Circle Rate in Noida

The Uttar Pradesh Government notifies the minimum value of a property through the registrar or sub-registrar office of Noida. These rates are known as Noida circle rates. Also known as the guidance value, you must be aware of the sector-wise rates if you are willing to purchase a property in Noida. 

This rate helps make an informed decision about what price to quote when buying a property. Read on to know about the prevailing sector-wise circle rates in Noida and the factors that influence these rates.

The Noida circle rate differs from one location to the next. Here is the table containing the details about the circle rate in Noida sector-wise.

You can keep track of the sector-wise circle rate in Noida by following the steps given below:

Step 1: Browse the official website of the Stamp and Registration Department, UP, at https://igrsup.gov.in/igrsup/defaultAction.action. 

Step 2: Click ‘Enter’ and find the ‘Evaluation List’ option.

Step 3: Enter the name of the district and sub-registrar office details once redirected

Step 4: Click on ‘View Details’ to view the circle rates in Noida sector-wise.

There are multiple factors that determine circle rates in Noida. Here are some of them:

1. Property Type 

The circle rates in Noida differ for apartments, flats, plots, and so on. The rate is higher for commercial complexes than residential complexes.

Additionally, the government grants a 2% tax break per floor for high-rise apartment buildings with four floors or more. However, this tax break is limited to 20% of the minimum amount.

2. Property Location

The location of where the property stands is another essential element that impacts the circle rate. It is generally higher for properties situated in upscale localities. Conversely, it is lower for localities with basic amenities.

3. Property Usage

Properties for residential use have a lower circle rate than properties intended for commercial use.

4. Market Value and Amenities 

One of the most significant factors affecting the sector-wise circle rate in Noida is the market value of any property. The circle rates for group apartment complexes are significant because they provide great amenities. 

Moreover, the government levies additional fees on the amenities and supplies utilised. Here’s a glimpse into the fees:

In 2019, the Uttar Pradesh government reduced the circle rates in Noida for commercial properties by 21%. Furthermore, the state government rescinded the 6% fee imposed on group housing projects for services.

Purchasing a property is something many Indians aspire to do. However, note that when you purchase a property, you must pay a registration fee and other charges like stamp duty. This registration fee depends on the circle rate in the locality where you wish to purchase the property. 

If you want to purchase property in Noida, visit the Bajaj Markets platform to get a house loan with attractive interest rates.