#circlerate

Q: What is the "Circle Rate" and "Market Rate"?

A: These are two different values for a property:

• Circle Rate (Guidance Value/Collector Rate): This is the minimum price at which a property can be registered in a specific area, as fixed by the state government. Even if you buy a property below the circle rate, stamp duty and registration charges will be calculated based on the circle rate.

• Market Rate: This is the actual price at which a property is bought or sold in the open market, determined by demand and supply, property condition, amenities, etc. It can be higher or lower than the circle rate.

• Implication: If your sale value is higher than the circle rate, stamp duty is calculated on the sale value. If it's lower, stamp duty is calculated on the circle rate.

Learn More - https://www.trehanluxuryfloorsohna.in/

Q: What is the "Circle Rate" and "Market Rate"?

A: These are two different values for a property:

• Circle Rate (Guidance Value/Collector Rate): This is the minimum price at which a property can be registered in a specific area, as fixed by the state government. Even if you buy a property below the circle rate, stamp duty and registration charges will be calculated based on the circle rate.

• Market Rate: This is the actual price at which a property is bought or sold in the open market, determined by demand and supply, property condition, amenities, etc. It can be higher or lower than the circle rate.

• Implication: If your sale value is higher than the circle rate, stamp duty is calculated on the sale value. If it's lower, stamp duty is calculated on the circle rate.

Learn More - Trehan Sohna Road Apartments

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