The circle rate refers to the lowest value at which a property can sell. The circle rate in Ghaziabad differs based on factors like location, type, and property usage. A property's market value and consideration value depend on the circle rate, based on which lenders determine the Home Loan and Loan Against Property interest rates. If you own a property in Ghaziabad, you can borrow a loan against it from Hero FinCorp based on its circle rate and market value.
Circle Rates in Ghaziabad
In June 2023, the Uttar Pradesh Housing Board increased the circle rate in Ghaziabad for many townships. Depending on the area, amenities, age, type, and demand of the property, the increased circle rates will increase the real estate value in the area. Consequently, buying a property in Ghaziabad will become expensive. However, if you are a self-employed individual or an entrepreneur with a property in Ghaziabad, you can get a loan of up to Rs 7.5 Crore, based on property value, from Hero FinCorp. Read Also: What Are the Current Circle Rates in Dehradun?
Do you want to know the circle rate in Ghaziabad? It largely varies based on the area where the property is located. It also depends on the type of property in question. Here is a Ghaziabad circle rate list depending on the property type and area.
Circle Rates for Multi-storey Apartments in Ghaziabad
Area
Circle Rate per sq. m. (in INR)
Vasundhara
5,200
Kaushambi
6,300
Indirapuram
5,700
Surya Nagar
5,700
Chandra Nagar
5,700
Ramprastha
5,700
Vaishali
5,700
Satyam Enclave
3,500
Kavi Nagar
4,100
Nehru Nagar 2
3,800
Nehru Nagar 3
3,800
NH24
2,600
Wave city
2,700
Girdhar Enclave
3,500
Sahibabad
3,500
Circle Rates for Agricultural Land in Ghaziabad
Area
Circle Rate per Hectare (in INR)
Akbarpur Behrampur
5,07,15,000
Bayana
3,04,75,000
Mehrauli
5,09,45,000
Sadikpur/ Kajipura
3,04,75,000
Circle Rates for Non-Agricultural Land in Ghaziabad
Area
Circle Rate per sq. m. (in INR)
Vasundhara
56,000
Kaushambi
72,000
Indirapuram
66,000
Surya Nagar
67,000
Chandra Nagar
67,000
Ramprastha
67,000
Vaishali
67,000
Panchavati Colony
46,000
Satyam Enclave
44,400
Kavi Nagar - Block A, B, E, K
60,000
Kavi Nagar - Block C, D, L
67,200
Kavi Nagar - Block F,G,H, I, J
62,400
Kavi Nagar- Block M
64,800
Surya Enclave
37,200
Ansal API
34,800
Nehru Nagar 2- Block A, B
72,000
Nehru Nagar 2 - Block C, F
67,200
Nehru Nagar 2 - Block D
66,000
Nehru Nagar 2 - Block E
60,000
Nehru Nagar 2 - Block G
38,000
Nehru Nagar 3 - Block A
62,400
Nehru Nagar 3 - Block B, E
42,000
Nehru Nagar 3 - Block D, G, H, J
66,000
Nehru Nagar 3 - Block C, F, L, M, N
72,000
Nehru Nagar 3 - Block K
78,000
NH24
30,000
Wave City
14,000
Girdhar Enclave
81,600
Sahibabad - Between Link Road and Railway Line, Area Before Link Road
84,000
Sahibabad - Area Between GT Road and Railway Line, Shyam Park Main, Om Nagar
Calculation of Circle Rate as per the age of the Property in Ghaziabad
A property’s age largely affects its valuation and circle rate in Ghaziabad. Instead of a fixed rate depending on the property's age, a multiplying factor determines a property's circle rate. Usually, the multiplying factor is lower for an older property and higher for a new one. The more recent the property, the higher the multiplying factor.
Circle Rate = Base Rate + (Factor * Area Adjustment) + (Factor * Zone Adjustment)
How to Calculate the Stamp Duty and Registration Charges in Ghaziabad?
