How to Calculate Property Circle Rates in Faridabad & Category Wise Rates List
Circle Rate is the minimum value below which you cannot purchase or sell any property. Moreover, this rate determines the property's market value, which is the amount of money it would fetch if you sold it in the open market. On this note, let's have a look at the circle rates in Faridabad.
Property Circle Rates in Faridabad
The circle rate in Faridabad is the rate at which property in a particular region of Faridabad is bought or sold. It is also known as the rate on which we pay the stamp duty and registration fees, known as the ready reckoner rate. The government notifies and updates the circle rate frequently depending on the demand and supply of the land.
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What Are the Category-wise Circle Rates in Faridabad?
The Faridabad property circle rate is as follows:
The circle rate based on the type of construction is as follows -
[1]
| Type of Construction | Circle Rate |
|---|---|
| All group housing cooperative societies in Greater Faridabad | ₹3,100 per sq. mt. |
| Flats of licensed colonies located in Neharpar, Greater Faridabad, outside municipal limits | ₹3,400 per sq. mt. |
| Flats of licensed colonies located in Neharpar, Greater Faridabad within municipal limits | ₹3,400 per sq. mt. |
| Housing board | ₹3,400 per sq. mt. |
| Flats in licensed colonies located in Faridabad | ₹4,000 per sq. mt. |
The circle rates in Faridabad based on floors are -
[2]
| Type of Construction | Average Circle Rates |
|---|---|
| Floor in Old Faridabad | ₹2,900 to ₹3,500 per sq. mt. |
| Floor in licenced colonies located in Neharpar outside municipal limits | ₹3,500 per sq. mt. |
| Floor in licenced colonies located in Neharpar within municipal limits | ₹3,700 per sq. mt. |
| Sector floor in HUDA | ₹4,000 to ₹4,300 per sq. mt. |
| Floor in licenced colonies located in Faridabad other than in Neharpar area | ₹4,300 to ₹4,500 per sq. m |
| HUDA Sector Plots | Rate for Plots of up to 500 Sq. Yards | Rate for Plots of More Than 500 Sq. Yards |
| Durga Builder Colony | ₹ 20,000 per sq. yard | ₹20,000 per sq. yard |
| Indraprastha Colony | ₹ 25,000 per sq. yard | ₹25,000 per sq. yard |
| Spring Field Colony | ₹25,000 per sq. yard | ₹25,000 per sq. yard |
| Ashok Enclave | ₹32,000 per sq. yard | ₹32,000 per sq. yard |
| Neharpar Sectors 79 to 86 | ₹30,000 per sq. yard | ₹30,000 per sq. yard |
| Neharpar Sectors 89 and 90 | ₹30,000 per sq. yard | ₹30,000 per sq. yard |
| Sector 14 | ₹40,000 per sq. yard | ₹37,000 per sq. yard |
| Sector 16 | ₹38,000 per sq. yard | ₹35,000 per sq. yard |
| Sector 17 | ₹ 36,000 per sq. yard | ₹32,000 per sq. yard |
| Sector 18 | ₹27,000 per sq. yard | ₹24,000 per sq. yard |
| Sector 18A | ₹26,000 per sq. yard | ₹24,000 per sq. yard |
| Sector 19 | ₹27,000 per sq. yard | ₹25,000 per sq. yard |
| Sector 21A | ₹30,000 per sq. yard | ₹27,000 per sq. yard |
| Sector 21B | ₹30,000 per sq. yard | ₹27,000 per sq. yard |
| Sector 28 | ₹27,000 per sq. yard | ₹25,000 per sq. yard |
| Sector 29 | ₹26,000 per sq. yard | ₹25,000 per sq. yard |
| Sectors 30 and 31 | ₹27,000 per sq. yard | ₹24,000 per sq. yard |
How to Calculate Property Value Using Circle Rates in Faridabad?
Use the following steps to find out the circle rates in Faridabad.
- Step 1: Firstly, figure out the built-up area of the property.
- Step 2: Next, find out the age and amenities of the property.
- Step 3: Further, find the property type.
- Step 4: After this, use any of the formulae below and determine the property's value.
| For builder floors | Property value = Built-up area of the property (in sq. yard) x Circle rate (in ₹per sq. yard) |
|---|---|
| For apartments in a housing society | Property value = Carpet area of the property (in sq. ft.) x Circle rate (in ₹per sq. ft.) |
| For plots | Property value = Plot area of the property (in sq. yard) x Circle rate (in ₹per sq. yard) |
| For independent homes built on plots | Property value = Plot area of the property (in sq. yard) x Circle rate for the land (in ₹per sq. yard) + Built-up area of the house (in sq. ft.) x Minimum cost of construction |
What Are the Top Factors Affecting Circle Rates in Faridabad?
The circle rates of a locality depend on various factors in brief, they are -
- Type of occupancy (residential or commercial)
- Property location
- Amenities offered
- Type of property (flat or independent house)
- Property age
Circle rates in Faridabad help to determine the value of a property. Hence, it would help if you calculated them to know the stamp and registration charges before buying and selling property.
FAQs About Property Circle Rates in Faridabad
How are circle rates different from the market value?
The circle rates are different because the government sets them, whereas the market value is the actual price at which the property is sold.
Which types of constructions have the highest circle rates?
Licensed colonies have one of the highest circle rates in Faridabad.
Is calculating circle rate in Faridabad necessary before buying or selling of a property?
Circle rates in Faridabad help to understand the value of a property. Hence, it would help if you calculated them to know the stamp and registration charges before buying and selling property.