Noida offers a vibrant and dynamic market for property buyers and investors. With its modern infrastructure, excellent connectivity, and a range of residential and commercial options, Noida has emerged as a top destination
If you are someone looking to buy property in Noida, you must understand circle rates in Noida. It plays a crucial role in determining property values and transaction costs. Whether you are a prospective buyer, seller, or investor, staying updated on the latest circle rates is essential for informed decision-making. In this blog, we will explore the prevailing circle rates in Noida, providing valuable insights into this bustling city's real estate market.
What is the Circle Rate?
The circle rate is the minimum price at which a property can be bought or sold as determined by the government. It serves as a reference point for property transactions and is used to calculate stamp duty and registration charges. It is commonly used to establish the minimum price at which properties can be bought or sold. The rates may vary from one state to another and are determined by the respective state or local government authorities
Sector-Wise Circle Rates in Noida
The Noida Authority has introduced revised circle rates for plots in Noida. These sector-wise rates serve as a benchmark for property transactions, ensuring fair valuations. Prospective buyers and investors can refer to these circle rates to make informed decisions in the dynamic real estate market of Noida.
Here are the sector-wise circle rates in Noida (Sqft/Mtr)
| Area | Noida Circle Rate for 12 Meter Road | Noida Circle Rate for 12-18 Meter Road | Noida Circle Rate for 18-24 Meter Road | Noida Circle Rate for Above 24 Meter Road |
| Sector 1-12, 22, 42, 43, 45, 70-79, 107, 110, 119-121, 123, 125-137, 142, 143, 143B, 144, 151-157 | Rs 52,500 | Rs 55,150 | Rs 57,750 | Rs 60,400 |
| Sector 14, 14A, 15A, 16, 16A, 16B, 17, 18, 30, 35, 36, 38, 38A, 39, 44, 50, 51, 52, 94, 124 | Rs 1,03,000 | Rs 1,09,000 | Rs 1,14,000 | Rs 1,19,000 |
| Sector 15, 19, 20, 21, 23-25, 25A, 26-29, 31-34, 37, 40, 41, 46-49, 53, 55, 56, 61, 62, 82, 92, 93, 93A, 93B, 96-100, 105, 108, 122 | Rs 72,000 | Rs 75,600 | Rs 79,200 | Rs 82,800 |
| Sector 54, 57- 60, 63, 63A, 64, 65, 67-69, 80, 81, 83-91, 95, 101, 103, 106, 109, 111-114, 116-118 | Rs 44,000 | Rs 46,200 | Rs 48,400 | Rs 50,600 |
| Sector 66, 102, 138, 139, 140, 140A, 141, 145 – 150, 158-167, NEPZ, Noida Phase 2 | Rs 40,000 | Rs 42,000 | Rs 44,000 | Rs 46,000 |
| Sector 104 | Rs 44,000 | Rs 55,150 | Rs 57,750 | Rs 60,400 |
| Sector 115 | Rs 44,000 | Rs 42,000 | Rs 44,000 | Rs 50,600 |
| Sector 168 | Rs 52,500 | Rs 52,500 | Rs 57,750 | Rs 60,400 |
Circle Rate Influencing Factors In Noida
Several factors influence circle rates in Noida, including location, infrastructure development, demand-supply dynamics, proximity to amenities, market trends, and government policies. Below are the factors the Noida Authority sets for circle rates that collectively determine the valuation of properties in the region
| Factors | Explanation |
| Facilities Nearby | Circle rates in Noida are influenced by the availability and proximity of amenities such as schools, parks, hospitals, shopping centres, and transportation hubs. |
| Property Type | Property types, such as residential, commercial, or industrial, have varying circle rates based on land usage, zoning regulations, and market demand. |
The above factors play a crucial role in determining the circle rates of properties in Noida, as they reflect the desirability and value of the location and property type in the real estate market.
Why are Noida Circle Rates Important?
