Circle rates in Ghaziabad for 2024
Circle rate is the minimum price at which a property can be sold. The state government sets these prices for each micro-market in the city based on various factors. In Ghaziabad, these rates vary from sectors to sectors, so home buyers need to know the latest circle prices to estimate the cost of buying a home. Read on to know the latest updates and circle prices in Ghaziabad in 2024.
Circle Rate in Ghaziabad is an important term for buyers and sellers in the real estate market.
It represents the minimum price set by the government for property transactions in the city.
Understanding how circle rate works and how it is calculated is essential to make an informed decision while buying or selling property in Ghaziabad.
In this article, we will take a detailed look at the latest circle rates in Ghaziabad 2024, how to calculate circle rate, key differences between circle rate and market rate, impact of circle rate on property prices, and more.
What are the circle rates in Ghaziabad?
Ghaziabad circle rate is the minimum price at which a property can be registered with the government.
It is fixed by the UP government and reviewed periodically to ensure that it is in line with the prevailing market price.
Circular rate is the base price for calculating stamp duty and registration charges for real estate transactions.
Ghaziabad circle rates hike by 15 percent
The Ghaziabad housing market may witness a spike in property prices as the circle rate has increased by 15 percent. With the already soaring prices, this hike could make buying property in Ghaziabad further difficult.
| Circle rates for residential properties in Ghaziabad after the hike | ||
|---|---|---|
| Locality Name | Ongoing Rate | Revised Rate |
| Sun City, Wave City | Rs 31,600/sq m | Rs 36,400/sq m |
| Crossings Republik | Rs 45,600/sq m | Rs 52,400/sq m |
| Indirapuram, Vaishali | Rs 69,600/sq m | Rs 80,000/sq m |
| Circle rates for commercial properties in Ghaziabad after the hike | ||
|---|---|---|
| Locality Name | Ongoing Rate | Revised Rate |
| Rakesh Marg, Nehru Nagar | Rs 1,42,500/sq m | Rs 1,58,500/sq m |
| Sahibabad | Rs 1,07,600/sq m | Rs 1,23,600/sq m |
| Gandhi Nagar | Rs 2,02,000/sq m | Rs 2,18,000/sq m |
| Vaishali Sectors 1-5 | Rs 1,22,000/sq m | Rs 1,38,000/sq m |
Difference Between Circle Rate and Market Rate in Ghaziabad
Circle rate:
Circle rate is the minimum set by the Ghaziabad government for real estate transactions.
It is the base price for calculating stamp duty and registration charges when selling a property.
Circle rates in Ghaziabad are categorized from A to H based on factors like location, infrastructure, amenities etc. Properties in affluent areas attract higher county tax rates.
County tax rate is calculated by multiplying the built-up area of the property by the applicable tax rate per square meter or square feet, taking into account the age of the property.
Market rate:
Market price is the actual price at which a property is bought and sold in the real estate market.
Market price is influenced by factors such as the size of the property, amenities, and location, and is generally higher than the corresponding county price.
Builders rarely sell properties at county prices, as this would lead to significant losses. Properties are usually not available at county prices.
Market price provides information about the appreciation of property values in a particular area.
To summarize, circle rate is the minimum valuation set by the government while market rate is the actual price determined by market forces and is usually higher than circle rate. Understanding this difference is crucial for buyers and sellers in the Ghaziabad real estate market.
