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Home Blog Real Estate Legal Guide Circle Rate in Ghaziabad

Property Circle Rate in Ghaziabad – What You Need to Know About it

Updated : July 12, 2024

Author : author_image Vivek

7205 views

The circle rate is the lowest value to which property owners can be decreased. The factor that differs from one location to another is the market value and consideration value. When setting the circle rates, variables are considered, including the type of property, the market price in that area, and the available infrastructure facilities. It is often referred to as the guiding value or the ready reckoner rate. It is the cheapest rate, or minimum cost, at which the sale and transfer of a commercial or residential property, whether a plot of land, a flat, or a built-up house in Ghaziabad, the government of Uttar Pradesh sets circular tariffs. In Ghaziabad, the government of Uttar Pradesh sets circular tariffs. The circle rate in Ghaziabad is the bare minimum of a specific area used to determine the amount of stamp duty assessed when purchasing and transferring real estate.

Circle Rates in Ghaziabad

The Uttar Pradesh government establishes the Ghaziabad circle rates through the registrar or sub-registrar office to determine the stamp duty and registration fees for buying or selling any real estate property. The circle rate is essentially the property's market worth (consideration value), which differs from area to area. The market value of the region and the facilities that are accessible in the area affect how much a circle rates in Ghaziabad.

Based primarily on the road width, the property circle rates change. Below are the property circle rates in Ghaziabad for 2024:

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Circle Rate in Ghaziabad for Residential Plots

Here is the Ghaziabad Circle Rate list for 2024 for Residential Plots. There has been an average increase in the Circle rate of 10-12% in the last few years.

Plot Rates Per Square Metre
Area NameUp to 9m Wide Road9m to 18m Wide RoadAbove 18m Wide Road
Vasundhara - Sector 1 to 19₹ 56,000₹ 58,800₹ 61,600
Kaushambi - All areas₹ 72,000₹ 75,600₹ 79,200
Indirapuram₹ 66,000₹ 69,300₹ 72,600
Indirapuram - Jaipuriya Sunrise Green₹ 14,000₹ 14,200₹ 14,500
Surya Nagar - Surya Nagar₹ 67,000₹ 70,400₹ 73,700
Chandra Nagar - Chandra Nagar₹ 67,000₹ 70,400₹ 73,700
Ramprasatha - Ramprasatha₹ 67,000₹ 70,400₹ 73,700
Vaishali - Sector 1, 2, 3, 4, 5, Vaishali X and Others₹ 67,000₹ 70,400₹ 73,700
Panchavati Colony - Panchavati Colony₹ 34,000₹ 40,000
Satyam Enclave - Satyam Enclave₹ 37,000₹ 38,000
Kavi Nagar - Block A₹ 46,000₹ 48,000₹ 50,000
Kavi Nagar - Block B, K₹ 47,000₹ 49,000₹ 50,000
Kavi Nagar - Block C, D, L₹ 48,000₹ 50,000₹ 51,000
Kavi Nagar - Block E₹ 44,000₹ 48,000₹ 50,000
Kavi Nagar - Block F, G, H, J₹ 47,000₹ 50,000₹ 52,000
Kavi Nagar - Block I₹ 48,000₹ 50,000₹ 52,000
Kavi Nagar - Block M₹ 49,000₹ 50,000₹ 52,000
Surya Enclave - Surya Enclave₹ 29,000₹ 30,000₹ 31,000
Ansal API - Ansal API₹ 26,000₹ 28,000₹ 29,000
Nehru Nagar 2 - Block A, B₹ 43,000₹ 45,000₹ 48,000
Nehru Nagar 2 - Block C, F₹ 43,000₹ 47,000₹ 50,000
Nehru Nagar 2 - Block D₹ 39,000₹ 41,000₹ 43,000
Nehru Nagar 2 - Block E₹ 42,000₹ 46,000₹ 48,000
Nehru Nagar 2 - Block G₹ 38,000₹ 40,000₹ 42,000
Nehru Nagar 3 - Block A₹ 41,000₹ 44,000₹ 46,000
Nehru Nagar 3 - Block B, E₹ 42,000₹ 45,000₹ 47,000
Nehru Nagar 3 - Block C₹ 44,000₹ 45,000₹ 48,000
Nehru Nagar 3 - Block D, G, H, J₹ 42,000₹ 44,000₹ 46,000
Nehru Nagar 3 - Block F, L₹ 43,000₹ 45,000₹ 47,000
Nehru Nagar 3 - Block K₹ 39,000₹ 41,000₹ 43,000
Nehru Nagar 3 - Block M, N₹ 46,000₹ 47,000₹ 50,000
NH24 - Aditya World City, Shahpur Bhamta₹ 14,000₹ 14,200₹ 14,500
Wave City - Wave City₹ 14,000₹ 14,200₹ 14,500
Girdhar Enclave - Girdhar Enclave₹ 38,000₹ 39,000
Sahibabad - Between Link Road and Railway Line₹ 29,000₹ 31,000₹ 34,000
Sahibabad - Area Before Link Road₹ 42,000₹ 43,000₹ 46,000
Sahibabad - Area Between GT Road and Railway Line₹ 33,000₹ 35,000₹ 38,000
Sahibabad - Shyam Park Main₹ 31,000₹ 34,000₹ 36,000
Sahibabad - Om Nagar₹ 32,000₹ 33,000₹ 34,000
Aditya High Street₹ 15,000₹ 15,500₹ 16,000

