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What Are the Current Circle Rates in Ghaziabad?

  • Loans Against Property
  • 09 October 2023
  • Manya Ghosh
  •    1,324
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The circle rate refers to the lowest value at which a property can sell. The circle rate in Ghaziabad differs based on factors like location, type, and property usage. A property's market value and consideration value depend on the circle rate, based on which lenders determine the Home Loan and Loan Against Property interest rates. If you own a property in Ghaziabad, you can borrow a loan against it from Hero FinCorp based on its circle rate and market value.

Circle Rates in Ghaziabad

In June 2023, the Uttar Pradesh Housing Board increased the circle rate in Ghaziabad for many townships. Depending on the area, amenities, age, type, and demand of the property, the increased circle rates will increase the real estate value in the area. Consequently, buying a property in Ghaziabad will become expensive. However, if you are a self-employed individual or an entrepreneur with a property in Ghaziabad, you can get a loan of up to Rs 7.5 Crore, based on property value, from Hero FinCorp.
Read Also: What Are the Current Circle Rates in Dehradun?

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Current Circle Rate in Ghaziabad

Do you want to know the circle rate in Ghaziabad? It largely varies based on the area where the property is located. It also depends on the type of property in question. Here is a Ghaziabad circle rate list depending on the property type and area.

Circle Rates for Multi-storey Apartments in Ghaziabad

AreaCircle Rate per sq. m. (in INR)

Vasundhara

5,200

Kaushambi

6,300

Indirapuram

5,700

Surya Nagar

5,700

Chandra Nagar

5,700

Ramprastha

5,700

Vaishali

5,700

Satyam Enclave

3,500

Kavi Nagar

4,100

Nehru Nagar 2

3,800

Nehru Nagar 3

3,800

NH24

2,600

Wave city

2,700

Girdhar Enclave

3,500

Sahibabad

3,500

Circle Rates for Agricultural Land in Ghaziabad

AreaCircle Rate per Hectare (in INR)

Akbarpur Behrampur

5,07,15,000

Bayana

3,04,75,000

Mehrauli

5,09,45,000

Sadikpur/ Kajipura

3,04,75,000

Circle Rates for Non-Agricultural Land in Ghaziabad

AreaCircle Rate per sq. m. (in INR)

Vasundhara

56,000

Kaushambi

72,000

Indirapuram

66,000

Surya Nagar

67,000

Chandra Nagar

67,000

Ramprastha

67,000

Vaishali

67,000

Panchavati Colony

46,000

Satyam Enclave

44,400

Kavi Nagar - Block A, B, E, K

60,000

Kavi Nagar - Block C, D, L

67,200

Kavi Nagar - Block F,G,H, I, J

62,400

Kavi Nagar- Block M

64,800

Surya Enclave

37,200

Ansal API

34,800

Nehru Nagar 2- Block A, B

72,000

Nehru Nagar 2 - Block C, F

67,200

Nehru Nagar 2 - Block D

66,000

Nehru Nagar 2 - Block E

60,000

Nehru Nagar 2 - Block G

38,000

Nehru Nagar 3 - Block A

62,400

Nehru Nagar 3 - Block B, E

42,000

Nehru Nagar 3 - Block D, G, H, J

66,000

Nehru Nagar 3 - Block C, F, L, M, N

72,000

Nehru Nagar 3 - Block K

78,000

NH24

30,000

Wave City

14,000

Girdhar Enclave

81,600

Sahibabad - Between Link Road and Railway Line, Area Before Link Road

84,000

Sahibabad - Area Between GT Road and Railway Line, Shyam Park Main, Om Nagar

81,600

Aditya High Street

17500

Read Also: What Are the Current Circle Rates in Delhi?

Calculation of Circle Rate as per the age of the Property in Ghaziabad

A property’s age largely affects its valuation and circle rate in Ghaziabad. Instead of a fixed rate depending on the property's age, a multiplying factor determines a property's circle rate. Usually, the multiplying factor is lower for an older property and higher for a new one. The more recent the property, the higher the multiplying factor.

