Gurgaon is a fast-developing city, and its real estate is developing very rapidly. When one is buying a property, one has to consider various factors, one of which is circle rates. The circle rates are revised from time to time. This blog focuses on the Circle Rate Gurgaon in 2024, which was recently revised on 10 January 2024.
What is Circle Rate?
The Circle Rate of an area is the minimum amount per sq. ft. of the property that has been designated to it. The property is not allowed to be registered under sale below this rate. The term circle rate is used for the terms collectors rate, guidance value, and reckoner rates of the property. All these terms are used all over India with reference to the circle rate only.
The circle rate is considered the benchmark rate below which one cannot register the property with the government. It is considered an important parameter that helps determine the stamp duty and the registration charges charged on the immovable assets. It helps prevent the undervaluing of the value of the property. It provides a foundation for the calculation of various other charges. It is determined by the state government and is revised from time to time and according to market trends.
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Circle Rates in Gurgaon
The circle rates in Gurgaon have experienced a hike. The hike was proposed by the government around about 30-80% for various categories. In the agricultural and commercial areas in Badhsapur and the nearby regions a hike of around about 40-80 % was proposed and in the Wazirabad tehsil area proposed hike of 60-70% for residential and commercial land. In the areas of Golf Course Road and MG Road there has been a hike in order to bridge the gap between mandated rates and actual market value. Another area Farrukh Nagar which is one of the emerging areas, has experienced a significant hike.
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Factors Affecting Circle Rate in Gurgaon
The circle rates are different for each locality in Gurgaon. The circle rate depends on various factors like:
- Location:
It plays a vital role in deciding the circle rates of Gurgaon. A property in a very well-developed location will have a higher circle rate than a property in an area that is still developing.
- Developed Infrastructure:
The development of infrastructure also plays a vital role in calculating circle rates. Infrastructure such as well-maintained roads, robust connectivity, an efficient sewage system, and access to civic facilities like water and electricity affect the calculation of circle rates.
- Market Value:
In a few cases, the circle rates are also affected by the market value. If the market value is higher than the circle rates, then both are considered, and a line is drawn between them.
- Type of Property:
The circle rates depend on the various property types like plots, apartments, builder floors, and independent residential houses.
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Significance of Circle Rates
- Property Taxation:
The circle rate plays a crucial role in determining the property tax. The government takes into consideration the circle rate of the area and the minimum value of the property to determine the tax value of the associated property.
- Registration of Property:
The circle rates are considered when registering the property. Stamp duty has to be calculated, and the government considers the circle rates when determining stamp duty. The circle rates are also used to calculate the registration charges for registering the property.
- Legal Issues:
The circle rates also come into use for resolving legal disputes and looking into various complications by the court.
Process to check Circle Rates in Gurgaon
The steps to check the circle rates for a particular locality in Gurgaon are:
- The first step is to visit the site https://gurugram.gov.in/, which is the official website of the Gurgaon administration
- After opening the website, one needs to click on the Department section on the website’s homepage.
- The next step is to click on the revenue option after the department section is opened up.
- Now, one has to choose the locality of the area in which one is trying to find out the circle rates and then click on the option on the webpage.
- After that, the website shall display all the required details of the circle rates on the screen.
- One can check the circle rates listed, which are provided per square foot or unit of land measurement or in any specific format.
Key Areas Circle Rate
- Circle Rate of various Sectors in Gurgaon are:
| Sector | Circle Rate per Square Ft |
| Sector 63 | Rs 3,500 |
| Sector 62 | Rs 3,500 |
| Sector 61 | Rs 3,500 |
| Sector 60 | Rs 3,500 |
| Sector 59 | Rs 3,500 |
| Sector 58 | Rs 3,500 |
| Sector 57 | Rs 5,000 |
| Sector 56 | Rs 5,000 |
| Sector 55 | Rs 5,000 |
| Sector 54 | Rs 5,000 |
| Sector 53 | Rs 5,000 |
| Sector 52 | Rs 5,000 |
| Sector 51 | Rs 5,000 |
| Sector 50 | Rs 5,000 |
| Sector 46 | Rs 5,000 |
| Sector 43 | Rs 5,000 |
| Sector 41 | Rs 5,000 |
| Sector 40 | Rs 5,000 |
| Sector 31 – 32A | Rs 5,000 |
| Sector 30 | Rs 5,000 |
- The Circle Rates for Plots in Licensed Colonies
| Locality | Circle Rate per Square Ft |
| Palam Vihar | Rs 6,600 |
| DLF Phase II | Rs 7,000 |
| License colonies in sectors | Rs 2,830 |
- Circle rates for multi-storeyed apartments in Gurugram:
| Locality | Circle Rate per Square Ft |
| DLF Colony Old | Rs 54,000 |
| Housing Board Colony | Rs 3,800 |
| Sectors 104 to 115 | Rs 3,000 |
| Sectors 1, 2, 3, 3A, 4, 5, 6, 7, 12, 12A, 13, 14, 15, 16, 17, 21,22, 22A, 23, 23A, 38, 40 42, 43 | Rs 5,000 |
- Circle Rate Gurgaon for HUDA Sectors:
| Locality | Circle rate per sq yard |
| Sectors 104, 105, 106, 109, 110, 110A, 111, 112, 113, 114 | Rs 30,000 |
| Sectors 25 | NA |
| Sectors 18, 19, 20 | NA |
| Sectors 1, 2, 3, 3A, 4, 5, 6, 7, 12, 12A, 13 | Rs 35,000 |
| Sectors 21, 22, 22A, 23, 23A | Rs 35,000 |
| Sector 38 | Rs 40,000 |
| Sectors 14, 15, 16, 17, 40 | Rs 45,000 |
| Sectors 42, 43 | Rs 50,000 |
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How can you calculate property value according to Gurgaon circle rates?