Ghaziabad Updated Circle Rate for Flats and Floors

Area NameFlats and Floors (Per Square Yard)
Vasundhara₹ 47,000
Kaushambhi₹ 57,000
Indirapuram₹ 52,000
Indirapuram₹ 52,000
Indirapuram₹ 52,000
Surya Nagar₹ 52,000
Chandra Nagar₹ 52,000
Ramprasatha₹ 52,000
Vaishali₹ 52,000
Vaishali₹ 52,000
Satyam Enclave₹ 32,000
Kavi Nagar₹ 37,000
Nehru Nagar 2₹ 35,000
Nehru Nagar 3₹ 35,000
NH24₹ 24,000
Wave City₹ 25,000
Girdhar Enclave₹ 32,000
Sahibabad₹ 32,000

How to Calculate Property Rate from Circle Rate

To calculate your property rate from the circle rate, all you need to do is to multiplying the built-up area by the circle rate of the locality.

For example, if your property is in Indirapuram, the  Circle rate in this area is ₹72,600 per square metre. So if your property occupies  500 square meters of area,

Property Rate = ₹72,600* 500 = ₹36,300,000.
ie 3.63 Crores.

Calculation of Stamp Duty Using the Circular Rate

Keep in mind that builders often use square footage to describe a property. Let's say you purchase a home in Ghaziabad with a carpet area of 1,500 square feet or roughly 166 square yards. Let's say you purchased a property in Vasundhara, whose circle rate is currently Rs. 47,000. The minimal value of the property will be determined by multiplying the carpet area by the per-square-yard rate, and the stamp duty will be calculated as a proportion of this value. 166 times 47,000 is Rs. 78.02 lakhs. As a result, Rs 78.02 lakhs would be charged as stamp duty.

More about Ghaziabad Circle Rates

Commercial properties are subject to a higher circle rate from the State government than residential buildings. The Uttar Pradesh government considers several factors while determining circle rates in Ghaziabad, including the type of property, the area's market value, and the state of the existing infrastructure.

Even within the same neighbourhood, the circle rates for plots and independent houses in Ghaziabad differ from those for flats and apartments. The circle rate would be higher in an area inside the municipal boundaries with proper infrastructure than in an area outside the municipal boundaries without proper infrastructure development.

