Property Circle Rate Calculator
Ready Reckoner · Guidance Value · Collector Rate
All Major Cities — India 2026

Circle rate (also called Ready Reckoner Rate in Maharashtra, Guidance Value in Karnataka, Jantri Rate in Gujarat, DLC Rate in Rajasthan, Collector Rate in Haryana) is the minimum price set by the state government at which a property can be registered. It's a floor price for stamp duty purposes. Market rate is what buyers and sellers actually agree upon based on demand, location, and amenities — and is typically higher than circle rate in most areas. No property can be registered below the circle rate. Stamp duty is charged on whichever is higher — circle rate value or actual transaction price.

Two things happen: (1) Stamp duty is still charged on the circle rate value, not your lower transaction price — you can't save stamp duty by undervaluing. (2) Under Section 56(2)(x) of the Income Tax Act, the difference between the circle rate value and your actual purchase price (if more than 10%) is treated as your income from other sources and is taxed. For the seller, Section 50C deems capital gains on the circle rate value, not actual lower sale price. Both buyer and seller face tax consequences. Exception: up to 10% variation between actual price and circle rate is allowed by the IT Act without triggering these provisions.

Revision frequency varies by state: Maharashtra revises Ready Reckoner Rates every year on April 1 (April 2025: average 4.39% increase). Karnataka revised in October 2023 (25–30% hike) and again in February 2026 (6–15%). Delhi's residential rates were last comprehensively revised in 2014 (though a major revision is expected). UP and Haryana revise rates periodically — check state portals annually before transactions. Note that even when rates are frozen, new construction, infrastructure upgrades, or policy changes can trigger selective revisions.

Individual buyers cannot formally appeal against circle rates — rates are set by the government and apply to all transactions in that locality. However: (1) For disputed/dilapidated properties where circle rate clearly exceeds market value, you can approach the Collector of Stamps with valuation evidence for a site-specific assessment (Section 31A of Stamp Act). (2) Builders' associations and RWAs can make representations to the state government during rate revision consultations. (3) Some states like Karnataka have a formal appeal process. (4) If you've already paid excess stamp duty due to an error, most states allow refund claims (usually within 6 months). TAXAJ can guide you through the appeal or refund process.

Delhi uses an age-based depreciation factor for built-up properties (flats and houses). The multipliers are: buildings constructed after 2000: factor 1.0 (no depreciation); 1990–2000: factor 0.9; 1980–1990: factor 0.8; 1970–1980: factor 0.7; 1960–1970: factor 0.6; before 1960: factor 0.5. For example, a 1985-built DDA flat of 100 sqm would use the applicable construction rate × 0.8 age factor. This is applied to the construction cost component, not the land rate component. Older buildings thus attract lower circle rate valuation, which can reduce stamp duty for buyers of old properties. Check the exact formula at revenue.delhi.gov.in.