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Circle Rates in Gurgaon: An Overview

Circle rates are an essential regulatory tool that establishes the minimum price at which properties can be bought or sold, as stipulated by the revenue department of the state government.

They not only impact transaction costs but also play a crucial role in guaranteeing fair market practices.

In this discussion, we will explore the complexities of circle rates in Gurgaon, revealing their importance and consequences for buyers, sellers, and investors in the ever-evolving real estate market of 2024.

What are Circle Rates?

Circle rates, which are also referred to as guidance values or ready reckoner rates, establish the minimum price at which a property can be bought or sold, as set by the revenue department of the state government.

These rates are critical in preventing the undervaluation of property values and serve as a foundation for calculating various charges, such as stamp duty and registration fees.

Latest News About Circle Rates in Gurugram

As per recent reports, Gurugram’s circle rates are expected to undergo significant changes.

The proposed revisions, ranging from 30-80% across various categories, aim to bring circle rates closer to the current market prices.

Additionally, it is dedicated to bridging the gap between mandated rates and actual market values, with substantial increases expected in popular areas such as Golf Course Road and MG Road.

Emerging localities such as Farrukh Nagar are also expected to experience significant hikes.

Current Circle Rates in Gurugram

Here’s an overview of the current circle rates in various sectors of Gurugram:

SectorCircle Rate per Square Ft
Sector 63Rs 3,500
Sector 62Rs 3,500
Sector 61Rs 3,500
Sector 60Rs 3,500
Sector 59Rs 3,500
Sector 58Rs 3,500
Sector 57Rs 5,000
Sector 56Rs 5,000
Sector 55Rs 5,000
Sector 54Rs 5,000
Sector 53Rs 5,000
Sector 52Rs 5,000
Sector 51Rs 5,000
Sector 50Rs 5,000
Sector 46Rs 5,000
Sector 43Rs 5,000
Sector 41Rs 5,000
Sector 40Rs 5,000
Sector 31 – 32ARs 5,000
Sector 30Rs 5,000

Circle Rates for Plots in Licensed Colonies

For individuals considering plots in licensed colonies, here’s the circle rates for prominent localities:

LocalityCircle Rate per Square Ft
Palam ViharINR 6,600
DLF Phase IIINR 7,000
License colonies in sectorsINR 2,830

Circle Rates for Multi-Storeyed Apartments

These are the circle rates for multi-storeyed apartments in Gurugram:

LocalityCircle Rate per Square Ft
DLF Colony OldINR 6,000
Housing Board ColonyINR 3,800
Sectors 104 to 115INR 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, 43INR 5,000

How to Check Circle Rates in Gurugram?

The steps to check circle rates for a selected locality in Gurugram are:

  • Visit the official website of Gurugram administration at
  • Locate the “Department” section on the homepage.
  • Click on the “Revenue” option in the Department section.
  • Select the desired locality for which you want to check the circle rates.
  • The website should display the corresponding circle rates for that area.
  • Check the circle rates, which may be listed per square foot or unit of land measurement, depending on the specific format provided on the website.

Calculating Property Value for Stamp Duty Payment

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 floor by the circle rate per square yard.
  • For Plots – Multiply the plot area (in square yards) by the circle rate per square yard.
AspectCircle RatesMarket Rates
Determined byGovernment authoritiesSupply and demand dynamics, location attractiveness, market trends
PurposeSet minimum transaction value for property transactionsReflect actual selling price in open market
Regulatory NatureMandated by government and legally bindingNot regulated; subject to market fluctuations
Impact on TransactionsCan affect stamp duty and registration costs; may not align with actual market valueDirectly influence the selling price negotiated between buyers and sellers
  • For Home Built on Plot – Multiply the plot area per square yard and the minimum construction costs per square yard.

Difference Between Circle Rates and Market Rates

AspectMarket ValueCircle Rates
Determined byMarket forces and negotiations between buyers and sellersSet by government authorities based on local factors and regulations
NatureDynamic and influenced by various factors such as demand, supply, location, and property conditionFixed by government and periodically revised based on predetermined criteria
PurposeRepresents the actual selling price of the propertyMinimum valuation mandated for property transactions by the government
AccuracyMay vary based on market conditions and negotiationsProvides a standardized benchmark for property transactions, may not always reflect current market trends
UsageUsed for determining the actual transaction price during property sale or purchaseUtilized for calculation of stamp duty, registration fees, and taxation purposes
FlexibilitySubject to negotiation and market trendsLess flexible, legally binding, and must be adhered to during property transactions

And That’s It

A solid grasp of circle rates is crucial for all those involved in Gurugram’s real estate market.

These rates establish a minimum transaction value and promote fair practices.

It’s also important to distinguish between circle rates and market rates, as this knowledge can offer valuable guidance for navigating property transactions with ease and efficiency.

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