Circle rates in Noida 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 Noida, 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 Noida in 2024.
Circle Rate in Noida 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 Noida.
In this article, we will take a detailed look at the latest circle rates in Noida 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 Noida?
Noida 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.
| Sectors in Noida | Sector categories | Circle rate (price per sq m): Up to 12 m road | Circle rate (price per sq m): 12-18 m road | Circle rate (price per sq m): 18-24 m road | Circle rate (price per sq m): Above 24 m road |
|---|---|---|---|---|---|
| 14A, 15A, 44A, 44B | A+ | Rs 1,03,500 | Rs 1,08,700 | Rs 1,13,850 | Rs 1,19,050 |
| 14, 16, 16A, 16B, 17, 18, 30, 35, 36, 38, 38A, 39, 50, 51, 52, 94, 124 | A | Rs 1,03,500 | Rs 1,08,700 | Rs 1,13,850 | Rs 1,19,050 |
| 15, 19, 20, 21, 23, 24, 25, 25A, 26, 27, 28, 29, 31, 32, 33, 34, 37, 40, 41, 46, 47, 48, 49, 53, 55, 56, 61, 62, 82, 92, 93, 93A, 93B, 96, 97, 98, 99, 100, 105, 108, 122 | B | Rs 72,000 | Rs 75,600 | Rs 79,200 | Rs 82,800 |
| 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 22, 42, 43, 45, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 104, 107, 110, 119, 120, 121, 123, 125, 126, 127, 128, 129, 130, 131, 132, 133, 134, 135, 136, 137, 142, 143, 143B, 144, 151, 152, 153, 154, 155, 156, 157, 168 | C | Rs 52,500 | Rs 55,150 | Rs 57,750 | Rs 60,400 |
| 54, 57, 58, 59, 60, 63, 63A, 64, 65, 67, 68, 69, 80, 81, 83, 84, 85, 86, 87, 88, 89, 90, 91, 95, 101, 103, 106, 109, 111, 112, 113, 114, 116, 117, 118 | D | Rs 44,000 | Rs 46,200 | Rs 48,400 | Rs 50,600 |
| 66, 115, 102, 138, 139, 140, 140A, 141, 145, 146, 147, 148, 149, 150, 158, 159, 160, 161, 162, 163, 164, 165, 166, 167, Noida Phase 2, NEPZ | E | Rs 40,000 | Rs 42,000 | Rs 44,000 | Rs 46,000 |
Difference Between Circle Rate and Market Rate in Noida
Circle rate:
Circle rate is the minimum set by the Noida government for real estate transactions.
It is the base price for calculating stamp duty and registration charges when selling a property.
Circle rates in Noida 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 Noida real estate market.
Amenities rates in Noida
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 Noida has levied additional costs on common facilities provided in the group housing societies as mentioned below –
| Common facilities | Additional cost involved |
|---|---|
| Open car parking | Rs 1.5 lakh |
| Closed car parking | Rs 3 lakh |
| Swimming pool | 2-3 percent of the area circle rate |
| Gym | 2-3 percent of the area circle rate |
| Lift | 2-3 percent of the area circle rate |
| Security guard | 2-3 percent of the area circle rate |
| Power backup | 2-3 percent of the area circle rate |
| Community Centre | 2-3 percent of the area circle rate |
How to Calculate the Circle Rate in Noida for Different Property Types
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Independent Plots: To calculate the Noida 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 Noida 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 Noida 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 Noida circle rate of a multi-storey apartment, multiply the total built-up area by the property's applicable Noida circle rate.
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Residential Houses: To calculate the Noida 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.