Circle rate in Noida

The circle rates in Noida are especially crucial to those looking to mortgage or buy real estate. This is because financial institutions consider the latest circle rate of an area or property to sanction a property loan. For an idea of the rates across different sectors in Noida, take a look at the following tables.

Circle rates in Noida for flats and apartments

The circle rates for flats accessible by those categorised under the economically weaker section in Noida are Rs. 28,000 per sq. metre., and the circle rates for Shramik flats are Rs. 25,000 per sq. metre. Besides these, the circle rates for other flats and apartments are mentioned in the table below.

Circle rates for residential floors in Noida

The circle rates in Noida for residential floors are as follows:

Areas in Noida

Factors affecting circle rates in Noida

The factors which affect Noida circle rates are:

• The market value of a sector or property
• The amenities available in an area or property
• Type of property - flat, apartment, plot, individual housing units, etc

The Uttar Pradesh government issues a higher circle rate for commercial units compared to residential units.

Understanding the circle rates in Noida is not just about property transactions—it is also the key to unlocking financial opportunities. Did you know your property’s value based on these rates could help you secure a loan against property? Whether it is for business expansion, higher education, or a dream project, this financing option can turn your real estate into a powerful financial resource. Get loan of up to Rs. 10.50 crore against your property within 72 hours* of the approval.

Details on luxury apartment rates in Noida

Those owning 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.

The maximum limit for extra charges is capped at 15%.

How to calculate property value using circle rates in Noida?

To determine the property value using circle rates in Noida, you should multiply the prevailing circle rate by the property's area. For example, if the circle rate is Rs. 5,000 per sq.ft and your property spans 1,000 sq.ft, the calculated value would amount to Rs. 50 lakh. Accurate calculations often involve zone-specific rates as set by authorities.

The latest circle rates in Noida do not just define property value—they can also determine your borrowing capacity. If you own property in a prime sector, why let it sit idle? Leverage its value to secure a loan against property. With competitive interest rates and flexible repayment terms, you can use this financial tool for any major expense while retaining ownership. Get a loan against property with competitive interest rates and meet your immediate expenses without hassle.

Other factors affecting circle rates in Noida

There are other factors which affect the circle rate for individual properties. These are:

• Floor relief of 2% per floor for high rise buildings over 4 storeys (capped at 20%)
• Age of property (for constructed units)
• The rate for second-class RCC construction is Rs. 14,000 per sq. metre and the rate for first-class RCC construction is Rs. 15,000 per sq. metre

Value of construction = Rate of construction * age of construction * 0.9

With Noida’s circle rates rising across sectors, your property’s value is also on the rise. But did you know it can be more than an asset? Opting for a loan against property allows you to monetise its worth while continuing to enjoy its benefits. It’s a smart way to fund large expenses like weddings, healthcare, or business investments without selling your property. Get loan of up to Rs. 10.50 crore against your property within 72 hours* of the approval.

Why are Noida circle rates important?

Noida circle rates are crucial as they set a minimum benchmark for property transactions, ensuring fair property valuation and preventing underreporting of property prices. They provide transparency and stability in the real estate market, guiding both buyers and sellers. Additionally, the Noida extension circle rate helps maintain uniformity in property valuation, reflecting the area's real estate demand and infrastructure development.

Whether it is a luxury apartment with a lift and gym or a high-rise flat in a bustling Noida sector, the calculated value based on circle rates can be your financial safety net. A loan against property lets you access funds up to a substantial portion of your property’s worth, giving you the freedom to achieve your aspirations without financial strain. Get a loan of up to Rs. 10.50 crore with the option of interest-only EMIs during the initial tenure.

What is the difference between market value and circle rate?

Market value refers to current price at which a property can be bought or sold, influenced by factors like demand, location, and property condition. On the other hand, circle rate is minimum value at which a property should be registered in the government records. It's a benchmark set by the government to prevent underreporting of property sale prices. In the context of Noida, circle rate in Noida sector wise acts as a standard for property registration, while market value can fluctuate based on various market conditions and negotiations.

Payable transfer fees for transfer of property in Noida
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 a memorandum from the authoritative body. Transfer fee varies from one locality to another.

Application for transfer permission
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.

Some popular circle rates list

Circle rates in Noida act as a foundation for evaluating your property’s worth. But did you know these rates could also work to your advantage when you need financing? By securing a loan against property, you can raise funds for personal or professional needs while benefiting from attractive interest rates and long repayment tenures. Get access to large funds with the flexibility to part-prepay your Flexi Loan at no extra cost.