Circle Rate Calculator
Ever wanted to know what your property's circle rate is? Try our circle rate calculator to find out. It's easy to use and completely free. Our Circle Rate Calculator will give you an instant breakdown of your property's circle rate, all you need to do is enter a few details and tap calculate.
Frequently asked questions
Is circle rate same as market rate?
No circle rates are the minimum authority-defined prices at which a property sale or transfer can be done between two parties whereas the Market Value is a price range arrived at by looking at actual transaction prices in a location.
Is circle rate same in every city?
As cities are vast and the value of one area may be quite different from the value of another, the circle rates vary from locality to locality.
What if circle rate is more than market value?
If the circle rate is more than market value, then, both, the buyer and the seller will be liable to pay tax on the difference under the heads 'income from other sources' and 'capital gains', respectively. As per the provisions of Budget 2020, no tax will be applicable, if the market value is less than the circle rate by up to 10%
How is agreement value calculated?
Agreement value refers to the value that is mentioned in the sale deed.
What is a ready reckoner?
The circle rate is also known as the ready reckoner rate. It is the minimum price at which a property must be registered when being transferred or sold.
