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.

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.

Know more about: Property Insurance in India

The Faridabad property circle rate is as follows:

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.

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.