Circle rates in Gurgaon for 2024
Circle rate is the minimum price at which a property can be sold. The state government sets these prices for each micro-market in the city based on various factors. In Gurgaon, these rates vary from sectors to sectors, so home buyers need to know the latest circle prices to estimate the cost of buying a home. Read on to know the latest updates and circle prices in Gurgaon in 2024.
Circle Rate in Gurgaon is an important term for buyers and sellers in the real estate market.
It represents the minimum price set by the government for property transactions in the city.
Understanding how circle rate works and how it is calculated is essential to make an informed decision while buying or selling property in Gurgaon.
In this article, we will take a detailed look at the latest circle rates in Gurgaon 2024, how to calculate circle rate, key differences between circle rate and market rate, impact of circle rate on property prices, and more.
What are the circle rates in Gurgaon?
Gurgaon circle rate is the minimum price at which a property can be registered with the government.
It is fixed by the Haryana government and reviewed periodically to ensure that it is in line with the prevailing market price.
Circular rate is the base price for calculating stamp duty and registration charges for real estate transactions.
To align with the market value of properties, the circle rate in Gurgaon is updated twice every year. Let us take a look at the circle rates in Gurgaon.
Sector | Circle rate per square yard |
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 in Multi-storey group housing by builder's floor in Gurgaon are listed below:
Locality | Circle rate per square yard |
DLF Colony Old | Rs 54,000 |
Housing board colony | Rs 38,00 |
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 |
The circle rates in HUDA Sector, Gurgaon are listed in the table below:
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, 4o | Rs 45,000 |
Sectors 42, 43 | Rs 50,000 |
The circle rates for plots in licensed colonies of Gurgaon are mentioned in the table below:
Locality | Circle rate per square yard |
License colonies in Sectors | Rs.2,830 |
Palam Vihar | Rs 6,600 |
DLF Phase II | Rs 7,000 |
Difference Between Circle Rate and Market Rate in Gurgaon
Circle rate:
Circle rate is the minimum set by the Gurgaon government for real estate transactions.
It is the base price for calculating stamp duty and registration charges when selling a property.
Circle rates in Gurgaon are categorized from A to H based on factors like location, infrastructure, amenities etc. Properties in affluent areas attract higher county tax rates.
County tax rate is calculated by multiplying the built-up area of the property by the applicable tax rate per square meter or square feet, taking into account the age of the property.
Market rate:
Market price is the actual price at which a property is bought and sold in the real estate market.
Market price is influenced by factors such as the size of the property, amenities, and location, and is generally higher than the corresponding county price.
Builders rarely sell properties at county prices, as this would lead to significant losses. Properties are usually not available at county prices.
Market price provides information about the appreciation of property values in a particular area.
To summarize, circle rate is the minimum valuation set by the government while market rate is the actual price determined by market forces and is usually higher than circle rate. Understanding this difference is crucial for buyers and sellers in the Gurgaon real estate market.
How to Calculate the Circle Rate in Gurgaon for Different Property Types
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Independent Plots: To calculate the Gurgaon circle rate of an independent plot, you need to multiply the plot area by the applicable circle rate amount (per square mtr) based on the locality.
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Builder Floors: To calculate the Gurgaon circle rate of a builder floor, multiply the total built-up area by the minimum construction cost of the property. Once done, multiply the product with the age factor applicable to the property.
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Society Flats: To calculate the Gurgaon circle rate of society flats,, multiply the total built-up area by the minimum construction cost of the property. Then, multiply the product by the age factor applicable to the property.
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Multi-Storey Apartments: To calculate the Gurgaon circle rate of a multi-storey apartment, multiply the total built-up area by the property's applicable Gurgaon circle rate.
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Residential Houses: To calculate the Gurgaon circle rate of a built-up residential flat, multiply the total built-up area by the minimum construction cost of the property. Once done, multiply the product by the age factor applicable to the property.