The circle rate in Allahabad is key to determining stamp duty and registration charges during property transactions. To calculate the property value for stamp duty, use this formula-
Property Value = Circle Rate per square foot/meter × Total built-up area of the property
Once you have the property value, you can calculate stamp duty as a percentage of this value. Remember, circle rates vary based on property type, location, and other factors, which directly impact the stamp duty payable.
Consulting with real estate developers or brokers can help you estimate a property's current market value based on circle rates.