.
The reason for the notification for a specific circle rate in a given area was to simplify the assessment of stamp duty and bring in transparency and efficiency in the property registration process in Delhi and to earn additional revenue.
The Government of Delhi has increased the circle rates for sale and purchase of the real estate properties in Delhi. The Delhi government cabinet in-principle took the decision to increase the property circle rates in its meeting held on November 21, 2012.
Delhi Chief Minister Sheila Dikshit chaired the Cabinet Meeting. Mrs. Sheila Dikshit told reporters after the meeting, “In order to mitigate the black money circulation in property transactions in Delhi, the existing circle rates have been increased. We have decided to double the circle rates depending on the categories of colonies”.
The new circle rates of the residential properties in Delhi will come into effect after the gazette notification and will provide a new valuation benchmark for charging the applicable stamp duty for registrations of the real estate transactions.
The Delhi Government will issue the gazette notification for the revised circle rates after seeking the approval of the Lieutenant Governor of Delhi. The revised circle rates will come into effect within one week after a necessary notification is issued to implement the hike.
This move of increasing the circle rates for the real estate properties in Delhi will help the government earn more revenue from the registration fee of the properties. The revision in the circle rates will assist in controlling the prevailing undervaluation of properties in Delhi.
The Cabinet Meeting also decided to maintain the earlier marked categories on which the circle rates were charged.
In view of current market rates in Delhi and in other NCR towns being higher, it was necessary to rationalize the existing circle rates for the properties in Delhi. The governments in neighboring states of Haryana and Uttar Pradesh have increased the circle rates of Gurgaon and Noida properties recently.
The Delhi government had first introduced the circle rates for the real estate properties in Delhi on July 18, 2007 and was notified under the provisions of the Delhi Stamp (Prevention of Undervaluation of Instruments) Rules, 2007.