Every year, government officials review a region's circle rates. However, there is a chance that the rates could alter. Since 2014, the rates in Ghaziabad have not changed.

Factors Affecting Circle Rates in Ghaziabad

When registering documents about real estate transactions, the circle rate is considered by the appropriate registration authorities (through Ghaziabad's registrar and sub-registrar's office). The circle rate is the property's market worth (consideration value), which varies from area to locality. According to the state government, commercial properties in Ghaziabad pay a higher circle rate for property registration fees than residential ones. The Uttar Pradesh government considers several factors while determining circle rates in Ghaziabad, along with the type of property, the area's market value, and the state of the infrastructure.

However, not all regions experienced an equal increase in circle rates. The circular rate increase was maintained modestly in rural areas, where the population is sparse, but higher in areas with more land transactions and frequent price increases. The Ghaziabad Development Authority (GDA) stopped the Circle Rates at a board meeting held in Meerut. According to GDA officials, there are approximately 658 plots worth Rs 1600 crore in some of the GDA-controlled zones. The land price will stay stable by stabilising circle rates and drawing buyers.

In Indirapuram, Kushambi, and especially Vaishali, the GDA has opted against stabilising sector pricing. The circle rates in Ghaziabad are established by the local administration and are higher than the sector rates in these regions. At its subsequent meeting, the board might even decide to raise the sectoral rates in these regions. The sector prices set by the development authority do not correspond to the circle rates established by the district administration in GDA-managed localities, including Madhuban Bapudham, Koel Complex, Swarna Jayanti Puram, Govinda Puram, but also Indraprastha till the end of March 2021.

Thus, the Circle rate is the cheapest rate, or minimum cost, at which the sale, as well as the transfer of a commercial or residential property, whether it is a plot of land, a flat, or a built-up house, may be registered before being sold or transferred. It is evident that to purchase a home in Uttar Pradesh at a reasonable cost, a buyer needs to be informed of the circle rate in the state. The minimal property rate in Uttar Pradesh is called the circle rate. The tariffs are not uniform throughout the entire state; they differ from one city to another and even from one location to another. If you have any questions regarding the circle rate in Ghaziabad and need expert consultation, you can get all the help at NoBroker. If interested, leave a comment below this article; our executive will be in touch with you soon. 

Frequently Asked Questions

Q1. What is the Ghaziabad circle rate?

Answer: In Ghaziabad, circle rates are the proposed prefix rates by the state legislature below which no property can be bought or registered.

Q2. What factors are considered for determining the circle rate in Ghaziabad?

Answer: The administration keeps an eye on several variables, including kind, market value, location, and age of the property, to set circle rates in a given area.

Q3. In India, who sets the circle rate and agreement rate?

The government establishes the minimum price, known as the "circle rate," based on the area's current market worth. On the other hand, the agreement rate is the one that is used once the seller and the buyer have reached an agreement.

Q4. What is stamp duty?

Answer: The cost that a real estate buyer must pay to the state to get a piece of land or other property transferred into their name is known as stamp duty. Each state has different stamp duty rates based on the area's circular rate.

Q5. What are the registration fees and stamp duty in Ghaziabad?

Answer: In Ghaziabad, stamp duty is 6%, and registration fees are 1% of the property's value.

Q6. How are properties changed in Ghaziabad?

Answer: Buyers must go to mutation.onlinegnn.com, the Ghaziabad Nagar Nigam's official website, to purchase property in Ghaziabad online.

Q7. What distinguishes the market rate from the circle rate?

Answer: While the Market Value is a price range determined by examining actual transaction prices in an area, Circle Rates are the lowest prices the authority has specified to which a property purchase and transfer can be made between two parties.

Q8. What is the circle rate in Indirapuram, Ghaziabad in 2024?

Ans. The Circle rate for residential plots varies between ₹66,000 and ₹72,600 per square foot while that for flats and floors is ₹ 52,000 per square yard.

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