The property circle rates in Delhi are important when determining the value of a property during a real estate transaction. Since it is crucial to property valuation, the circle rate in Delhi also has a role to play when you apply for a mortgage loan or a loan against property. The circle rate of property in Delhi varies from one locality to the next and impacts the amount you pay as stamp duty during a property purchase.
Circle rate is the minimum value at which a property can be registered, or a real estate transaction (sale/ purchase) can take place in each locality. It is notified by the government and is based on factors such as market rates, amenities, infrastructure, and demand and supply. The circle rate in Delhi for constructed properties also depends on an age multiplier. The DORIS portal helps homebuyers easily find the applicable circle rate in Delhi.
The residential plots falling under New Delhi Municipal Corporation have been divided into categories named from A-H. The new circle rate in Delhi for your category is in the charts below.
The circle rate is obtained as per the age of the property, according to the age factors described below.
MCD circle rate in Delhi depends on the classification of the area. Refer to the table below.
To obtain legal ownership of a property, you must pay the stamp duty, a tax levied by the government. Stamp duty is calculated based on the circle rate applicable. Stamp duty is payable on the circle rate value or the agreement value of the property, whichever is higher. The rate at which stamp duty is calculated in Delhi varies between 4% and 6% depends on whether a male or female owns the property.
The registration fee is charged over and above the stamp duty at a rate of 1%.
1. Determine the property’s built-up area: You will find it in the property-related documents.
2. Note the right property type: flat, plot, house, builder floor, etc.
3. Check the circle rate in Delhi as per the locality of the property.
4. Arrive at the minimum assessment value using the following calculations:
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Last update on 11-Mar-2021
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