Amenities rates in Ghaziabad
Amenities and the market value plays a key role in determining the circle rate of a locality. The circle rates for group housing societies are high as they provide better amenities. The UP government in Ghaziabad has levied additional costs on common facilities provided in the group housing societies as mentioned below –
Current Ghaziabad circle rates for FY 2024-25
Circle Rates in Ghaziabad for plots
The following are the recent circle rates for plots in Ghaziabad -
| Plots Rate per sq m | |||
|---|---|---|---|
| Area Name | Up to 9m Wide Road | 9m to 18m Wide Road | Above 18m Wide Road |
| Vasundhara Sector 1 to 19 | Rs 72,000 | Rs 76,000 | Rs 80,000 |
| Kaushambi All areas | Rs 93,000 | Rs 97,000 | Rs 10,3000 |
| Indirapuram | Rs 85,000 | Rs 90,000 | Rs 95,000 |
| Indirapuram Jaipuriya Sunrise Green | Rs 25,000 | Rs 30,000 | Rs 35,000 |
| Surya Nagar | Rs 87,000 | Rs 92,000 | Rs 97,000 |
| Chandra Nagar | Rs 87,000 | Rs 92,000 | Rs 97,000 |
| Ramprasatha | Rs 87,000 | Rs 92,000 | Rs 97,000 |
| Vaishali Sector 1, 2, 3, 4, 5, Vaishali X and Others | Rs 87,000 | Rs 92,000 | Rs 97,000 |
| Panchavati Colony | Rs 43,000 | Rs 50,600 | Rs 52,900 |
| Satyam Enclave | Rs 51,100 | Rs 52,400 | Rs 55,200 |
| Kavi Nagar Block A | Rs 62,000 | Rs 65,000 | Rs 68,000 |
| Kavi Nagar Block B, K | Rs 62,000 | Rs 65,000 | Rs 68,000 |
| Kavi Nagar Block C, D, L | Rs 62,000 | Rs 65,000 | Rs 68,000 |
| Kavi Nagar Block E | Rs 62,000 | Rs 65,000 | Rs 68,000 |
| Kavi Nagar Block F, G, H, J | Rs 62,000 | Rs 65,000 | Rs 68,000 |
| Kavi Nagar Block I | Rs 62,000 | Rs 65,000 | Rs 68,000 |
| Kavi Nagar Block M | Rs 62,000 | Rs 65,000 | Rs 68,000 |
| Surya Enclave | Rs 40,000 | Rs 41,400 | Rs 42,800 |
| Ansal API | Rs 35,000 | Rs 38,000 | Rs 40,000 |
| Nehru Nagar 2 Block A, B | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 2 Block C, F | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 2 Block D | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 2 Block E | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 2 Block G | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 3 Block A | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 3 Block B, E | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 3 Block C | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 3 Block D, G, H, J | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 3 Block F, L | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 3 Block K | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| Nehru Nagar 3 Block M, N | Rs 55,000 | Rs 58,000 | Rs 60,000 |
| NH24 Aditya World City, Shahpur Bhamta | Rs28,000 | Rs 30,000 | Rs 35,000 |
| Wave City | Rs 33,000 | Rs 37,000 | Rs 40,000 |
| Girdhar Enclave | Rs 52,500 | Rs 53,900 | Rs 55,200 |
| Sahibabad Between Link Road and Railway Line | Rs 40,000 | Rs 42,800 | Rs 47,000 |
| Sahibabad Area Before Link Road | Rs 58,000 | Rs 59,400 | Rs 63,500 |
| Sahibabad Area Between GT Road and Railway Line | Rs 45,500 | Rs 48,300 | Rs 52,500 |
| Sahibabad Shyam Park Main | Rs 42,800 | Rs 47,000 | Rs 49,700 |
| Sahibabad Om Nagar | Rs 44,100 | Rs 45,500 | Rs 47,000 |
| Aditya High Street | Rs 20,000 | Rs 22,200 | Rs 25,000 |
Circle Rates in Ghaziabad for flats and floors
Below are the recent circle rates for flats and floors in the Ghaziabad -
| Area name | Flats and floors (Per Square Yard) |
|---|---|
| Vasundhara | Rs 60,000 |
| Kaushambhi | Rs 74,000 |
| Indirapuram | Rs 66,000 |
| Surya Nagar | Rs 66,000 |
| Chandra Nagar | Rs 66,000 |
| Ramprasatha | Rs 66,000 |
| Vaishali | Rs 66,000 |
| Satyam Enclave | Rs 32,000 |
| Kavi Nagar | Rs 46,800 |
| Nehru Nagar 2 | Rs 44,400 |
| Nehru Nagar 3 | Rs 44,400 |
| NH 24 | Rs 24,000 |
| Wave City | Rs 29,000 |
| Girdhar Enclave | Rs 40,500 |
| Sahibabad | Rs 32,000 |
How to Calculate the Circle Rate in Ghaziabad for Different Property Types
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Independent Plots: To calculate the Ghaziabad circle rate of an independent plot, you need to multiply the plot area by the applicable circle rate amount (per square mtr) based on the locality.
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Builder Floors: To calculate the Ghaziabad circle rate of a builder floor, multiply the total built-up area by the minimum construction cost of the property. Once done, multiply the product with the age factor applicable to the property.
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Society Flats: To calculate the Ghaziabad circle rate of society flats,, multiply the total built-up area by the minimum construction cost of the property. Then, multiply the product by the age factor applicable to the property.
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Multi-Storey Apartments: To calculate the Ghaziabad circle rate of a multi-storey apartment, multiply the total built-up area by the property's applicable Ghaziabad circle rate.
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Residential Houses: To calculate the Ghaziabad circle rate of a built-up residential flat, multiply the total built-up area by the minimum construction cost of the property. Once done, multiply the product by the age factor applicable to the property.