Looking to know everything about circle rate in Delhi? We’ve got you covered. Circle rates can be described as a property’s base price. It is the price of the property below which any type of property cannot be sold.
The circle rate in Delhi in 2022 can be filed online and the process is fairly straightforward. In this blog, we are going to help you understand everything about category-wise circle rates in Delhi. Let’s get started.
What is Delhi’s Circle Rate?
Circle rates in Delhi are a way for the state government to look into price speculations by setting rates for different localities in the capital. The circle rate in Delhi can be described as the minimum price at which a property can be sold. This rate is often checked periodically to ensure that it is retained under the market price.
Anyone wishing to invest in a property in Delhi should be aware of the circle rate in Delhi in 2022, as the price of the property, stamping duties, and property registration, focus on the property's value according to the circle rate in Delhi.
What is the 2022 notification for Circle Rate in Delhi?
Talking about the circle rate in Delhi in 2022, the government of Delhi has removed the rebate of 20% discount on the circle rate in Delhi. The property rates will spike and the circle rate of Delhi will be followed according to the 2014 notification. As the circle rate in Delhi reduces, the registration charges of the property and stamp duty rates are also reduced.
Currently, the rate of stamp duty is 6% for men and 4% for women. In the case of joint ownership property, the stamp duty is 5%. Additionally, the registration charges of the property are around 1% of the value of the property.
Moreover, the circle rate in Delhi for residential properties is lower than the circle rate in Delhi for commercial properties.
What are the factors that affect Circle Rate in Delhi
The circle rate in Delhi is impacted by various factors including:
Property’s Market Value: A property’s market value can be defined as the factor that is considered by the government when checking a specific property’s circle rate. In most cases, the property’s market value is higher than the property’s circle rate.
Usage of the Property: Another major factor affecting the circle rate in Delhi is the property’s usage. The circle rate in Delhi is higher for commercial properties compared to the circle rate for properties being used for residential purposes.
Facilities or Amenities: The circle rate in Delhi may increase or decrease according to the facilities and amenities at the property. Properties that come with advanced amenities like a swimming pool, guest accompanied, jogging track, etc. often have a high circle rate.
Property’s Location: The property's location is another critical factor in setting up the circle rate in Delhi. The circle rate of a property in a posh area will be higher than that of a property in a normal area.
Type of Construction: Another factor is the construction of the property. The circle rate of a property constructed by the government will be lower than that of a property built by a private developer.
Circle Rate in Delhi vs Market Rate
The circle rate in Delhi in 2022 is determined by the Delhi government. However, the market rate of a property is determined after considering various factors. The following are a few factors that will help you understand the difference between the two:
Property Registration: The registration of a property can be done on the circle rate in Delhi. However, the market rate is the rate that the property’s owner can quote while renting or selling the property.
Stamp Duty Calculation: Similar to the registration of the property, stamp duty is also calculated according to the circle rate in Delhi in 2022.
Revision: The market rates of a property have a higher frequency of revision compared to circle rates in Delhi. Market rates in Delhi fluctuate a lot of times as they depend on the demand-supply ratio of the specific location and the market condition, while a circle rate in Delhi can only be revised two times a year.
How to calculate Circle Rate of Property in Delhi
In this section, let’s quickly discuss how the circle rate in Delhi is calculated:
As a first step, you must visit the Delhi Online Registration Information System website.
On the website, you will have to select your Locality, Sub-Registrar, Sub-Deed Name, and Deed Name, respectively.
Once you’re done, the website will ask you for a few other necessary details like the property type, consideration amount, sub-property type, and gender.
Lastly, the website will calculate your property’s circle rate in Delhi based on the information you provide.
