Introduction
The circle rate in Ghaziabad is a key factor in determining the minimum value at which a property cannot be transacted. Stamp duty and registration charges in Ghaziabad are affected by circle rates. These taxes are applicable on the higher value between the contract price and the circle rate of the property. openplot illustrates current circle rates in Ghaziabad in 2024.
Table of Contents
- What are Circle Prices in Ghaziabad?
- How are Circle Rates Determined in Ghaziabad?
- Current Circle Rates in Ghaziabad for Plots
- Circle Rates in Ghaziabad
- Factors Affecting Circle Rates in Ghaziabad
- Additional Charges while Buying Property in Ghaziabad
- How to Check Circle Rates Online?
- Circle Rate in Ghaziabad: Latest Updates and News
- Frequently Asked Questions
Circle rates in Ghaziabad are the minimum value set by the Uttar Pradesh government for selling property. This is the amount of stamp duty and registration charges levied at the time of property – new or resale registration transfer of ownership. These rates are determined based on the location, size, and type of property to prevent underreporting of property sale prices.
It is important for buyers and sellers to be aware of these rates to ensure a legal property transaction process. Buyers and sellers should consult the latest circle rates in Ghaziabad before finalizing any property transactions to avoid any legal issues. Failure to comply with these rates can lead to penalties or even cancellation of the property transfer.
What are Circle Prices in Ghaziabad?
Circle prices, also known as circle rates, are the minimum prices at which a property can be registered in a particular area. These rates are set by the local government and play a crucial role in determining the stamp duty and registration charges for property transactions. Keeping track of circle prices is essential for buyers, sellers, and investors to make informed decisions in the real estate market.
How are Circle Rates Determined in Ghaziabad?
Circle rates in Ghaziabad are the minimum values set by the Uttar Pradesh government for selling property. Circle rates in Ghaziabad, like other cities in India, vary depending on the market value of the area and infrastructure development. These rates are used to calculate stamp duty and registration charges during property transactions.
Buyers and sellers need to be aware of the current circle rates to avoid any legal issues. To prevent tax evasion, buyers and sellers should also consider that properties cannot be registered below the circle rates. Being informed about the circle rates can help make well-information decisions while buying or selling property in Ghaziabad.
Current Circle Rates in Ghaziabad for Plots
Recently, the Ghaziabad Circle has increased the rates and asked to revise the existing rates. The Ghaziabad government agreed to that issue. Following are the revised and current circle rates applicable in Ghaziabad.
| Areas Name | Up to 9m Wide Road | 9m to 18m Wide Road | Above 18m Wide Road |
| Kushambi All areas | Rs 72,000 | Rs 75,600 | Rs 79,200 |
| Indirapuram Jaipuriya Sunrise Green | Rs14,000 | Rs14,200 | Rs14,500 |
| Surya Nagar | Rs 67,000 | Rs 70,400 | Rs 73,700 |
| Ramprasatha | Rs 67,000 | Rs 70,400 | Rs 73,700 |
| Vaishali Sector 1, 2, 3, 4, 5, Vaishali X and Others | Rs 67,000 | Rs 70,400 | Rs 73,700 |
| Surya Enclave | Rs 29,000 | Rs 30,000 | Rs 31,000 |
| Nehru Nagar 3 Block D, G, H, J | Rs 42,000 | Rs 44,000 | Rs 46,000 |
| NH24 Aditya World City, Shahpur Bhamta | Rs14,000 | Rs14,200 | Rs14,500 |
| Girdhar Enclave | Rs 38,000 | Rs 39,000 | – |
| Sahibabad Om Nagar | Rs 32,000 | Rs 33,000 | Rs 34,000 |
Circle Rates in Ghaziabad
Circle rates are also referred to as Ready Reckoner (RR) Rates Guidance Value (GV) Stamp Duty Value or Government Value Floor Prices. Following are the recent circle rates for flats and floors in Ghaziabad.
| Area Name | Flats and Floors (Per Square Yard) |
|---|---|
| Vasundhara | Rs 47,000 |
| Kaushambhi | Rs 57,000 |
| Indirapuram | Rs 52,000 |
| Surya Nagar | Rs 52,000 |
| Chandra Nagar | Rs 52,000 |
| Ramprasatha | Rs 52,000 |
| Vaishali | Rs 52,000 |
| Satyam Enclave | Rs 32,000 |
| Kavi Nagar | Rs 37,000 |
| Nehru Nagar 2 | Rs 35,000 |
| Nehru Nagar 3 | Rs 35,000 |
| NH24 | Rs 24,000 |
| Wave City | Rs 25,000 |
| Girdhar Enclave | Rs 32,000 |
| Sahibabad | Rs 32,000 |
Factors Affecting Circle Rates in Ghaziabad
Compared to the residential segment, the state government levies a higher circle rate for commercial properties. While determining circle rates in Ghaziabad. The Uttar Pradesh government takes into account several parameters such as the type of property. The market value of the area and condition of existing infrastructure. The circle rates for commercial properties are typically set higher to reflect the potential for higher rental income and property value appreciation.
