Circle Rates in Gurugram

When looking to buy a property in Gurugram, knowing the circle rates is one of the important things which you need to consider. Here, we have provided you with all the updated circle rates in Gurugram in order to help you determine the registration and stamp duty charges before finalising your property in the city. Read on to knowabout the rates and other things.

The circle rates in key sectors of Gurugram for 2023-2024 are listed below:

The circle rates in Multi-storey group housing by builder’s floor in Gurugram are listed below:

The circle rates in HUDA Sector, Gurugram are listed in the table below:

The circle rates in HUDA Sector, Gurugram are listed in the table below:

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What Does Circle Rate In Gurugram Depend Upon ? Are The Rate Same Across Gurugram.

• Circle rates tend to vary across various Gurugram areas depending upon the market value of the area and the facilities available in that area.
• Typically, the government assign higher circle rates to commercial properties and lower rates for residential propertiesin Gurugram.
• Circle rates in Gurugram also depend upon the type of property. Register value of flats and apartments in Gurugram is different from that of plots and independent houses, even in the same area.

What Is The Stamp Duty Rate In Gurugram Payable For Registering Property?

• Stamp duty is payable as a percentage of the higher declared agreement value and assessed value as per the circle rate chart.

Registry Charges In Gurugram

• Registration charges are an additional levy over and above the stamp duty and are levied to cover the government’s cost of running registration offices.
• While registering property in Gurugram, you will need to pay a Slab-based registration fee, upto ₹ 15,000.

How To Calculate The Value Of A Property For Payment Of Stamp Duty In Gurugram Using Circle Rates?

Simply follow the following steps to calculate the value at which stamp duty is payable on the purchase of property in Gurugram.

Step 1. Check the property’s built-up area, its other features like floor, amenities, age of construction, and plot area.

Step 2. Select the applicable property type from among all the listed property types (e.g., is the property a flat or a plot or a house or a builder floor or a shop or a commercial unit)

Step 3. Select the locality or area where the property is located from the registrar office website’s classification or on MyLoanCare.

Step 4. Calculate the minimum assessed value as per the current circle rate as below:

What Is The Difference Between Market Rate And Circle Rates?

• Circle rates are notified by the government and are used as reference point for payment of stamp duty on property transaction registrations in Gurugram
• Market prices refer to the actual price at which property sale-purchase transactions are transacted between buyers and sellers
• In most cases, circle rates tend to be slightly lower than market prices. However, in some cases it is seen that the circle rates may even be higher than market prices

FAQs

What Is A Circle Rate In Gurugram?

• Circle rates refer to the government’s minimum rate at which any land or property in Gurugram can be sold or transferred. As per revised rates, the highest circle rates for a property in Gurugram is ₹ 77,000

How Is Stamp Duty Calculated In Gurugram?

• Stamp duty charges are calculated based on the property’s value & current stamp duty charges applicable as per your gender. For instance, if the value of the property is ₹ 40,00,000 & the property is registered in a male’s name. The applicable stamp duty would be Currently, the stamp duty charges vary between 5%-7% depending on gender.

What Are The Factors On Which Circle Rates Depend In Gurugram?

The government determines the circle rates depending on the below-mentioned factors:

• Type of property
• Usage of the property
• Amenities in the property
• Stamp & Registration Value