Circle Rate Value Calculator

Work out circle rate value instantly with clear inputs, formula shown and shareable results.

About Circle Rate Value Calculator

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.

Formulas

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

Worked example

With the default values below, Circle Rate Value Calculator returns Circle rate value of $10,800,000.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Land areaminimum 0 m²: 200 m²
Circle rate for landminimum 0 per m²: 45,000 per m²
Built-up areaminimum 0 m²: 150 m²
Prescribed construction rateminimum 0 per m²: 12,000 per m²

Results

Circle rate value: $10,800,000.00
Land component: $9,000,000.00
Construction component: $1,800,000.00
Indicative stamp duty at 6 percent: $648,000.00

Step by step

1Values used
2Circle rate value
3Stamp duty base
4Circle rate value= 10,800,000.00
5Land component= 9,000,000.00
6Construction component= 1,800,000.00
7Indicative stamp duty at 6 percent= 648,000.00

Assumptions and limits

The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
In particular, this calculator does not take inflation, tax, fees or charges or compounding frequency into account.
Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
Preliminary estimate only. Circle rates, construction rates and stamp duty percentages vary by locality and must be confirmed with the registration authority.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Preliminary estimate only. Circle rates, construction rates and stamp duty percentages vary by locality and must be confirmed with the registration authority.

Frequently Asked Questions

How is the Circle Rate Value figure worked out?

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.

What if the agreed price is below circle rate?

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.

What values do I need to enter?

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.