Circle rate is a key determinant when calculating property value during purchase, sale, or transfer of a property. It is also used by financial institutions to determine the loan quantum when processing a mortgage loan application.
State governments declare specific circle rates for particular regions. It is the minimum rate which the government declares for purchase of properties. The Haryana government notifies the circle rates in Gurgaon through the Gurgaon Registrar and Sub-Registrar office.
Individuals opting for a loan against property in Gurgaon should take into account the circle rates of their particular region before applying.
The Haryana government has recently updated the circle rates in Gurgaon. The valuation of properties during registration, stamp valuation, and property loan will be according to the revised circle rates.
The revised circle rates for residential units in the HUDA sectors in Gurgaon are mentioned in the table below.
| HUDA Sectors | Circle rates per sq. yard (Rs.) |
|---|---|
| Sector 27, Sector 28, Sector 42, Sector 43 | 50,000 |
| Sector 14 – 17, Sector 30, Sector 31, Sector 40 | 45,000 |
| Sector 38, 41 | 40,000 |
| Sector 1 – 3, Sector 3A, Sector 4 – 7, Sector 12, Sector 12A, Sector 13, Sector 21, Sector 22, Sector 22A, Sector 23, Sector 23A |
35,000 |
| Sector 104 – 106, Sector 109, Sector 110, Sector 110A, Sector 111 – 115 | 30,000 |
| Sector 58 - 66, Sector 67, Sector 68 – 113, Sector 37, Sector 37D | 25,000 |
The table below illustrates the circle rates for licensed colonies in Gurgaon.
| Licensed colonies in Gurgaon | Circle rates per square yard (Rs.) |
|---|---|
| Sushant Lok 1, DLF Phase 1 | 77,000 |
| South City 1, DLF Phase 2, DLF Phase 4 | 72,000 |
| National Media Centre, DLF Phase 3 | 66,000 |
| Greenwood City, Nirvana Country 1, DLF Phase 5 | 61,000 |
| Garden Estate | 60,000 |
| Suncity, South City 2, Rosewood | 51,000 |
| Uniworld Resorts, Palam Vihar | 50,000 |
| Vatika City, Jalvayu Vihar, Malibu Town, Uppal Southend, Ardee City, Sushant Lok 2, Sushant Lok 3, Mayfield Garden | 42,500 |
| Ansal Essencia | 28,100 |
| Sector 67 | 28,050 |
| Sector 37, Sector 37D, Sector 58 – 66, Sector 68-113, DLF Garden City, Vatika India Next, Sector 104 – 106, Sector 109, Sector 110,Sector 110A, Sector 114, Sector 115 | 25,500 |
The circle rate in Gurgaon for flats and apartments is presented below.
| Gurgaon Areas | Circle rates for builder flats per sq. feet (Rs.) | Circle rates for group housing society flats per sq. feet (Rs.) |
|---|---|---|
| Ambience Island, DLF Aralias | 10,000 | |
| ITC Laburnum, Unitech World Spa, The Verandas, Parsvnath Exotica | 8,000 | |
| Sector 1, Sector 2, Sector 3, Sector 3A, Sector 4 – 7, Sector 12, Sector 12A, Sector 13, Sector 21, Sector 22, Sector 22A, Sector 23, Sector 23A, |
5,000 | |
| DLF Phase 1, DLF Phase 2, DLF Phase 3, DLF Phase 4, DLF Phase 5, Sushant Lok 1, Sushant Lok 2, Sushant Lok 3, Nirvana Country 1, South City 1, South City 2, Greenwood City, National Media Centre, Malibu Town, Mayfield Garden, Uppal Southend, Ardee City, Rosewood City, Garden Estate, Palam Vihar, Jalvayu Vihar, Uniworld Resorts, Vatika City, Vipul World |
5,000 | 3,600 |
| Sector 58 – 66, Sector 67, Ansal Essencia | 5,000 | 3,000 |
| Sector 27, Sector 28, Sector 42, Sector 43 | 5,000 | 5,000 |
| Sector 37, Sector 37D, Sector 68 – 113, Vatika India Next, DLF Garden City | 3,000 | 3,000 |
| Sector 104 - 106, Sector 109 - 115 | 3,000 | |
| Housing Board Colony without roof | 3,800 |
Circle rates in Gurgaon differ across regions due to the following factors –
The Haryana Government denotes lower circle rates on residential units compared to commercial spaces.
Stamp Duty is calculated as a percentage of the stamp value of a property. The stamp value will be the circle rate of a property or the declared transaction value, whichever is higher. The buyer pays stamp duty as a legal tax when purchasing a property to authenticate transfer of ownership.
The current stamp duty rates in Gurgaon are mentioned below.
| Owner | Stamp duty rates in Gurgaon |
| Joint owners (male and female) | 6 % |
| Females | 5 % |
| Males | 7 % |
The registration charge is paid in addition to the stamp duty. It is paid to register a property with the local municipal body.
In Gurgaon, the fee for registering property is charged on a slab basis. The maximum amount is Rs. 15,000.
Refer to the following steps to calculate stamp value in Gurgaon –
Step 1. Confirm the property’s built-up area and check other features like amenities, age of the property, floor, and plot area.
Step 2. Choose the type of property – commercial unit, flat, plot, independent house, and builder floor.
Step 3. Check the locality where the property is situated.
Depending on the property type, compute the property value as per the list mentioned below.
I. Plot: Area of the plot (sq. yard) x circle rate of the locality (per sq. yard)
II. Apartments: Built-up area (sq. feet) x circle rate of the area (per sq. feet)
III. Builder floors on an independent plot: Built-up area (sq. feet) x circle rate of the region (per sq. feet)
IV. Independent house: [Plot area (sq. yard) x circle rate of the locality (per sq. feet)] + [Built-up area (sq. feet) x minimum cost of construction (per sq. feet)]
The minimum construction cost for residential units in Gurgaon is Rs. 1,300 / sq. Feet. The floor rate for residential plots is Rs. 5,500 / sq. Feet.
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Also Check MCG Property Tax
