How to Calculate Property Circle Rates in Noida & Category Wise Rates List
Willing to purchase property in Noida?
Find out the circle rates in Noida to get an idea about the value of your property. Property buyers or home buyers must know these rates to make informed decisions while quoting the price of the property.
Wondering what are the Noida authority circle rates? Read along!
What Is Property Circle Rate in Noida?
Circle rate, also known as ready reckoner rate, is the minimum price per sq. ft. allotted for property or land registration transaction. It is the lowest amount at which the selling or transferring of residential or commercial property can occur in Noida.
The Uttar Pradesh Government notified the circle rates in Noida. These rates vary from one locality to another and depend on different factors, as discussed later in this piece.
The Government revises circle rates every year to match with the market value. Banks or financial institutions consider circle rate while sanctioning loans against property (LAP).
Read on to know about Noida authority circle rates.
You may also like what is Property Insurance and why it is important?
What Are the Category-wise Circle Rates in Noida?
Below is a set of tables that lists the circle rate of Noida.
Circle Rates in Noida for Flats and Apartments
[1]
| Noida Regions | Circle Rates Per Sq. Metre |
|---|---|
| Sector 14, Sector 14A, Sector 15A, Sector 17, Sector 25A, Sector 30, Sector 32, Sector 35, Sector 36, Sector 38A, Sector 39, Sector 44, Sector 50-52, Sector 92, Sector 93, Sector 93A, Sector 93B, Sector 96-98 | ₹ 55,000 |
| Sector 102, Sector 158, Sector 162 | ₹ 32,000 |
| Sector 11, Sector 12, Sector 16, Sector 16A, Sector 16B, Sector 11, Sector 12, Sector 16, Sector 16A, Sector 16B, Sector 22, Sector 24, Sector 42, Sector 43, Sector 70-79, Sector 104, 107, Sector 110, Sector 115, Sector 117, Sector 118, Sector 119, Sector 120, Sector 121, Sector 130, Sector 133, Sector 143, Sector 143B, Sector 144, Sector 150, Sector 151, Sector 168 | ₹ 40,000 |
| Sector 15, Sector 19, Sector 20, Sector 21, Sector 23, Sector 25-29, Sector 31, Sector 33, Sector 34, Sector 37, Sector 38, Sector 40, Sector 41, Sector 45-49, Sector 53, Sector 55, Sector 56, Sector 61, Sector 62, Sector 82, Sector 99, Sector 100, Sector 105, Sector 108, Sector 122, Sector 128-131, Sector 134, Sector 135, Sector 137 | ₹ 50,000 |
| Sector 63A, Sector 86, Sector 112, Sector 113, Sector 116 | ₹ 35,000 |
Circle Rates for Builder Floors in Noida
| Sector | Circle Rate on Up to 12-metre Road (Per Sq. Metre) | Circle Rate on 12-metre to 18-metre Road (Per Sq. Metre) |
| Noida Phase 2, NEPZ, Sector 66, Sector 102, Sector 138, Sector 139, Sector 140, Sector 140A, Sector 141, Sector 145-150, Sector 158, Sector 159, Sector 160-167 | ₹ 40,000 | ₹ 42,000 |
| Sector 14, Sector 14A, Sector 15A, Sector 16, Sector 16A, Sector 16B, Sector 17, Sector 18, Sector 30, Sector 35, Sector 36, Sector 38, Sector 38A, Sector 39, Sector 44, Sector 50, Sector 51, Sector 52, Sector 94, Sector 124 | ₹ 1,03,000 | ₹ 1,09,000 |
| Sector 115 | ₹ 44,000 | ₹ 42,000 |
| Sector 15, Sector 19, Sector 20, Sector 21, Sector 23-25, Sector 25A, Sector 26 – 29, Sector 31-34, Sector 37, Sector 40, Sector 41, Sector 46-49, Sector 53, Sector 55, Sector 56, Sector 61, Sector 62, Sector 82, Sector 92, Sector 93, Sector 93A, Sector 93B, Sector 96-100, Sector 105, Sector 108, Sector 122 | ₹ 72,000 | ₹ 75,600 |
| Sector 1-12, Sector 22, Sector 42, Sector 43, Sector 45, Sector 70-79, Sector 107, Sector 110, Sector 119-121, Sector 123, Sector 125-137, Sector 142, Sector 143, Sector 143B, Sector 144, Sector 151-157 | ₹ 52,500 | ₹ 55,150 |
| Sector 54, Sector 57-60, Sector 63, Sector 63A, Sector 64-69, Sector 80, Sector 81, Sector 83-91, Sector 95, Sector 101, Sector 103, Sector 106, Sector 109, Sector 111-114, Sector 116-118 | ₹ 44,000 | ₹ 46,200 |
| Sector 104 | ₹ 44,000 | ₹ 55,150 |
| Sector 168 | ₹ 52,500 | ₹52,500 |
| Sector | Circle Rate on 18-metre to 24-metre Road (Per Sq. Metre) | Circle Rate on Over 24-metre Roads (Per Sq. Metre) |
| Noida Phase 2, NEPZ, Sector 66, Sector 102, Sector 138, Sector 139, Sector 140, Sector 140A, Sector 141, Sector 145-150, Sector 158, Sector 159, Sector 160-167 | ₹ 44,000 | ₹ 46,000 |
| Sector 14, Sector 14A, Sector 15A, Sector 16, Sector 16A, Sector 16B, Sector 17, Sector 18, Sector 30, Sector 35, Sector 36, Sector 38, Sector 38A, Sector 39, Sector 44, Sector 50, Sector 51, Sector 52, Sector 94, Sector 124 | ₹ 1,14,000 | ₹ 1,19,000 |
| Sector 115 | ₹ 44,000 | ₹ 50,600 |
