Work out circle rate value instantly with clear inputs, formula shown and shareable results.
Circle rate, also called ready reckoner or collector rate, is the minimum value at which a property may be registered. It is assessed as land area at the notified land rate plus built-up area at the prescribed construction rate. Stamp duty is charged on the higher of circle rate value and the actual transaction price.
Circle rate value
Value = land area x notified land rate + built-up area x prescribed construction rate
Stamp duty base
Duty is charged on the higher of circle rate value and agreement value
Preliminary estimate only. Circle rates, construction rates and stamp duty percentages vary by locality and must be confirmed with the registration authority.
Value = land area x notified land rate + built-up area x prescribed construction rate. Circle rate, also called ready reckoner or collector rate, is the minimum value at which a property may be registered.
Duty is still assessed on the circle rate, and in many jurisdictions the difference is treated as taxable income in the buyer's hands, so a below-circle transaction is doubly expensive.
This calculator takes 4 inputs: Land area, Circle rate for land, Built-up area, Prescribed construction rate. The pre-filled defaults are a realistic worked example — replace them with your own site or project figures.