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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.

Current Circle Rate in Faridabad Sector-Wise

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

How to Calculate Property Value Using the Circle Rate for Stamp Duty Payment

Here is a look into the different formulas for different categories of real estate:

  • Plot

Property Price = Total Plot Area * Circle Rate (both in per sq. yard)

  • Builder Floors

Property Price = Total Built-up Area * Circle Rate (both in per sq. yard)

  • Housing Societies Apartments

Property Price = Total Carpet Area * Circle Rate (both in sq. ft.)

  • Independent Housing on Plots

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.

  • Step 1: Identify the following information about the property:
  1. Property built-up area

  2. Property type

  3. Age of the property

  4. Amenities offered on the property

  • Step 2: Enter the details to derive the property’s value

 

Note: Use similar measurement units like yard, metre, etc., for all values to derive accurate results.

Factors Affecting Circle Rate in Faridabad

Here are some of the factors.

  • Occupancy Pattern

The rates for residential and commercial properties differ in the market. The commercial property circle rates are comparatively higher than residential ones. 

  • Locality

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

Facilities and amenities enhance the property’s value. Access to advanced and latest amenities leads to high circle rates and vice-versa. 

  • Property Age

A new property generally has a higher value than a comparatively older or second-hand property. 

  • Property Type

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.

Conclusion

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. 

FAQs on Circle Rate in Faridabad

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.

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