In Ghaziabad, the stamp duty and registration charges on all property transactions are as follows:
Stamp Duty Charges: 7%
Registration Charges: 1%
These charges are payable at the time of signing the sale deed at the sub-registrar's office. You can calculate this percentage using your property’s consideration value. Rather than calculating them manually, you can also use a circle rate calculator for your Ghaziabad property.
What are the Factors on Which Circle Rates Depend?
Uttar Pradesh government considers the following factors when determining the circle rate in Ghaziabad:
Property Type: The circle rates differ for agricultural land, non-agricultural land, residential flats, apartments, multi-storey buildings, etc. The rates may vary for different property types within the same locality.
Infrastructure and Location: Localities with better infrastructure and amenities have higher circle rates than those with limited infrastructure. Good infrastructure, like connectivity, roads, commercial hubs, etc., contributes to a higher circle rate in Ghaziabad. For instance, the circle rate in Vaishali, Ghaziabad is higher than in other areas like Satyam Enclave, Girdhar Enclave, and Wave City.
Market Conditions: The real estate demand in Ghaziabad influences the circle rate significantly. The circle rate may increase when the demand is high.
Amenities: Amenities with parks, hospitals, schools, transportation options, shopping centres, etc., impact the circle rates. Better amenities in and around a property generally result in a higher circle rate.
Growth and Development Potential: An area’s growth potential, including planned developments, economic growth, and upcoming infrastructure projects, largely influences the circle rate.
Uses of Circle Rates in Ghaziabad
The circle rate is the minimum value at which a property registration occurs in Ghaziabad. Calculated per sq ft or sq m of the property, they change according to the governing bodies’ latest policies and circle rate list Ghaziabad. The main use of a circle rate in Ghaziabad is to curb a property’s value under-reporting for tax evasion. By setting a property’s minimum value, the government ensures fair real estate transactions while collecting appropriate taxes. Moreover, circle rates are a major consideration in court proceedings and legal matters related to property evaluation.
Steps to Check Circle Rates in Ghaziabad Online?
Circle rates in Ghaziabad are available online in PDF format. Follow the steps below to access the circle rates online:
Step 1: Go to the official website: Ghaziabad.nic.in.
Step 2: Scroll down to the information section, where you can find the option "New Circle Rate List Ghaziabad."
Step 3: Click on the link, and you will be redirected to a new webpage with PDFs containing circle rates of different areas in Ghaziabad.
Step 4: You can search the specific locality name to view the latest circle rates.
By following these steps, you can easily access and download the latest circle rates for various localities in Ghaziabad.
Conclusion
Before making a property purchase or mortgage-related decision, check the latest circle rate in Ghaziabad to determine its actual value. It can directly impact your Loan Against Property interest rates and value. If you need money for a personal or professional purpose, apply for a Loan Against Property through Hero FinCorp and get the best loan deal based on its circle rate and market value. Staying informed and making informed decisions help you leverage your Ghaziabad property effectively. Read Also: What Are the Current Circle Rates in Noida?
Frequently Asked Questions
1. Why are circle rates important in Ghaziabad?
The Ghaziabad circle rate list is important, as it determines the cost of the property according to its area, type, usage, and other factors.
2. How are circle rates calculated in Ghaziabad?
The Uttar Pradesh government calculates the circle rate in Ghaziabad based on the type, location, market value, age, and amenities of the property.
3. How do I know the circle rate for my property in Ghaziabad?
To check your property’s latest circle rate in Ghaziabad, log on to the official website of the UP Stamps and Registration Department, select the evaluation list, enter the district, sub-registrar office, and other details, and click on ‘View Details’.
4. What is the registration rate in Ghaziabad?
The rate of registration charges in Ghaziabad is 1% of the property’s value. That means if the property is worth Rs 50 Lakh, the registration charges will be Rs 50,000.
Manya is a seasoned finance professional with expertise in the non-banking financial sector, offering 3 years of experience. She excels in breaking down complex financial topics, making them accessible to readers. In their free time, she enjoys playing golf.
