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Circle Rate Calculator

What is Circle Rate?

The circle rates are the minimum charges levied by the local authorities that is to be paid during the property registration. The charges are determined to account the varying market values of the properties of various localities within a city. The circle of rate of a locality is often measured as a parameter to judge the sucess of the concerned locality. As premium real estate hotspots levy higher circle rates than the underdeveloped localities. An individual interested in making a purchase should be aware of the current circle rates of the locality where the concerned property is located.

Factors which Determine the Circle Rates

There are various factors that are taken into account while determining the circle rates of a locality such as:

Property Usage

  • Commercial
  • Residential

Property Type

  • Flats
  • Plots
  • Apatments

Area of Property

The area of the property is a major determining factor in estimation of circle rates. The amount to be levied on circle rates are often categorized with regards to the total area of the property (in Sq. meters).

Age of the Property

The age of the property is also considered while determining the circle rates . Higher charges are levied on newer properties.

Market Value

The market value of the property is also accounted for when the authorities decide on the circle charges.

Formulae To Calculate Circle Rate?

The circle rate varies from building to building with respect to exact location of the property. The following formulae is employed to calculate the circle rate of a real estate: Area of Plot in Square Meters * Circle rate of the locality

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Circle Rate Calculator

What is Lorem Ipsum?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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