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As a resident or potential buyer in Noida, it is important to have a comprehensive understanding of the circle rate. The circle rate, also known as the collector rate or guidance value, is the minimum price at which a property can be registered in a particular area. It serves as a benchmark for property transactions and is determined by the local government authorities.
The circle rate is influenced by various factors such as location, infrastructure, amenities, and demand for properties in a specific area. It is revised periodically by the authorities to keep up with the changing market dynamics. Understanding the circle rate can help you make informed decisions when buying or selling property in Noida.
Understanding the circle rate in Noida is crucial for anyone looking to buy or sell property in the area. Factors such as location, infrastructure, amenities, and demand influence the circle rate. It is important to research the sector-wise circle rate in Noida and compare it with the circle rate in Greater Noida before making any property transactions. The circle rate also affects home loan rates and charges, and using a home loan EMI calculator can help you estimate your monthly repayments based on the circle rate. By being aware of the circle rate and its implications, you can make informed decisions and navigate the real estate market in Noida more effectively.
Greater Noida, an extension of Noida, has its own circle rate structure. While it shares similarities with Noida, there are some differences in the circle rates between the two areas. It is crucial to understand these differences when considering property transactions in Greater Noida.
In general, the circle rates in Greater Noida are slightly lower compared to Noida. This is primarily due to the difference in infrastructure development and demand. However, it is important to note that circle rates can vary within different sectors of Greater Noida as well. Some sectors may have higher circle rates due to their proximity to major highways or commercial hubs.
Before investing in Greater Noida, it is advisable to research the circle rates of different sectors and compare them with Noida to make an informed decision.
The circle rates in Greater Noida are as below-
| Location | Zone | Circle Rate (in sq m) |
|---|---|---|
| Alpha 1, Alpha 2, Gamma 1, Gamma 2, Delta-1,2,3, Beta 1, Beta 2, and Swarn Nagri | A | Rs. 32,000 |
| Omega 1, Omega 2, Omega 3, Chi 1-5, Phi Ext, P 1-8, Pi 1,2, Phi 1-4, Phi-Chi, Sector 36, Sector-37 | B | Rs. 30,000 |
| Eta 1, Eta 2, Omicron- 1A, 2, 3, Xu-1, 2, 3, Zeta-1, 2, Mu-1,2, Sigma 1-4, Psi, Sector 2, 3 | C | Rs. 26,000 |
| Sector 1, 4, 5, 6, 10, 11, 12, 16, 16B, 16C, 17, 17A, 17B, 20, 27, R4, R6, Techzone, W-5 | D | Rs. 23,100 |
| Location | Circle Rate (in sq m) |
|---|---|
| Alpha-I, Alpha-II, Beta 1, Beta 2, Gamma 1, Gamma 2 | Rs. 28,000 |
| Omega 1, Omega 2, Omega 3, Delta 1, Delta 2, Delta 3, Chi 1, Chi 2, Chi 3, Chi 4, Chi 5, Phi 1, Phi 2, Phi 3, Phi 4, Phi Chi, Pi 1, Pi 2, Pi 3, Pi 4, Pi 5, Pi 6, Pi 7, Pi 8 | Rs. 27,000 |
| Zeta 1, Zeta 2, Omicron 1, Omicron 1A, Omicron 2, Omicron 3, Xu 1, Xu 2, Xu 3, Sigma 1, Sigma 2, Sigma 3, Sigma 4, MU 1, MU 2 | Rs. 26,500 |
| Sector 1, 2, 3, 4, 5, 6, 10, 11, 12, 16, 16B, 16C, 17, 17A, 17B, 20 and 27; Techzone, Techzone 2, Techzone 5, Techzone 7 | Rs. 26,000 |
| Location | Zone | Rate per sq m (0-4,000 sq m) | Rate per sq m (4,000-8,000 sq m) | Rate per sq m (8,000-20,000 sq m) | Rate per sq m (20,000-40,000 sq m) |
|---|---|---|---|---|---|
| Ecotech-1/Extension, Sector 31, Ecotech-3, 12 | A | Rs. 20,000 | Rs. 18,000 | Rs. 16,000 | Rs. 15,000 |
| Ecotech- 2, 6 | B | Rs. 15,000 | Rs. 13,500 | Rs. 12,000 | Rs. 11,250 |
| Ecotech 4, Mahila Udhyami Park, Toy City and Udyog Vihar, Sector 16 | C | Rs. 13,000 | Rs. 11,700 | Rs. 10,400 | Rs. 9,750 |
| Ecotech 7,8, 10, 11, 15-23 | D | Rs. 10,790 | Rs. 9,300 | Rs. 7,800 | Rs. 6,300 |
| Location | Zone | Circle Rate (in sq m) |
|---|---|---|
| Alpha 1, Alpha 2, Gamma 1, Gamma 2, Beta 1, Beta 2, Delta-1,2,3 and Swarn Nagri | A | Rs. 46,190 |
| Omega 1, Omega 2, Omega 3, Chi 1-5, Phi Ext, P 1-8, Pi 1,2, Phi 1-4, Phi-Chi, Sector 36, Sector-37 | B | Rs. 44,250 |
| Eta 1, Eta 2, Omicron- 1A, 2, 3, Xu-1, 2, 3, Zeta-1, 2, Mu-1,2, Sigma 1-4, Psi, Ecotech-1, 2, 11, 12, Techzone-4 | C | Rs. 44,250 |
| R4, R6, Sector 1, 4, 5, 6, 10, 11, 12, 16, 16B, 16C, 17, 17A, 17B, 20, 27, Techzone, W-5 | D | Rs. 44,250 |
To check the property value in Greater Noida using circle rate for stamp duty payment, follow these steps-
1. Check the property’s built-up area along with features such as plot area, floor, property age, and floor.
2. Choose what type of property it is.
3. Select the type of area or locality
4. Calculate the property value using the circle rate given above with this formula,
Property Value= Built up area (in sq m.) X circle rate for the locality (in Rs./sq m.)
