Circle Rate in Faridabad

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

Type of Construction	Ground floor	First floor	Second floor
Floor in licensed colonies in Neharpar within municipal limits	Rs. 3,700 per sq. ft	Rs. 3,700 per sq. ft	Rs. 3,700 per sq. ft
Floor in Old Faridabad	Rs. 3,500 per sq. ft	Rs. 3,000 per sq. ft	Rs. 2,900 per sq. ft
Floor in licensed colonies in Neharpar outside municipal limits	Rs. 3,500 per sq. ft	Rs. 3,500 per sq. ft	Rs. 3,500 per sq. ft
Sector floor in HUDA	Rs. 4,300 per sq. ft	Rs. 4,000 per sq. ft	Rs. 4,000 per sq. ft
Floor in licensed colonies in Faridabad other than in Neharpar area	Rs. 4,500 per sq. ft	Rs. 4,300 per sq. ft	Rs. 4,300 per sq. ft

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

Sectors	Price of Plot of 500 sq. yards	Price of Plot above 500 sq. yards
Sector 14	Rs. 53,820 per sq. m	Rs. 47,840 per sq. m
Sector 16	Rs. 50,232 per sq. m	Rs. 47,840 per sq. m
Sector 17	Rs. 50,232 per sq. m	Rs. 41,860 per sq. m
Sector 18	Rs. 33,488 per sq. m	Rs. 31,096 per sq. m
Sector 18 A	Rs. 33,488 per sq. m	Rs. 31,096 per sq. m
Sector 19	Rs. 35,880 per sq. m	Rs. 32,292 per sq. m
Sector 21 A	Rs. 41,860 per sq. m	Rs. 38,272 per sq. m
Sector 21 B	Rs. 41,860 per sq. m	Rs. 38,272 per sq. m
Sector 28	Rs. 41,860 per sq. m	Rs. 35,880 per sq. m
Sector 29	Rs. 38,272 per sq. m	Rs. 33,488 per sq. m
Sector 30	Rs. 38,272 per sq. m	Rs. 33,488 per sq. m
Sector 31	Rs. 38,272 per sq. m	Rs. 33,488 per sq. m

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: Measure the built-up area of the property.

Step 2: Consider the property’s age, amenities, and condition.

Step 3: Identify the type of property (builder floor, apartment, plot, or independent home).

Step 4: Use the right formula based on property type to calculate its value using the circle rate:

1. Builder floors: Property Value = Built-up area (sq. yards) × Circle rate (Rs. per sq. yard)

1. Apartments in housing societies: Property Value = Carpet area (sq. ft.) × Circle rate (Rs. per sq. ft.)

1. Plots: Property Value = Plot area (sq. yards) × Circle rate (Rs. per sq. yard)

1. Independent homes on plots: Property Value = (Plot area (sq. yards) × Circle rate for land) + (Built-up area (sq. ft.) × Minimum construction cost)

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What are factors on which circle rates depend?

Typically, the State government imposes higher circle rates on commercial properties. Various factors are considered when determining circle rates, such as the property type, area's market value, and existing infrastructure status. 

1. Property Type: Circle rates for flats and apartments in Faridabad vary from those applicable to plots and standalone houses, even if they are in the same area. 
2. Infrastructure Status: Localities within municipal limits with well-developed infrastructure generally have higher circle rates compared to areas outside municipal limits lacking proper infrastructure. 

Circle Rate in Faridabad Surpassing the Market Value 

In such a scenario, buyers have three alternatives: 

1. Option 1: Align the market value with the circle rate. 
2. Option 2: Specify the consideration value (market value) in the sales agreement and pay stamp duty and registration charges according to the prescribed circle rate. 
3. Option 3: Petition the Revenue Department to apply stamp duty and registration charges based on the market value. 

Being aware of the circle rates is crucial for property buyers as they influence the overall transaction cost. Stamp duty and registration charges during property registration are determined by the circle rate. Therefore, staying informed about the updated circle rates in Faridabad is advisable for prospective investors. 

City Based Circle Rate Pages

1. Circle Rate
2. Kanpur Circle Rates
3. Noida Circle Rates

1. Lucknow Circle Rates
2. New Delhi Circle Rates
3. Gurgaon Circle Rates

1. Agra Circle Rates
2. Dehradun Circle Rates

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FAQs on Circle Rate in Faridabad

• What factors influence circle rates in Faridabad?

  Circle rates in Faridabad are determined by the State government and are influenced by various factors. These include the type of property (such as flats, apartments, plots, or standalone houses), the prevailing market value of the area, and the existing infrastructure status of the locality. 

• What if the circle rate is lower than the market value?

  According to Section 56 (2)(x) of the Income Tax Act, the buyer is taxed on the difference if the market value of the property is less than the circular rate. While the capital gains tax on the property's circular rate will be paid by the seller of the property.

• How do circle rates differ for different property types in Faridabad?

  Circle rates vary depending on the type of property. For instance, circle rates for flats and apartments in Faridabad differ from those applicable to plots and standalone houses, even if they are located in the same area. This differentiation ensures that the circle rates reflect the specific characteristics of each property type. 

• What recourse do buyers have when the circle rate exceeds the market value in Faridabad?

  Buyers encountering a situation where the circle rate surpasses the market value of a property in Faridabad can choose from three options. Firstly, they can align the market value with the circle rate. Alternatively, they may specify the consideration value (market value) in the sales agreement and pay stamp duty and registration charges in accordance with the prescribed circle rate. Another option is to appeal to the Revenue Department, requesting stamp duty and registration charges to be based on the market value rather than the circle rate. 

• How can I pay my Faridabad stamp duty?

  Visit the eGTRAS (Online Government Receipts Accounting System) site in Haryana to make online payments for stamp duty and registration fees. Customers can generate manual and online tax and non-tax revenue using this web platform. One must register on the e-GRAS portal in order to obtain e-stamps.

• How can I purchase a home in Faridabad for less than the circular rate?

  It is not possible to purchase a property for less than the circle rate since the circle rate establishes the minimum price at which a property cannot be sold.

• How can I check the Haryana plot registry online?

  Click on the Jamabandi tab on the homepage of the Jamabandi Haryana portal, followed by clicking on the Jamabandi Nakal drop-down tab. You can conduct a search based on the owner's name, Khewat, Khasra or survey number, or the date of the mutation.