The circle rate in Sector 94, Noida is also known as the ready reckoner rate or the minimum price at which a property has to be registered for buying or selling. It is determined by the state government and it varies based on the property’s location, type and infrastructure development. The circle rate is used by the government for taxation, valuation or registration purposes. In this article, we have discussed the circle rate in Sector 94, Noida, its importance and its impact on real estate.
Read also: Circle rates in Noida Sector 33
Circle rates in Sector 94, Noida
The circle rate is generally the ready reckoner rate that the state government sets for a particular property. These have eased the process of calculating the minimum buying value of the property. The circle rate is determined separately for the residential and commercial properties. These rates vary based on the location of the property, infrastructure development around the area etc. Find the circle rate in Sector 94, Noida for both residential and commercial properties below.
Circle rate in Sector 94 for residential properties
| Road length | Circle rate (per sq m) |
| 12 m to 18 m road | Rs 108,700 |
| 18 m to 24 m road | Rs 113,850 |
| 24 m road and above | Rs 119,050 |
Also read: WB extends 2% stamp duty till June 30, 2024
Circle rates in Sector 94 for commercial properties
| Plot size (sq m) | Circle rate (per sq m) |
| Up to 100 | Rs 3,15,000 |
| 100-1000 | Rs 2,59,000 |
| 1000-10000 | Rs 1,66,000 |
Why are circle rates important?
- The circle rate is an important tool that aids the urban planning of the state government. By setting low circle rates for underdeveloped areas in the city, the government can encourage infrastructure development in the area
- The circle rate was introduced in the Indian real estate market to prevent forgery and under-valuation. With this, the government sets a minimum value at which a property can be brought or sold
- The government utilises the circle rate in the calculation of stamp duty and registration charges. This in turn helps the state machinery collect the correct revenue from property transactions
Impact of circle rates on real estate demand
The circle rate impacts the real estate market of Noida in a significant way. Whenever the circle rate is high it causes an increase in the value of the property which eventually deters buyers and investors leading to a slowdown. In contrast to this, low circle rates lower the property rates thus stimulating the demand for real estate. However, excessively low rates can lead to undervaluation of the property causing a major loss to the seller. Hence, a balanced approach is necessary to sustain a healthy real estate regime.
FAQs
How to find the circle rate of property in Noida?
One can find the circle rate of property in Noida by visiting the official portal of stamp duty and registration of the state.
What is the current circle rate in Noida?
The current circle rate in Noida depends on the type of property like residential or commercial.
What is the circle rate in my area?
You can find the circle rate in your area by visiting the official portal of stamp duty and registration.
What is the circle rate of Jewar Bangar?
Presently, the circle rate of Jewar Bengar is Rs 1500 sq mt.
What is the circle rate of flats in Noida?
The circle rate of flats in Noida depends on the area and locality they are situated in.
How can I check my property circle rate in Uttar Pradesh?
You can visit the office of SRO to check the property circle rate in Uttar Pradesh.
How are registry charges calculated in Noida?
The registry charges are 1% of the entire value of the property in 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 |
