Circle Rate in Kanpur

A circle rate is the minimum rate at which a property can be sold or transferred in a particular circle or area. This rate is the lowest price of the sale or transfer of a property that can be registered in the applicable circle.

This rate also plays a key role in helping determine your total income tax liability. So, if you plan to sell a property in Kanpur or apply for a home loan, you must know the Kanpur circle rates.

Here is a list of the latest Kanpur circle rates for different areas of the city.

Here is how you can calculate a property’s value in Kanpur using the applicable circle rate for its location.

• Step 1: Measure the property’s total built-up area in square metres

• Step 2: Determine the type of the property

• Step 3: Make a note of essential property details, including its age, the available amenities available, and more

• Step 4: Calculate the property’s value using the following formula

For instance, if the total built-up area of a property located on P Road in Kanpur is 500 square metres, then you can calculate the property’s value as follows:

Note: The Kanpur circle rate for P Road is ₹66,500 per square metre.

You can calculate the stamp duty payable on a property by multiplying the stamp duty rate applicable in the state with the property’s total sale value.

There are several factors that influence the circle rates in Kanpur. Here are some main factors.

• Location of the Property: A property’s value heavily relies on its location. This also significantly influences the circle rate for a specific area. For instance, the circle rate for one of the centrally located areas in Kanpur is likely to be higher than the corresponding rate for a rural area on the city’s outskirts.

• Type of the Property: The type of property also has an impact on the circle rate for an area. In this context, properties are usually classified as plots of land, independently built houses, and apartments.

• Occupancy Purpose of the Property: Whether you use a specific property for commercial or residential purposes also determines the circle rates for a particular area.

• Amenities in the Property: When fixing the circle rates for a particular area, the amenities available at a property are also considered. If the property has more facilities and amenities, the prices may be higher and vice versa. 

If you plan to sell a property in Kanpur or apply for a home loan to purchase a property in the city, ensure you know the circle rates in Kanpur.