Before planning to buy a house or property, the buyers need to be aware of the circle rates and market rates. These rates will help you to assess the value of your property in the best possible way. These rates are revised from time to time and vary from state to state and area to area. Knowing what they are will help you make better decisions when quoting a price for your property and help you save your money.
What is Circle Rate?
Circle rate is the minimum value at which the sale or transfer of a plot, built-up house, apartment, or commercial property takes place. These rates are notified by the state government or the local development authorities.
Important points to know about circle rate
Here are some of the important points to keep in mind about the circle rate:
What is Market Rate?
It is the price at which a property is sold. It is the final price that is decided between the seller and the buyer.
Important points to know about market rate
Here are some of the important points which you must know about the market rate: