Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The cost of purchasing property in the "Pink City" has increased. Starting from April 1, 2024, circle rates, which are the minimum property values used to calculate stamp duty and registration fees, have risen by 10% across the board for both residential and commercial properties.
This increase will translate to higher registration and stamp duty charges for property buyers. While the exact amount will vary depending on the property value and location, buyers can expect to pay more for official fees associated with their purchase.
Jaipur boasts a diverse range of property values depending on location and amenities. Currently, the most expensive areas are C-Scheme and MI Road, where circle rates range from INR 90,000 to INR 1,25,000 per square foot. Conversely, the most affordable options are found in Amer-Jal Mahal, with circle rates between INR 12,000 and INR 42,000 per square foot.
The Rajasthan government implemented this price hike as part of its annual budget. Officials aim to generate additional revenue through stamp duty collections, which form a significant portion of the department's income in Jaipur. Jaipur's well-developed infrastructure, including schools, hospitals, and an international airport, contributes to its premium property prices with DLC rates ranging between INR 12,000 (Amer-Jal Mahal) and INR 1,25,000 per square foot (C-Scheme and MI Road).
While buying costs have increased, it's important to note that stamp duty rebates offered in the previous financial year remain unchanged. This could help offset some of the additional costs associated with the 10% circle rate increase.
Circle rates are determined by a District Level Committee (DLC) considering factors like location, market value, and available amenities. These rates are categorized as residential, commercial, institutional, and industrial.
The rise in circle rates from 5% last year to 10% this year reflects Jaipur's growing real estate market. While it may impact immediate buying costs, Jaipur remains an attractive option for those seeking property in a well-connected and well-equipped city with a diverse range of options depending on budget. Buyers can find affordable options in areas like Amer-Jal Mahal (INR 12,000 - INR 42,000 per sq. ft) or consider areas with mid-range rates like Jagatpura, Model Town, Indiragandhi Nagar (INR 16,800 - INR 19,650 per sq. ft) or Vaishali Nagar, Hanuman Nagar, Vidyut Nagar, Chitrakoot (INR 48,000 - INR 65,000 per sq. ft). For premium locations with top amenities, buyers can look at C-Scheme and MI Road (INR 90,000 - INR 1,25,000 per sq. ft).
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
We use cookies to give you the best possible service while using our website, please click accept and carry on browsing if you're happy with this. For more information see our Privacy Policy.
Okay, Got it!This disclaimer ("Disclaimer") is applicable to the entire Site. Upon entering the Site it is recommended that you immediately read the Terms and Conditions and Privacy Policy listed therein. Your continued usage of this Site will indicate your unconditional acceptance of the said Terms and Conditions and Privacy Policy. You hereby agree that Propscience reserves the right to modify at any time, the Terms and Conditions and Privacy Policy governing this Site without prior notification. Your usage of the Site implies that you will be bound by any such modification. You agree and acknowledge that it is your responsibility to periodically visit the Site and stay updated with the Terms and Conditions and Privacy Policy of the Website.
The information contained in this Site has been provided by Propscience for information purposes only. This information does not constitute legal, professional or commercial advice. Communication, content and material within the Site may include photographs and conceptual representations of projects under development. All computer-generated images shown on the Site are only indicative of actual designs and are sourced from third party sites.
The information on this Site may contain certain technical inaccuracies and typographical errors. Any errors or omissions brought to the attention of Propscience will be corrected as soon as possible. The content of this Site is being constantly modified to meet the terms, stipulations and recommendations of the Real Estate Regulation Act, 2016 ("RERA") and rules made thereunder and may vary from the content available as of date. All content may be updated from time to time and may at times be out of date. Propscience accepts no responsibility for keeping the information in this website up to date or any liability whatsoever for any failure to do so.
While every care has been taken to ensure that the content is useful, reliable and accurate, all content and information on the Site is provided on an "as is" and "as available" basis. Propscience does not accept any responsibility or liability with regard to the content, accuracy, legality and reliability of the information provided herein, or, for any loss or damage caused arising directly or indirectly in connection with reliance on the use of such information. No information given under this Site creates a warranty or expands the scope of any warranty that cannot be disclaimed under applicable law.
This Site provides links to other websites owned by third parties. Any reference or mention to third party websites, projects or services is for purely informational purposes only. This information does not constitute either an endorsement or a recommendation. Propscience accepts no responsibility for the content, reliability and information provided on these third-party websites. Propscience will not be held liable for any personal information of data collected by these third parties or for any virus or destructive properties that may be present on these third-party sites.
Your use of the Site is solely at your own risk. You agree and acknowledge that you are solely responsible for any action you take based upon this content and that Propscience is not liable for the same. All details regarding a project/property provided on this Site are updated on the basis of information available from the respective developers/owners/promoters. All such information will not be construed as an advertisement. To find out more about a project / development, please register/contact us to visit the site you are interested in. All decisions taken by you in this regard will be taken independently and Propscience will not be liable for any such loss in connection with the same. This Site is for guidance only. Your use of this Site - including any suggestions set out in the Site and or any use of the resources available on this Site, do not create any professional - client relationship between you and Propscience. Propscience cannot accept you as a client until certain formalities and requirements are met.
We use cookies to give you the best possible service while using our website, please accept it and continue browsing if you're happy with this. For more information see our Privacy Policy