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As is true of all real estate transactions, home buyers in Faridabad have to pay stamp duty and registration charges on the purchase of properties. These charges are calculated, based on the Faridabad circle rate (also known as ready reckoner rate, guidance value or collector rate in various areas), as determined by the Haryana government through the sub-registrar’s office.
Circle rate of flats in Faridabad in 2020
|Type of construction||Circle rate per sq ft|
|All group housing cooperative societies, Greater Faridabad||Rs 3,100|
|Housing board||Rs 3,400|
|Flats in licensed colonies, Faridabad||Rs 4,000|
|Flats of licensed colony – Neharpar, Greater Faridabad within municipal limits||Rs 3,400|
|Flats of licensed colony – Neharpar, Greater Faridabad outside municipal limits||Rs 3,400|
Floor-wise circle rates of property in Faridabad
Rates are per sq ft
|Type of construction||Ground floor||First floor||Second floor|
|Sector floor in HUDA||Rs 4,300||Rs 4,000||Rs 4,000|
|Floor in licensed colonies in Faridabad other than in Neharpar area||Rs 4,500||Rs 4,300||Rs 4,300|
|Floor in licensed colonies in Neharpar within municipal limits||Rs 3,700||Rs 3,700||Rs 3,700|
|Floor in Old Faridabad||Rs 3,500||Rs 3,000||Rs 2,900|
|Floor in licensed colonies in Neharpar outside municipal limits||Rs 3,500||Rs 3,500||Rs 3,500|
Circle rates in Faridabad for residential plots
|HUDA Sector plots||Rate per sq yard for plot of up to 500 sq yards (in Rs)||Rate per sq yard for plot of more than 500 sq yards (in Rs)|
|Sectors 30 and 31||27,000||24,000|
|Durga Builder Colony||20,000||20,000|
|Spring Field Colony||25,000||25,000|
|Neharpar sectors 79, 80, 81, 82, 83, 84, 85, 86, 89,90||30,000||30,000|
To get the full list of the proposed circle rates in Faridabad, click here.
Stamp duty and registration charges in Faridabad
|Ownership type||Stamp duty||Registration charges|
|Man||7%||Up to Rs 15,000|
|Woman||5%||Up to Rs 15,000|
|Joint||6%||Up to Rs 15,000|
See also: All about circle rates in Gurgaon
Calculation of stamp duty on flats in Faridabad based on circle rates
Since the area and the amenities are the single biggest factor, based on which the stamp duty is charged, you need to find out about the built-up area and the amenities in the house, to calculate stamp duty payment. Depending on the type of property – builder floor, apartment and house on plot – check the applicable circle rates in the area in which the property is located.
After that, you can calculate the minimum assessed value as per the current circle rate, using the following formula:
For apartments in a housing society
Carpet up area in sq ft x applicable circle rates
For builder floors
Built-up area in sq yard x applicable circle rates
Plot area in sq yard x applicable circle rate
For independent homes built on plots
Plot area in sq yard x applicable circle rate for land added to (+) built-up area in sq ft x minimum cost of construction
Stamp duty calculation example
Assume that Rama Devi has bought a flat in a HUDA sector in Faridabad, where the applicable circle rate is currently Rs 3,100 per sq ft. Considering that the house has a carpet area of 1,000 sq ft and the prevalent circle rates, she would register the property for Rs 31 lakhs. Now, the government will charge 5% as stamp duty on this amount, as the property is being registered in a woman’s name. This brings the stamp duty amount to Rs 1.55 lakhs. She will also have to pay an additional Rs 15,000 as registration charges. Thus, the overall cost of the property would total up to Rs 32.70 lakhs.
What is the stamp duty on property registration in Faridabad?
Stamp duty is 7% for men and 5% of the property value for women buyers.
What is the registration charge on property purchase in Faridabad?
Buyers have to pay up to Rs 15,000 as the registration charge.
What is the stamp duty rate for jointly owned properties in Faridabad?
The stamp duty for properties bought in joint names of a man and a woman in Faridabad is 6% of the property value.