Circle rate of a property is the minimum base price fixed by the respective State Government & Municipal authorities, below which the sale of that property cannot take place.

In order to calculate the circle rate of a property, you need to find the size of property, locality, cost of construction of the property and the age factor applicable to that property.

Stamp duty is the legal fees to be paid to the State Government for purchase of any property by the Buyer/s. The Stamp Duty in Delhi varies between 4% (For Women) and 6% (For Men) of the transaction value. There is an additional 1% Registration fee (1% of the transaction value) which has to be paid by the Buyer.

It is the buyer who has to pay for the Stamp Duty, Registration fees and all other registration related expenses in order to purchase a property.

Besides stamp duty the Buyer needs to pay for the Registration Fee of 1%. And legal charges in case they have availed services of any property lawyer for drafting of Sale Deed and legal consultation.

In order to boost the sector after the slowdown due to Covid pandemic, the Circle rates were reduced by 20% in all the category of colonies in Delhi till 30th June 2022.

A property cannot be transacted below the circle rate. However, there are few instances where the market value of a property is below the circle rate in any locality and the parties want to proceed with the sale transaction at that lower price in that case they are advised to consult their property lawyer.

At many places, the market value or deal price of a property is higher than the circle rates in that area. In such cases, the stamp duty is not calculated on circle rates, infact it will be calculated on the deal price which is higher than the circle rates.

In some states it is also referred to as Circle Rate. It is the standard value or the base value of an immovable property fixed by the government after consulting the local municipal authorities and other related departments. The stamp duty of a property is calculated on the basis of these Ready Reckoner Rates or Circle rates.It is revised from time to time by the respective governments.

No. Because it depends on variety of factors like locality, amenities etc, it varies from one colony to another within the city.