Since its formation in 2014, the Telangana government has seen swift growth in various sectors such as tourism, infrastructure, IT and more which has led to a considerable appreciation of property value. Circle rates in Hyderabad refer to the minimum property valuation set by the local government for different areas within the city. Also known as guidance value or ready reckoner rate, it is the minimum or basic value at which any property or land, including both agricultural and non-agricultural, can be sold or transferred.
Also read: Stamp duty in Hyderabad
What are Circle Rates in Hyderabad?
Circle rates in Hyderabad were revised on 1st February 2022. These rates are used to calculate the stamp duty and registration charges for property transactions. When buying or selling property in Hyderabad, it's important to check the current circle rates to make sure you are following the local regulations.
Factors Determining Circle Rates in Hyderabad
The following factors help determine Hyderabad's circle rates:
-
Location of the property: The locality and proximity to essential facilities and infrastructure can significantly influence circle rates in the city.
-
Property size and shape: The size and dimensions of the property, including its frontage and depth, can impact the circle rates.
-
Infrastructure development: The area's roads, water supply, and electricity availability can affect circle rates in Hyderabad.
-
Market demand: Current demand and trends in the real estate market can also influence the circle rates set for properties in Hyderabad.
-
Regulatory policies: Government regulations, urban development plans, and zoning laws also affect Hyderabad circle rates.
How to Calculate Circle Rates in Hyderabad?
The calculation of circle rates in Hyderabad are dependent on the following factors:
-
Value of the area in which the property is located
-
Details of the owner, such as gender and age
-
Property type, i.e. whether it is commercial or residential property.
-
Property’s age, i.e. how old the property is
-
Amenities available in the property
Together these factors help in deciding the circle rate of the areas and also influence the overall value of the property.
Points to Keep in Mind Pertaining to Circle Rate in Hyderabad
Some key points regarding circle rate in Hyderabad are mentioned below:
-
Principally the circle rate in Hyderabad is determined by the Telangana State Govt. and other development authorities.
-
Circle rates vary from locality to locality in Hyderabad based on the location and facilities provided by the authorities.
-
Sometimes the circle rate in Hyderabad might be lower than the actual rate of the property.
-
Ready reckoner rates Hyderabad are not the final or actual rate of the property.
-
Circle rate in Hyderabad helps in checking the speculation regarding the price of the property.
-
The property has to be registered as per the prescribed circle rate or at the actual value paid, whichever is high.
-
The sale deed must be valued at the closest value of the property according to its circle rate in Hyderabad.
_80_120.jpg.webp)
_80_120.jpg.webp)
What is Market Rate?
The market rate is the actual value of the property, which is decided between the buyer and seller. It varies from person to person or property to property. It is the value or price at which both the parties find themselves comfortable. The circle rate in Hyderabad could be lower than the market rate or the value that property fetches. The market rate is dependent on the customer and his/ her requirements. The buying capacity of a person impacts the market value of the property. The market price works as an indicator for the buyer to choose the area or locality according to his needs and capacity. The market price is very much affected by demand/ supply.
However, in cases where the ready reckoner rate is more than the market value, then the seller, as well as the buyer, will be liable to give tax on the difference beneath the capital gains category and income from other sources, respectively. According to the provisions of the Budget, the tax will not be applicable if the circle rate is higher up to 10% from market value.
What are the Market Values of Areas in Hyderabad
The following table shows the revised market values of the areas in Hyderabad. The values given are for per square yard of area.
| S. No |
Locality |
Property Type |
Land Value (Rs. Per Sq. yard) |
| 1 |
Banjara Hills Rd No I - Chts Basti Mkt-2 |
Commercial |
64,400 |
| 2 |
Jubilee Hills-1 |
Residential |
64,400 |
| 3 |
Begumpet - 1 |
Residential |
48,700 |
| 4 |
Hill Fort Lane-1 |
Residential |
60,300 |
| 5 |
Amberpet-1 |
Residential |
32,200 |
| 6 |
Amberpet-1 |
Residential |
26,700 |
| 7 |
PANJAGUTTA-1 |
Residential |
60,300 |
| 8 |
Panjagutta Colony to Srinagar Colony Satyasai-2 |
Commercial |
85,800 |
| 9 |
Panjagutta Colony to Srinagar Colony Upto Kri-2 |
Commercial |
85,800 |
| 10 |
Panjagutta |
Residential |
37,400 |
| 11 |
Panjagutta Crossroads To Rajiv Gandhi Statue-2 |
Commercial |
93,000 |
| 12 |
Sai Nagar |
Residential |
27,600 |
| 13 |
Balapura Basthi Slum-1 |
Residential |
48,700 |
| 14 |
Abids To Koti Road-2 |
Commercial |
74,600 |
| 15 |
Abids-1 |
Residential |
60,300 |
| 16 |
Abids To Basheerbagh Road-2 |
Commercial |
74,600 |
| 17 |
Ameerpet To Erragadda Rythu Bazar-2 |
Commercial |
85, 800 |
| 18 |
Ameerpet-1 |
Residential |
47,300 |
| 19 |
Ameerpet Crossroads To Swarna Jayanthi Compl-2 |
Commercial |
93,000 |
| 20 |
Somajiguda-1 |
Residential |
48,700 |
How to Check the Market Value of the Property?
