Last updated on February 6th, 2024 at 06:04 am

The state of Delhi has always been on the top in the priority list of the people to move and have a prosperous career owing to abundant academic and career opportunities available.

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Splattered across 1,484 square kilometers, the NCT of Delhi is the world’s second-largest metropolitan region with 28 million people residing here. The massive attention Delhi grabs from the migrants has led to the expensive property rates in Delhi.

Property Rates in Delhi

As a good number of people relocating to Delhi looks for affordable rented flats, you can consider the following points before renting:

  • People looking for a reasonable rented flat (1/2/3 BHK or 1 RK) under Rs. 20,000 per month can consider the locations of New Ashok Nagar, Pandav Nagar, Rohini, Dwarka, Najafgarh, Munirka, and Shakarpur.
  • The concept of 1 RK is on high demand in the areas of MAyur Vihar Phase 1, Saket, Greater Kailash 1, Malviya Nagar, and East of Kailash. Such room settings are popular amongst students and professionals because of the low rent.
  • Karampura and Ashok Nagar are two of the most expanding locations in Delhi with affordable rental rates.
  • Paschim Vihar and Rajouri Garden are popular locations among tenants with rental costs starting from Rs. 4,000 per month for 1 BHK, 2 BHK, 3 BHK and other options.
  • People searching for fully furnished rented houses in Delhi may consider the locations of Vasundhara Enclave and Patel Nagar.
  • Luxurious properties in Delhi is available on rent in the locations of Defence Colony, Shanti Niketan, Vasant Vihar, Civil Lines, Panchsheel Park, Greater Kailash, Gulmohar Park, East of Kailash, Safdarjung Enclave, Pamposh Enclave, and Golf Links. The rates for rented properties in these locations range from Rs. 10,000 to Rs. 10 lakh.

Circle Rates in Delhi 2024

Circle Rates in Delhi 2022

The circle rates in Delhi in 2024 are dependent on the square meter of properties. Find below the 2024 circle rates:

AreaDDA society flatsPrivate builder flats
Multi-storey flatsRs.1.1 lakhsRs.87,840
More than 100 square metersRs.95,250Rs.76,200
50 to 100 square metersRs.79,488Rs.66,240
30 to 50 square metersRs.62,652Rs.54,480
Up to 30 square metersRs.55,440Rs.50,400

Property Rates of Flats in Delhi

Property Rates of Flats in Delhi

The average cost of flats or apartments in Delhi:

  • 1 BHK – ₹ 40 lakhs
  • 2 BHK – ₹ 85 lakhs
  • 3 BHK – ₹ 2.5 crores
  • 4 BHK – ₹ 5 crores

The current property rates in 2024 per square feet rate in Delhi for the flat cost are as follows:

