Circle rate vs market rate in South Delhi
A circle rate is the minimum value the government accepts for registering a property, while the market rate is the price buyers and sellers actually agree. In Category A colonies the market rate is usually higher than the circle rate. The table lists all 12 colonies Ultra covers with their category and rate, each with its source and date.
· By Raghav Chopra, founder, in South Delhi real estate since 2010
What is a circle rate?
A circle rate is the minimum value the government uses when it registers a property transfer.
It is set by colony category, which is why the category of a colony matters.
Why is the market rate higher than the circle rate?
In Category A colonies the market rate is usually higher, because buyers pay for location, plot size and condition, not for the government's minimum valuation.
Raghav checks the current circle rate on every deal, so the registration figures are never a surprise.
Which rate do I pay duty on?
The Revenue Department charges stamp duty and the registration fee on the higher of the agreed consideration and the circle-rate value, so you should know both before you sign.
Raghav confirms the figures with you at the start of each deal.
Colony category and circle rate
| Colony | Circle-rate category | Circle rate |
|---|---|---|
| Greater Kailash 1 | B | Confirmed from the notification |
| Greater Kailash 2 | B | Confirmed from the notification |
| Defence Colony | B | Confirmed from the notification |
| Vasant Vihar | A | Confirmed from the notification |
| Anand Niketan | A | Confirmed from the notification |
| Hauz Khas Enclave | Confirmed from the notification | Confirmed from the notification |
| Soami Nagar | B | Confirmed from the notification |
| East of Kailash | C | Confirmed from the notification |
| Kailash Colony | Confirmed from the notification | Confirmed from the notification |
| Safdarjung Enclave | B | Confirmed from the notification |
| South Extension | B | Confirmed from the notification |
| Panchsheel Park | Confirmed from the notification | Confirmed from the notification |
Circle rates are set by the Delhi government by colony category. Categories: Revenue Department, Government of NCT of Delhi, list of colonies by category. 'Confirmed from the notification' means Raghav checks the current figure for each deal.
Frequently asked questions
What is the difference between circle rate and market rate?
The circle rate is the government's minimum value for registering a property, while the market rate is the price a buyer and seller actually agree. In South Delhi's Category A colonies the market rate is usually higher, sometimes by a wide margin.
Where can I find the circle rate for my colony?
The circle rates are in the Delhi government's notification, by colony category. The table on this page lists each colony Ultra covers, with its category and rate once confirmed. Raghav also checks the current figure on every deal he handles.
Does the circle rate decide the price I pay?
No. The price is agreed between you and the seller. The circle rate sets a minimum value for registration and duty, so if your price is lower than the circle-rate value, duty can still be worked out on the circle-rate value.
How often do circle rates change?
The government revises them from time to time, so the figures in any article can go out of date. The table shows its source and date, and Raghav confirms the current rate with you before you sign anything, so you never rely on an out-of-date figure.
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