Circle rate is the minimum value required for registration of a property denoted by individual state governments. The Uttar Pradesh government notifies circle rates in Noida through the Registrar and Sub-Registrar office in Noida.
Financial institutions consider the latest circle rate of an area or property to sanction a loan against property. Individuals should consider the circle rate of their specific region before applying.
The circle rates for Economically Weaker Section flats in Noida are Rs. 28,000 per sq. metre. Circle rates in Shramik flats in Rs. 25,000 per sq. metre.
The Noida circle rates list for other flats and apartments are mentioned in the table below.
| Noida regions | Circle rates per sq. metre (in Rs.) |
|---|---|
| Sector 14, Sector 14A, Sector 15A, Sector 17, Sector 25A, Sector 30, Sector 32, Sector 35, Sector 36, Sector 38A, Sector 39, Sector 44, Sector 50 – 52, Sector 92, Sector 93, Sector 93A, Sector 93B, Sector 96 – 98 |
55,000 |
| Sector 15, Sector 19, Sector 20, Sector 21, Sector 23, Sector 25 – 29, Sector 31, Sector 33, Sector 34, Sector 37, Sector 38, Sector 40, Sector 41, Sector 45 – 49, Sector 53, Sector 55, Sector 56, Sector 61, Sector 62, Sector 82, Sector 99, Sector 100, Sector 105, Sector 108, Sector 122, Sector 128 – 131, Sector 134, Sector 135, Sector 137 |
50,000 |
| Sector 11, Sector 12, Sector 16, Sector 16A, Sector 16B, Sector 11, Sector 12, Sector 16, Sector 16A, Sector 16B, Sector 22, Sector 24, Sector 42, Sector 43, Sector 70 – 79, Sector 104, 107, Sector 110, Sector 115, Sector 117, Sector 118, Sector 119, Sector 120, Sector 121, Sector 130, Sector 133, Sector 143, Sector 143B, Sector 144, Sector 150, Sector 151, Sector 168 |
40,000 |
| Sector 63A, Sector 86, Sector 112, Sector 113, Sector 116 | 35,000 |
| Sector 102, Sector 158, Sector 162 | 32,000 |
The circle rates in Noida for residential floors are noted below.
| Sectors | Circle rate on up to 12m road (per sq. m) | Circle rate on 12 m – 18m road (per sq. m) | Circle rate on 18m – 24 m road (per sq. m) | Circle rate on above 24m road (per sq. m) |
|---|---|---|---|---|
| Noida Phase 2, NEPZ, Sector 66, Sector 102, Sector 138, Sector 139, Sector 140, Sector 140A, Sector 141, Sector 145 – 150, Sector 158, Sector 159, Sector 160 – 167 |
Rs. 40000 | Rs. 42000 | Rs. 44000 | Rs. 46000 |
| Sector 115 | Rs. 44000 | Rs. 42000 | Rs. 44000 | Rs. 50600 |
| Sector 54, Sector 57 – 60, Sector 63, Sector 63A, Sector 64 – 69, Sector 80, Sector 81, Sector 83 – 91, Sector 95, Sector 101, Sector 103, Sector 106, Sector 109, Sector 111 – 114, Sector 116 - 118 |
Rs. 44000 | Rs. 46200 | Rs. 48400 | Rs. 50600 |
| Sector 104 | Rs. 44000 | Rs. 55150 | Rs. 57750 | Rs. 60400 |
| Sector 168 | Rs. 52500 | Rs. 52500 | Rs. 57750 | Rs. 60400 |
| Sector 1 – 12, Sector 22, Sector 42, Sector 43, Sector 45, Sector 70 – 79, Sector 107, Sector 110, Sector 119 – 121, Sector 123, Sector 125 – 137, Sector 142, Sector 143, Sector 143B, Sector 144, Sector 151 - 157 |
Rs. 52500 | Rs. 55150 | Rs. 57750 | Rs. 60400 |
| Sector 15, Sector 19, Sector 20, Sector 21, Sector 23 – 25, Sector 25A, Sector 26 – 29, Sector 31 – 34, Sector 37, Sector 40, Sector 41, Sector 46 – 49, Sector 53, Sector 55, Sector 56, Sector 61, Sector 62, Sector 82, Sector 92, Sector 93, Sector 93A, Sector 93B, Sector 96 – 100, Sector 105, Sector 108, Sector 122 |
Rs. 72000 | Rs. 75600 | Rs. 79200 | Rs. 82800 |
| Sector 14, Sector 14A, Sector 15A, Sector 16, Sector 16A, Sector 16B, Sector 17, Sector 18, Sector 30, Sector 35, Sector 36, Sector 38, Sector 38A, Sector 39, Sector 44, Sector 50, Sector 51, Sector 52, Sector 94, Sector 124 |
Rs. 1,03,000 | Rs. 1,09,000 | Rs. 1,14,000 | Rs. 1,19,000 |
The factors which affect Noida circle rates are -
The Uttar Pradesh government issues a higher circle rate for commercial units compared to residential units.
Individuals with luxury apartments with amenities such as parking lot, lift, swimming pool, security guard, etc. need to pay an additional charge to evaluate individual circle rates. Charges for individual amenities are given below.
| Amenities | Charge |
|---|---|
| Lift | 3% |
| Security guard | 3% |
| Community Centre or Club | 3% |
| Swimming pool | 3% |
| Gym | 3% |
| Power backup | 3% |
| Open parking | Rs. 1.5 Lakh |
| Covered parking | Rs. 3 Lakh |
The maximum limit for extra charges is capped at 15%.
There are other factors which affect the circle rate for individual properties. These are –
Value of construction = Rate of construction * age of construction * 0.9
Individuals should also consider the circle rates of their property before applying for a property loan.
Stamp value is the higher of the circle rate for a particular region or housing unit and transaction value of a property. Stamp duty is calculated as a percentage of the stamp value. It is a tax which the buyer of a property needs to pay to formalise the purchase with the Uttar Pradesh Government.
The current stamp duty rate in Noida is 7% for all types of owner – male, female, joint owners.
A homeowner needs to pay a registration fee to register his/her property with the local municipal body. The registration fee in Noida is Rs. 10,000 excluding tax.
Valuation of property using circle rates is done in the following ways –
I. Builder floors on independent plots
[Area of the plot (sq. metre) x applicable circle rate (per sq. metre)] + [built-up area x minimum cost of construction]
II. Residential apartments – Noida authority flats, Shramik flats, and EWS flats
[Built-up area (sq. m) x applicable circle rate (per sq. m) x (1 + amenity charge) x (1 – floor relief)] + [Number of open parking lots x 150000] + [Number of closed parking lot x 300000]
III. Plot
Plot area (sq. m) x applicable circle rate (per sq. m)
IV. Independent house
[Plot area x applicable circle rate (per sq. m)] + [Built-up area (sq. m) x Adjusted cost for age] Adjusted cost for age = Rate of construction (per sq. m) x 0.9 x age of construction
Transfer fees are payable by the seller during purchase or sale of a property. Properties in Noida are on leasehold. The Noida authority leases plots for 90 years. When transferring or selling a property, the seller needs to acquire transfer permission or memorandum from the authoritative body. Transfer fee varies from one locality to another.
The seller should file an application to the Noida authority with the Transfer Application Form. It is to be submitted on a stamp paper along with the transfer fees. An application grant is legitimate for 6 months.
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