Circle Rate in Noida

The minimum value notified by the UP government through the registrar or sub-registrar office of Noida for the registration of property transactions is known as the circle rate in Noida. The UP government sets the Noida circle rate depending on the nature of the property. Any person who wishes to register his/her property must pay the decided Noida circle rate. The Noida circle rate is also known as the guidance value. Moreover, the stamp duty is collected based on the circle rates established in a specific area.

However, before registration of any property transaction, you must be aware of the applicable circle rate in Noida sector-wise. Let’s take a closer look to understand better.

Current Circle Rate in Noida Sector Wise

The circle rate in Noida differs from one location to the next. Here is the table containing the details about the circle rate in Noida sector-wise (2020-2021).

Steps to Check Noida Circle Rates Online

You can keep a track of circle rate in Noida sector-wise with the help of the following steps.

• Step 1: In order to begin, you are required to browse the official website of the Stamp and Registration Department, UP at https://igrsup.gov.in/igrsup/defaultAction.action.

• Step 2: After accessing the site, you will see an option of ‘Evaluation List.’

• Step 3: Following that, you will be redirected to a page where you need to enter the name of the district and sub-registrar office details.

• Step 4: Thereafter submitting the details, you will be able to view the circle rate in Noida sector-wise.

Factors Affecting Circle Rates in Noida

There are multiple factors that determine circle rates in Noida. Here are the details about the same.

Property Type 

The type of property plays a major role in deciding the Noida circle rate. The circle rates in Noida are different for apartments, flats, plots, and so on. Commercial complexes are assessed at a higher rate than residential complexes by the government. In addition to these, high-rise apartment buildings with four floors or more are eligible for a 2% per-floor tax break from the government, which is nullified at 20% of the minimum amount.

Market Value and Amenities 

The most important thing considered by the UP government while making the decision on the circle rate in Noida sector-wise is the market value of any sort of property. The circle rates for group apartment complexes are significant because they provide great amenities.