Now why is the circle rate in Noida important sector-wise? Noida circle rates are important as they act as the basis for property valuation, stamp duty calculations, and registration charges. They ensure fair transactions, prevent underreporting of property values, and maintain revenue generation for the government.
| Factors | Importance |
| Property Valuation | Noida circle rates provide a standardised method for property valuation, ensuring fair pricing and transparency in real estate transactions. |
| Property Registration | Circle rates are crucial in determining stamp duty and registration charges, facilitating legal documentation and ensuring accurate financial transactions. |
| Revenue Generation | Circle rates contribute to revenue generation for the government through stamp duty and registration charges, supporting public infrastructure development and services. |
| No False or Misleading Transactions | Circle rates help prevent underreporting property values, minimising the chances of false or misleading transactions and maintaining the integrity of the real estate market. |
These factors highlight the importance of Noida circle rates in promoting fairness, transparency, and financial accuracy in property transactions while ensuring revenue generation and maintaining market integrity.
Things to Keep in Mind when Purchasing Property in Noida
Below are some of the key things to keep in mind when purchasing property in Noida.
- Before buying a house in Noida, it's important to carefully consider various factors such as prices, location, and amenities to ensure you make the right choice.
- Make sure to check out the circle rates in Noida, which provides information about property rates in the area. This will help you understand the prevailing market prices and make an informed decision.
- Thoroughly check the title of the property you wish to purchase. This is crucial to confirm that the current owner has proper control and ownership rights.
- Always establish the property's value based on the circle rates set by the Noida Authority. This will help you gauge its worth and negotiate a fair deal.
- Lastly, approach the property buying process with seriousness and patience. Avoid rushing into any decisions and be thorough to avoid potential problems or complications down the line. Taking your time can save you from future headaches.
How to Check Noida Circle Rates Online?
To check circle rates in Noida online, follow these steps:
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Visit the Stamps and Registration Department website of Uttar Pradesh.
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Click on the "Enter Here" button to access the relevant page.
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Provide the required details from the Evaluation List, such as the district and sub-registrar office, to obtain the circle rates for Noida.
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Select "View Details" to access the district-specific list of circle rates.
Following these steps, you can quickly verify the circle rates in Noida. This information will help you stay updated on the prevailing rates and make informed decisions about property purchases in Noida.
Conclusion
When considering buying a property in Noida, it is essential to be aware of the circle rates, which can be easily checked online. Additionally, for those interested in obtaining a Loan Against Property (LAP), understanding the necessary documents required is crucial We at Hero FinCorp provide
property loans to self-employed professionals and business owners looking to buy a property in Noida or anywhere in India. Stay informed about circle rates in Noida, ensure you have the required documents, and consider Hero FinCorp for a seamless loan experience. Take advantage of our Loan Against Property when making important property-related decisions in Noida
You just need to submit the required Loan Against Property documents and other proofs as mentioned on our website. Once we review the documents, your loan will be processed quickly. It's that simple with us. So, apply today and secure a LAP from us today
FAQs
1. What is the circle rate in Noida Sector 15 The circle rate in Noida Sector 15 varies based on the property type you plan to buy. Generally, it ranges from Rs 75,600 per sq m to Rs 82,800 per sq m
2. What is the circle rate in Noida industrial plot
The circle rate for industrial plots in Noida may vary depending on the size, location, and other factors.
3. What is the circle rate in Sector 76 Noida?
The circle rate in Sector 76 Noida ranges from Rs 55,150 per sq m to Rs 2,87,000 per sq m, depending on the property type.
4. What is the circle rate of property in Greater Noida?
The circle rate of property in Greater Noida majorly depends on the property type and the location
5. Can I access the circle rate list in a specific format?
Yes, the circle rate list is available online in PDF format, which you can download and search for specific locality rates like circle rate in Ghaziabad, circle rate in Delhi, etc.
6. What is the circle rate in India, and how is it determined?
Circle rate in India is the government-notified minimum rate for property registration in a specific area. It is determined based on factors like property location, type, and market value trends.
