Circle Rate in Noida Dec 2018

Revised Circle Rates, Current Stamp Duty Rates in Noida

  • Circle rates refer to the minimum rate notified by the government through the registrar or sub registrar office of Noida 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 Noida.

Noida Authority Circle Rate for Flats and Apartments

SectorsBuilder Flats ( per sq meter )
Sector 11, 12, 16, 16A, 16B, 22, 24, 42, 43, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 104, 107, 110, 115, 117, 118, 119, 120, 121, 130, 133, 143, 143B, 144, 150, 151, 168Rs. 40,000
Sector 14, 14A, 15A, 17, 25A, 30, 32, 35, 36, 38A, 39, 44, 50, 51, 52, 92, 93, 93A, 93B, 96, 97, 98Rs. 55,000
Sector 15, 19, 20, 21, 23, 25, 26, 27, 28, 29, 31, 33, 34, 37, 38, 40, 41, 45, 46, 47, 48, 49, 53, 55, 56, 61, 62, 82, 99, 100, 105, 108, 122, 128, 129, 131, 134, 135, 137Rs. 50,000
Sector 63A, 86, 112, 113, 116Rs. 35,000
Sector 102, 158, 162Rs. 32,000
  • Noida Circle rate for EWS Flats are Rs. Rs. 28,000 per square meter.
  • Circle rate for Shramik Flats in Noida are Rs. Rs. 25,000 per square meter.

Circle Rates in Noida for Residential Floors

Residential Floors ( per sq meter )
SectorsOn Upto 12m Road/ 12-18m Road/ 18-24 m Road/ More than 24m Road
Sector 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 22, 42, 43, 45, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 107, 110, 119, 120, 121, 123, 125, 126, 127, 128, 129, 130, 131, 132, 133, 134, 135, 136, 137, 142, 143, 143B, 144, 151, 152, 153, 154, 155, 156, 157Rs. 52,500 / Rs. 55,150 / Rs. 57,750 / Rs. 60,400
Sector 14, 14A, 15A, 16, 16A, 16B, 17, 18, 30, 35, 36, 38, 38A, 39, 44, 50, 51, 52, 94, 124Rs. 1.04 Lakh / Rs. 1.09 Lakh / Rs. 1.14 Lakh / Rs. 1.19 Lakh
Sector 15, 19, 20, 21, 23, 24, 25, 25A, 26, 27, 28, 29, 31, 32, 33, 34, 37, 40, 41, 46, 47, 48, 49, 53, 55, 56, 61, 62, 82, 92, 93, 93A, 93B, 96, 97, 98, 99, 100, 105, 108, 122Rs. 72,000 / Rs. 75,600 / Rs. 79,200 / Rs. 82,800
Sector 54, 57, 58, 59, 60, 63, 63A, 64, 65, 67, 68, 69, 80, 81, 83, 84, 85, 86, 87, 88, 89, 90, 91, 95, 101, 103, 106, 109, 111, 112, 113, 114, 116, 117, 118Rs. 44,000 / Rs. 46,200 / Rs. 48,400 / Rs. 50,600
Sector 66, 102, 138, 139, 140, 140A, 141, 145, 146, 147, 148, 149, 150, 158, 159, 160, 161, 162, 163, 164, 165, 166, 167, Noida Phase 2, NEPZRs. 40,000 / Rs. 42,000 / Rs. 44,000 / Rs. 46,000
Sector 104Rs. 44,000 / Rs. 55,150 / Rs. 57,750 / Rs. 60,400
Sector 115Rs. 44,000 / Rs. 42,000 / Rs. 44,000 / Rs. 50,600
Sector 168Rs. 52,500 / Rs. 52,500 / Rs. 57,750 / Rs. 60,400

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

  • Circle rates tend to vary across various areas of Noida 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 Noida is different from that of plots and independent houses even in the same area
  • Luxury apartments in Noida with amenities such as security, power back-up, covered car parking, open car parking, lift, swimming pool have to bear an additional loading for calculating circle rates. Maximum loading is capped at 15% of the basic value
    Covered Parking Rs. 3 Lakh
    Open Parking Rs. 1.50 Lakh
    Power Backup 3%
    Security Guard 3%
    Community Centre/Club 3%
    Swimming Pool 3%
    Gym 3%
    Lift 3%
  • In case of high rise apartments, the government allows for a floor relief at the rate of 2% per floor rise for flats on 4th floor and above. However, the maximum floor relief is capped at 20% of the basic value
  • For constructed property such as houses, bungalows, and row houses, the value of construction is linked to the age of the construction. Rate for first class RCC construction is taken as Rs. 15,000 per square meter and that for second class RCC construction is taken as Rs. 14,000 per square meter. Formula for calculating value of construction is:
    Rate of construction per square meter less (Rate of construction) multiplied by (age of construction) multiplied by 0.9 (divided by 80).

