If you plan to invest in real estate in Faridabad, you should know the circle rate. It is the minimum price for a property or land per square metre. It helps calculate the registration charges on property transactions and the stamp duty.
Read on to know the Faridabad circle rate in different areas, how to calculate the value of the property using the circle rate and more.
Here is a complete sector-wise list of Faridabad property circle rates:
Sector |
Price of plot of 500 sq. yards (per sq. m) |
Price of plot above 500 sq. yards (per sq. m) |
Sector 14 |
₹53,820 |
₹47,840 |
Sector 16 |
₹50,232 |
₹47,840 |
Sector 17 |
₹50,232 |
₹41,860 |
Sector 18 |
₹33,488 |
₹31,096 |
Sector 18 A |
₹33,488 |
₹31,096 |
Sector 19 |
₹35,880 |
₹32,292 |
Sector 21 A |
₹41,860 |
₹38,272 |
Sector 21 B |
₹41,860 |
₹38,272 |
Sector 28 |
₹41,860 |
₹35,880 |
Sector 29 |
₹38,272 |
₹33,488 |
Sector 30 |
₹38,272 |
₹33,488 |
Sector 31 |
₹38,272 |
₹33,488 |
Here are the Noida circle rates for licensed colonies:
Name of the Colony |
Collector Rates (Per sq. m.) |
Sector 79 -83 |
₹47,840 |
Sector 84-90 |
₹41,860 |
Sector 97-98 |
₹35,880 |
Ashoka Enclave |
₹41,860 |
Spring Field Colony |
₹35,880 |
Indraprastha Colony |
₹35,880 |
Durga Colony |
₹29,900 |
Here is a look into the different formulas for different categories of real estate:
Property Price = Total Plot Area * Circle Rate (both in per sq. yard)
Property Price = Total Built-up Area * Circle Rate (both in per sq. yard)
Property Price = Total Carpet Area * Circle Rate (both in sq. ft.)
Property Price = Total Plot Area (sq. yard) * Circle Rate (sq. yard) + Property built-up area (in sq. ft) * construction cost
Follow these steps to calculate the property value using the circle rate in Faridabad.
Property built-up area
Property type
Age of the property
Amenities offered on the property
Note: Use similar measurement units like yard, metre, etc., for all values to derive accurate results.
Here are some of the factors.
The rates for residential and commercial properties differ in the market. The commercial property circle rates are comparatively higher than residential ones.
If the property is in a prime location, it will have a higher price. At the same time, an underdeveloped locality will have a lower circle rate. A property situated in a central location with access to all essential and non-essential items qualifies as a prime location.
Facilities and amenities enhance the property’s value. Access to advanced and latest amenities leads to high circle rates and vice-versa.
A new property generally has a higher value than a comparatively older or second-hand property.
The type of property is another crucial factor that influences the circle rate. Apartments are comparatively cheaper than independent houses, bungalows, and other types of properties.
Circle rate helps you purchase a property at the correct price index. You should remember that it is generally lower than the market rate. If you plan to buy a property for residential purposes, it is better to go for home loans when the gap is small.
This is because the lower the gap, the more seamless the home loan procedure becomes. You can also apply for a housing loan online on Bajaj Markets portal to enjoy facilities like flexible repayment tenure, minimal interest rates, etc.
The circle rate of Faridabad depends on various factors, including the locality. For example, if you are in Sector 21B, the circle rate for a plot will be ₹41,860 per sq. m. Whereas, in Sector 14, the circle rate for the same sized plot will be ₹53,820 per sq. m.
No, the Faridabad circle rate varies for different areas. Some factors that influence the rate are the locality, distance of the property from the centre, amenities, usage, and more.
Yes, the age of the property affects the value of a property. When your property gets older, its value decreases. On the other hand, when your property is relatively new, the value is higher.
Currently, the stamp duty rates in Faridabad range between 3-7%. However, this may vary due to numerous factors. So, be sure to check the latest rate to ensure you make an informed and cost-effective decision.