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Revised Circle Rates, Current Stamp Duty Rate in Faridabad Oct 2017

Check minimum circle rate and stamp duty payable on property registration in Faridabad

Last Updated 17th Oct 2017

What are the current latest circle rates in Faridabad?

  • Currently, circle rates in Faridabad for residential plots range from Rs. 11,000 to Rs. 40,000 per square yard
  • Current circle rates for residential floors range from Rs. 3,300 to Rs. 4,500 per square feet
  • For residential apartments, the 2017 - 18 circle rates range from Rs. 2,700 to Rs. 4,000 per square feet
  • As per the latest available notification, current circle rates for commercial properties range from Rs. 23,000 per square yard to Rs. 90,000 per square yard
  • To check the current circle rate for your chosen area in Faridabad, select the area in Faridabad whose circle rate you wish to know
Select Area

Current circle rates in Faridabad for residential, commercial property

Property Type Circle Rate
Flats, Apartments
Group Housing Society Flats Rs. 2,700 to Rs. 3,500 Per Square Feet Details
Builder Flats Rs. 3,200 to Rs. 4,000 Per Square Feet Details
Housing Board Flats Rs. 2,800 to Rs. 3,300 Per Square Feet Details
Residential Floors
In HUDA Sector Ground Floor -Rs. 4,000 to Rs. 4,300 Per Square Feet
First Floor - Rs. 3,700 to Rs. 4,000 Per Square Feet
Second Floor - Rs. 3,500 to Rs. 4,000 Per Square Feet Details
In Licenced Colony Ground Floor -Rs. 3,500 to Rs. 4,500 Per Square Feet
First Floor -Rs. 3,300 to Rs. 4,300 Per Square Feet
Second Floor - Rs. 3,300 to Rs. 4,300 Per Square Feet Details
Residential Plots
HUDA Sector upto 500 square yards Rs. 11,000 to Rs. 40,000 Per Square Yard Details
HUDA Sector more than 500 square yards Rs. 11,000 to Rs. 38,000 Per Square Yard Details
Cost of Construction - Residential Plots
Upto 5 years old construction Rs. 1,200 Per Square Feet Details
More than 5 years old construction Rs. 900 Per Square Feet Details
Commercial Plots
HUDA Sector Rs. 23,000 to Rs. 90,000 Per Square Yard Details

What is circle rate?

  • Circle rates refer to the minimum rate notified by the government through the registrar or sub registrar office of Faridabad 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 circle rate chart applicable for the sector or area of Faridabad.

What is the stamp duty rate in Faridabad payable for registering property?

  • Stamp duty is payable as a percentage of the higher of declared agreement value and assessed value as per circle rate chart.

Current stamp duty rates in Faridabad:

Stamp Duty Rate Rates
Males 7%
Females 5%
Male and Female Joint Owners 6%

What are the registration charges payable for registering property in Faridabad?

  • Registration charges are an additional levy over and above the stamp duty and are levied to cover the cost of running registration offices by the government
  • While registering property in Faridabad you will need to pay a registration fee of Slab based, upto Rs. 15000

What does circle rate in Faridabad depend upon? Are the rates same across Faridabad?

  • Circle rates tend to vary across various areas of Faridabad depending upon the market value of the area and the facilities that are available in that area
  • Typically, government tends to assign higher circle rate to commercial properties and lower rates for residential properties
  • Circle rates also depend upon the type of the property. Registrar value of flats and apartments in Faridabad is different from that of plots and independent houses even in the same area
  • Lower cost of construction is attributed for structures that are more than five years old. Proof of constriction being more than five years old has to be provided by the property owner for availing lower rates

How to calculate value of a property for payment of stamp duty in Faridabad using circle rates?

Simply follow the following steps to calculate the value at which stamp duty is payable on purchase of property in Faridabad

Step 1 – Check the built up area of the property, its other features like floor, amenities, age of construction and plot area

Step 2 – Select the applicable property type from among all the listed property types (e.g., is the property a flat or a plot or a house or a builder floor or a shop or a commercial unit)

Step 3 – Select the locality or area where the property is located from the classification available on registrar office website or on MyLoanCare

Step 4 – Calculate the minimum assessed value as per current circle rate as below:

Builder floors built on independent plots Built up area of floor*
  • Applicable circle rate for builder floors in Rs. per square yard
Residential apartments For group housing flats and licenced builder flats:
  • Built up area of flat multiply by applicable circle rate for flats in Rs. per square feet
Plot
  • Area of plot in square yard multiply by applicable circle rate for land in the locality in Rs. per square yard
House Constructed on Plot Sum of:
  • Area of plot in square yard multiply by applicable circle rate for land in the locality in Rs. per square yard
  • Built up area in square feet multiply by minimum cost of construction in Rs. per square feet

What is the difference between market rate and circle rates?

  • Circle rates are notified by the government and are used as reference point for payment of stamp duty on property transaction registrations in Faridabad
  • Market prices refer to the actual price at which property sale-purchase transactions are transacted between buyers and sellers
  • In most cases, circle rates tend to be slightly lower than market prices. However, in some cases it is seen that the circle rates may even be higher than market prices

Areas in Faridabad

  • Ashoka Enclave
  • BPTP Parklands
  • Charmwood Colony
  • Durga Builder Colony
  • Eros Colony
  • Greater Faridabad
  • Green Field Colony
  • Indraprastha Colony
  • Kant Enclave
  • Nehar Par Area
  • Sainik Colony Sector 49
  • Secror 56, 56A
  • Sector 10
  • Sector 11
  • Sector 14
  • Sector 15
  • Sector 15A
  • Sector 16
  • Sector 16A
  • Sector 17
  • Sector 18
  • Sector 18A
  • Sector 19
  • Sector 2
  • Sector 21A
  • Sector 21B
  • Sector 21C
  • Sector 21D
  • Sector 22
  • Sector 23
  • Sector 28
  • Sector 29
  • Sector 3
  • Sector 30, 31
  • Sector 37
  • Sector 4
  • Sector 45, 48
  • Sector 46
  • Sector 52
  • Sector 55
  • Sector 59
  • Sector 62
  • Sector 63
  • Sector 64
  • Sector 65
  • Sector 7
  • Sector 74
  • Sector 8
  • Sector 9
  • Spring Field Colony
  • Tigaon Sub Division
 Faridabad Circle Rate Revised

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