To calculate the circle rate in Hyderabad accurately, visit the Telangana state government registration and stamp department website.
Step 1: Visit the Telangana state government registration and stamp department website
Telangana Registration & Stamps Department Website Homepage
Step 2: After opening the website, click on the Market Value Search option. Enter the city name, locality name and division name at the given spot. Click on the submit button.
Market Value Search Table
Step 3: Select the District, Mandal, and Village. Then a list of areas will appear on the screen. The user will then get the locality-wise property rates in a table. Click on the get button in the last column.
Unit Rates - Locality Wise
Step 4: After you click on the “Get” button, you will find the door-wise base land & composite rates for every door number.
Unit Rates - Locality Wise & Door Wise
The land value shown is one of the numbers based on which the circle rates in Hyderabad are charged. In addition to these, there are other factors that determine there are other circle rates of the property in Hyderabad.
What is the Best Way to Calculate the Market Value of the Property
Telangana government’s Registration and Stamps Department website includes a market value calculator that uses construction rates and base land rates together with other particulars like construction material of the given property as well as its age to get the market value of the property. These base land rates can be utilized interchangeably as circle rates in Hyderabad. Ready Reckoner Rate Hyderabad varies in each and every locality in the city. The market value of the property is evaluated by adding the land and the composite rate.
Why You Must Know the Market Rate and Circle Rate in Hyderabad
Market rate and Circle rate in Hyderabad are two sides of one coin. These rates help to fetch the exact price of the property. Loans could be availed on the registered property at its circle rate value, but the same could be enhanced at the actual price or market value of the property by adding other variables. Sometimes there is not much gap in market price or ready reckoner rate Hyderabad. If you are planning to buy a land, plot, apartment, or any other type of property, keep the circle rate in mind by which you can easily evaluate the property and your needs.
Things to Keep in Mind When Buying a Property in Hyderabad
Now that you know almost everything about Hyderabad's market rates and circle rates, its time you learn the things to keep in mind when purchasing a property in Hyderabad.
-
Make sure you go through the circle rates in Hyderabad and to know the estimated value of your chosen property.
-
Make sure you register your property based on the circle rates in the city.
-
Go through the local market trends of real estate in Hyderabad so that you get the best deal possible.
-
Do not forget to perform a legal title check against the owner of your chosen property. This helps you know if they reserve a right to sell this property to you or not.
-
Explore all your options if considering home loan option to buy a property in Hyderabad.
Impact of Circle Rates on Property Tax
Circle rates in Hyderabad, also called ready reckoner rates, directly relate to property taxes in the state. Here’s how they play a pivotal role in stamp duty calculation and property taxes.
-
Stamp Duty Calculation: Stamp duty is a mandatory charge to be paid to the government during a property transaction. This charge is calculated based on the circle rates applicable or the transaction value, whichever is higher. This is done to ensure that the property is not undervalued. For example, if the property rate is Rs 70 lakhs but the circle rate is Rs 75 lakhs, the stamp duty will be charged, taking circle rates as the base.
-
Property Tax: Circle rates establish an area's minimum value of properties. This is used to calculate the property tax applicable to the real estate unit. The standardisation ensures no property is undervalued while maintaining a stable revenue generation stream for the state government. Circle rates may be periodically adjusted to match the changing market conditions. Reducing circle rates will reduce property tax, and the same applies to an increase.
The Bottom Line on Circle Rates in Hyderabad
Lastly, the circle rates in Hyderabad were last revised on 1st February 2022. These rates differ in the case of agricultural and non-agricultural land. They can be calculated on the basis of the age of the property in question, property’s type, property’s location, owner’s gender and age, and the facilities available in the property. Further, the market value of the property can be checked on the Revenue and Stamp Registration website of the Telangana Government, under the market value search in online services. You may also check ready reckoner rates in Hyderabad under the property registration segment of the website.
.jpg.webp)
.jpg.webp)
