Jharkhand offers numerous avenues for investment in real estate, especially in key cities such as Ranchi, Jamshedpur, and Dhanbad. If you are planning to invest in a house or land in Jharkhand, it is essential to know the land rates fixed by the government at the time of registration. This rate is known as the circle rate. A property buyer is required to pay the stamp duty and registration charges based on the circle rate. The circle rates are periodically revised by the state government. Usually, circle rates are higher for high-end localities and lower for other areas.
See also: Stamp duty, registration fee in Ranchi, Jharkhand
What is the circle rate in Jharkhand?
The circle rate or ready reckoner rate in Jharkhand is the minimum value at which a property should be registered in case of its transfer. When purchasing a property, the stamp duty and registration charges should be paid on the basis of circle rate or the transaction value, whichever is higher. Typically, the market rate is higher than the circle rate. According to Section 25 of the Registration Act of 1908, the documents pertaining to the registration of a deed should be provided within four months of the date of registration in Jharkhand.
Factors that impact minimum circle rate in Jharkhand
- Age of the property: The circle rate for newer properties is higher than that applicable for older buildings.
- Location of the property: Circle rates for properties in metropolitan regions are higher than properties in rural ones.
- Facilities near the property: The presence of amenities like shopping hubs, medical facilities, schools, parks, etc., impact the circle rates.
- Type of property: The circle rates vary based on the property type, such as a flat, plot or farmland.
- Usage: The circle rates will also depend on factors such as usage – whether the property is used for commercial or residential purpose.
How to find circle rates in Jharkhand?
- Visit the official website http://regd.jharkhand.gov.in/jars/website/frmNewVaDownload.aspx
- Select the district, Aanchal, Mauja and categories from the dropdown. Click on the submit button.
- A valuation table will be displayed on the screen with relevant details, such as circle rates in Jharkhand for rural agriculture, rural industrial, rural residential and rural commercial areas.
Circle rate in Ranchi, Jharkhand
| Locality Name | Price range Rs per square foot | Avg price Rs per square foot |
| Ormanjhi | 1,148 | 1,148.33 |
| Morabadi | 3,932 – 4,237 | 4,231.78 |
| Lalpur | 3,333 – 5,706 | 4,924.17 |
| Bariatu | 3,333 – 4,746 | 4,184.69 |
| Doranda | 2,791 – 4,500 | 4,500 |
| Argora | 4,609 | 4,608.7 |
| Ashok Nagar | 6,143 | 6,142.59 |
| Kokar | 3,700 | 3,700 |
| Namkum | 2,800 – 3,072 | 3,72.2 |
| Oyna | 3,497 | 3,496.86 |
| piska more | 2,963 | 2,962.96 |
| Bariatu Road | 4,077 – 4,235 | 4,235.29 |
| Hesag | 3,415 | 3,415.15 |
| Khatanga | 4,100 – 4,101 | 4,100.44 |
| Bargain Village | 4,694 | 4,694.17 |
| Karamtoli Road | 5,000 | 5,000 |
| Ekta Nagar | 4,117 | 4,117 |
Â
Circle rate in Dhanbad, Jharkhand
| Locality Name | Price range Rs per square foot | Avg price Rs per square foot |
| Nawadih | 1,704 – 2,435 | 2,344.17 |
| Pandey Muhalla | 1,559 – 2,851 | 2,204.66 |
| Jagjiwan Nagar | 2,058 – 3,147 | 2,915.7 |
| Koyla Nagar | 2,083 – 5,000 | 3,541.67 |
| Jharudih | 2,262 | 2,261.9 |
| Anugrah Nagar | 2,300 | 2,300 |
| CCWO Colony | 2,933 | 2,933.33 |
| Karmik Nagar | 2,100 – 3,077 | 2,588.46 |
| Lohar Kulli | 2,667 | 2,666.67 |
| Saraidhella | 1,542 | 1,541.67 |
| Ashok Nagar Sector 2 | 2,304 | 2,304.35 |
| Binod Nagar | 2,769 | 2,769.35 |
| Chanakya Nagar | 2,823 | 2,822.58 |
| Kasitanr | 2,100 | 2,100 |
Â
Circle rate in Jamshedpur, Jharkhand
| Locality Name | Price range Rs per square foot | Avg price Rs per square foot |
| Mango | 1,266 – 4,444 | 4,94.08 |
| Kadma | 2,778 – 6,087 | 5,500.64 |
| Adityapur | 1,656 – 4,954 | 4,624.21 |
| Sonari | 2,586 – 4,706 | 4,277.44 |
| Bistupur | 5,537 | 5,537.46 |
| Sonari Town | 3,000 – 4,150 | 3,774.93 |
| Telco Colony | 2,105 – 3,010 | 2,557.87 |
| Dimna Road | 2,350 | 2,350.43 |
| Parsudih Main Road | 2,244 – 3,111 | 2,622.22 |
| Gamharia | 2,783 – 3,225 | 3,77.54 |
| Parsudih | 2,100 – 4,869 | 3,659.89 |
| Sakchi | 6,007 | 6,007 |
| Bhalubasa | 2,889 | 2,888.89 |
| Govindpur | 3,333 | 3,333.33 |
| Baridih | 5,143 | 5,142.86 |
| Baradwari | 3,297 | 3,296.7 |
| Ghorabandha | 2,666 | 2,666 |
| Jamshedpur | 5,284 | 5,284 |
| Kapali | 3,193 | 3,193.28 |
| Uliyan | 3,360 | 3,360 |
| Adarsh Nagar | 3,818 | 3,818.18 |
| Bhatia Basti | 4,167 | 4,166.67 |
| Tamlia | 2,759 | 2,758.62 |
FAQs
What is the registration cost of a flat in Jharkhand?
The stamp duty and registration charges of a property in Jharkhand are 4% and 3%, respectively.
What is the difference between the market rate and the circle rate in Jharkhand?
The market value refers to the rate at which actual transactions take place, while the circle rate in Jharkhand refers to the lowest price at which a property can be registered.
How is the value of a property determined based on the circle rate in Jharkhand?
Property values are estimated based on the formula Property value = Built-up area (in sq metre) x circle rate for the locality (in sq metre).
Can you sell property at less than the circle rate in Jharkhand?
While one can sell a property at less than the circle rate, one must pay the stamp duty and registration charges based on the circle rate.
Who determines the circle rates in Jharkhand?
The circle rates in Jharkhand is determined by the state government or the revenue department.
On what basis is the circle rate calculated?
Circle rates are calculated by the revenue or department of the state government based on several factors, such as the usage of property, area, location, age, facilities.
| 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 |
