Ghaziabad, a satellite city of Delhi, is one of the sought-after real estate destinations in the National Capital Region (NCR). With bustling industries and growth of several companies, as well as educational institutions, this region has generated employment opportunities, drawing several homebuyers. Ghaziabad’s strategic location and upcoming infrastructure developments have a positive impact on the region’s property market. Among several localities, Indirapuram is a prominent neighbourhood in Ghaziabad that offers ample residential properties for home seekers. The locality is situated along the Delhi-Meerut Expressway and enjoys good connectivity through metro and road networks. Before investing in a property, knowing the circle rates of an area enables a buyer to make an informed decision. The Uttar Pradesh government determines the property value in different localities of Ghaziabad.
See also: Circle rate in Raj Nagar, Ghaziabad
What are circle rates?
Circle rates, also known as ready reckoner rates, can be defined as the minimum property rates set by the state government, below which a property cannot be registered in the government records. Typically, the actual market rates, the price at which a property is sold, are higher than the circle rates. The government periodically revises the circle rates and calculates the values based on various factors such as:
- Location: Circle rates vary based on the location of the property. In posh areas, the property rates tend to be higher.
- Property usage: The circle rates are typically lower for residential properties compared to commercial properties.
- Amenities: The availability of transportation, infrastructure, and other amenities impact the property value in an area.
- Age of the property: The property rates also vary depending on the age of the structure.
Circle rates for residential plots in Indirapuram 2023
| Area | Up to 9 m wide (per sqm) | Width between 9 m and 18 m (per sqm) | Above 18 m wide (per sqm) |
| Indirapuram | Rs 66,000 | Rs 69,300 | Rs 72,600 |
Circle rates in Indirapuram for flats and floors
The rate of residential properties, such as flats in Indirapuram, is Rs 52,000 per square yard.
Circle rates in Ghaziabad
| Locality Name | Circle rate (per square yards) |
| NH-24 | Rs 24,000 |
| Wave City | Rs 25,000 |
| Satyam Enclave | Rs 32,000 |
| Girdhar Enclave | Rs 32,000 |
| Sahibabad | Rs 32,000 |
| Nehru Nagar 2 | Rs 35,000 |
| Nehru Nagar 3 | Rs 35,000 |
| Kavi Nagar | Rs 37,000 |
| Vasundhara | Rs 47,000 |
| Indirapuram | Rs 52,000 |
| Surya Nagar | Rs 52,000 |
| Chandra Nagar | Rs 52,000 |
| Ramprasatha | Rs 52,000 |
| Vaishali | Rs 52,000 |
| Kaushambi | Rs 57,000 |
How to check circle rates in Indirapuram?
Property owners can check the circle rates in Indirapuram by visiting the official website of the Uttar Pradesh Stamps and Registration Department and follow the below-mentioned steps.
- Go to the official website https://igrsup.gov.in/igrsup/defaultAction .
- Choose the Evaluation List, or Mulyankan Suchi option from the menu.
- Users will be directed to a new page with evaluation list details. Select the district, sub-registrar office details, etc., to view the circle rates in Ghaziabad.
Circle rates in Indirapuram: Commercial and residential real estate trends
Indirapuram is a well-planned neighbourhood located in west Ghaziabad on the National Highway-24 (NH-24). This Ghaziabad locality has strategic location advantage owing to its proximity to Delhi and Noida. Arterial roads, such as the Delhi-Meerut Expressway, Mohan Nagar Link Road and Vishwakarma Road provide easy access to Noida. Moreover, the area has good public transportation facilities, including the Delhi Metro Stations, such as Vaishali and Noida Electronic City, which are around five km from these locations. Further, with the proposed metro line connecting Noida Electronic City with Mohan Nagar in Ghaziabad, the area will witness improved connectivity. The Inter State Bus Terminus (ISBT) and Anand Vihar Railway Station are easily accessible from this location. Indirapuram is surrounded by prominent localities, such as Vijay Nagar, Sahibabad, Kaushambi, Kondli, Khora Colony, Bishanpura, Mamura, Crossing Republic, and Rajnagar Extension.
Indirapuram has a well-developed social infrastructure, including schools, hospitals, shopping malls, banks, etc. The region is also known for its employment hubs, especially IT parks such as Galaxy Business Park, Logix Cyber Park, and Spring Meadows Business Park. Owing to these factors, Indirapuram witnesses a significant demand for residential properties.
The areas in and around Indirapuram, such as Sector-62 and Sector-63, have emerged as major business hubs and IT/ITeS offices. Some of these localities are coveted hotspots for investors owing to the growth of new companies. Thus, the region also witnesses a significant demand for commercial properties.
Reasons to invest in Indirapuram
- Indirapuram has good road connectivity, including the Delhi-Meerut Expressway.
- The area has a well-developed social infrastructure, including schools, restaurants, etc.
- There are several upcoming residential projects by prominent developers.
- There are commercial hubs in the vicinity, with significant demand for commercial properties.
FAQs
How do I check my circle rate in Uttar Pradesh?
One can check the circle rates in Uttar Pradesh through the official IGRS UP website.
Which factors determine the circle rate in Ghaziabad?
The government considers factors, such as property type, market value, location, and age of the property to determine circle rates.
What are stamp duty and registration charges in Ghaziabad?
The stamp duty charges in Ghaziabad are 6%, while property registration charges are 1% of the property value.
How are circle rates in Ghaziabad calculated?
Circle rates of an apartment are calculated based on the formula: Part of the land ratio x land cost + flat area x building cost + common area x cost of construction.
Do circle rates differ from market rates?
Yes. Circle rates are determined by the state government, while market rates are generally determined by the sellers. The market rate of properties is usually higher than circle rates.
| 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] |
Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.
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