Sunday, February 27, 2011

Revised Circle Rates of Delhi's Properties


Minimum rates (Circle Rates) valuation of land and properties for the purpose of registration under the Registration Act, 1908 in Delhi:-

1. Minimum Land rates for residentional use:-

Category of Locality
Minimum rate of valuation of land for residentional use (in ` Per sq.meter)

A
86000
B
68200
C
54600
D
43600
E
36800
F
32200
G
27400
H
13800


2. Minimum land rates for Commercial, Industrial and other uses:-

     The following multiplicative use factors shall be employed to the above minimum land rates for residential use while calculating the cost of land under different uses:-


Use*
Residential
Public purpose e.g. government school, hospitals etc.
Public utility e.g. private school, colleges, hospitals
Industrial
Commercial
Factor
1
1
2
2
3



*Definitions are as  in the Unit Area Property Tax System.
3. Minimum rates of cost of construction;-
3.1 The base unit rate of cost of construction will be:


Category of the Locality
Minimum rate of construction for Residentional use (in ` Per Sq. Mtr)

(1)
(2)
A
14960
B
11870
C
9500
D
7600
E
6410
F
5600
G
4750
H
2370




3.2 The following multiplicative factors shall be employed to the minimum cost of construction for taking into consideration age of structures:-


Year of Completion
Prior to 1960
1960-1969
1970-79
1980-89
180-2000
2000-onwards
Age factor
0.5
0.6
0.7
0.8
0.9
1.0

3.3 The following multiplicative factors to the above minimum cost of construction for different types of structures shall be considered only for colonies in ‘G’ and ‘H’ Categories:-

Structure type
Pucca
Semi-pucca
Katcha
Multiplicative factor
1.0
0.75
0.5

4. Minimum rates for build-up flats:-

Category of flat depending on plinth and Area (sq.mtr.)
Minimum built up rate (in `. per sq.mtr.) for DDA colonies /.Co-Operative and Group Housing Societies  
Multiplicative factors for private colonies.
Up to 30 sq.mtr
` 17,200/-
1.10
Above 30 and upto 50 sq.mtr
` 18,600/-
1.15
Above 50 and upto 100 sq.mtr
` 22,600/-
1.20
Above 100 sq.mtr
` 26,000/-
1.25
 
4.1 For flats in building having more than four stories, a uniform rate per sq. mtr. of  ` 30,000/- will be taken as the minimum value of built up rate for DDA/Cooperative/Group  Housing Societies. For multistoried flats by private builders, a multiplicative factor of 1.25 shall be employed.

4.2  Where part plinth area, say one floor, of an independent property other than a flat is sold, the relevant minimum cost may be taken for the proportionate plinth area sold, and minimum cost of construction applied on the plinth area sold.




PLEASE NOTE THAT PASCHIM VIHAR, NEW DELHI AREA FALLS UNDER "D" CATEGORY.



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