Vaishali in Ghaziabad is a very important residential, as well as commercial area, owing to its proximity to Delhi. It is adjacent to Kaushambi, and Patparganj, making it a popular residential area. Another reason for it to be a popular hub is its proximity to industrial areas — Sahibabad and Mohan Nagar. The area is well-connected as it’s close to the Anand Vihar Railway Station and the Delhi Metro’s Blue Line. Moreover, Vaishali is at the junction of the Delhi-Meerut Expressway and the Rajnagar extension elevated road.
See also: What is the circle rate in Vasundhara, Ghaziabad?
What are circle rates?
While buying a property, a homebuyer, or an investor should pay the stamp duty and registration charges in addition to the actual price. The stamp duty and registration charges are based on the circle rates. Circle rates are the minimum value at which a property can be registered during sale, or transfer. Circle rates are also known as ready reckoner rates or guidance value rates. The Uttar Pradesh Housing Board decides the circle rates in Ghaziabad, and these are updated from time-to-time. In the past few years, Ghaziabad has seen an increase of 10-12% in circle rates.
Circle rates in Vaishali- Residential plots
| Plot width | Plot rate per sqm |
| Upto 9m wide road | Rs. 67,000 |
| 9m to 18m wide road | Rs. 70,400 |
| Above 18m wide road | Rs. 73,700 |
Circle rates of residential plots in Vaishali are based on the width of roads.
Circle rates in Vaishali: Residential flats and floors
| Locality | Rates- flats and floors per square yard |
| Vaishali | Rs. 52,000 |
What are the factors on which circle rates in Vaishali is calculated?
- Property type:The circle rates are based on the kind of property — agricultural, non-agricultural land, residential flats, independent houses, multi-storey buildings, etc. Note, it may vary in the same locality, owing to the type of property.
- Amenities: Properties having better amenities within and around themselves will have higher circle rates.
- Infrastructure and location:All localities that have good connectivity and excellent infrastructure have high circle rates as compared to those having basic facilities. Circle rates in Vaishali is higher than in areas like Panchavati Colony, Surya Enclave, Wave City, etc.
- Demand in the realty market:In case there is high demand in the realty segment, there is a peak in circle rates.
- Growth potential: If an area shows prospect of growth with an array of projects in the pipeline, the circle rate in such areas will be higher.
How is the circle rate calculated in Vaishali?
Apart from other factors mentioned above, the age of a property has an impact on the circle rate. A multiplying factor decides the circle rate of a property, like it is lower for old properties and high for new properties.
Circle rate = Base rate + (factor * area adjustment) + (factor * zone adjustment)
Vaishali: Real estate prices
According to Housing.com, the average price for buying an apartment in Vaishali is Rs. 7,306 with the price range between Rs. 1,996 and Rs. 23,571 per square feet. If you are looking for renting a property here, the average rent is Rs. 24,621, with the price range between Rs. 5,000 and Rs. 50,000.
FAQs
How is property value calculated?
Property value = Build up area in square metres X circle rate for the locality per square metre (in Rs).
Why is circle rate important?
The property is registered with the stamp and registration department based on the circle rate.
Is Vaishali in Delhi, or Uttar Pradesh?
Vaishali is in Ghaziabad district of Uttar Pradesh.
What are the neighbouring areas of Vaishali?
Vaishali is surrounded by Indirapuram, Vasundhara, Patparganj and Kaushambi.
When can circle rate of a property go up?
The circle rate of a property goes up if the real estate market shows demand.
| 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 [email protected] |
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: [email protected]
Related Posts
The buyers’ guide to investing in upcoming locations around metros.
Your guide to buying a home in Greater Noida.
NCR’s Eastern Peripheral Expressway to be completed in 400 days.
Delhi smog makes pollution-free locations more popular with home buyers.
Greater Noida property market: An overview.
Buying an independent floor property in NCR? A checklist.