Locality NamePrice range per sqftPrice rise
Saket1,500 – 78,605 / sqft-7%
Uttam Nagar1,120 – 38,000 / sqft5.40%
Paschim Vihar3,600 – 20,000 / sqft-3.90%
Dwarka Mor1,200 – 11,692 / sqft
Safdarjung Enclave5,679 – 87,493 / sqft-20.90%
Chattarpur1,667 – 76,782 / sqft32.20%
Greater kailash 113,514 – 78,566 / sqft-15%
Rohini sector 245,556 – 17,391 / sqft-61.60%
Defence Colony22,273 – 1,01,187 / sqft21.80%
Malviya Nagar4,348 – 16,667 / sqft41.10%
Hauz Khas14,615 – 1,16,458 / sqft14%
Vasant Kunj2,716 – 84,219 / sqft7%
Greater Kailash3,745 – 62,500 / sqft55.50%
Panchsheel Park16,667 – 1,18,765 / sqft39.20%
Vasant Vihar5,000 – 31,944 / sqft-24.80%
Sector 19 Dwarka3,379 – 17,526 / sqft-12.80%
New Friends Colony8,571 – 20,238 / sqft-21.30%
Panchsheel Enclave12,486 – 80,443 / sqft26.20%
Lajpat Nagar5,500 – 19,111 / sqft-18.80%
Green Park16,667 / sqft-9.30%
Greater Kailash II64,408 / sqft53.40%
Sarvodaya Enclave88,889 / sqft36.10%
Anand Niketan1,15,916 – 1,19,899 / sqft113%
Sector 6 Dwarka2,545 – 15,918 / sqft16.70%
Gulmohar park22,222 – 65,710 / sqft-22.60%
Shanti Niketan23,840 / sqft-39.30%
Jor bagh1,89,032 / sqft
Sector 12 Dwarka5,682 – 15,625 / sqft-25.70%
Geetanjali Enclave94,826 / sqft30.90%
Sarvpriya Vihar11,250 – 55,898 / sqft-11.70%
Golf Links1,36,717 – 1,63,929 / sqft
Maharani Bagh239.90%
Niti Bagh72,167 – 74,651 / sqft-19.90%
Sector 22 Dwarka5,625 – 18,182 / sqft3.40%
Pitampura2,142 – 26,316 / sqft-8.50%
Uday Park55,636 / sqft-54.90%
Navjeevan Vihar65,453 / sqft19%
Sunder Nagar1,30,270 – 1,64,002 / sqft
Friends Colony14,167 / sqft
Sector 4 Dwarka4,054 – 13,125 / sqft8.40%
Sector 10 Dwarka4,667 – 17,188 / sqft
Kalkaji2,667 – 44,444 / sqft 18.20%
Sector 11 Dwarka2,593 – 17,857 / sqft-14.60%
Sector-18 Dwarka6,400 – 16,667 / sqft6.40%
Sector 8 Dwarka3,333 – 12,222 / sqft
Sector 25 Rohini5,556 – 12,500 / sqft
Sheikh Sarai1,094 – 30,000 / sqft6.60%
Sector 23 Rohini4,118 – 11,739 / sqft26.50%
Rajouri Garden3,500 – 13,636 / sqft-34.30%
Sector 11 Rohini6,250 – 13,888 / sqft
Sector 23 Dwarka4,700 – 12,500 / sqft-17.40%
Punjabi Bagh3,833 – 16,667 / sqft
Sainik Farm3,000 – 1,17,693 / sqft2.90%
Burari2,353 – 7,500 / sqft59.90%
Ghitorni1,250 – 1,01,272 / sqft-11.10%
Sector 5 Dwarka6,077 – 13,793 / sqft11.30%
Shahdara1,000 – 11,304 / sqft-31.80%
East of Kailash12,500 – 20,000 / sqft-47.60%
Govindpuri2,083 – 6,111 / sqft
Sector 7 Dwarka2,308 – 16,957 / sqft-28.60%

Circle Rates for Residential and Commercial Plots in Delhi 2024

Circle Rates for Residential and Commercial Plots in Delhi 2022

The average plot rate in Delhi is ₹5327/sq. ft.

The current property rates in 2024 per square feet rate in Delhi for the flat cost are as follows:

Plot rate (per sq. m.)Residential construction cost (per sq. m.)Commercial construction cost (per sq. m)
7.74 lakhs21,96025,200
2.46 lakhs17,40019,920
1.6 lakhs13,92015,960
1.28 lakhs11,16012,840
70,0809,36010,800
56,6408,2209,480
46,2006,9608,040
23,2803,4803,960

Independent House Rates in Delhi 2024

Independent House Rates in Delhi 2022

The average price for independent house rates in Delhi in 2024 is given below:

