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The circle rate is essentially the lowest rate a property can be registered at. This rate is decided based on the locality. Hence it can vary between states and cities, as well as within cities. 

Circle rates enable the government to regulate the sale of property.  It is also the reference point to calculate and collect the appropriate registration fees, which is a prime source of income for the authorities.

Current Circle Rate in Gurgaon 2024

The circle rate in Gurgaon for some key sectors is mentioned in the table below.

Location

Circle Rate (Per Sq. ft.)

Sector 30

₹5,000

Sector 31 - 32A

₹5,000

Sector 40

₹5,000

Sector 41

₹5,000

Sector 43

₹5,000

Sector 46

₹5,000

Sector 50

₹5,000

Sector 51

₹5,000

Sector 52

₹5,000

Sector 53

₹5,000

Sector 54

₹5,000

Sector 55

₹5,000

Sector 56

₹5,000

Sector 57

₹5,000

Sector 58

₹3,500

Sector 59

₹3,500

Sector 60

₹3,500

Sector 61

₹3,500

Sector 62

₹3,500

Sector 63

₹3,500

Disclaimer: The rates can vary at the discretion of the state government.

 

The circle rate in Gurgaon for properties in the form of multi-storey buildings is listed in the table below. 

Location

Circle Rate (Per Sq. Ft.)

DLF Colony Old

₹6,000

Housing board colony

₹4,800

Flats in Sectors 104 to 115

₹4,200

Group Housing in 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

₹6,500

Disclaimer: The rates can vary at the discretion of the state government.

 

 For properties in the HUDA sector, the current circle rate in Gurgaon is as follows: 

Location

Circle Rate (Per Sq. Yard)

Sectors 104, 105, 106, 109, 110, 110A, 111, 112, 113, 114

₹44,000

Sectors 1, 2, 3, 3A, 4, 5, 6, 7, 12, 12A, 13

₹48,000

Sectors 21, 22, 22A, 23, 23A

₹48,000

Sector 38

₹54,000

Sectors 14, 15, 16, 17, 4o

₹65,000

Sectors 42, 43

₹66,000

 Disclaimer: The rates can vary at the discretion of the state government.

 

The current circle rate in Gurgaon for plots that are licenced in Gurgaon colonies are as follows: 

Location

Circle Rate (Per Sq. Yard)

Licence colonies in Sectors

₹36,000

Palam Vihar

₹8,000

DLF Phase II

₹8,400

Disclaimer: The rates can vary at the discretion of the state government.

 

How to Calculate Property Value in Gurgaon Using Circle Rate for Stamp Duty Payment

First, ascertain the property value, which will depend on the type of property. 

Here is a glimpse into this:

  • For Builder Floors and Apartments

Carpet area X specific circle rate per square yard

  • For Plots

Plot area in square yards X applicable circle rate per square yard

  • For Homes Built on Plots of Land

Plot area in square yard X specific circle rate per square yard + carpet area per square yard X minimum construction cost for each square yard

Factors Affecting Circle Rates in Gurgaon

Now that you know the circle rate in Gurgaon, here is an overview of factors that affect the current circle rate in Gurgaon.

  • Setting the circle rate means assessing the minimum value of the property and any factors affecting the price of a property will impact its circle rate

  • Properties located in city centres with close proximity to business hubs and other public landmarks are likely to have a high circle rate

  • If the property is in a more remote area, the property is likely to have a lower value with a reduced circle rate

  • The tier of the city where the property is located and the presence of surrounding amenities also affect the movement of circle rates

 

Remember that circle rates are changed on a routine basis. However, they are likely to lag behind market rates as market rates tend to be much more dynamic in nature.

Conclusion

Registration fees are ascertained on the basis of the prevailing circle rates applicable in the area where you wish to purchase the said property. 

Additionally, you can apply for a housing loan on Bajaj Markets and get home loans at lucrative rates. You can also check your home loan eligibility on the website. 

FAQs on Circle Rate in Gurgaon

What is the current circle rate in Gurgaon?

The circle rate in Gurgaon depends on numerous factors. One is the sector you are in. For example, if you are in sector 58, the circle rate is ₹3,500 per sq. ft., but it is ₹5,000 per sq. ft., for sector 57.

How to know the circle rate for my property in Gurgaon?

To know your circle rate, you can visit the official Gurgaon district website and navigate to the collector rates. You can choose the latest PDF document and know the circle rate of your property.

Is the Gurgaon circle rate the same for every area?

No, the circle rate varies depending on numerous factors, including area. It also depends on whether the property is far from the centre, has any amenities, and other factors.

Does property age affect the valuation?

Yes, when it comes to property valuation, the age of the property plays a significant role. As the property gets older, the value will decrease, and vice versa.

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