Here is the commercial circle rate in Ghaziabad:
Are you looking to invest in real estate in Ghaziabad? Remember to check the Ghaziabad circle rate to ensure you pay a fair price. The circle rate is the lowest value a property can sell for. The state government shares the circle rate list for Ghaziabad, which is used to determine the property's transaction value, home loan interest rates, and loan against property (LAP) interest rates.
| Area | Price range per sqft in Rs |
|---|---|
| Kydganj | 2,920 |
| Lukarganj | 5,143 |
| Jhusi | 1,111 – 4,024 |
| Civil Lines | 3,941 – 9,655 |
| Naini | 2,083 – 4,370 |
| Alopibagh | 6,878 |
| Dhumanganj | 4,000 |
| Jhalwa | 3,150 – 3,770 |
| Preetam Nagar | 4,000 – 4,024 |
| Sulem Sarai | 3,365 – 4,135 |
| Ashok Nagar | 6,793 |
| Dandi | 2,564 – 2,732 |
| New Mumfordganj | 5,000 – 6,977 |
| Lucknow Road | 3,300 – 3,800 |
| Allahpur | 5,978 – 6,000 |
Here are the new circle rates in Ghaziabad in 2024:
Ghaziabad circle rate list for commercial and residential plots
Circle rates vary based on the type of property you're buying. For example, the commercial circle rate in Ghaziabad is generally higher than residential properties as commercial properties have a high income-generating potential. Moreover, in 2024, the government has increased Ghaziabad's land circle rate by 10% to 20%.
Here is the Ghaziabad circle rate list for residential properties:
| Locality | Existing rate | New rate |
|---|---|---|
| Sun City, Wave City | Rs. 31,600/sq m | Rs. 36,400/sq m |
| Crossings Republik | Rs. 45,600/sq m | Rs. 52,400/sq m |
| Indirapuram, Vaishali | Rs. 69,600/sq m | Rs. 80,000/sq m |
Here is the commercial circle rate in Ghaziabad:
| Locality | Existing rate | New rate |
|---|---|---|
| Rakesh Marg, Nehru Nagar
|
Rs. 1,42,500/sq m | Rs. 1,58,500/sq m |
| Sahibabad | Rs. 1,07,600/sq m | Rs. 1,23,600/sq m |
| Gandhi Nagar | Rs. 2,02,000/sq m | Rs. 2,18,000/sq m |
| Vaishali Sectors 1-5 | Rs. 1,22,000/sq m | Rs. 1,38,000/sq m |
Circle rates for agricultural land are typically lower than commercial and residential lands. It depends on multiple factors like irrigation facilities, distance from urban areas, fertility of the soil, etc. Here is the agricultural land circle rate list for Ghaziabad:
| Location | Circle rate per hectare (in Rs.) |
|---|---|
| Akbarpur Behrampur | 5,07,15,000 |
| Bayana | 3,04,75,000 |
| Mehrauli | 5,09,45,000 |
| Sadikpur/ Kajipura | 3,04,75,000 |
Circle rates in Ghaziabad according to age factor
In Ghaziabad, a property's age significantly impacts its value and the circle rate. Rather than focusing on a fixed rate based on the property's age, the circle rate is calculated using a multiplying factor. Older properties typically have a lower multiplying factor than newer ones.
You can calculate the circle rate using this formula:
Circle Rate = Base Rate + (Factor x Area adjustment) + (Factor x Zone adjustment)
When buying real estate, you also need to pay stamp duty charges. To calculate this amount, it's important to determine the property's value using the circle rate.
To find the property value, you can use this simple formula:
Property Value = Circle Rate per square foot/meter × Total built-up area of the property
You can estimate the property's value by multiplying the Circle Rate by the total built-up area. This estimated value is then used to calculate the stamp duty, which is a percentage of the property value.
The formula for calculating property value using the circle rate for Ghaziabad is-
Property Value = Circle Rate per square foot/meter * Total built-up area of the property
The circle rate in Ghaziabad depends upon several factors, such as the property's location, type, age, etc. These factors help determine the property's value for tax and stamp duty purposes. Prime or developed areas in Ghaziabad typically have higher circle rates than those in less developed regions. For example, a property in a central, well-connected area will have a higher circle rate than one in an outer suburb.
The property type also affects the circle rate, as residential properties generally have lower rates than commercial or industrial properties. Moreover, if the property is new, it will have a higher multiplying factor, increasing its circle rate. Other factors like amenities, infrastructure, and service accessibility also influence the circle rate.
The property's age property plays a significant role in determining Ghaziabad's circle rates. While the circle rate is not fixed based on age, it is adjusted using a multiplying factor. Newer properties typically have a higher multiplying factor, leading to a higher circle rate, while older properties have a lower multiplying factor, reducing the circle rate.
As the property ages, its value decreases due to wear and tear or outdated infrastructure, making it comparatively less expensive regarding circle rates. This ensures all properties are fairly priced according to their physical condition and other amenities.
The circle rate in Ghaziabad is a crucial factor to consider when conducting real estate transactions. It serves as the minimum property valuation the government sets for taxation and stamp duty fees. The circle rate list of Ghaziabad ensures transparency and prevents the undervaluation of properties during sales and purchases. Therefore, if you're planning to buy real estate in Ghaziabad, it's essential to understand the prevailing circle rates as they directly impact the stamp duty and registration charges.
On the other hand, if you're a seller, understanding the circle rates ensures you don't undervalue your property during the transaction process, maintaining fairness in the real estate market. Circle rates also help determine the home loan eligibility and the maximum amount you can borrow.
Disclaimer: The rates can vary at the discretion of the state government. Kindly check the official website for existing rates.