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Circle Rate is an important concept in the real estate sector of Dehradun. It refers to the minimum value at which a property can be registered for sale or transfer. The Circle Rate is determined by the local government authorities and serves as a benchmark for property transactions. It helps in preventing underreporting or undervaluation of property prices, ensuring fair transactions and revenue generation for the government. In this comprehensive guide, we will delve into the various aspects of Circle Rate in Dehradun, including its importance, factors that influence it, and how it impacts property transactions.
To facilitate property transactions, the local government authorities in Dehradun maintain a comprehensive list of Circle Rates. This list contains the minimum rates at which properties can be registered for sale or transfer in different localities of Dehradun.
The Circle Rate list is updated periodically to capture changes in market conditions and property values. It is essential for buyers, sellers, and real estate agents to refer to the current Circle Rate list to ensure compliance with the legal requirements and to avoid any discrepancies in property transactions.
Zone | Locality | Circle rate for Multistorey apartment (per sq m) |
---|---|---|
A | Silla, Akhandwali Bhiling, Pawala Sauda Caravan Karanpur, Kaali Maati Bagda Dhoran Bagda Dhoran, Badasi Grant | Rs. 18,000 |
B | Chaandimaari, Faanduwala, Teliwala Kudkawala, Kishanpur, Morkhan Grant-II, Mohammadpur Chadamiwala, Prem Nagar, Dudhli Nagaal Jwalapur Dharamchook, Bullawala Jhabrawala, Madhowala, Khairi, Khaata | Rs. 18,500 |
C | Asthal | Rs. 21,000 |
D | Gallajvaadi, Kyarkuli Bhatta, Jhadipani | Rs. 20,000 |
E | Vilaspuri Kandali | Rs. 20,000 |
F | Kheda Mansingh Wala, Bhaaruwala, Ambiwala, Gorakhpur Maafi, Chak Banjarawala, Telpura Grant | Rs. 21,000 |
G | Chandotri, Bhagwantpur, Bhist Gaaon, Saloniwala, Salan Gaaon, Purukul | Rs. 22,000 |
Apart from residential and commercial properties, Circle Rates also apply to agricultural land in Dehradun. The Circle Rates for agricultural land are determined based on factors such as fertility, irrigation facilities, proximity to markets, and the type of crops grown in the area. The local government authorities review and revise the Circle Rates for agricultural land periodically to ensure they reflect the prevailing market conditions and the value of agricultural land. It is essential for buyers and sellers of agricultural land to be aware of the current Circle Rates to make informed decisions and comply with the legal requirements.
Zone | Locality | Circle rate for agricultural land (per sq m) |
---|---|---|
A | Silla, Akhandwali Bhiling, Pawala Sauda Caravan Karanpur, Kaali Maati Bagda Dhoran Bagda Dhoran, Badasi Grant | Rs. 1,000 |
B | Chaandimaari, Faanduwala, Teliwala Kudkawala, Kishanpur, Morkhan Grant-II, Mohammadpur Chadamiwala, Prem Nagar, Dudhli Nagaal Jwalapur Dharamchook, Bullawala Jhabrawala, Madhowala, Khairi, Khaata | Rs. 1,400 |
C | Asthal | Rs. 2,000 |
D | Gallajvaadi, Kyarkuli Bhatta, Jhadipani | Rs. 3,000 |
E | Vilaspuri Kandali | Rs. 1,500 |
F | Kheda Mansingh Wala, Bhaaruwala, Ambiwala, Gorakhpur Maafi, Chak Banjarawala, Telpura Grant | Rs. 3,500 |
G | Chandotri, Bhagwantpur, Bhist Gaaon, Saloniwala, Salan Gaaon, Purukul | Rs. 4,000 |
Circle Rates also apply to non-agricultural land in Dehradun, including residential and commercial plots. The rates for non-agricultural land are determined based on factors such as location, infrastructure development, amenities, and market demand. The local government authorities periodically review and revise the Circle Rates for non-agricultural land to keep them in line with the market conditions. Buyers and sellers of non-agricultural land should refer to the current Circle Rates to ensure fair and transparent property transactions.