These rates are adjusted periodically to ensure they align with market conditions and property values in the area. Property owners and buyers need to stay informed about any changes in circle rates to make informed decisions. Additionally, understanding the factors that influence circle rates can help in negotiating better deals in the real estate market.
Type of the Properties
The circle rate of flats and apartments in Ghaziabad varies from the circle rate of plots and independent houses in the same area. Circle rates vary by region. However, circle rates depend on the amenities also.
Infrastructural Status
The circle rate of an area falling within municipal limits with proper infrastructure is higher. This is because properties in such areas are generally more desirable and in higher demand As compared to an area outside municipal limits without proper infrastructure setup. Leading to increased property values. Additionally, the presence of good infrastructure can also attract more potential buyers or investors. Further driving up prices.
Amenities
Circle rates in Ghaziabad may also depend on location-related amenities such as schools, hospitals, parks, shopping centers, and transport facilities. The better the property’s neighborhood in terms of amenities, the higher the circle rate of that property. Additionally, proximity to major highways, metro stations, and airports can also impact circle rates in Ghaziabad. Properties located in well-connected areas with easy access to transportation hubs tend to have higher circle rates.
Development Potential
Planned infrastructural development and economic growth in a region can greatly influence circle rates. These factors not only increase the livability of the area but also attract more investors. thereby increasing demand for real estate and circle rates.
Additional Charges while Buying Property in Ghaziabad
While planning to buy property in Ghaziabad, it should be kept in mind that the government imposes additional charges in some cases. Fees apply for goods and facilities used. It is important to factor in these additional charges when budgeting for your property purchase in Ghaziabad. These fees may vary depending on the location and type of property you are interested in.
It is advisable to consult with a real estate agent or do thorough research to understand the specific charges that apply. It is good to be aware of these additional costs. You can make a more accurate financial plan for your property investment in Ghaziabad. Let’s look at some of these additional charges:
- The fee for closed-vehicle parking is Rs. 3 lakhs
- On the other hand, the fee for outdoor parking of a vehicle is Rs.1.5 lakhs
- In case, of community centers, gyms, and swimming pools, the applicable fee is two percent of the circle rate of the place
How to Check Circle Rates Online?
Circle rates in Ghaziabad are available online in PDF format. These rates are updated annually by local authorities. The Ghaziabad Development Authority can be accessed on its official website. To know the fair value, it is important to know these prices while buying or selling property in Ghaziabad. Follow the steps below to access circle rates online:
- Visit the official website, Ghaziabad.nic.in
- Click on the “New circle rate list for Ghaziabad.”
- Click on the link, and you will be redirected to a new webpage with PDFs containing circle rates of different areas in Ghaziabad.
- You can search the specific locality name to view the latest circle rates at Ghaziabad.nic.in
Circle Rate in Ghaziabad: Latest Updates and News
After almost six years, the district administration increased the circle rates in Ghaziabad by an average of 10–12 percent. The circle rate hike for the financial year 2023–24 will be between six per cent and 20 per cent. The increase will be applicable in areas located in the rapid rail corridor. Areas adjacent to the Delhi-Meerut Expressway are also applicable. This decision was made to keep up with the increasing property prices in these areas and to generate more revenue for the government.
The hike in circle rates is expected to impact property transactions and real estate development in Ghaziabad. The hike in circle rates may lead to a decrease in property transactions as buyers may be deterred by the higher costs. However, it could also result in increased revenue for the government. Which can be used for infrastructure development in the region.
Conclusion
The latest update on circle prices in Ghaziabad in 2024–25 shows a significant increase compared to the previous year. This indicates a positive trend in the real estate market. This rise in prices can be attributed to various factors, such as increased demand, better infrastructure, and overall economic growth in the region.
The circle prices in Ghaziabad in 2024–25 reflect strong investor confidence in the market. Which will further improve property values in stamp duty and registration charges. This growth is expected to continue as Ghaziabad emerges as a promising real estate destination in the coming years. For more information, visit openplot.
| Also read Ghaziabad Property Tax Revised Rates Ghaziabad Municipal Corporation (GMC) has officially announced a revised house tax for FY 2024–25. Per square feet (sq ft), depending on the width of the road in front of the property and the type of construction. There are prices of Rs 3.5 per square foot (sq ft) to Rs 4 per sq ft. Noida to Start Registration for Stalled Housing Projects The city is all set to kickstart the registration of stalled housing projects. This development gives hope to those waiting for its completion. Although 42 builder groups have promised to clear their dues to the Noida authority, only 15 have paid 25 percent of their dues so far. |
Frequently Asked Questions
Q. What is the circle rate of Ghaziabad?
A. Circle rates in Ghaziabad are prefix charges fixed by the state government, below which no property can be registered or purchased. These rates may vary depending on location and property type.
Q. How can I find circle rate in Ghaziabad?
A. Circle rates are available on the official portal of Ghaziabad Municipal Authority.
Q. How much is stamp duty in Ghaziabad?
A. The stamp duty charged at the time of property registration in Ghaziabad is currently seven percent. This stamp duty rate is subject to change based on government regulations. The stamp duty rate may vary depending on the location and type of property being registered.