What is the stamp duty rate in Noida 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 Noida:

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

Registry Charges in Noida

  • 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 Noida you will need to pay a registration fee of Rs. 10,000 plus tax

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

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

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 plotsSum of:
  • Proportionate share in area of plot in square meter multiplied by applicable circle rate for land in the locality in Rs. per square meter
  • Built up area multiplied by minimum cost of construction in Rs. per square meter
Residential apartmentsFor Noida authority flats, EWS flats and Shramik flats, sum of:
  • Built up area of flat in square meter multiplied by applicable circle rate for flats in Rs. per square meter * (1+ total % loading for amenities) * (1 – floor relief)
  • Number of open car parking slots multiplied by Rs. 150000
  • Number of covered car parking slots multiplied by Rs. 300000
Plot
  • Area of plot in square meter multiplied by applicable circle rate for land in the locality in Rs. per square meter
House Constructed on PlotSum of:
  • Area of plot in square meter multiplied by applicable circle rate for land in the locality in Rs. per square meter
  • Built up area in square meter multiplied by per square meter construction cost adjusted for age, which is calculated as [(Rate of construction per square meter less (Rate of construction) multiplied by (age of construction) multiplied by 0.9 divided by 80)]

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 Noida
  • 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
What are NOIDA authority transfer fees payable for transfer of property in Noida records?

Property in Noida is leasehold and not freehold. The Noida authority is the owner of the property and gives out property on 90 year lease. Before sale – purchase or transfer of property, the seller must obtain a transfer permission or transfer memorandum from the Noida authority. This requirement applies to all properties built on plots allotted by the Noida authority including on flats built by private developers and builders on land allotted by Noida authority. Transfer fee or TM fee, as it is called, varies based on location of the property and is charged based on the area of the property. The charges may, at times, be almost the same as the stamp duty payable on registration of the property. Note that transfer charges payable to Noida authority are in addition to the stamp duty payable on registration. Some people argue that this amounts to double taxation.

How to obtain TM or transfer permission from Noida authority?

The seller needs to make an application with the Noida authority in prescribed format known as “Transfer Application Form” on stamp paper. The permission, once granted, is valid for six months. Transfer charges are payable alongwith the application

Sector in Noida

  • Sector 1
  • Sector 2
  • Sector 3
  • Sector 4
  • Sector 5
  • Sector 6
  • Sector 7
  • Sector 8
  • Sector 9
  • Sector 10
  • Sector 11
  • Sector 12
  • Sector 14
  • Sector 14A
  • Sector 15
  • Sector 15A
  • Sector 16
  • Sector 16A
  • Sector 16B
  • Sector 17
  • Sector 18
  • Sector 19
  • Sector 20
  • Sector 21
  • Sector 22
  • Sector 23
  • Sector 24
  • Sector 25
  • Sector 25A
  • Sector 26
  • Sector 27
  • Sector 28
  • Sector 29
  • Sector 30
  • Sector 31
  • Sector 32
  • Sector 33
  • Sector 34
  • Sector 35
  • Sector 36
  • Sector 37
  • Sector 38
  • Sector 38A
  • Sector 39
  • Sector 40
  • Sector 41
  • Sector 42
  • Sector 43
  • Sector 44
  • Sector 45
  • Sector 46
  • Sector 47
  • Sector 48
  • Sector 49
  • Sector 50
  • Sector 51
  • Sector 52
  • Sector 53
  • Sector 54
  • Sector 55
  • Sector 56
  • Sector 57
  • Sector 58
  • Sector 59
  • Sector 60
  • Sector 61
  • Sector 62
  • Sector 63
  • Sector 63A
  • Sector 64
  • Sector 65
  • Sector 66
  • Sector 67
  • Sector 68
  • Sector 69
  • Sector 70
  • Sector 71
  • Sector 72
  • Sector 73
  • Sector 74
  • Sector 75
  • Sector 76
  • Sector 77
  • Sector 78
  • Sector 79
  • Sector 80
  • Sector 81
  • Sector 82
  • Sector 83
  • Sector 84
  • Sector 85
  • Sector 86
  • Sector 87
  • Sector 88
  • Sector 89
  • Sector 90
  • Sector 91
  • Sector 92
  • Sector 93
  • Sector 93A
  • Sector 93B
  • Sector 94
  • Sector 95
  • Sector 96
  • Sector 97
  • Sector 98
  • Sector 99
  • Sector 100
  • Sector 101
  • Sector 102
  • Sector 103
  • Sector 104
  • Sector 105
  • Sector 106
  • Sector 107
  • Sector 108
  • Sector 109
  • Sector 110
  • Sector 111
  • Sector 112
  • Sector 113
  • Sector 114
  • Sector 115
  • Sector 116
  • Sector 117
  • Sector 118
  • Sector 119
  • Sector 120
  • Sector 121
  • Sector 122
  • Sector 123
  • Sector 124
  • Sector 125
  • Sector 126
  • Sector 127
  • Sector 128
  • Sector 129
  • Sector 130
  • Sector 131
  • Sector 132
  • Sector 133
  • Sector 134
  • Sector 135
  • Sector 136
  • Sector 137
  • Sector 138
  • Sector 139
  • Sector 140
  • Sector 140A
  • Sector 141
  • Sector 142
  • Sector 143
  • Sector 143B
  • Sector 144
  • Sector 145
  • Sector 146
  • Sector 147
  • Sector 148
  • Sector 149
  • Sector 150
  • Sector 151
  • Sector 152
  • Sector 153
  • Sector 154
  • Sector 155
  • Sector 156
  • Sector 157
  • Sector 158
  • Sector 159
  • Sector 160
  • Sector 161
  • Sector 162
  • Sector 163
  • Sector 164
  • Sector 165
  • Sector 166
  • Sector 167
  • Sector 168
  • Sector Noida Phase 2
  • Sector NEPZ
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