Circle Rate in Delhi category-wise classification of areas
There is a category wise circle rate in Delhi. The localities in Delhi are classified into eight categories that help decide the circle rate in Delhi:
Category A
Kalindi Colony
Friends Colony
Golf Links
Maharani Bagh
Nehru Place
Lodi Road Industrial Area
Shanti Niketan
New Friends Colony
Panchshila Park
Vasant Vihar
Rajendra Place
Anand Niketan
Basant Lok DDA Complex
Sunder Nagar
Bhikaji Cama Place
Category B
Anand Lok
Andrews Ganj
Sarvapriya Vihar
Defence Colony
Sarvodaya Enclave
Green Park
Gulmohar Park
Greater Kailash
Hamdard Nagar
Hauz Khas
Maurice Nagar
Nizamuddin East
Neeti Bagh
Munrika Vihar
Panchsheel Park
Safdarjung Enclave
Pamposh Enclave
Nehru Enclave
Category C
Kailash Hill
Punjabi Bagh
Alaknanda
East Patel Nagar
Civil Lines
Chittaranjan Park
Lajpat Nagar
East of Kailash
Kalkaji
Jhandewalan Area
Malviya Nagar
Munirka
Masjid Moth
Nizamuddin West
Vasant Kunj
Panchsheel Extension
Som Vihar
Category D
Rajinder Nagar
Rajouri Garden
Jasola Vihar
Karol Bagh
Kirti Nagar
Janakpuri
East End Apartments
Hudson Lane
Daryaganj
Anand Vihar
Gagan Vihar
Jangpura A
Jangpura Extension
Dwarka
Indraprastha Extension
Jangpura A
Mayur Vihar
Category E
Kashmere Gate
Chandni Chowk
Rohini
Moti Nagar
Mahavir Nagar
Gagan Vihar Extension
Khirki Extension
Jama Masjid
Sarai Rihilla
Madhuban Enclave
Hauz Qazi
Pandav Nagar
East End Enclave
Pahar Ganj
Category F
Uttam Nagar
Govindpuri
Majnu Ka Tila
Zakir Nagar Okhla
Daya Basti
Jangpura B
Ganesh Nagar
Nand Nagri
Dilshad Colony
Madhu Vihar
Arjun Nagar
Anand Prabhat
Hari Nagar
Dilshad Garden
Mukherjee Park Extension
BR Ambedkar Colony
Category G
Dabri Extension
Ambedkar Nagar Jahangirpuri
Dakshinpuri
Amber Vihar
Dashrath Puri
Vivek Vihar Phase 1
Tagore Garden
Hari Nagar Extension
Ambedkar Nagar East Delhi
Category H
- Sultanpur Majra
Circle Rate calculation for different types of properties
Here are the formulas for calculating the circle rate in Delhi depending on the type of property:
Independent Plots: The circle rate in Delhi for an independent plot can be calculated by multiplying the plot’s area by the applicable circle rate according to the locality.
Builder Floors: In the case of builder floors, the circle rate in Delhi can be calculated by multiplying the property’s minimum construction cost by the total area that has been built. Then, you need to multiply the product with the applicable age factor of the property.
Society Flats: For society flats or DDA, you can calculate the circle rate by multiplying the total area that has been built by the property’s minimum construction cost. Then, you need to multiply the product with the applicable age factor of the property.
Multi-Storey Apartments: To calculate the circle rate in Delhi for multi-storey apartments, you must multiply the total area built by the property's applicable circle rate.
Residential Houses: In the case of residential houses, you will have to multiply the total area that has been built by the property’s minimum construction cost. Then, you need to multiply the product with the applicable age factor of the property.
Points to note while calculating Circle Rate in Delhi
The following are a few things you must keep in mind while calculating the circle rate in Delhi:
In some cases, the market rate may be lower than the circle rate in Delhi.
You must enter the right property details to get the correct circle rate in Delhi.
The circle rate is calculated according to the eight categories.
The circle rate in Delhi depends on various factors, including the area, construction type, amenities offered, etc.
The circle rate also varies depending on the property’s usage.
In this blog, we helped you understand the circle rate in Delhi and how it is calculated. We hope this blog helps you find the circle rate in Delhi in 2022 for your property.
Need help? Don't you worry. You can connect with our team to help you with everything related to Real Estate investments. Reach out to us right away!
