Circle Rate in Varanasi
Circle rates for commercial and residential property in Varanasi
The circle rates for commercial properties in Varanasi are usually higher than those for residential properties. Commercial spaces, such as shops and offices, are often located in high-demand areas and are intended for income generation, which increases their value.
In contrast, residential properties are priced lower to cater to individual homebuyers. However, prime residential locations may still have higher circle rates compared to less developed areas.
Circle rates for agricultural land in Varanasi
The circle rates for agricultural land in Varanasi are typically lower than those for residential or commercial properties. Agricultural land is primarily used for farming, which leads to less demand compared to urban properties. The lower demand for such land results in more affordable circle rates.
However, if the land is near developing urban areas or infrastructure projects, the circle rates might increase due to the potential for future development. Even with these factors, agricultural land generally remains less expensive than residential or commercial properties in Varanasi.
Circle rates in Varanasi according to age factor
In Varanasi, the property's age, be it commercial, residential, or agricultural, affects its circle rate. Older properties typically have lower circle rates as they often suffer from depreciation, wear and tear, and outdated features. This makes them less desirable for buyers, contributing to a decrease in their value.
On the other hand, newer properties usually command higher circle rates. Their modern amenities, enhanced infrastructure, and prime locations attract buyers, leading to increased circle rates.
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