New Circle Rates in Delhi 2024 List

Delhi Government hikes Circle rates. Check New Minimum landing rates for residential, commercial and industrial uses 2024 / 2025.

Here’s the Complete Details of NEW CIRCLE RATES – Category wise

Minimum Rate (Circle Rates) for valuation of land and properties for the purpose of payment of stamp duty under Indian Stamp Act. As applicable to Delhi & registration fees under the registration Act, 1908 in Delhi:

Minimum Land Rate for Residential Use: –

Table 1

Minimum Land Rates for Commercial, Industrial and other uses:

The following multiplying factors shall be employed to the above minimum land rates of residential use, to arrive at the cost of land under other following uses: –

Table 1.1

* Definition are as per unit area property tax system.

Minimum rates for cost of construction

The Base unit rate of cost of construction will be : –

Table 1.2

3.2  – In order to take into Account the age of structures, the following multiplying factor shall be employed to the minimum cost of construction mentioned above: –

3.3 To calculate the valuation of different structures, the following multiplying factors to the above minimum cost of construction shall be employed under colonies in G and H category:

• Minimum Rates  of Built –up Flats up to four storey:-

Table 1.3

4.1

For the flats having more than four storey, a uniform rate per sq. mtr of Rs.87480/- will be taken as a minimum value of built up rate for residential purpose. Whereas in case where the same is used for commercial purpose, a uniform rate per sq mtr of Rs.100800/- will be taken as minimum value of built up rate for commercial purpose. For multi storied flats by private builders, a multiplicative factor of 1.25 shall be employed

The latest circle rates in Delhi in 2024 are as follows:

• Residential plots:
  • Up to 500 sq m: Rs. 25,200
  • 500 to 1,000 sq m: Rs. 21,960
  • 1,000 to 2,000 sq m: Rs. 19,920
  • Above 2,000 sq m: Rs. 17,400
• Commercial plots:
  • Up to 500 sq m: Rs. 37,800
  • 500 to 1,000 sq m: Rs. 34,240
  • 1,000 to 2,000 sq m: Rs. 31,680
  • Above 2,000 sq m: Rs. 28,400
• Residential flats:
  • Up to 30 sq m: Rs. 55,440
  • 30 to 50 sq m: Rs. 62,652
  • 50 to 100 sq m: Rs. 79,488
  • More than 100 sq m: Rs. 95,250
• Multi-storey apartments:
  • Up to 30 sq m: Rs. 63,200
  • 30 to 50 sq m: Rs. 70,400
  • 50 to 100 sq m: Rs. 87,840
  • More than 100 sq m: Rs. 1.1 lakh

Please note that these are the circle rates as of July 2023. The circle rates may be revised from time to time by the Delhi government.

To find the circle rate of a property in Delhi, you can use the following formula:

Circle rate = Minimum construction cost * Property age factor * Multiplying factor

NOTE: Where part plinth area, say one floor, of an independent property other than a flat is sold, the relevant minimum land cost may be taken for the proportionate plinth area sold, and minimum cost of construction applied on plinth area sold.