Indore Property Rates & Calculator
Indore circle rate (guideline rate) 2026 – residential plot & building rates for all localities. Calculate stamp duty & registration charges for Indore property. Official MPIGR data.
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Check circle rates for specific areas. Each locality page has rates, calculator & stamp duty info.
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Circle Rates
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Stamp Duty Rules
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Property Types
Residential Plot / Land
Land/plot guideline rates for various localities in Indore. Rates range from ₹8,000/sqm in Narmada Nagar to ₹90,000/sqm in Saket Nagar.
Rate per sqmResidential Building / Constructed Property
Built-up property guideline rates for various localities in Indore. Building rates include construction value and are higher than plot rates.
Rate per sqmIndore circle rates (guideline rates) are set by the MPIGR and define the minimum property registration value in Madhya Pradesh's largest city. Indore, known for its commercial significance and as the state's economic hub, has seen rapid growth in property values.
Circle rates in Indore show a wide range:
- Premium areas like Saket Nagar (₹90,000/sqm) and Khatipura Chogalal Road (₹66,000/sqm) are among the most expensive
- Established areas like Telephone Nagar (₹48,000/sqm) and Bohra Bakhal (₹30,000/sqm) hold mid-to-high value
- Developing areas like Narmada Nagar (₹8,000/sqm) and Prakash Nagar (₹9,000/sqm) offer more affordable options
Use the calculator above to find the exact circle rate for your locality.
| Locality | Plot Rate (₹/sqm) | Building Rate (₹/sqm) |
|----------|-------------------|----------------------|
| Saket Nagar | ₹90,000 | ₹1,03,000 |
| Khatipura Chogalal Road | ₹66,000 | ₹79,000 |
| Telephone Nagar | ₹48,000 | ₹61,000 |
| Bohra Bakhal | ₹30,000 | ₹43,000 |
| Sheetal Nagar | ₹25,000 | ₹38,000 |
| Silver Wing | ₹18,400 | ₹31,400 |
| Indore Road | ₹17,200 | ₹25,200 |
| Dhar Road | ₹17,100 | ₹25,100 |
| Fulbaag Keshar Bagh | ₹15,000 | ₹28,000 |
| Thana Parisar, Depalpur | ₹14,100 | ₹22,100 |
| Greed Road | ₹12,400 | ₹20,400 |
| Tamboli Bakhal | ₹9,600 | ₹17,600 |
| Prakash Nagar | ₹9,000 | ₹17,000 |
| Narmada Nagar | ₹8,000 | ₹21,000 |
Stamp Duty Rates (Madhya Pradesh):
| Component | Rate |
|-----------|------|
| Stamp Duty | 7.5% |
| Registration Fee | 3% |
| Total | 10.5% |
Example: ₹50 Lakh property:
- Stamp Duty (7.5%): ₹3,75,000
- Registration (3%): ₹1,50,000
- Total: ₹5,25,000
Important: Stamp duty is calculated on the higher of: circle rate × area OR declared sale price.
Step-by-step guide:
1. Visit the MPIGR portal at [mpigr.gov.in](https://www.mpigr.gov.in/)
2. Click on "Guideline Rate" on the right side of the homepage
3. Select the current year
4. Choose Indore from the list of cities
5. Browse or search for your specific colony or area
6. The PDF will display detailed guideline rates for each locality
Toll-Free Helpline: 1800 233 6763
Office Address: Panjiyan Bhawan, 35 A, Arera Hills, Bhopal, MP 462011
Frequently Asked Questions
Circle rates in Indore (also called guideline rates) range from ₹8,000/sqm in Narmada Nagar to ₹90,000/sqm in Saket Nagar for plots. Building rates range from ₹17,000/sqm to ₹1,03,000/sqm. These are minimum values set by the MP government for property registration.
Stamp duty in Madhya Pradesh is 7.5% for all buyers, with an additional 3% registration fee — totaling 10.5%. There is no gender-based concession. Stamp duty is calculated on the higher of the circle rate value or the declared sale price.
Saket Nagar has the highest circle rate in Indore at ₹90,000/sqm for plots and ₹1,03,000/sqm for buildings. Khatipura Chogalal Road follows at ₹66,000/sqm for plots and ₹79,000/sqm for buildings.
Visit the MPIGR portal (mpigr.gov.in), click on 'Guideline Rate', select the year, and choose Indore. The portal displays detailed rates for every colony in Indore. You can also call the toll-free helpline at 1800 233 6763.
The Madhya Pradesh government revises circle rates periodically based on market trends and infrastructure development. For Indore, rates are typically updated once a year, often effective from April 1.
Plot rate applies to vacant land, while building rate applies to constructed properties. Building rates are higher as they include construction value. For example, in Telephone Nagar the plot rate is ₹48,000/sqm while the building rate is ₹61,000/sqm.
Official Sources
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