Property Buying in Noida and Jewar Gets Costlier with New Circle Rates
Property Buying in Noida, Greater Noida & Jewar Becomes Costlier | Noida New Circle Rates 2025
The UP government is planning to increase the circle rates in Noida, Greater Noida, and the Jewar region. The proposed rates were initially scheduled to take effect from April 1, 2025. However, due to strong opposition from homebuyers, the implementation was put on hold for revisions and feedback. After thorough consideration, the revised rates are now set to replace the old ones.
This will be the first time in 9 years that circle rates are being increased. A circle rate is the minimum price set by the government for buying or selling property, and it is used to calculate stamp duty and registration charges.
New Circle Rates in Noida, Greater Noida and Jewar
The proposed hike in circle rates will be:
• 20% higher for high-rise apartments in Noida
• 30% higher in Greater Noida
• Up to 70% higher for agricultural land in Jewar
Jewar, which will soon have a new airport, is seeing the biggest increase.
Why the authority introduced New circles rates in Noida?
Property prices in Noida, Greater Noida, and Jewar have gone up a lot in the past few years. New roads, metro lines, and the upcoming Noida International Airport have made these places more popular. But the government’s circle rates were still low compared to the market prices. So, this hike is being done to match circle rates with real prices.
What Will This Mean for Buyers?
If you are planning to buy a home, this change could make things more expensive. Here's why:
• You will have to pay more stamp duty and registration charges because they are based on the circle rate.
• Property prices are already rising because of development in the area.
• So, your total cost to buy a home will go up.
For example, in Noida, the average property price was 4,795 per sq. ft. in 2019. Now in 2025, it has gone up to 9,200 per sq. ft. That’s almost double!
Will This Affect Sales?
Experts think that this change might slow down sales for a short time. Higher costs could make buyers wait or rethink their decision. But in the long term, it might be good for the market.
What Do Experts Say?
Many real estate experts say the hike was expected and is a good move:
• It helps reduce black money in property deals.
• It makes pricing more transparent.
• It brings more revenue to the government, which can be used for better roads, schools, and hospitals.
But some developers are worried. They say prices are already high, and this hike might scare away buyers. They also feel the hike should be smaller to avoid shocking the market.
Special Focus on Jewar
Jewar is getting a lot of attention because of the upcoming Noida International Airport. Land prices there are rising fast. The government is increasing agricultural land circle rates by nearly 70% here. This shows that Jewar is expected to grow quickly in the coming years.
Conclusion
The increase in circle rates in Noida, Greater Noida, and Jewar is a big step. It means buying property will get costlier, at least in the short run. But it could also bring more fairness and stability to the market. If you are planning to buy a home, be prepared for higher costs, but also know that you are investing in a fast-growing area.
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