Circle rates are the most efficient ways to determine the rate of a property in any city. These rates ensure that there is transparency in the property market. It also protects the buyer’s interest from fraudulent activities and aids in the tax collection process of the state government. Talking of the same, sector 99, Noida is one of the thriving neighbourhoods of Noida. The area is popular for its strategic location and close proximity to major state highways, and expressways.
Read also: Delhi circle rate 2023
What are circle rates?
Circle rates are basically the minimum values at which any property in any area can be sold or bought. The revenue department of the state government determines the circle rate for all the localities of any city. This circle rate is further used to calculate property taxes, stamp duty, and registration charges when buying or selling property.
Also read: Gurgaon hikes circle rate by 30%
Circle rates for residential properties in Sector 99 Noida
| Road size | Circle rate (per sq m) |
| 12 m to 18 m road | Rs 75,600 |
| 18 m to 24 m road | Rs 79,200 |
| 24 m road and above | Rs 82,800 |
Circle rates for commercial properties in Sector 99 Noida
| Plot size (sq m) | Circle rate (per sq m) |
| Up to 100 | Rs 2,87,000 |
| 100-1000 | Rs 2,40,000 |
| 1000-10000 | Rs 1,59,000 |
Why are circle rates in Sector 99 Noida important?
Circle rates in Sector 99, Noida are extremely important as it is used as a major factor in determining different rates and values. Other than this, there are several other factors that make the circle rate an important factor.
Property valuation
Circle rates serve as a benchmark for valuing properties for taxation purposes. They provide a minimum value below which a property cannot be registered. These circle rates also ensure that the government is charging fair tax and stamp duties.
Preventing tax evasion
The major reason for launching a circle rate was to prevent tax evasion. It has also helped to reduce the underreporting of property values that lead to massive losses for the seller. Thus, the authorities now use the circle rates to calculate various taxes.
Revenue generation
Circle rates play a crucial role in revenue generation for the local government. The government changes several taxes like property taxes, stamp duty, and registration charges that account for its total revenue. A pre-determined circle rate smoothens the calculation process for the local government.
Transparent transactions
Circle rates were introduced mainly to make the whole property transaction process transparent and smooth. These rates ensure that a minimum value is set for any property and it eventually reduces the chances of fraudulent activities and transactions.
About Sector 99 Noida
Sector 99 is located in Noida, one of the most rapidly growing cities in the state. The area is located in close proximity to the Noida-Greater Noida Expressway. The location offers seamless access to major IT parks, business hubs, and esteemed educational institutions. Popular sectors, Sector 46 (2.2 Km), Sector 105 (2.4 Km), Sector 104 (2.71 Km), Sector 100 (3.2 Km), Sector 47 (3.56 Km) are located closely to the sector 99.
FAQs
How to check the circle rate of property in Noida?
One has to check the circle rate of property in Noida on the official website of stamps and registration portal.
How do I check my circle rate in UP?
You can check the circle rate in UP by visiting the stamp and registration portal of Uttar Pradesh state.
What is the circle rate in Sector 99, Noida?
The circle rate in Sector 99, Noida is Rs 2,87,000 for 100 sq metres for the commercial property.
What are the category-wise circles in Noida?
The category-wise circles in Noida are divided into two parts, residential and commercial sectors.
How do you find the rate of a property?
The circle rate of a property is calculated by multiplying the build-up area in square metres with the circle rate for the locality in rupees per square metre.
What is the circle rate in Sector 99, Noida?
The circle rate in Sector 99, Noida is the minimum rate at which a property can be bought or sold.
Are circle rate different for commercial and residential property?
Yes, circle rates are different for commercial and residential properties.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
