What are Circle Rate in Delhi for Residential Plots

Circle Rate in Delhi NCR

Knowledge of Circle Rate WHAT IS CIRCLE RATE?

WHAT IS CIRCLE RATE IN DELHI?

The government notifies a minimum rate for transactions related to property registration in a specified area, known as the circle rate. It is notified through the sub registrar’s or registrar’s office in Delhi.

Circle rate is an essential factor considered when determining property value during sale or purchase.

It is also a factor financial institutions consider when estimating the property value for sanctioning mortgage loans.

Stamp value is thus determined as the higher of circle rate notified for a given area in Delhi and estimated transaction value for the property.

With demand for property loans in Delhi at an alltime high, circle rate in Delhi is an essential consideration. Have a look at all details related to circle rate in the city.

Why it is important!

Usually, when a property is sold, the stamp duty and registration charges are paid by the buyer. It has been often contested that a higher circle rate leads to a fall in the rate of transactions. As the gulf between the circle rate and the market rate reduces more and more authentic buyers with legitimate money start entering the market. Although in such a scenario the transaction velocity decreases, a lesser amount of black money gets parked into real estate assets.

Reviewing the circle rates every 3 months or once in six months will keep the market rate and circle rate more in line with each other. At the same time, the state government will also make higher tax collection from real estate dealings as stamp duty is paid on a circle rate which is in line with the market rates.

Circle Rate in Delhi for Residential Plots Categories

Cost of Construction/sq. metre.

(In Rupees)

Cost of Land/sq. metre (In Rupees)

A

21,960

7,74,000

B

17,400

2,46,000

C

13,920

1,60,000

D

11,160

1,28,000

E

9,360

70,080

F

8,220

56,640

G

6,960

46,200

H

3,480

23,280

Residential plots within the administrative area falling under New Delhi Municipal Corporation (NDMC) are divided into categories ranging from A to H. Circle rates in the city differ as per the classification. Belowgiven is the chart that specifies circle rate in Delhi for all the categories of residential plots.

Circle Rate in Greater Noida Greater Noida Sectors/Areas

Circle rates per sq.

Km. (Rs.0)

Alpha-I, Alpha-II, Gamma 1, Gamma 2, Beta 1, Beta 2

28000

Omega 1, Omega 2, Omega 3, Chi 1, Chi 2, Chi 3, Chi 4, Chi 5, Delta 1, Delta 2, Delta 3, Pi 1, Pi 2, Pi 3, Pi 4, Pi 5, Pi 6, Pi 7, Pi 8, Phi 1, Phi 2, Phi 3, Phi 4, Phi Chi

27000

Omicron 1, Omicron 1A, Omicron 2, Omicron 3, Zeta 1, Zeta 2, Xu 1, Xu 2, Xu 3, MU 1, MU 2, Sigma 1, Sigma 2, Sigma 3, Sigma 4

26500

Circle rate in Greater Noida for 2019 is given above.

Circle Rate in Noida for Flats & Apartments Noida Regions

Circle rates per sq. metre. (in rs)

Sector 14, Sector 14A, Sector 15A, Sector 17, Sector 25A, Sector 30,Sector 32, Sector 35,Sector 36, Sector 38A, Sector 39, Sector 44,Sector 50 – 52, Sector 92, Sector 93, Sector 93A, Sector 93B, Sector 96 – 98

55,000

Sector 15, Sector 19, Sector 20, Sector 21, Sector 23, Sector 25 – 29,Sector 31, Sector 33, Sector 34, Sector 37, Sector 38, Sector 40, Sector 41,Sector 45 – 49, Sector 53, Sector 55, Sector 56, Sector 61, Sector 62, Sector 82,Sector 99, Sector 100, Sector 105, Sector 108,Sector 122, Sector 128 – 131,Sector 134, Sector 135, Sector 137

50,000

Sector 11, Sector 12, Sector 16, Sector 16A, Sector 16B, Sector 11,Sector 12, Sector 16, Sector 16A, Sector 16B, Sector 22, Sector 24,Sector 42, Sector 43, Sector 70 – 79, Sector 104, 107, Sector 110,Sector 115, Sector 117, Sector 118, Sector 119, Sector 120, Sector 121, Sector 130, Sector 133, Sector 143, Sector 143B, Sector 144, Sector 150, Sector 151, Sector 168

40,000

The circle rates in Noida for flats and apartments are mentioned in the table.

HUDA Sector Circle Rate in Gurgaon HUDA Sectors

Circle rates per sq. yard (Rs.)

Sector 27, Sector 28, Sector 42, Sector 43

7,74,000

Sector 14 – 17, Sector 30, Sector 31, Sector 40

2,46,000

Sector 38, 41

1,60,000

Sector 1 – 3, Sector 3A, Sector 4 – 7, Sector 12, Sector 12A, Sector 13, Sector 21, Sector 22, Sector 22A, Sector 23, Sector 23A

1,28,000

Sector 104 – 106, Sector 109, Sector 110, Sector 110A, Sector 111 – 115

70,080

Sector 58 - 66, Sector 67, Sector 68 – 113, Sector 37, Sector 37D

56,640

Circle rates in Gurgaon differ across regions due to the following factors – 1.

2.

The market value of a specific region and the amenities available.

Stamp and registration value of flats and apartments vary from independent houses and plots in the same area based on amenities.

Registry Charges for Property Registration in Delhi The registration charge is an additional fee levied over and above the stamp duty during property registration. The charge covers for expenses required to meet the running expenses of the registrar’s office.

The applicable registry charges for properties in Delhi stand at 1% of the valuation.

Besides, a pasting fee of Rs.100 is also applicable.

How to Calculate Circle Rate?

Complete the following steps to calculate the circle rate in Delhi.

Step 1 – Determine whether the property is used for residential or commercial purpose.

The circle rates notified by the Delhi Government are higher for the former and lower for the latter.

Step 2 – Consider the type of property; whether it is a flat, apartment, independent house or a plot of land. Values of different property types vary even if they fall in the same area.

Step 3 – Use an ‘age multiplier’ to arrive at property valuation and determine the circle rate accordingly.

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