It is important to know the circle rates in Kanpur if you are planning to buy property in the city. Registration and stamp duty costs will be calculated based on the circle rates which are determined by the government. These are the minimum rates at which properties must be registered for government records. Circle rates in Kanpur in 2020 differ from area to area within the city based on the size and location of the property.
Here are the circle rates in Kanpur in 2020 based on the square metre:
|Area||Circle rate per sq metre|
|Sarsaul village limit to Kanpur city limit||Rs 6,600|
|Rooma village limit to Sarsaul village limit||Rs 7,700|
|Ashrafabad Road||Rs 13,200|
|Lal Bangla Road Cantonment to Harjinder Nagar Chauraha||Rs 14,000|
|150 ft Road Jajmau Factory Area||Rs 16,500|
|Jajmau Ganga Pul to Ramadevi Chauraha||Rs 17,600|
|VIP Road Meghdoot Chauraha to Elgin Mill Chauraha||Rs 33,800|
|Nai Sadak||Rs 42,300|
|GT Road||Rs 55,000|
|Mall Road||Rs 66,500|
|Meston Road||Rs 66,500|
|Moolganj Chauraha to Ghanta Ghar - Halsey Road||Rs 66,500|
|P Road||Rs 66,500|
|Harbansh Mohal Road||Rs 66,500|
|Ghantaghar Chauraha to Jareeb Chowki Chauraha||Rs 66,500|
If you are planning to buy a flat or apartment in a multistorey building in Kanpur, you would have to pay premium rates because of the various amenities available in the building. If you want to find out the circle rates in Kanpur for a particular property in a multistorey building, you can easily calculate it with the formula given below:
Part of the land ratio x land cost + flat area x building cost + common area x construction cost = circle rate.
Keep in mind that there are different valuations for different amenities such as:
|Amenity||Value in Percentage (%)|
It is helpful to know how much the property value in Kanpur will be for a property you wish to buy. An important component of the property value is the stamp duty payment.
Since the stamp duty in Kanpur is calculated based on the Kanpur circle rate, you can calculate the property value using the steps given below:
The formula for calculating the property value is as given below:
Property value = Built-up area (in square metres) x circle rate for the locality (In Rs./square metres)
The circle rate in Kanpur depends on a number of factors. Since circle rates affect the assessed value of a property during evaluation, it is important to know the circle rates before you apply for a home loan. Knowing the property cost beforehand will help you estimate the quantum of housing loan you would require.
These are the factors that determine circle rates in Kanpur:
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.