[ecis2016.org] Mentioned are the prevailing circle rates in the key areas of Kanpur
Considered to be among the commercial nerve centres of Uttar Pradesh (UP), Kanpur is different from other Tier-II cities. The city once was the most industrialised city in India after Kolkata. Owing to this history and its current relevance in economic activity in UP, real estate in Kanpur is comparatively expensive. Consequently, Kanpur circle rates in some prominent parts of the city are comparable to those in Tier-I cities like Delhi and Bengaluru.
For the uninitiated, circle rates (or ready reckoner rates) are the government-determined prices below which properties cannot be registered in the government’s records. Stamp duty and registration charges on a property transaction are calculated, based on the circle rates of the area in which the said property is located.
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Check out price trends in Kanpur
Circle rate in Kanpur in 2020
|Area||Circle rate per sq metre*|
|From VIP Road Meghdoot Chauraha to Elgin Mill Chauraha||Rs 33,800|
|Mall Road||Rs 66,500|
|Meston Road||Rs 66,500|
|Halsey Road (From Moolganj Chauraha to Ghanta Ghar)||Rs 66,500|
|Nai Sadak||Rs 42,300|
|P Road||Rs 66,500|
|Harbansh Mohal Road||Rs 66,500|
|GT Road||Rs 55,000|
|From Lal Bangla Road Cantt to Harjinder Nagar Chauraha||Rs 14,000|
|150 ft Road Jajmau Factory Area||Rs 16,500|
|Ashrafabad Road||Rs 13,200|
|From Ghantaghar Chauraha to Jareeb Chowki Chauraha||Rs 66,500|
|From Jajmau Ganga Pul to Ramadevi Chauraha||Rs 17,600|
|From village limit of Rooma to Sarsaul village limit||Rs 7,700|
|From Sarsaul village limit to Kanpur city limit||Rs 6,600|
To check out circle rates in other localities click here.
*Made of 10.76 sq ft, a sq metre is also a common land measuring unit used in India.
Source: Stamp and registration Department, UP
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Circle rates for flats/apartments in Kanpur
Home buyers purchasing a unit in group housing societies and multi-storey buildings, have to spend extra as they are charged a premium, depending on the amenities included in the project.
In case you are buying a property for sale in Kanpur in a multi-storey housing project or a group housing colony, the circle rate could be calculated based on the formula below:
Part of the land ratio multiplied by (x) land cost plus (+) flat area x building cost + common area x construction cost
To arrive at the expenses made on the common facilities in a housing society, the city has assigned different valuations to different amenities. In the overall cost of the project, for example, 10% value is allocated to the parking space, 2% each to elevators, power backup, security and gym, 3% to community centres and 5% to swimming pools.
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What is the circle rate in Kanpur’s Mall Road?
The circle rate at Mall Road is Rs 66,500 per sq metre.
What is circle rate?
Circle rates are the government-determined prices, below which a property cannot be registered in the government records.
Is property in Kanpur cheaper than Lucknow?
Depending on the area, the value of property could be higher. In posh areas of the two cities, prices are comparable.
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