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.
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.
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 |
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.
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 |
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.
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:
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)
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:
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:
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.
The government sets circle rates, which are the minimum pricing at which a property can't be listed in government records.
The value of the property may increase depending on the locale. Prices are similar in the two cities' upscale neighbourhoods.
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