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- Circle Rate
- Chandigarh
Circle Rate in Chandigarh Dec 2021
Chandigarh Circle Rate, Current Stamp Duty in Chandigarh Dec 2021
- The maximum circle rate in Chandigarh for flats and floors is ₹ 82,368 for the Sector 1 to 12, Independent Houses - Housing Board area.
- Parameters considered while deciding the circle rate in Chandigarh is type of property, market value of the area, location and infrastructure.
- Circle rates in Chandigarh refer to the Government's minimum rate through the registrar or sub-registrar office of Chandigarh for registration of property transactions.
- Stamp duty is to be paid on the higher of the declared transaction value and the value calculated as per the circle rate chart applicable for the sector or area of Chandigarh.
- Circle rates are also termed as Ready Reckoner (RR) Rate or Guidance Value (GV) or Stamp Duty Value or Government Value or Floor Price.
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What are Circle Rates in Chandigarh?
Circle rates refer to the minimum rate notified by the Government through the registrar or sub-registrar office of Chandigarh for registration of property transactions. In Chandigarh, the maximum circle rate is ₹ 82,368 for the Sector 1 to 12, Independent Houses - Housing Board area. While fixing the circle rate Chandigarh administration takes care of several parameters like type of property, the market value of the location, and the current infrastructure situation.
Circle Rate Chandigarh for Residential Plots
| Area Name | Residential Plots (Per Square Yard) |
|---|---|
| Sector 1 to 12 | ₹ 82,368 |
| Sector 14 to 37 | ₹ 78,250 |
| Secotor 38 onwards | ₹ 74,131 |
| Shivalik Enclave | ₹ 51,480 |
| Dhanas Milk Colony | ₹ 51,480 |
Chandigarh Circle Rate for Flats and Floors
| Area Name | Flats and Floors (Per Square Yard) |
|---|---|
| Independent Houses - Housing Board | ₹ 82,368 |
| Ground Floor Flats | ₹ 30,888 |
| 1st Floor Flats | ₹ 24,024 |
| 2nd Floor Flats | ₹ 17,160 |
| 3rd Floor Flats | ₹ 10,296 |
FAQs
✅What are the registry charges in Chandigarh?
Registry charges in Chandigarh are 7% of the property's market value, and stamp duty is charged at 1%.
✅How is stamp duty calculated for circle rate Chandigarh?
Stamp duty charges are calculated based on the property's value & current stamp duty charges applicable as per your gender. The amount of stamp duty is charged for every state and territory.
✅Why is stamp duty expensive in Chandigarh?
The higher the property value higher the stamp duty because stamp duty is based on the property's market value. GST is also charged on the stamp duty.
✅Which is the best sector in Chandigarh?
Sector 5 and sector 8 are the best sectors of Chandigarh because one is the VVIP area and other is called the Mini Las Vegas of the town. The other posh sectors are sector 9, 10, 11, 16, and 33.
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