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  • Circle Rate in Kanpur

    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.

    Current Circle rates in Kanpur 2020

    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
    Birhana Rs 66,500
    Ghantaghar Chauraha to Jareeb Chowki Chauraha Rs 66,500

    Circle rate for flats/apartments in multistorey buildings in Kanpur

    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.

    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 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.

    Steps 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 steps given below:

    1. Determine the property’s built-up area including data such as the age of the property, amenities available, etc.
    2. Determine the property type
    3. 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?

    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:

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

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