Zone | Locality | Circle rate for non-agricultural land (per sq m) |
---|---|---|
A | Silla, Akhandwali Bhiling, Pawala Sauda Caravan Karanpur, Kaali Maati Bagda Dhoran Bagda Dhoran, Badasi Grant | Rs. 4,000 |
B | Chaandimaari, Faanduwala, Teliwala Kudkawala, Kishanpur, Morkhan Grant-II, Mohammadpur Chadamiwala, Prem Nagar, Dudhli Nagaal Jwalapur Dharamchook, Bullawala Jhabrawala, Madhowala, Khairi, Khaata | Rs. 4,500 |
C | Asthal | Rs. 7,000 |
D | Gallajvaadi, Kyarkuli Bhatta, Jhadipani | Rs. 6,000 |
E | Vilaspuri Kandali | Rs. 6,000 |
F | Kheda Mansingh Wala, Bhaaruwala, Ambiwala, Gorakhpur Maafi, Chak Banjarawala, Telpura Grant | Rs. 7,000 |
G | Chandotri, Bhagwantpur, Bhist Gaaon, Saloniwala, Salan Gaaon, Purukul | Rs. 8,000 |
Several factors influence the determination of Circle Rates in Dehradun. These factors include the location of the property, infrastructure development in the area, demand and supply dynamics, amenities available, and the overall market conditions. Prime locations with good connectivity and developed infrastructure tend to have higher Circle Rates compared to areas with limited amenities. Additionally, the type of property, such as residential, commercial, or agricultural, also influences the Circle Rate. The government periodically reviews and revises the Circle Rates based on these factors to ensure they are in line with the prevailing market conditions.
In Dehradun, the Circle Rate of a property can vary based on its age. The local government follows a specific calculation method to determine the Circle Rate for properties of different ages. Generally, older properties have lower Circle Rates compared to newer ones. This is due to factors such as depreciation, wear and tear, and changes in market value over time. To calculate the Circle Rate based on the age of the property, the authorities consider factors such as the year of construction, maintenance records, and any renovations or additions made to the property. It is important to consult the local government guidelines or seek professional assistance to accurately calculate the Circle Rate based on the age of the property.
Stamp duty and registration charges are additional costs associated with property transactions in Dehradun. These charges are calculated based on the Circle Rate or the actual transaction value, whichever is higher. To calculate the stamp duty and registration charges, you can use the following formula:
Stamp Duty = Circle Rate or Transaction Value (whichever is higher) * Stamp Duty Rate
Registration Charges = Circle Rate or Transaction Value (whichever is higher) * Registration Charges Rate
The stamp duty rate and registration charges rate may vary from time to time and are set by the local government authorities. It is advisable to consult the latest guidelines or seek professional advice to accurately calculate the stamp duty and registration charges for your property transaction in Dehradun.
The Circle Rate plays a crucial role in the real estate market of Dehradun. It serves as a reference point for property valuation, ensuring that properties are not sold below their actual market value. This is important for both buyers and sellers as it helps maintain transparency and fairness in property transactions. Moreover, Circle Rates also have implications for stamp duty and registration charges, which are calculated based on the property's value. By having a standardized Circle Rate, the government can collect appropriate taxes and fees, contributing to revenue generation for infrastructure development and other public services.
Circle Rates have a significant impact on property transactions in Dehradun. They ensure that properties are not undervalued or sold below their actual market value, thereby preventing tax evasion and revenue loss for the government. Circle Rates also influence stamp duty and registration charges, which are calculated based on the property's value. Higher Circle Rates result in higher stamp duty and registration charges, increasing the overall cost of property transactions. Buyers and sellers should be aware of the Circle Rates and their implications to make informed decisions and comply with the legal requirements.
Understanding Circle Rates in Dehradun is essential for anyone involved in property transactions in the city. It serves as a benchmark for property valuation, ensuring fairness and transparency in transactions. Circle Rates are influenced by factors such as location, infrastructure development, market conditions, and property age. By knowing the current Circle Rates and how they impact stamp duty and registration charges, buyers and sellers can make informed decisions and comply with the legal requirements. It is advisable to consult the local government guidelines or seek professional assistance to accurately calculate Circle Rates, stamp duty, and registration charges for property transactions in Dehradun.
Disclaimer: The rates can vary at the discretion of the state government. Kindly check the official website for existing rates.