What is Circle Rate? And Its Important Points

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What Is Circle Rate?

The minimum price at which a real estate property can be transferred from one owner to another owner is called the circle rate. The circular rate is the lowest and minimum price at which a residential or commercial property like land, flat, or constructed house can be reserved for another.

This rate is fixed by the state government. These circular rates vary across cities and regions. An area with facilities such as transport networks, markets, schools, and hospitals has a higher circularity ratio than a developing area.

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