Current Circle Rates of the Real Estate Properties in Delhi

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A Simple Introduction to the Circle Rate in Delhi
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Small Brief About Circle Rate

• Land is an asset, whether it falls under the
  residential, commercial, industrial, or
  agricultural categories. As such, it is important
  that you, as a landowner or as an individual
  interested in owning land, are aware of the
  factors that affect its valuation. While age,
  condition, and type of land are key factors,
  another important one to note is the Ready
  Reckoner Rate (RRR) or the circle rate.
• Simply put, circle rate is the minimum price per
  unit area for a property. It is determined by the
  respective state government meaning the circle
  rate in Delhi can differ from the circle rate in
  Gurgaon, and both these can differ from the
  circle rate in Kolkata. Each of them indicates
  the lowest possible cost at which property
  transactions take place in that particular
  locality.

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• As such, the circle rate dictates the lowest
  amount against which the stamp duty and
  registration charges are levied. It is important
  to note that the circle rate in Delhi only points
  to the lowest possible value for property
  transactions and is not indicative of the actual
  value of any property. Circle rate is different
  from the market value, which is usually higher in
  most cases. All in all, the circle rate in Delhi
  serves as a benchmark for property transactions
  and being aware of this value helps both buyers
  and landowners.

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What is the Current Circle rate in Delhi for
Residential Plots?
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What is the Circle Rate in Delhi for Flats?
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What is the Circle Rate in Delhi for Agricultural
Land?
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How To Calculate a Propertys Value Using the
Circle Rate?

• To calculate a propertys value, here are the
  steps to follow.
• Calculate the area of the plot/ built-up area of
  the property
• Note the property type and locality
• Find the applicable circle rate
• Calculate the minimum assessed value
• For residential apartments Multiply the built-up
  area (sq.m.) into the applicable circle rate in
  Delhi for flats (Rs./sq.m.)
• For plots Multiply the area of the plot (sq.m.)
  into the circle rate for land in that locality
  (Rs./sq.m.)

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