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Capital Sets Minimum Circle Rates
| June 19, 2007 |   (58 votes, average: 1.19 out of 5) Loading ... |
Residents in Delhi interested to buy or sell residential property without undervaluing their property to cut on taxes have a reason to smile. The Delhi Cabinet on Monday has approved threshold property rates for valuation of land and properties for the purpose of registration in different parts of the city.
Any property deal that would be hitting below the prescribed level will not be registered, says chief minister Sheila Dikshit. The new rates are likely to ease the procedure of evaluation of stamp duty and result in greater transparency, simplicity, and effectiveness in the registration process.
The Capital has been divided into eight categories – A to H.
Outlined below is the table showing the CIRCLE RATES
|
PROPOSED CIRCLE RATES
Minimum rate per square metre for valuation of land for residential use |
|||
|
Category
|
Areas
|
Option1 (Rs)
|
Option2 (Rs)
|
|
A
|
IP Estate, Andrews Gunj, Anand Lok, Sunder Nagar, Greater Kailash I, II, III
|
43,000
|
47,000
|
|
B
|
Chittaranjan Park, INA Colony, Nizamuddin (E), Pragati Vihar, Jangpura, Kailash Colony |
34,100
|
37,300
|
|
C
|
Nizamuddin (W), Amar Colony, Siddharth Encl, Vikram Vihar, Lajpat Nagar I & II |
27,300
|
29,800
|
|
D
|
Kasturba Nagar, Anna Nagar, Balmiki Basti, Press Enclave (Minto Road), Daryaganj, Amiganj, Sewa Nagar |
21,800
|
20,300
|
|
E
|
Arab ki Sarai, Amritpuri, Bhagwan Nagar, Siddharth Extension, Kasturba Niketan, Bhim Nagri |
18,400
|
20,100
|
|
F
|
Sarai Kale Khan, Nangloi, Tilak Khand, Govindpuri Extension, Subash Khand, Jamia Nagar |
16,100
|
17,600
|
|
G
|
Devinagar, Gautampuri, Azim Dairy, Taimoor Nagar, Canal Colony Okhla, Harijan Colony, Hauz Rani Mohulla |
13,700
|
4,900
|
|
H
|
Rural Villages
|
6,900
|
7,500
|
The circle rate method to be used by MCD will be reviewed after every five years, says the finance minister AK Walia.
The government expects revenue to increase from current Rs 500 to Rs 700, a sign underlining rampant property undervaluation in the city, adds Walia. The minister also clears the fact that the government would not bring into effect the changes in circle rates which have been evaluated on figures for the year 2005.
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sir,
in case we hv purchased the one floor in lajpat nargar-i, new delhi-24 how can calculate the circule rate. ( total one basement+4 floor.)pls let us know as early as possible
what are the circle rates of commercial shop in vikas puri
Hi Sir
I am purchasing a property in Hari Nagar(Near Mayapuri), New Delhi. Please suggest the impact of Circle rate on registry of property.
Thanks and Regards,
Pankaj
Can you please tell me the amount I will pay for registry for ground floor. Property area is 84 sq m. Please reply urgently
plz send me a ‘E’ category area rate.
sir/mam. me purchase a property in ROSHNARA ROAD maholla bhar ghar near metro station pulbangash.total property 35sq m.
plz send me area which category
Pls let me know the circle rate for Property
at Vasant Vihar (Basement +3 1/2 Floors)
Regards
Rajesh Kumar
I am purchasing a 40 sq. yards house in Jagat Puri opposite Karkardooma courts. The house is built in GF and Ist floor only. What circle rate and constructional duty i will have to pay…Please expedite the reply….thanx
I m buying office commercial space second floor in commercial complex - 229 sq ft. At vikas puri, new delhi.
What will b the cirlce rate, what will be the calculation, and what minimum amount of registry to be done.???
I m buying office commercial space second floor in commercial complex - 229 sq ft. At vikas puri, new delhi.
What will b the cirlce rate, what will be the calculation, and what minimum amount of registry to be done.???
thanx
Regards
Davinder Sodhi
Hi,
I am buying a property in Dwarka..most likely in September
What will be the circle rate ?
And will the new stamp duty percentage be applicable from September ?
Please advise
Dear Sir,
May I know about the circle rates as on date for Mayapuri Industrial Area, Phase-1, New Delhi - 64.
Please also let me know about the calculation method for the conversion process from lease hold property to free hold and the expenses thereon.
Thanks & Regards,
Sameer
Dear Sir,
I am planning to purchase a builder floor of 100 sq ft in Subhash Nagar, ND-27 in the near future. What wlould be the cirlce rate, what will be the calculation, and what minimum amount of registry to be paid???
Please also let me know about the calculation method for the conversion process from ‘lease hold’ property to ‘free hold’ and the expenses thereon.
Thanks,
Mukesh
Tell me what the amount we will have to pay for stamp duty on lease property in Delhi (Connaught Place) ???
am purchasing a 40 sq. yards house in laxmi nagar delhi near shakerpur thana. The house is built in GF and 3rd floor. What circle rate and constructional duty i will have to pay…Please expedite the reply….thanx