To calculate the property value in Gurgaon using the circle rate for stamp duty payment, you can follow these valuation methods based on the property type:
- For Apartments and Flats:
Multiply the carpet area of the apartment or flat by the circle rate per square yard.
- For Builder Floors:
Multiply the carpet area of the builder’s floor by the circle rate per square yard.
- For Plots:
Multiply the plot area (in square yards) by the circle rate per square yard.
- For Home Built on Plot:
Multiply the plot area per square yard and the minimum construction costs per square yard.
Circle Rate Vs. Market Value
| Sr. No. | Market Value | Circle Rates |
| 1. | Market forces like Supply and demand dynamics, location attractiveness, market trends determine it | It is determined by the government authorities based on local factors and regulations |
| 2. | It fluctuates and is dynamic in nature as various factors like demand, supply, location, and property conditions influence it | It is generally fixed by the government and revised after a certain period as per the criteria which has been determined priorly |
| 3. | It represents what would be the actual selling price of the property | It is the minimum valuation for property transactions decided by the government |
| 4. | It is not accurate as it can vary based on the market conditions and negotiations between the parties of the transactions | This is treated as a standardised benchmark for all property transactions and does not always reflect the various current market trends |
| 5. | It is mainly used for determining the actual transaction price during the sale or purchase of a property | It is Utilized for the calculation of stamp duty, registration fees, and taxation purposes |
| 6. | It is subject to negotiation and various market trends | It is less flexible, is legally binding and must be adhered to during property transactions |
| 7. | The property is not registered on the market value. | The property is registered on the circle rate even in case the market value is higher. |
| 8. | It is the value the sellers can ask in exchange of the properties. | It helps determine the indicative prices of the properties. |
| 9. | The market rates do not help in evaluating the right value of the property. | The circle rates help in evaluating the right value of the property. |
MCG Contact Details
Municipal Corporation Gurgaon
Address: Plot No. C-1, Info. City, Sector 34, Gurugram
Email id: cmc@mcg.gov.in
Website: mcg.gov.in
Contact number: 0124-2370911
Conclusion
Circle Rate is an important concept in the real estate sector. It helps in formulating the stamp duty and registration fees as well. When one is planning to buy a property in Gurgaon, he/she should look into the circle rates to ensure that there is not any kind of fraud happening. The circle rates are issued by the government, thus ensuring the minimum listed price of the property.
Frequently Asked Questions on Circle Rate in Gurgaon
Q1. What is a Circle Rate?
Ans1. Circle rate is the minimum property value set by the government for registration purposes, determining the stamp duty and registration charges payable during property transactions. It ensures transparency and prevents undervaluation in property deals.
Q2. What are the various factors affecting the circle rate in Gurgaon?
Ans2. Factors affecting Gurgaon’s circle rate include location, infrastructure, property type, market demand, government policies, socio-economic trends, historical transactions, legal considerations, and environmental aspects, all influencing property valuation and associated registration charges.
Q3. How circle rate is important for the registration of the property?
Ans3. Circle rate is crucial for property registration as it sets the minimum property value for calculating stamp duty and registration fees. This ensures transparency, prevents undervaluation, and helps the government collect accurate taxes, thereby maintaining fair property transactions and revenue integrity.
Q4. Is the stamp duty in Gurgaon dependent on the circle rate Gurgaon?
Ans4. Yes, stamp duty in Gurgaon depends on the circle rate. The stamp duty is calculated based on the higher value between the transaction price and the circle rate, ensuring proper tax collection and preventing property undervaluation.
Q5. Is the circle rate in Gurgaon the same in every locality?
Ans5. No, the circle rate differs from one locality to another. Each sector has different circle rates.
Q6. How to check circle rates in Gurgaon?
Ans6. To check circle rates in Gurgaon, visit the official Haryana government or Gurugram administration websites. Use the online property registration or e-governance portals, or contact local sub-registrar offices for accurate and updated circle rate information.
Q7. What is the circle rate for DLF colony Old?
Ans7. The circle rate for DLF colony old is Rs 54,000.
Q8. What is the circle rate of Sector 57 Gurgaon?
Ans8. The circle rate of sector 57 is Rs 5,000.
Q9. What is the market rate?
Ans9. The market rate is the actual selling price of a property in the open market, determined by factors such as location, demand and supply, economic conditions, and property features. It reflects the current value buyers are willing to pay and often exceeds the government-set circle rate.
Q10. How is the market rate different from the circle rate?
Ans10. The market rate is the actual price at which a property sells in the open market, influenced by factors such as demand, location, and economic conditions. The circle rate, set by the government, is the minimum value at which properties must be registered for tax purposes. Market rates are usually higher, reflecting real transaction values, while circle rates ensure transparency and fair tax collection.
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