Noida Set to Revise Circle Rates After 5 Years
Real Estate

Noida Set to Revise Circle Rates After 5 Years

The Stamps and Registration Department has submitted a proposal to the District Magistrate to revise the circle rates in Noida, Greater Noida, and Yamuna Expressway regions. The proposed changes mark the first revision in five years, with rates having remained unchanged since August 2019.

The department is proposing a significant hike across different sectors: a 25-30% increase for residential properties, 10% for industrial, commercial, and IT sectors, and 15% for farmland. This revision will directly impact property buyers, who will face higher stamp duties, as these are calculated based on the circle rates set by the district administration or the land allotment rates established by development authorities such as Noida, Greater Noida, and Yamuna Expressway.

Shashi Bhanu Mishra, Assistant Inspector-General of Registration, emphasized the need for this revision, citing the gap between the current property prices and the stamp duty collected. "The cost of flats has risen significantly over the past few years in Noida and Greater Noida, while stamp duty, calculated based on the circle rates, has remained lower in comparison. The proposed revision is essential to reduce this gap," Mishra said.

Officials explained that circle rates are typically revised annually, with new rates usually taking effect from August 1. However, the rates were not revised between 2020 and 2023 due to the real estate slump during the pandemic.

In Noida, the revised rates will vary by sector and property category. For instance, residential plots in sectors 14 and 14A currently have a circle rate of ?1.1 lakh per square meter, while in Sector 19, it is ?79,200. In Greater Noida's Alpha 1, 2, and Gamma 2 sectors, the circle rate stands at ?37,000 per square meter.

District Magistrate Manish Verma stated that the newly proposed rates would be announced for public feedback within the next two days, paving the way for their implementation.

The revision is expected to impact the entire property market, with a ripple effect on the cost of buying and selling real estate in the region.

The Stamps and Registration Department has submitted a proposal to the District Magistrate to revise the circle rates in Noida, Greater Noida, and Yamuna Expressway regions. The proposed changes mark the first revision in five years, with rates having remained unchanged since August 2019. The department is proposing a significant hike across different sectors: a 25-30% increase for residential properties, 10% for industrial, commercial, and IT sectors, and 15% for farmland. This revision will directly impact property buyers, who will face higher stamp duties, as these are calculated based on the circle rates set by the district administration or the land allotment rates established by development authorities such as Noida, Greater Noida, and Yamuna Expressway. Shashi Bhanu Mishra, Assistant Inspector-General of Registration, emphasized the need for this revision, citing the gap between the current property prices and the stamp duty collected. The cost of flats has risen significantly over the past few years in Noida and Greater Noida, while stamp duty, calculated based on the circle rates, has remained lower in comparison. The proposed revision is essential to reduce this gap, Mishra said. Officials explained that circle rates are typically revised annually, with new rates usually taking effect from August 1. However, the rates were not revised between 2020 and 2023 due to the real estate slump during the pandemic. In Noida, the revised rates will vary by sector and property category. For instance, residential plots in sectors 14 and 14A currently have a circle rate of ?1.1 lakh per square meter, while in Sector 19, it is ?79,200. In Greater Noida's Alpha 1, 2, and Gamma 2 sectors, the circle rate stands at ?37,000 per square meter. District Magistrate Manish Verma stated that the newly proposed rates would be announced for public feedback within the next two days, paving the way for their implementation. The revision is expected to impact the entire property market, with a ripple effect on the cost of buying and selling real estate in the region.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement