Chandigarh circle rate is a minimum property value evaluated by district administration. The authority considers the type, location, size, etc., of the property while evaluating its circle rate. The circle rate in Chandigarh is notified through the registrar or sub-registrar office.
Why Chandigarh Circle Rates are Important
You can simply visit the sub-registrar’s office and get the updated list of Chandigarh circle rates without any hassle.
- Property Valuation: With the circle rate in Chandigarh, people can evaluate the right prices of their properties. The district administration team considers the area, locality, type, size, and various other detailed factors while evaluating circle rates for land pieces. Property owners can simply visit their area’s sub-registrar office to get the updated list of circle rates.
- Fraud Prevention: Knowing the right value of the property can save both property buyers and owners from any kind of fraudulent transactions. Both parties can simply know the minimum value of their chosen property by going through the related circle rate list. This helps them initiate the deal based on their financial preferences.
- Revenue Generation: Circle rates also help the government generate revenue in the form of stamp duty charges, property registration fees, and other taxes. The government classifies properties into Chandigarh in different categories based on their sizes, types, etc., and evaluates their circle rates accordingly.
Factors Affecting the Circle Rate in Chandigarh
Find below the factors that affect the circle rate in Chandigarh.
- Type of Property: Circle rates in Chandigarh are evaluated based on the type and usage of the property. For example, Circle rates are higher for commercial properties comparison in comparison to the residential properties in Chandigarh.
- Location of Property: The location of the property also plays a critical role in determining the circle rate in Chandigarh. For instance, circle rates for properties in posh areas in Chandigarh are higher in comparison to ones located in other regular areas.
- Facilities: The list of facilities available in a specific location also affects the circle rate in Chandigarh. For example, Chandigarh circle rates for properties surrounded by schools, parks, hospitals, and other facilities are higher than the ones located in the outer of the city where there are not enough facilities available.
- Amenities: Like the facilities, the list of amenities available in a specific location also affects the circle rate in Chandigarh. Amenities such as lift, power backup, swimming pool, gym, jogging track, etc., make a difference.
- Market Value: The state government also considers market value as one of the factors while evaluating the circle rate in Chandigarh. Chandigarh circle rates are usually lower than the market rates of properties.
Chandigarh Circle Rates
The circle rate in Chandigarh is also known as the guidance value or collector rate. Chandigarh circle rates are different for various localities in the city.
Find below the circle rates for residential and commercial properties in Chandigarh.
| Type of Area | Locality | Rates |
| Residential Urban Area | Sector 1 to 12 | Rs. 78,250 per sq. yd |
| Sector 14 to 37 | Rs. 74,338 per sq yd | |
| Sector 38 onwards | Rs. 70,424 per sq. yd | |
| Housing Board Flats | Independent: Rs. 70,424 per Sq Yards Ground Floor: Rs. 4,500 per sq ft First Floor: Rs. 4,050 per sq ft Second Floor: Rs. 3645 per sq ft Third Floor: Rs 3280 per & onwards sq ft | |
| Industrial Houses | ||
| Flats in Cooperative Housing Societies | ||
| Uppals Marble Arch Flats in Manimajra | Rs. 6,000 per sq feet | |
| Shivalik Enclave | Rs. 58,687 per sq yd | |
| Milk Colony, Dhanas | Rs. 48,906 per sq yd | |
| Sites at I.T. Park | Vacant Land: Rs. 1,42,500 per sq yd Ground Floor: Rs.14,034 per sq ft First Floor: Rs.12,474 per sq ft Second Floor: Rs. 11,695 per sq ft | |
| Residential Rural Area | Abadi Deh & Extended Abadi | Rs. 12,870 per sq yd |
| Commercial Urban Area | Indl. Area Ph-1 & II | Rs. 62,599 per sq yd |
| Chakki Sites in UT | Rs. 92,664 per sq yd | |
| Timber Market | ||
| Coal Depots | ||
| Transport Area | ||
| Iron Market | ||
| Motor Market Complex Commercial (Booths) in Mani Majra | Rs. 1,54,440 per sq yd | |
| Shivalik Enclave (SCO) | Rs. 3,24,324 per sq yd | |
| Milk Colony, Dhanas | Rs. 3,60,360 per sq yd | |
| Booth in Sec 8, 15, 19, 22, 34 35 & 17 (except 17-A & 17-B) | Rs. 4,40,154 per sq yd | |
| Booth in Sec 7, 9, 10, 11, 26,16, 17-A & 17-B,18, 20, 21 & 32 | Rs. 3,52,123 per sq yd | |
| Booth in other Sectors | Rs. 2,44,530 per sq yd | |
| SCO/SCF in Sector 17 | Rs. 5,25,405 per sq yd | |
| SCO/SCF/Bay Shops on Madhya Marg | Rs. 3,75,289 per sq yd | |
| Sub City Centre – Sec 34, Sec 22 and dividing road of Sec 35-34 | ||
| SCO/SCF/Bay Shops in other Sectors | Rs. 3,08,880 per sq yd | |
| Shops, Office, Units etc. in Elante Mall, Ind. Area, Phase-I | Ground Floor: Rs.15,593 per sq ft First Floor: Rs.13,860 per sq ft Second Floor: Rs. 12,994 per sq ft | |
| Indl. Plots/Shops converted to commercial properties with permission of the Estate Office | Ground Floor: Rs.14,034 per sq ft First Floor: Rs.12,474 per sq ft Second Floor: Rs. 11,695 per sq ft | |
| Other Malls / Multiplex excluding Elante Mall | ||
| SCO/SCF/Bay Shops in Motor Market-Manimajra | Rs. 2,77,992 per sq yd | |
| Vacant converted plots from Industrial to Commercial in Indl. Area I & II | Rs. 1,42,500 per sq yd | |
| Commercial Rural Area | Rs. 26,770 per sq yd |
How Chandigarh Circle Rates are Different from Market Rates
Here are a few major pointers to help you understand the difference between the market rate and circle rate in Chandigarh.
- Property Registration: One of the major differences between Chandigarh circle rates and market rates is that buyers can register their properties on RERA Chandigarh based on circle rates only. The market rate is the value that they can ask in exchange for their properties.
- Stamp Duty Charges: At the time of property registration, stamp duty charges are also calculated based on Chandigarh circle rates and not the market rates of properties.
- Revision of Rates: The circle rate in Chandigarh can be revised only twice a year. On the other hand, market cates can fluctuate based on the demand and supply ratio and stock market ups and downs.
Things to Keep in Mind When Buying a Property in Chandigarh
Here are a few things to keep in mind when buying a property in Chandigarh.
- owner properties for sale in Chandigarh to save your brokerage.
- title search to check the ownership rights of the property seller.
Key Takeaways on Chandigarh Circle Rates
Here are a few major key takeaways on Chandigarh circle rates.