Several factors contribute to the determination of the circle rate in Noida. The location of the property plays a crucial role in determining its value. Properties in prime locations with good connectivity and proximity to amenities generally have higher circle rates. The infrastructure development in the area, such as roads, public transportation, and availability of basic facilities, also affects the circle rate.
The demand and supply dynamics of the real estate market in Noida are significant influencers of the circle rate. If there is high demand for properties in a particular area, the circle rate is likely to be higher. On the other hand, if there is a surplus of properties in an area, the circle rate may be lower. Additionally, the economic condition of the region and prevailing market trends can impact the circle rate.
Noida is divided into various sectors, each with its own circle rate. The circle rate varies from sector to sector based on factors such as location, amenities, and demand. It is essential to understand the sector-wise circle rate to make informed decisions when buying or selling property in a specific sector.
For example, sectors closer to the central business district or major commercial areas tend to have higher circle rates. Sectors with good connectivity to educational institutions, hospitals, and entertainment hubs also command higher circle rates. On the other hand, sectors that are still developing or have limited infrastructure may have lower circle rates.
It is advisable to research the circle rates of different sectors in Noida before finalizing any property transaction. This will help you understand the market value of the property and negotiate a fair price.
The circle rate in Greater Noida, like in any other area, is subject to periodic revisions by the authorities. These revisions are made to align the circle rates with the current market conditions and ensure fair property transactions. Therefore, it is essential to stay updated with any changes in the circle rate in Greater Noida.
The authorities may revise the circle rate based on factors such as infrastructure development, demand-supply dynamics, and prevailing market trends. It is advisable to consult local real estate experts or visit the official website of the authorities to stay informed about any changes in the circle rate.
Being aware of the changes in the circle rate can help you make better decisions when buying or selling property in Greater Noida and avoid any legal complications.
While the circle rate primarily applies to residential properties, there is also a separate circle rate for commercial properties in Noida. The commercial circle rate is determined based on factors such as location, infrastructure, amenities, and demand for commercial spaces in a specific area.
The circle rate for commercial properties in prime locations with good connectivity and proximity to commercial hubs tends to be higher. These areas attract businesses and have higher rental and purchase values. On the other hand, commercial properties in developing areas or areas with limited infrastructure may have lower circle rates.
Understanding the commercial circle rate is crucial for investors and businesses looking to set up or expand their operations in Noida. It helps in assessing the market value of commercial properties and making informed decisions.
The circle rate plays a significant role in determining the home loan rates and charges in Noida. Lenders consider the circle rate while evaluating the value of the property being mortgaged. This evaluation helps them determine the loan-to-value ratio and the interest rate applicable to the loan.
If the circle rate of a property is higher than the actual purchase price, lenders may consider the circle rate as the value of the property for loan evaluation. This can impact the loan-to-value ratio, as lenders may offer a lower percentage of the circle rate as the loan amount. Additionally, the interest rate charged by the lender may also be influenced by the circle rate.
It is important to note that each lender may have its own policies and guidelines regarding the circle rate and its impact on home loan rates and charges. Therefore, it is advisable to consult with multiple lenders and understand their specific terms and conditions before finalizing a home loan.
Calculating home loan EMIs can be a complex process, especially when the circle rate is involved. However, with the help of online home loan EMI calculators, this task becomes much easier.
To calculate home loan EMIs using the circle rate, you need to input the loan amount, interest rate, and loan tenure into the EMI calculator. The calculator will then provide you with the monthly EMI amount. However, since the circle rate may affect the loan-to-value ratio and interest rate, it is essential to consider these factors while using the EMI calculator.
By using a home loan EMI calculator, you can get an estimate of your monthly repayments based on the circle rate. This allows you to plan your finances better and make informed decisions regarding your home loan.
A home loan EMI calculator is a handy tool that helps you calculate your monthly EMIs based on the circle rate. To use the calculator effectively, follow these steps:
Input the loan amount: Enter the amount you plan to borrow from the lender. This amount should be based on the circle rate or the actual purchase price, depending on the lender's policy.
Input the interest rate: Enter the interest rate applicable to your home loan. This rate may vary depending on the lender and the loan-to-value ratio determined based on the circle rate.
Input the loan tenure: Enter the duration for which you wish to avail the home loan. This can range from a few years to several decades, depending on your repayment capacity and financial goals.
Once you have entered these details, the home loan EMI calculator will provide you with the monthly EMI amount. This amount includes both the principal and the interest component of the loan.
Using a home loan EMI calculator based on the circle rate can help you plan your finances effectively and make informed decisions regarding your home loan.
Disclaimer: The rates can vary at the discretion of the state government. Kindly check the official website for existing rates.
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