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What is G Category Circle Rate in Delhi?

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Delhi
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0 2022-07-13T21:56:41+00:00
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Hey,

If you are a resident of Delhi, you must be aware of the G category circle rate in Delhi, so that you do not get fooled like we did when we were looking for plots to buy in Delhi. The base cost of the property in Delhi is called the circle rate. It is the rate below which you are unable to sell any kind of property, including real estate, apartments, and business properties.

Now you can resale plots via NoBroker with just a few simple steps and get genuinely interested buyers.

What is the Circle Rate in Delhi? 

Delhi's circular rate aids the state government in setting rates for distinct city neighbourhoods and preventing price speculation. The minimal asking price for a property in Delhi is known as the circular rate. The circle rate of real estate in Delhi is often monitored on a regular basis to keep them below market pricing.

Circle rate in Delhi G category

The 20% circular rate concession has been eliminated by the Delhi government. The cost of real estate in Delhi would increase as of July 1, 2022. In Delhi, stamp duty is now charged at a rate of roughly 4% for females and 6% for males. For a jointly owned property in Delhi, the stamp duty rate is roughly 5%. Similar to that, the fee for property registration is roughly 1% of the property's worth.

Following are the localities which come under the circle rate of the G category in Delhi: Ambedkar Nagar Jahangirpuri, Amber Vihar, Dakshinpuri, Hari Nagar Extension, Tagore Garden, Ambedkar Nagar East Delhi, Dabri Extension, Dashrath Puri, Vivek Vihar Phase I.

G category circle rate in Delhi

Category Cost of Construction per Square Metre (Rupees) Minimum rates for valuation of land for residential use (Per Square Metre in Rupees) Construction cost: Commercial (per sq metre)
G

6,960

46,200

 Rs 8,040

What are the Factors on Which Circle Rate in Delhi Depends?

The circle rate in Delhi changes depending on the region and factors like

  • Facilities in the vicinity

  • The area's market worth

  • The accessibility of surrounding amenities

I hope now you know about the G category circle rate in Delhi.

Read More: What is Circle Rate? How to Find Circle Rate of Property?

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