CIRCLE RATE IN NOIDA JAN 2021

Revised Circle Rates, Current Stamp Duty Rates in Noida

 Circle rates refer to the minimum rate notified by the government through the registrar or sub registrar
office of Noida for registration of property transactions.
 Stamp duty is to be paid on the higher of the declared transaction value and the value calculated as per
circle rate chart applicable for the sector or area of Noida.

Noida Authority Circle Rate for Flats and Apartments

Sectors Builder Flats ( per
sq meter )
Sector 11, 12, 16, 16A, 16B, 22, 24, 42, 43, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 104, 40000
107, 110, 115, 117, 118, 119, 120, 121, 130, 133, 143, 143B, 144, 150, 151, 168
Sector 14, 14A, 15A, 17, 25A, 30, 32, 35, 36, 38A, 39, 44, 50, 51, 52, 92, 93, 93A, 55000
93B, 96, 97, 98
Sector 15, 19, 20, 21, 23, 25, 26, 27, 28, 29, 31, 33, 34, 37, 38, 40, 41, 45, 46, 47, 48, 50000
49, 53, 55, 56, 61, 62, 82, 99, 100, 105, 108, 122, 128, 129, 131, 134, 135, 137
Sector 63A, 86, 112, 113, 116 35000
Sector 102, 158, 162 32000
 Noida Circle rate for EWS Flats are 28000 per square meter.
 Circle rate for Shramik Flats in Noida are 25000 per square meter.

Circle Rates in Noida for Residential Floors

Residential Floors ( per sq meter )
Sectors On Upto 12m Road/
12-18m Road/ 18-24
m Road/ More than
24m Road
Sector 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 22, 42, 43, 45, 70, 71, 72, 73, 74, 75, 76, 77, 52500 / 55150 / 57750
78, 79, 107, 110, 119, 120, 121, 123, 125, 126, 127, 128, 129, 130, 131, 132, 133, / 60400
134, 135, 136, 137, 142, 143, 143B, 144, 151, 152, 153, 154, 155, 156, 157
Sector 14, 14A, 15A, 16, 16A, 16B, 17, 18, 30, 35, 36, 38, 38A, 39, 44, 50, 51, 52, 94, 1.03 Lakh / 1.09
124 Lakh / 1.14 Lakh /
1.19 Lakh
Sector 15, 19, 20, 21, 23, 24, 25, 25A, 26, 27, 28, 29, 31, 32, 33, 34, 37, 40, 41, 46, 72000 / 75600 / 79200
47, 48, 49, 53, 55, 56, 61, 62, 82, 92, 93, 93A, 93B, 96, 97, 98, 99, 100, 105, 108, 122 / 82800
Sector 54, 57, 58, 59, 60, 63, 63A, 64, 65, 67, 68, 69, 80, 81, 83, 84, 85, 86, 87, 88, 44000 / 46200 / 48400
89, 90, 91, 95, 101, 103, 106, 109, 111, 112, 113, 114, 116, 117, 118 / 50600
Sector 66, 102, 138, 139, 140, 140A, 141, 145, 146, 147, 148, 149, 150, 158, 159, 40000 / 42000 / 44000
160, 161, 162, 163, 164, 165, 166, 167, Noida Phase 2, NEPZ / 46000
Sector 104 44000 / 55150 / 57750
/ 60400
Sector 115 44000 / 42000 / 44000
/ 50600
Sector 168 52500 / 52500 / 57750
/ 60400

What does circle rate in Noida depend upon? Are the rates same across Noida?

 Circle rates tend to vary across various areas of Noida depending upon the market value of the area
and the facilities that are available in that area
  Typically, government tends to assign higher circle rate to commercial properties and lower rates for
residential properties
 Circle rates also depend upon the type of the property. Registrar value of flats and apartments in Noida
is different from that of plots and independent houses even in the same area
 Luxury apartments in Noida with amenities such as security, power back-up, covered car parking, open
car parking, lift, swimming pool have to bear an additional loading for calculating circle rates.
 Covered
MaximumParking
loading is capped at 15% of the basic value 3 Lakh
Open Parking 1.50 Lakh
Power Backup 3%
Security Guard 3%
Community Centre/Club 3%
Swimming Pool 3%
Gym 3%
Lift 3%

