In India, every state denotes the circle rates or it requires the minimum value of that area to calculate the stamp duty charge on the sale, transfer, and purchase of a property. Therefore, the rates depend on locality and are calculated on different parameters. The Uttar Pradesh (UP) government sets a minimum registration charge for residential properties. But, that must be registered in Noida and Greater Noida, this minimum value is also known as the circle rate in Noida. But, below the circle rate, property buyers are not able to register a purchased property in Noida.
Recently, Noida’s new circle rates for 2022 are reviewed by the financial institutions to issue loans for properties therefore Circle rate is also called the ready reckoner rate or guidance value in Noida. Thus, the UP government slashed the circle rate for commercial properties in the recent development of regions by 21%. Further, details are mentioned by propertywala.com
Circle rate in Noida 2022, sector-wise for flats and apartments (sector-wise):
The circle rate for flats available by those categorized under the economically weaker section(EWS) in Noida is ₹ 28,000 per square meter while the circle rate for Shramik Flats in Noida is ₹ 25,000 per square meter. Besides these, the circle rate of remaining flats and apartments are given in the table:
|Sector||Circle rate for 12m road (Sq Ft/Mtr)||Circle rate for 12m-18m road (Sq Ft/Mtr)||Circle rate for 18m-24m road (Sq Ft/Mtr)||Circle rate for above 24m road(Sq Ft/Mtr)|
|Sector 66, 102, 138, 139, 140, 140A, 141, 145 – 150, 158-167, NEPZ, Noida Phase 2||INR 40,000||INR 42,000||INR 44,000||INR 46,000|
|Sector 115||INR 44,000||INR 42,000||INR 44,000||INR 50,600|
|Sector 54, 57- 60, 63, 63A, 64, 65, 67-69, 80, 81, 83-91, 95, 101, 103, 106, 109, 111, 112, 113, 114, 116, 117, 118||INR 44,000||INR 46,200||INR 48, 400||INR 50, 600|
|Sector 104||INR 44,000||INR 55,150||INR 57,750||INR 60,400|
|Sector 168||INR 52,500||INR 52,500||INR 57,750||INR 60,400|
|Sector 1-12, 22, 42, 43, 45, 70-79, 107, 110, 119-121, 123, 125-137, 142, 143, 143B, 144, 151-157||INR 52,500||INR 55,150||INR 57,750||INR 60,400|
|Sector 15, 19, 20, 21, 23-25, 25A, 26-29, 31-34, 37, 40, 41, 46-49, 53, 55, 56, 61, 62, 82, 92, 93, 93A, 93B, 96-100, 105, 108, 122||INR 72,000||INR 75,600||INR 79,200||INR 82,800|
|Sector 14, 14A, 15A, 16, 16A, 16B, 17, 18, 30, 35, 36, 38, 38A, 39, 44, 50, 51, 52, 94, 124||INR 1,03,000||INR 1,09,000||INR 1,14,000||INR 1,19,000|
Parameters Affecting Circle Rates in Noida:
Accordingly, list of Circle rates are regulated by many factors, there are some parameters which affect the circle rates in Noida are listed below;
- Amenities And Market Values –
Amenities and Market Values play an important role in the circle rate of the particular area and the Stamps and Registration Department, Uttar Pradesh fixes circle rates in Noida after considering the market value and the amenities available in that area. Therefore, there are also luxury apartments in Noida with superior amenities. For Example – covered parking would attract a higher circle rate. So, in Noida, the Department charges Rs 1.5 lakh for open parking and Rs 3 lakh for covered parking. In fact, for societies that have better amenities than others, the circle rates are high for those group housing societies.
Here, the UP government in Noida has charged additional costs on common facilities provided in the group housing societies as mentioned below –
|Common Facilities||Additional cost involved|
|Closed car parking||INR 3 lakhs|
|Open car parking||INR 1.5 lakhs|
|Community center||2% of circle rate in that area|
|Gym||2% of circle rate in that area|
|Swimming pool||2% of circle rate in that are|
- Types of Property –
Here, circle rates are defined on the basis of types of properties. It varies for flats, independent houses, apartments, and as well as plots in the same sector. The government charges higher rates for commercial properties as compared to residential properties. In fact, in the case of buildings with four floors and above which are capped at 20% of the minimum value, the Government provided relief of 2% per floor for high-rise apartments.
Importance of circle rate in Noida:
- Property Registration: If the buyers know the circle rate of their desired property then they can easily go through a convenient registration process by paying the fixed stamp duty and registration charges. Thus, Buyers can register it only in Noida properties.
- Property Valuation: Buyers can easily assess the minimum value of their desired property with the help of circle rates in Noida. Meanwhile, all they need to do is visit the stamps and registration charges portal of the UP state Government. Later, search their selected locality in the circle rate list in Noida.
- No False Transactions: There are also lower chances of false transactions when it comes to buying a property in Noida because circle rates in Noida are fixed values of properties evaluated and disclosed by the state government.
- Revenue Generation: At last, the state government in Noida calculates the circle rates and approves the total percentage of stamp duty charges on the basis of property locations. For Example – rural areas, urban areas, and posh areas. So, the circle rate in Noida helps the state government generate revenue by collecting Stamp duty and registration charges at the time of property registration.
How to Check the latest Circle Rates in Noida Online:
The following steps help you to check circle rates in Noida for a property in your preferred locality.
Step 1: Firstly, log in to the Stamps and Registration Department and then the UP website to check circle rates in Noida in just a few clicks.
Stamps & Registration Department, UP Website Homepage
Step 2: Secondly, click on the enter button and you will be redirected to the below-shown page simultaneously.
Stamps & Registration Department, UP Website Homepage
Step 3: Later, provide all the evaluation list details such as District and Sub-Registrar Office details, and get the current circle rate in Noida.
Evaluation List Details
Step 4: At the end of the online process, click on View details and you can get the list of circle rates for the District you have selected.
Circle Rates in Noida