Circle Rate = Base Rate + (Factor * Area Adjustment) + (Factor * Zone Adjustment)

How to Calculate the Stamp Duty and Registration Charges in Ghaziabad?

In Ghaziabad, the stamp duty and registration charges on all property transactions are as follows:

  • Stamp Duty Charges: 7% 
  • Registration Charges: 1%

These charges are payable at the time of signing the sale deed at the sub-registrar's office. You can calculate this percentage using your property’s consideration value. Rather than calculating them manually, you can also use a circle rate calculator for your Ghaziabad property.

What are the Factors on Which Circle Rates Depend?

Uttar Pradesh government considers the following factors when determining the circle rate in Ghaziabad:

  • Property Type: The circle rates differ for agricultural land, non-agricultural land, residential flats, apartments, multi-storey buildings, etc. The rates may vary for different property types within the same locality.
  • Infrastructure and Location: Localities with better infrastructure and amenities have higher circle rates than those with limited infrastructure. Good infrastructure, like connectivity, roads, commercial hubs, etc., contributes to a higher circle rate in Ghaziabad. For instance, the circle rate in Vaishali, Ghaziabad is higher than in other areas like Satyam Enclave, Girdhar Enclave, and Wave City.
  • Market Conditions: The real estate demand in Ghaziabad influences the circle rate significantly. The circle rate may increase when the demand is high.
  • Amenities: Amenities with parks, hospitals, schools, transportation options, shopping centres, etc., impact the circle rates. Better amenities in and around a property generally result in a higher circle rate.
  • Growth and Development Potential: An area’s growth potential, including planned developments, economic growth, and upcoming infrastructure projects, largely influences the circle rate. 

Uses of Circle Rates in Ghaziabad

The circle rate is the minimum value at which a property registration occurs in Ghaziabad. Calculated per sq ft or sq m of the property, they change according to the governing bodies’ latest policies and circle rate list Ghaziabad. The main use of a circle rate in Ghaziabad is to curb a property’s value under-reporting for tax evasion. By setting a property’s minimum value, the government ensures fair real estate transactions while collecting appropriate taxes. Moreover, circle rates are a major consideration in court proceedings and legal matters related to property evaluation.

Steps to Check Circle Rates in Ghaziabad Online?

Circle rates in Ghaziabad are available online in PDF format. Follow the steps below to access the circle rates online:

Step 1: Go to the official website: Ghaziabad.nic.in.

Step 2: Scroll down to the information section, where you can find the option "New Circle Rate List Ghaziabad."

Step 3: Click on the link, and you will be redirected to a new webpage with PDFs containing circle rates of different areas in Ghaziabad.

Step 4: You can search the specific locality name to view the latest circle rates.

By following these steps, you can easily access and download the latest circle rates for various localities in Ghaziabad.

Conclusion

Before making a property purchase or mortgage-related decision, check the latest circle rate in Ghaziabad to determine its actual value. It can directly impact your Loan Against Property interest rates and value. If you need money for a personal or professional purpose, apply for a Loan Against Property through Hero FinCorp and get the best loan deal based on its circle rate and market value. Staying informed and making informed decisions help you leverage your Ghaziabad property effectively.
Read Also: What Are the Current Circle Rates in Noida?

Frequently Asked Questions

1. Why are circle rates important in Ghaziabad?

The Ghaziabad circle rate list is important, as it determines the cost of the property according to its area, type, usage, and other factors. 

2. How are circle rates calculated in Ghaziabad?

The Uttar Pradesh government calculates the circle rate in Ghaziabad based on the type, location, market value, age, and amenities of the property. 

3. How do I know the circle rate for my property in Ghaziabad?

To check your property’s latest circle rate in Ghaziabad, log on to the official website of the UP Stamps and Registration Department, select the evaluation list, enter the district, sub-registrar office, and other details, and click on ‘View Details’.

4. What is the registration rate in Ghaziabad?

The rate of registration charges in Ghaziabad is 1% of the property’s value. That means if the property is worth Rs 50 Lakh, the registration charges will be Rs 50,000.

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