 In case of high rise apartments, the government allows for a floor relief at the rate of 2% per floor rise
for flats on 4th floor and above. However, the maximum floor relief is capped at 20% of the basic
value
 For constructed property such as houses, bungalows, and row houses, the value of construction is
linked to the age of the construction. Rate for first class RCC construction is taken as Rs. 15,000 per
square meter and that for second class RCC construction is taken as Rs. 14,000 per square meter.
Formula for calculating value of construction is: -Rate of construction per square meter less (Rate of
construction) multiplied by (age of construction) multiplied by 0.9 (divided by 80).

What is the stamp duty rate in Noida payable for registering property?

 Stamp duty is payable as a percentage of the higher of declared agreement value and assessed value
as per circle rate chart.
Current stamp duty rates in Noida:
Stamp Duty Rate Rates
Males 7%
Females 7%
Male and Female Joint Owners 7%

Registry Charges in Noida

 Registration charges are an additional levy over and above the stamp duty and are levied to cover the
cost of running registration offices by the government
 While registering property in Noida you will need to pay a registration fee of Rs. 10,000 plus tax

How to calculate value of a property for payment of stamp duty in Noida using circle rates?

Simply follow the following steps to calculate the value at which stamp duty is payable on purchase of
property in Noida

Step 1 – Check the built-up area of the property, its other features like floor, amenities, age of construction
and plot area
 Step 2 – Select the applicable property type from among all the listed property types (e.g., is the property a
flat or a plot or a house or a builder floor or a shop or a commercial unit)

Step 3 – Select the locality or area where the property is located from the classification available on registrar
office website or on MyLoanCare
Step 4 – Calculate the minimum assessed value as per current circle rate as below:

Builder floors built Sum of:

on independent  Proportionate share in area of plot in square meter multiplied by applicable
plots circle rate for land in the locality in Rs. per square meter
 Built up area multiplied by minimum cost of construction in Rs. per square
meter
Residential For Noida authority flats, EWS flats and Shramik flats, sum of:
apartments  Built up area of flat in square meter multiplied by applicable circle rate for flats
in Rs. per square meter * (1+ total % loading for amenities) * (1 – floor relief)
 Number of open car parking slots multiplied by Rs. 150000
 Number of covered car parking slots multiplied by Rs. 300000
Plot  Area of plot in square meter multiplied by applicable circle rate for land in the
locality in Rs. per square meter
House Constructed Sum of:
on Plot  Area of plot in square meter multiplied by applicable circle rate for land in the
locality in Rs. per square meter
 Built up area in square meter multiplied by per square meter construction cost
adjusted for age, which is calculated as [(Rate of construction per square
meter less (Rate of construction) multiplied by (age of construction) multiplied
by 0.9 divided by 80)]

What is the difference between market rate and circle rates?

 Circle rates are notified by the government and are used as reference point for payment of stamp duty
on property transaction registrations in Noida
 Market prices refer to the actual price at which property sale-purchase transactions are transacted
between buyers and sellers
 In most cases, circle rates tend to be slightly lower than market prices. However, in some cases it is
seen that the circle rates may even be higher than market prices
What are NOIDA authority transfer fees payable for transfer of property in Noida records?
Property in Noida is leasehold and not freehold. The Noida authority is the owner of the property and gives
out property on 90 year lease. Before sale – purchase or transfer of property, the seller must obtain a transfer
permission or transfer memorandum from the Noida authority. This requirement applies to all properties built
on plots allotted by the Noida authority including on flats built by private developers and builders on land
allotted by Noida authority.

Transfer fee or TM fee, as it is called, varies based on location of the property and is charged based on the
area of the property. The charges may, at times, be almost the same as the stamp duty payable on
registration of the property. Note that transfer charges payable to Noida authority are in addition to the stamp
duty payable on registration. Some people argue that this amounts to double taxation.
How to obtain TM or transfer permission from Noida authority?
The seller needs to make an application with the Noida authority in prescribed format known as
“Transfer Application Form” on stamp paper. The permission, once granted, is valid for six months. Transfer
charges are payable alongwith the application