- Circle Rate: The minimum government-set valuation at which a property can be registered in a specific locality. Stamp duty is paid based on this value. Property transactions cannot legally be recorded below the circle rate.
- Market Rate: The actual market price a buyer is willing to pay based on local demand-supply dynamics, infrastructure, and property condition.
What is the difference between Market Rate and Circle Rate?
Was this article helpful?
Thank you for your feedback!
Your response helps us improve the quality of our knowledge base.
Need Personalized Help?
Can't find the answers you're looking for? Reach out to our dedicated support representatives.
Contact Support