Circle Rate in Kanpur

 If you intend to purchase real estate in Kanpur, it is crucial to understand the circle rates. The government-determined circle rates will be used to compute the expenses of stamp duty and registration.   

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These are the lowest prices at which real estate can be registered for official documents. The size and location of the property determine the circle prices in Kanpur, which vary from one section of the city to another.  

Current Circle rates in Kanpur 

Here are the circle rates in Kanpur based on the square metre:

Area 

Circle Rates (per square metre) 

VIP Road, Meghdoot Chauraha to Elgin Mill Chauraha 

Rs.33,800 

Meston Road 

Rs.66,500 

Rooma Village to Sarsaul Village 

Rs.7,700 

Mall Road 

Rs.66,500 

Harbansh Mohal Road 

Rs.66,500 

Sarsaul Village to Kanpur City 

Rs.6,600 

Ashrafabad Road 

Rs.13,200 

Nai Sadak 

Rs.42,300 

P Road 

Rs.66,500 

GT Road 

Rs.55,500 

Circle rate for flats/apartments in multistorey buildings in Kanpur

Given the many advantages the building offers, you would have to pay more if you were going to get an apartment or flat in a multistory structure in Kanpur. The following formula can be used to quickly compute the circular rates in Kanpur for a specific property located in a multistory building:

Part of the land ratio x land cost + flat area x building cost + common area x construction cost = circle rate.

Valuations for Amenities in Multistorey Buildings

Keep in mind that there are different valuations for different amenities such as:

Amenity

Value in Percentage (%)

Parking Space

10

Swimming Pool

5

Community Centre

3

Elevator

2

Power Backup

2

Security

2

Gym

2

How to Calculate Property Value in Kanpur Using Circle Rate for Stamp Duty Payment?

It is useful to know how much a property in Kanpur will be worth if you want to purchase it. The stamp duty payment is a significant factor in the value of the property.

Process for Calculating the Property Value: 

Since the stamp duty in Kanpur is calculated based on the Kanpur circle rate, you can calculate the property value using the procedure given below: 

  1. Determine the property's built-up area including data such as the age of the property, amenities available, etc. 
  1. Determine the property type 
  1. Determine Property's locality 

Formula for calculating Property Value:

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)

What Does Circle Rate in Kanpur Depend Upon?

There are several elements that influence Kanpur's circle rate. It is crucial to know circle rates before applying for a home loan because they impact the appraised value of a property during evaluation. It will be easier for you to estimate the amount of a home loan you will need if you are aware of the property's cost beforehand.

These are the factors that determine circle rates in Kanpur:

  1. The location of the property
  2. Type of property: Apartment, independent house, or a plot of land
  3. The amenities in the property (if it is a multistorey building or in a housing society)
  4. Type of occupancy: Residential or commercial
  5. Age of the property

City Based Circle Rate Pages

  1. Circle Rate
  2. New Delhi Circle Rates
  3. Noida Circle Rates
  1. Lucknow Circle Rates
  2. Faridabad Circle Rates
  3. Gurgaon Circle Rates
  1. Agra Circle Rates
  2. Dehradun Circle Rates

Factors that Determine Circle Rate in Kanpur 

There are several elements that influence Kanpur's circle rate. It is crucial to know circle rates before applying for a home loan because they impact the appraised value of a property during evaluation. 

It will be easier for you to estimate the amount of a home loan you will need if you are aware of the property's cost beforehand. 

These are the factors that determine circle rates in Kanpur: 

  1. The location of the property 
  1. Type of property: Apartment, independent house, or a plot of land 
  1. The amenities in the property (if it is a multistorey building or in a housing society) 
  1. Type of occupancy: Residential or commercial 
  1. Age of the property 

FAQs on Circle Rates in Kanpur

  • How can I find circle rate in Kanpur?

    The following formula can be used to quickly compute the circular rates in Kanpur for a specific property located in a multistory building: The circle rate can be calculated as follows: land ratio x land cost + building cost x flat area + construction cost x common area. 

  • What does circle rate mean?

    The government sets circle rates, which are the minimum pricing at which a property can't be listed in government records. 

  • Are properties in Kanpur cheaper than Lucknow?

    The value of the property may increase depending on the locale. Prices are similar in the two cities' upscale neighbourhoods. 

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