Circle Rate Calculator
Have you ever wondered what the circle rate is for your property? To discover out, use our circle rate calculator. It is 100% free and simple to use. With only a few inputs and a push of the calculate button, our circle rate calculator will provide you with an instant breakdown of your property's circle rate.
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Frequently asked questions
No, circle rates are the minimum prices set by authorities for property sales or transfers, while market value is determined by actual transaction prices in a given area.
No, since cities are large and property values vary between areas, circle rates differ from one locality to another.
If the circle rate is higher than the market value, both the buyer and seller must pay tax on the difference, categorized as 'income from other sources' and 'capital gains', respectively. According to Budget 2020 provisions, no tax is applicable if the market value is up to 10% less than the circle rate.
The agreement value is the amount specified in the sale deed.
The circle rate is also referred to as the ready reckoner rate, which is the minimum price at which a property must be registered during a sale or transfer.