Circle Rate in Gurgaon

What is circle rate?

State governments declare specific circle rates for 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’s office.

Individuals opting for a loan against property in Gurgaon should take into account the circle rates of their particular region before applying.

Revised circle rates in Gurgaon

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.

HUDA sector circle rates in Gurgaon

The revised circle rates for residential units in the HUDA sectors in Gurgaon are mentioned in the table below.

Licensed colonies Gurgaon circle rates

The table below illustrates the circle rates for licensed colonies in Gurgaon.

Updated Circle rates in Gurgaon 2022-23

The circle rate in Gurgaon for flats and apartments is listed below.

Factors affecting circle rates in Gurgaon

Circle rates in Gurgaon differ across regions due to the following factors:

• The market value of a specific region and the amenities available.
• Stamp and registration value of flats and apartments vary from independent houses and plots in the same area based on amenities.

The government assigns lower circle rates on residential units compared to commercial spaces.

Stamp duty rate for registering properties in Gurgaon

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.

What are the current stamp duty rates in Gurgaon?

The current stamp duty rates in Gurgaon are mentioned below.

Gurgaon registration charges

The registration charge is paid in addition to the stamp duty 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.

Process to compute property value using circle rates in Gurgaon for stamp duty payment

Here are the 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.

• Plot: Area of the plot (sq. yard) x circle rate of the locality (per sq. yard)
• Apartments: Built-up area (sq. feet) x circle rate of the area (per sq. feet)
• Builder floors on an independent plot: Built-up area (sq. feet) x circle rate of the region (per sq. feet)
• 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.

Areas in Gurgaon