| Sector 15, Sector 19, Sector 20, Sector 21, Sector 23-25, Sector 25A, Sector 26 – 29, Sector 31-34, Sector 37, Sector 40, Sector 41, Sector 46-49, Sector 53, Sector 55, Sector 56, Sector 61, Sector 62, Sector 82, Sector 92, Sector 93, Sector 93A, Sector 93B, Sector 96-100, Sector 105, Sector 108, Sector 122 | ₹ 79,200 | ₹ 82,800 |
| Sector 1-12, Sector 22, Sector 42, Sector 43, Sector 45, Sector 70-79, Sector 107, Sector 110, Sector 119-121, Sector 123, Sector 125-137, Sector 142, Sector 143, Sector 143B, Sector 144, Sector 151-157 | ₹ 57,750 | ₹ 60,400 |
| Sector 54, Sector 57-60, Sector 63, Sector 63A, Sector 64-69, Sector 80, Sector 81, Sector 83-91, Sector 95, Sector 101, Sector 103, Sector 106, Sector 109, Sector 111-114, Sector 116-118 | ₹ 48,400 | ₹ 50,600 |
| Sector 104 | ₹ 57,750 | ₹ 60,400 |
| Sector 168 | ₹ 57,750 | ₹ 60,400 |
How to Calculate Circle Rates in Noida for Different Property Types?
Follow the table mentioned below to get a clear idea about the circle rates calculation process in Noida for different property types.
[1]
| Property Type | Circle Rate |
|---|---|
| Builder Floors Built on Independent Plots | Sum of 1+2 - Multiply the applicable circle rate for land in the respective locality in ₹ per sq. mt. with a proportionate share in the area of the plot. Multiply built-up area with the lowest cost of construction in ₹ per sq. mt. |
| Plot | Multiply applicable circle rate for land in the locality with an area of plot in ₹ per sq. mt. |
| Residential Apartments | Sum of 1+2+3 - Multiply the applicable circle rate for flats in ₹ per sq. mt. with a built-up area of flat in sq. mt. * (1+total % loading for amenities) * (1- floor relief) Multiply ₹300000 with the number of covered car parking slots. Multiply ₹150000 with the number of open car parking slots. (Applicable for Noida Authority flats, Shramik flats and ESW flats) |
| House Constructed Plo | Sum of 1+2 - Multiply per sq. mt. construction cost adjusted for age with the built-up area. Multiply the applicable circle rate for flats in ₹ per sq. mt. with an area of plot in sq. mt. |
How to Calculate Property Value Using Circle Rates in Noida?
To calculate property value in Noida, individuals have to follow the steps mentioned below,
- Step-1- Find out the built-up area.
- Step-2- Identify the applicable property type (shop, builder floor, house, plot, commercial unit)
- Step-3- Select the locality area.
- Step-4- Calculate the amount as per the process mentioned in the previous section, which is applicable on different property types.
What Are the Top Factors Affecting Circle Rates in Noida?
The factors that affect circle rates in Noida includes,
- Type of Property: Circle rates in Noida vary for flats, apartments, plots and independent houses even in the same sector.
- Market Value and Amenities: Market value and amenities are closely related to circle rate. Circle rates are higher for group housing societies due to better amenities.
What Is the Impact of Circle Rates on Taxation in Noida?
As per Section 56 (2)(x) of the Income Tax Act, property buyers have to pay capital gains tax if they purchase property below the approved circle rate limit. Here, the seller has to pay capital gains tax on the property circle rate applicable in that locality.
FAQs About Property Circle Rates in Noida
Are commercial circle rates in Noida higher than residential complexes?
Yes, commercial circle rates in Noida are higher than residential complexes.
Is there any floor relief for a high-rise apartment in Noida?
Yes, the UP Government provides 2% floor relief for a high-rise apartment in Noida. This benefit is available for four floors and above buildings and is set at 20% of the minimum value.
Is it permitted to sell a property below market value in Noida?
Yes, the government permits the seller to sell the property below market price. Moreover, in Noida the circular rate is the lowest price under which a seller cannot sell a property.
Will a higher circle rate affect home buyers in Noida?
Yes, with the rise in circle rate in Noida, the registration rate also increased drastically. Since, stamp duty cost is inter-related to circle rates, with such hike the stamp duty cost will also increase. As a result, homebuyers in Noida will hesitate to buy properties at such an increased rate.
How to check the circle rates in Noida online?
In order to check circle rates of a property in Noida one needs to login to the stamps and registration department, Uttar Pradesh. Then, click on “Assessment list" and provide the evaluation list details like district, sub registrar office details, captcha code etc. Finally, to view the list of circle rates for the required district click on “View details”. As per the requirement one can download Noida circle rate PDF for future reference.