Circle rates are the minimum value at which a property can be registered in Sector 47, Noida. The circle rates are determined by the state government and these are subjected to revision from time to time based on the prevailing market conditions. Similarly, the circle rates of Sector 47, Noida are revised to ensure that is aligned with current market trends. The circle rates of an area are used to determine the registration cost and ensure that a fair deal is carried out between the buyer and seller.
See also: Circle rate in Sector 99, Noida
Circle rate in Sector 47, Noida
The government authorities have prescribed the circle rates separately for sector 47, Noida. The following section can be checked to know about the locality-wise circle rates.
Circle rates of Sector 47 Noida for residential properties
| Road width | 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 of Sector 47 Noida for commercial properties
| 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 |
Factors affecting the circle rate in Noida
Location
Prime and well-developed areas often have higher circle rates compared to less developed regions in Noida.
Market demand
High demand for properties in a specific area tends to drive up circle rates. If a particular location is considered a real estate hotspot then this leads to an uptick in the rates.
Infrastructure development
If the area is subjected to high infrastructural development, then a steep rise is seen in the circle rates.
Government policies
Changes in government policies and regulations also affect the circle rate in Sector 47. A rise in the price of stamp duty rates or registration charges impacts the circle rate accordingly.
Market trends
Market trends play the most crucial role when determining the circle rates of an area. If the market is thriving and growing then the circle rate will rise and vice versa.
About Sector 47, Noida
Sector 47, Noida is located in the Gautam Buddha Nagar district of UP. The area is one of the most preferred locations due to its seamless connectivity to major roads like the Noida-Greater Noida expressway, Sector 76 metro station, NSEZ metro station and Golf Course metro station. Additionally, the location also enjoys developed infrastructure with close proximity to upscale malls, high-end residential projects, educational institutes and healthcare facilities. All of these factors contribute together for an annual appreciation rate of 7 to 9% making it an attractive investment option for investors.
FAQs
How to check the circle rate of property in Noida?
Visit the official website of the stamp and registration department of Noida to check the circle rate.
What is the current circle rate in Noida?
The current circle rate in Noida starts from Rs 75,000 for 12 m to 18 m road for a residential locality.
What is the circle rate in my area?
You can find this by visiting the stamp and registration department portal of your city.
How do I check my circle rate in UP?
You can visit the official website of the stamp and registration department of Noida to check the circle rate in UP.
What is the circle rate of flats in Noida?
The circle rate of flats in Noida is the minimum price at which the property can be brought or sold.
How do you find the rate of a property?
You can use the circle rate to find the rate of a property.
What factors affect the circle rate in Sector 47, Noida?
Factors like property type, location and market demand affects the circle rate in Sector 47, Noida.
| 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 |
