The state of Haryana has been developing at a great rate. The circle rate is different for various cities within the state and may vary within the same city. This variation results from the resources being distributed unevenly within a state and in a city. The circle rates are higher for the area that is developed more. This blog focuses on the circle rate in Haryana.
What is Circle Rate?
The Circle Rate is the lowest price that the government sets for land or buildings in a certain area. It means that when you buy or sell a property, it cannot be for less than this rate. In different parts of India, the circle rate is also called the collector’s rate, guidance value, or reckoner rate.
The Circle Rate helps decide how much tax (like stamp duty) you need to pay when buying a house or land. It stops people from selling their property for a very low price to avoid paying taxes. The state government decides this rate, and it can change from time to time based on the market.
How does Haryana Circle Rate operate?
If you want to know the circle rate for buying land in Haryana you need to visit the local office where property records are kept called the sub-registrar’s office. There, you fill out a form that gives details about the land you want to buy.
After filling out the form, the property is legally registered in your name. To become the official owner you must pay certain fees called stamp duty and registration fees. These fees are different for each area and depend on the Haryana circle rate.
People Also Read: What are Registration Charges in Haryana?
Calculating the Haryana Circle Rate
The process of calculating the Haryana Circle Rate:
- The first step is to decide on the area for which one would like to know
- The next step is to evaluate the property, to see what type of property is like residential, agricultural land, floors
- Next, one can use the formula to know the rate:
Value of the property= Built-up area (in sq. m) x circle rate for the locality ( in INR per sq. m).
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Need of Circle Rates in Haryana
- Circle rates are very important for all property transactions in Haryana. They are the minimum value set by the government for properties to calculate taxes.
- The government uses circle rates to make sure it gets enough money from property sales, which it can use to improve things for everyone in the community.
- Circle rates also affect the total cost of buying a property. They help decide how much stamp duty and registration fee a buyer has to pay. This prevents buyers from trying to lower the property’s value just to pay less tax, making sure everyone pays their fair share.
- Overall, circle rates help keep property transactions fair and ensure that all the rules and taxes are properly followed.
Factors influencing Haryana Circle Rates
The Circle Rate in Haryana depends on several things such as:
- Type of Land:
The circle rate changes based on the type of land. It is different for residential (homes) and commercial (business) properties. Usually, the circle rate is higher for commercial properties than for residential ones. - Market Value:
The market value is the price at which a property is actually sold, and it is usually higher than the circle rate. The market value tends to be higher in areas that are already developed compared to areas that are still being built. - Nearby Facilities:
The circle rate also depends on what is around the property. If a property is close to markets, schools, parks, or other useful places, the circle rate will be higher than for a property without these facilities nearby.
The various cities in Haryana state have the circle rates as shown in the table:
| Area | Circle Rate (per square meter) |
| Jhajjar | INR 8,000 – INR 20,000 |
| Palwal | INR 2,200 – INR 5,600 |
| Sirsa | INR 25,000 – INR 55,000 |
| Panipat | INR 7,000 – INR 25,000 |
| Sonipat | INR 9,400 to INR 24,500 |
| Panchkula | INR 25,000 – INR 55,000 |
| Gurugram | INR 15,000 – INR 1,50,000 |
| Faridabad | INR 12,000 – INR 90,000 |
| Rewari | INR 24,000 – INR 40,000 |
Procedure to Check Haryana Circle Rate
The step-by-step procedure to check the Haryana Circle Rate is:
- The first step is to open the official website for the Haryana Circle rate official website which is https://revenueharyana.gov.in/draft-district-collector-rates/.
- After the website is opened a list of all the districts in the state of Haryana appears.
- The next step is to click on the district where one wants to know the circle rate.
- After clicking on the district the page will be opened that showcases more detailed information of the district selected.
- After that one can view the list of all the societies and localities in the district. One can also download the list and view it easily.
Conclusion
The circle rate is a key idea in the real estate market because it helps decide the amount of stamp duty and registration fees people have to pay when buying property. Each state regularly updates its circle rates, and Haryana is no different.
Recently, the circle rates in Haryana have changed in different districts. For example, in Gurugram and Wazirabad, the rates have gone up by 5 to 10 percent. In Farukh Nagar, they increased by 30 to 50 percent. Manesar saw an increase of 10 to 15 percent, while in Badshahpur, the rates went up by 25 percent.
Frequently Asked Questions on Circle Rate in Haryana
Q1. What is a Circle Rate?
Ans1. It is a benchmark rate below which one cannot register the property with the government of any state. It is one of the important parameters that help determine the stamp duty and the registration charges on all immovable assets.
Q2. What is the importance of circle rate?
Ans2. The circle rate is important when registering a property because it sets the lowest value a property can be sold for, which is used to calculate stamp duty and registration fees. This helps make sure everyone pays the correct amount of taxes, prevents people from giving properties lower values than they should, and keeps property transactions fair and honest. It also helps the government collect the right amount of money in taxes.
Q3. What is the definition of Market Rate?
Ans3. The market rate is the rate at which the property is sold off in the market. It is influenced by various factors such as location, demand and supply, economic conditions, and property features. It indicates what the current value buyers are willing to pay and it is generally more than the government-set circle rate.
Q4. How is the Circle Rate different from the Market Rate?
Ans4. The market rate is when the property is sold off in the market detrimental to demand, location and economic conditions. The government sets the circle rate, which is the minimum value at which properties must be registered for tax purposes. Market rates reflect real transaction values and are usually higher as compared to circle rate.
Q5. What is the formula used to calculate the value of property in Haryana using Circle rates?
Ans5. Value of the Property= Built-up area (in sq. m) x circle rate for the locality ( in INR per sq. m).
Q6. Is the circle rate in Haryana the same as that in every city?
Ans6. No, the circle rate differs from one state to another. Each state has different circle rates and even in a state, all the cities have different circle rates which is different for all the localities and the societies.
Q7. What is the circle rate for Jhajjar?
Ans7. The circle rate for Jhajjar is between Rs. 8,000 – Rs. 20,000.
Q8. What is the circle rate for Sonipat?
Ans8. The circle rate for Jhajjar is between Rs. 9,400 – Rs. 24,500.
Q9. What is the circle rate for Panchkula?
Ans9. The circle rate for Panchkula is between Rs. 25,000- Rs. 55,000.
Q10. What is the circle rate for Panipat?
Ans10. The circle rate for Panipat is between Rs. 7,000- Rs. 25,000.
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