Free Legal Advice from Top Lawyers in India
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : where is your property
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : where is your property
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : Circle Rate is minimum value at which the property can be sold or purchased. Whereas market value is the rate at which actual transaction takes place. ... Whereas Market Value is also known as Consideration Value. In layman terms, Circle Rate is Market Value of the property as per local state government.
KISHAN RETD JUDGE
Malleswaram , Bangalore
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : In fact the circle rate and market rate of property are different terms and their meaning is also different. Circle rate is the minimum value at which the sale or transfer of a plot, built-up house, apartment or a commercial property can occur. This rate is set by the state government's revenue department or the local development authorities. Market rate is the price that a buyer pays for a property. Simply put, it is the final price decided based on the agreement between the buyer and the seller. In almost all the cases, teh market rate is always higher than the circle rate.
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : In fact the circle rate and market rate of property are different terms and their meaning is also different. Circle rate is the minimum value at which the sale or transfer of a plot, built-up house, apartment or a commercial property can occur. This rate is set by the state government's revenue department or the local development authorities. Market rate is the price that a buyer pays for a property. Simply put, it is the final price decided based on the agreement between the buyer and the seller. In almost all the cases, teh market rate is always higher than the circle rate.
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : in market market value considered and in normal terms also we consider the marker value neither circle rate.
Therefore, MV will be considered them CR.
Sudhanshu Dixit
Indore Tillaknagar , Indore
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : Dear Sir/ Madam
Ethically circle rate should be equal to market rate but in reality there is variation between the two rates
ANAND SHUKLA ADVOCATE
New Delhi G.P.O. , New Delhi
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : No
Circle rate quite different from market rate
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : Circle rate is the rate below which the property cannot be sold. The registry is executed lease on rate not less than the circle rate. The market rate is mostly higher than the circle rate of the property.
Ahmad Shazeb Azhar
Thakurganj , Lucknow
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : yes
Jagjit Singh Sahni
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : No both are different. But both are set by State government .
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : No both are different. But both are set by State government .
Question : Is Circle rate to be considered the market rate of property ?
Subject : valuation of property
Answer By Lawyer : No
