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Understanding the Updated Circle Rate in Delhi (2022)

The minimal price at which a property must be registered is known as the circle rate. The circle rate is used by state governments to calculate stamp duty, while the central government uses it to calculate income tax on real estate transactions. When purchasing land, flats, or apartments in the national capital, the Delhi circle rate is the minimum price you must pay. The circle rate in Delhi varies by location. Knowing the circle rates will help you zero in on properties that fit your budget if you’re looking to buy property in New Delhi. 

Current circle rate

A thorough knowledge of the rates can help you determine the property price at the outset.

Revenue Minister Kailash Gahlot announced that the Delhi government has given a 20% cut in circular rates for all categories and this will last until June 30, 2022. This reduction results in a 1% reduction in stamp duty. Reduced stamp duty equals more inexpensive residential property, making this a feasible prospect for homebuyers. However, an area converter can help you to calculate the area for which you want to find the total circle rate price..

What are the factors that influence the circle rate in Delhi? 

The circle rate in Delhi varies by region, depending on factors such as: 

  1. The variety of amenities in the region
  2. The area’s current market value 
  3. The availability of additional adjacent amenities 

Based on these criteria, the territories are divided into eight groups, ranging from A to H. At the same time, category A includes the locations with the highest values and most opulent amenities. The locations with the lowest value, on the other hand, fall under group H.

You can calculate the circle rate in Delhi by using the formula below: 

  1. To begin, determine whether this property is for business or residential usage. 
  2. Second, is it an apartment, a plot of land, a detached house, or a studio apartment? 
  3. Third, what is the size of the property in question? 
  4. Fourth, where is this property located, and is it a high-end property? 
  5. Finally, if the year of construction is known, the ‘age multiplier’ should be used to arrive at a property valuation and the circle rate should be calculated appropriately.

Property value = Built-up area (in sq metres) x circle rate for the locality (in Rs per sq metre).

Delhi circle rate for flats in 2022

AreaDDA, society flats (per sq metre)Private builder flats (per sq metre)Multiplying factors for private colonies
Up to 30 sq metresRs.50,400Rs.55,4001.1
30-50 sq metresRs.54,480Rs.62,6521.15
50-100 sq metresRs.66,240Rs.79,4881.2
More than 100 sq metresRs.76,200Rs.95,2501.25
Multi-storey apartmentRs.87,840Rs.1.1 lakhs1.25

Delhi circle rate for residential and commercial plots in 2022

CategoryLand cost (per sq. metre)Cost of Construction: Residential (per sq. metre)Cost of Construction Commercial (per sq. metre)
ARs.7.74 lakhsRs.21,960Rs.25,200
BRs.2.46 lakhsRs.17,400Rs.19,920
CRs.1.6 lakhsRs.13,920Rs.15,960
DRs.1.28 lakhsRs.11,160Rs.12,840
ERs.70,080Rs.9,360Rs.10,800
FRs.56,640Rs. 8,220Rs.9,480
GRs.46,200Rs.6,960Rs.8,040
HRs.23,280Rs.3,480Rs.3,960

Delhi circle rate of land in colonies

AreaCost of landCost of construction 
Lodi Road Industrial AreaRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Maharani BaghRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Nehru PlaceRs.7.74 lakhs per sq metreRs 21,960 per sq metre
New Friends ColonyRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Panchshila ParkRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Rajendra PlaceRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Shanti NiketanRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Sunder NagarRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Vasant ViharRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Anand NiketanRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Basant Lok DDA ComplexRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Bhikaji Cama PlaceRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Friends ColonyRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Friends Colony EastRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Friends Colony WestRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Golf LinksRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Kalindi ColonyRs.7.74 lakhs per sq metreRs 21,960 per sq metre
Anand LokRs.7.74 lakhs per sq metreRs 17,400 per sq metre
Andrews GanjRs 2.46 lakhs per sq metreRs 17,400 per sq metre
Defence ColonyRs 2.46 lakhs per sq metreRs 17,400 per sq metre
Greater Kailash IRs 2.46 lakhs per sq metreRs 17,400 per sq metre
Greater Kailash IIRs 2.46 lakhs per sq metreRs 17,400 per sq metre
Greater Kailash IIIRs 2.46 lakhs per sq metreRs 17,400 per sq metre
Greater Kailash IVRs 2.46 lakhs per sq metreRs 17,400 per sq metre

Experts recommend that the concessions on the circle rates in Delhi be extended to benefit both developers and homebuyers. Thus, reduced circle fees are also projected to increase revenue for the state government. As a result, it is feasible for both real estate developers and homebuyers, as well as the government.

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