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  • Circle Rate in Faridabad

    Knowing the circle rates is one of the most important things when you are planning to buy a property in the city of Faridabad. Check the updated circle rates which will help you determine the registration charges and stamp duty in relation to your property. The circle rates will vary on the basis of the location and size of the property.

    Current Circle Rate in Faridabad 2020

    The circle rates in Faridabad in 2020 are listed below:

    Type of Construction Average Circle Rates
    All group housing cooperative societies in Greater Faridabad Rs.3,100 per sq. m
    Flats of licensed colonies located in Neharpar, Greater Faridabad outside municipal limits Rs.3,400 per sq. m
    Flats of licensed colonies located in Neharpar, Greater Faridabad within municipal limits Rs.3,400 per sq. m
    Housing board Rs.3,400 per sq. m
    Flats in licensed colonies located in Faridabad Rs.4,000 per sq. m

    The circle rates in Faridabad on the basis of floors are listed below:

    Type of Construction Average Circle Rates
    Floor in Old Faridabad Rs.2,900 to Rs.3,500 per sq. m
    Floor in licensed colonies located in Neharpar outside municipal limits Rs.3,500 per sq. m
    Floor in licensed colonies located in Neharpar within municipal limits Rs.3,700 per sq. m
    Sector floor in HUDA Rs.4,000 to Rs.4,300 per sq. m
    Floor in licensed colonies located in Faridabad other than in Neharpar area Rs.4,300 to Rs.4,500 per sq. m

    The circle rates in Faridabad for residential plots are listed below:

    HUDA Sector plots Rate for plots of up to 500 sq. yards Rate for plots of more than 500 sq. yards
    Durga Builder Colony Rs.20,000 per sq. yard Rs.20,000 per sq. yard
    Indraprastha Colony Rs.25,000 per sq. yard Rs.25,000 per sq. yard
    Spring Field Colony Rs.25,000 per sq. yard Rs.25,000 per sq. yard
    Ashok Enclave Rs.32,000 per sq. yard Rs.32,000 per sq. yard
    Neharpar Sectors 79 to 86 Rs.30,000 per sq. yard Rs.30,000 per sq. yard
    Neharpar Sectors 89 and 90 Rs.30,000 per sq. yard Rs.30,000 per sq. yard
    Sector 14 Rs.40,000 per sq. yard Rs.37,000 per sq. yard
    Sector 16 Rs.38,000 per sq. yard Rs.35,000 per sq. yard
    Sector 17 Rs.36,000 per sq. yard Rs.32,000 per sq. yard
    Sector 18 Rs.27,000 per sq. yard Rs.24,000 per sq. yard
    Sector 18A Rs.26,000 per sq. yard Rs.24,000 per sq. yard
    Sector 19 Rs.27,000 per sq. yard Rs.25,000 per sq. yard
    Sector 21A Rs.30,000 per sq. yard Rs.27,000 per sq. yard
    Sector 21B Rs.30,000 per sq. yard Rs.27,000 per sq. yard
    Sector 28 Rs.27,000 per sq. yard Rs.25,000 per sq. yard
    Sector 29 Rs.26,000 per sq. yard Rs.25,000 per sq. yard
    Sectors 30 and 31 Rs.27,000 per sq. yard Rs.24,000 per sq. yard

    How to calculate property value in Faridabad using the circle rate for stamp duty payment?

    The following steps have to be followed to calculate the value of a property in Faridabad using the circle rate:

    Step 1: Figure out the built-up area of the property.

    Step 2: Figure out the age of the property, amenities offered, etc.

    Step 3: Find out the type of the property.

    Step 4: Once the details mentioned above have been determined, you can use the formulas which are mentioned below to find the value of the property.

    • For builder floors: Property Value = Built-up area of the property (in sq. yard) x Circle rate (in Rs. per sq. yard)
    • For apartments in a housing society: Property Value = Carpet area of the property (in sq. ft.) x Circle rate (in Rs. per sq. ft.)
    • For plots: Property Value = Plot area of the property (in sq. yard) x Circle rate (in Rs. per sq. yard)
    • For independent homes built on plots: Property Value = Plot area of the property (in sq. yard) x Circle rate for the land (in Rs. per sq. yard) + Built-up area of the house (in sq. ft.) x Minimum cost of construction

    What are factors on which circle rates depend?

    The circle rates of a locality depend on a number of factors. These factors can be listed as follows:

    • The type of occupancy – residential or commercial
    • The location of the property
    • The amenities being offered with the property
    • The type of the property – flat, independent house, etc.
    • The age of the property
      

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