What Are the Current Circle Rates in Ahmedabad?

Current Area Wise Circle Rates in Ahmedabad 2023

Circle rates in Ahmedabad, differ based on the property type, its location, and age. Commercial properties in prime areas command the highest circle rates, whereas circle rates for agricultural land in remote regions are the lowest.

The following table shows the current circle rates for properties in different areas of Ahmedabad. Here is the detailed Ahmedabad circle rate list:

Area	Price (per sq feet)
Ambawadi	Rs 35,000
Asarwa	Rs 15,500
Bodakdev	Rs 8,350
Bapunagar	Rs 10,275

It is important to remember that in Ahmedabad, the circle rates exhibit variations across different property types, encompassing flats/apartments, plots, office spaces, and industrial areas. These diverse rates reflect the unique valuation considerations for each category within the city's real estate landscape.

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

Purpose of Circle Rates in Ahmedabad

Ahmedabad circle rate serve multiple purposes, including:

1. Estimating stamp duty and registration charges: Circle rates aid in estimating the stamp duty and registration fees that must be paid when acquiring a property.

2. Establishing the loan-to-value (LTV) ratio for LAP loans: Circle rates are utilised to establish the highest loan amount that can be obtained against a property within a LAP loan.

Is There Any Difference Between Market Rate and Circle Rate?

Yes, market and circle rates differ on various grounds:

Market Rate

• Dynamic and fluctuates based on demand and economic conditions.
• Determined by real estate agents using recent property sales data.
• Guides actual buying or selling prices in negotiations.

Circle Rate

• Fixed figures set by local government bodies.
• Used for property valuation and tax calculations.
• Primarily influences registration charges and stamp duty calculations.

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

Documents Needed to Get Circle Rates

Here are the general documents that you will need to get the circle rates in Ahmedabad:

• Copy of sale deed/title deed
• Encumbrance certificate copy
• Copy of registration documents
• Pattadar passbook copy

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

Stamp Duty and Registration Charges Breakdown

The stamp duty and registration charges in Ahmedabad are calculated as follows:

• Stamp Duty: 5% of the circle rate of the property
• Registration Charges: 1% of the circle rate of the property

What are the Factors on Which Circle Rates Depend?

The circle rates in Ahmedabad for various properties depend on a number of factors, including:

1. Market Value of the Property

The stamp duty is directly proportional to the property's market value. Higher property values result in higher stamp duty charges.

2. Nature and Location of the Property

Whether the property is residential, commercial, or industrial affects circle rates. The location of the property also depends on the location of the property. Furthermore, residential properties generally incur higher stamp duty charges than commercial or industrial properties. 

3. Size of the Property

The size of the property directly correlates with stamp duty charges. Larger properties attract higher stamp duty, while smaller ones incur comparatively lower charges.

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

4. Gender of the Buyer

Male buyers may face higher stamp duty and registration charges in Ahmedabad than their female counterparts. Female home buyers, fortunately, are exempt from registration charges.

5. Owner's Age

The age of the property owner is another pivotal factor influencing stamp duty calculations.

Conclusion

Circle rates are crucial for government oversight and revenue, aid in stamp duty calculation, and registration fees for property transactions in Ahmedabad.

For a smoother financial journey in property acquisition, contemplate opting for a secured and dependable Loan Against Property (LAP). This choice offers reliability and ease throughout the process. Hero FinCorp, your trusted financial institution, offers competitive LAP options for property-related financing requirements. Ensure manageable monthly EMIs with us and apply today!

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

Frequently Asked Questions

1. Why are circle rates important in Ahmedabad?

In Ahmedabad, circle rates are essential for computing property expenses like stamp duty and registration charges and determining Loan Against Property (LAP) limits.

2. How are circle rates calculated in Ahmedabad?

Ahmedabad's Circle rates vary based on property type, location, and age. Commercial and prime location properties typically have higher rates. Over time, circle rates decrease, reflecting property aging.

3. How to know the circle rate for my property in Ahmedabad?

Here’s how you can do it:

• Log in to Garvi Gujarat.
• On the home page, click on Jantri.
• Open the Jantri Rate page.
• Enter details such as district, taluka, village, land type, and survey number.

4. What is the registration rate in Ahmedabad?

The registration rate in Ahmedabad is 1% of the circle rate of the property. For example, if you are buying a property with a circle rate of Rs. 10 lakh, you will need to pay Rs. 10,000 in registration charges.

5. How to calculate RTO charges Gujarat?

Use the Gujarat Transport Department's RTO tax calculator by entering vehicle details to quickly determine the total RTO charges.

Disclaimer: Please note that the circle rate fees and charges provided are subject to change and may vary. We strive to maintain updated information, but these rates are not fixed and could be revised based on market conditions or regulatory requirements. Kindly contact our representatives or refer to the latest documentation for the most current and accurate fee structure.