  • 1 BHK- ₹ 54 lakhs
  • 2 BHK- ₹ 95 lakhs
  • 3 BHK- ₹ 4.2 crores
  • 4 BHK- ₹ 5.5 crores
Locality NamePrice range per sq. ft.Price rise
Vasant Kunj15,682 – 20,315/sq. ft.Constant
Dwarka Mor3,485 – 4,165/sq. ft.Constant
Mayur Vihar – I4,208 – 5,652/sq. ft.-6.61%
Uttam Nagar3,442 – 4,208/sq. ft.-1.11%
Mohan Garden3,230 – 3,995/sq. ft.Constant
Sadh Nagar4,038 – 5,440/sq. ft.1.93%
New Moti Nagar4,845 – 5,695/sq. ft.0%
Greater Kailash I14,365 – 18,020/sq. ft.0.79%
Kakrola3,400 – 4,292/sq. ft.-4.30%
Rajouri Garden8,542 – 11,772/sq. ft.2.60%
Defence Colony19,168 – 24,395/sq. ft.-5.28%
New Friends Colony12,198 – 15,768/sq. ft.Constant
Sector-7 Rohini8,160 – 10,582/sq. ft.3.74%
Krishna Nagar4,760 – 6,248/sq. ft.2.38%
Punjabi Bagh11,348 – 13,728/sq. ft.Constant

Average Rental Rates in Delhi 2024

Locality name1 BHK rental cost2 BHK rental cost3 BHK rental cost1 RK rental cost
Uttam Nagar7,80013,50015,0007,500
Saket 13,85028,50057,5009,500
Dwarka Mor 7,3509,75014,7506,000
Paschim Vihar 11,50016,50039,00010,500
Greater Kailash 1 37,50042,50087,50025,500
Vasant Kunj 16,25027,25037,25012,250
Defence Colony 35,50053,00099,00027,500
Hauz Khas 28,75041,50066,50015,500
Vasant Vihar 30,50074,5001,78,50022,500
Panchsheel Park 32,50069,5001,85,50025,500
New Friends Colony 15,00054,00059,00012,000
Lajpat Nagar 15,20025,00046,00012,250
East of Kailash 28,50047,50056,50017,500
Rajouri Garden 13,75022,75038,50010,750
Punjabi Bagh 13,75018,50050,50010,000

How to Calculate Property Value in Delhi?

How to Calculate Property Value in Delhi

Property value is important to calculate stamp duty charges in Delhi . These charges are estimated on the basis of circle rates in the following steps:

  1. Calculate plot area, built-up area, amenities, construction’s age, floor, etc.
  2. Select the property type (residential plot, commercial plot, builder floor, apartment, or shop.
  3. Choose the property location.
  4. Calculate the minimum assessment value according to circle rates.

This helps you plan your property purchase in a better way and gives you clarity on availing home loans.

Formula for calculating property value = Built-up area (in sq. mts.) * circle rate for locality

Frequently Asked Questions (FAQs) – Rates of Property in Delhi

Q. What is the average rent of 1 BHK in Delhi?

The average rent of 1 BHK in Delhi is Rs. 18,000.

Q. What is the average 2 BHK rent in Delhi?

The average 2 BHK rent in Delhi is Rs. 30,000.

Q. How much is the average price of 3 BHK rent in Delhi?

The average price of 3 BHK rent in Delhi is 40,000.

Q. How much is the average cost of 1 BHK in Delhi?

The average cost of 1 BHK in Delhi is Rs. 10 lakhs to Rs. 18 lakhs.

Q. What is the average price of 2 BHK in Delhi?

The average price of 2 BHK in Delhi is somewhere around Rs. 22 lakh to Rs. 50 lakh.

Q. What is the approx. cost of 3 BHK in Delhi?

The approx. cost of 3 BHK in Delhi is Rs. 60 lakh to Rs. 1.20 crore.

Q. What are the most expensive residential locations in Delhi?

Greater Kailash, Sunder Nagar, Hauz Khas, Green Park, and Panchsheel Park are some of the most expensive residential locations in Delhi.

Q. Which areas are best for students in Delhi?

Sarita Vihar, Laxmi Nagar, Rajendra Nagar, Rajouri Garden, Mukherjee Nagar, etc. are some of the best areas for students in Delhi.

Sakshi Ecavade