Circle Rates in Noida

Circle rate in Noida is the Uttar Pradesh government's minimum notified property value per square metre, used to work out stamp duty and registration charges. A property cannot be registered below this floor value, whatever price the buyer and seller agree. Confirm the current rate for your sector via the official IGRSUP portal before a purchase. 

Animated SVG

Current Circle Rates in Noida

Noida, short for New Okhla Industrial Development Authority, is a separate city in Uttar Pradesh's Gautam Buddh Nagar district from neighbouring Greater Noida, which falls under the distinct Greater Noida Industrial Development Authority. The two areas carry different circle rates, so a Noida property should never be valued using Greater Noida's rate list, or vice versa. 

These are the circle rates in Greater Noida, based on square metres:

Circle Rates of Residential Plots in Noida

Noida's residential plot circle rates are notified by sector group and rise with the width of the abutting road:

Noida's circle rates are notified by the Uttar Pradesh Stamps and Registration Department (IGRSUP) and the Gautam Buddh Nagar district administration as Sub-Registrar office schedules rather than a single searchable table; the most recent such document available on the district portal is dated 2019, and secondary sources disagree on whether a newer schedule has since taken effect. These sector-wise figures are compiled from real-estate and financial industry sources and could not be confirmed against the official IGRSUP portal or Noida Authority. 

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

You can calculate how much stamp duty you will have to pay based on your property value using the circle rate. For this, follow the steps given below:

Steps for calculating the property value:

  1. Calculate the age of the property, built-up area, plot area, floor, amenities, etc.
  2. Select what type of property it is (residential/commercial/house/apartment/builder floor/residential plot, etc.)
  3. Select the locality
  4. Calculate the minimum assessed value as per the circle rates given above

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)

Stamp duty and registration charges are calculated on whichever is higher: the agreed transaction value or the circle rate. In Uttar Pradesh, stamp duty currently stands at 7% of this value for male buyers and 6% for female buyers (on up to Rs.10 lakh of the transaction value), plus a flat 1% registration charge, so factoring in the applicable circle rate helps you budget for these costs upfront.

What Does Circle Rate in Noida Depend Upon?

The circle rate in Noida depends on a variety of factors such as those given below:

  1. Whether it is a commercial or residential property
  2. Whether it is a luxury apartment and the amenities it has
  3. The different areas in Noida
  4. Whether it is a plot or independent house

City Based Circle Rate Pages

FAQs on Circle Rates in Noida

1.What is circle rate in Noida?

Circle rate in Noida is the minimum government-notified property value per square metre, set by the Uttar Pradesh Stamps and Registration Department, used to calculate stamp duty and registration charges. It acts as a floor value below which a property in the city cannot ordinarily be registered, whatever price the buyer and seller agree.

2.How is circle rate in Noida different from Greater Noida's circle rate?

Circle rate in Noida is notified separately from Greater Noida because the two areas fall under different development authorities — Noida and the Greater Noida Industrial Development Authority — even though both sit within Gautam Buddh Nagar district. A rate applicable to a Greater Noida sector does not apply to a similarly numbered Noida sector. 

3.Why does the circle rate vary across different sectors of Noida?

The circle rate in Noida differs from sector to sector because it reflects factors such as connectivity, infrastructure, amenities and demand in that specific location. Premium and centrally located sectors typically carry a higher circle rate than developing or peripheral sectors. 

4.Does the circle rate in Noida differ for plots, flats and commercial property?

Yes, Noida's circle rate is notified separately for residential plots, residential flats, industrial plots and commercial property, and each category is assessed against its own rate for the relevant sector. Plot rates also vary with the width of the road the property fronts. 

5.How do I calculate property value in Noida using the circle rate?

You calculate property value in Noida by multiplying the property's built-up area in square metres by the circle rate applicable to its sector and category. You will also need to confirm the exact property type and area before applying this formula. 

6.What factors determine the circle rate in Noida?

The circle rate in Noida depends on whether the property is commercial or residential, whether it is a luxury apartment and the amenities it offers, the specific sector it falls in, and whether it is a plot or an independent house. 

7.What is the difference between circle rate and market rate in Noida?

The circle rate is the government-fixed minimum value for a property in Noida, while the market rate is the price a buyer and seller actually agree to pay. Registration is based on whichever of the two figures is higher, even if the market rate is lower. 

8.How often is the circle rate in Noida revised?

The circle rate in Noida is revised periodically by the Uttar Pradesh Stamps and Registration Department to keep it in line with prevailing property values in the city. There is no fixed annual schedule, so it is best to check the latest notified rate before a transaction. 

9.Can a property in Noida be registered below its circle rate?

No, a property in Noida generally cannot be registered below its applicable circle rate, since this figure serves as the government's minimum benchmark for stamp duty. If the agreed sale price is lower, stamp duty is still charged on the circle rate value. 

10.Can I appeal against the circle rate set for my property in Noida?

Yes, you can appeal against the circle rate set by the authorities for your Noida property if you believe it is unjustified or does not reflect prevailing market conditions. The appeal is made to the concerned Revenue Department or District Administration office. 

11.Which authority sets the circle rate in Noida?

The circle rate in Noida is set by the Uttar Pradesh state government, typically through the Stamps and Registration Department and the District Administration of Gautam Buddh Nagar, based on factors such as location, infrastructure and market demand. 

Disclaimer
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.