172+ Lawyers are online 
Can property be sold below circle rate?
24-Jul-2023 (In Property Law)
Hi,
My question is that can a property be sold below circle rate. I have been told that a property can be sold below circle rate if it meets certain criteria, like poor locality, no utilities etc.
To give you and understanding the property I refer to, is a DDA plot under Rohini Scheme. The location is Pocket C-6, Rohini sector 34. The locality has not been developed as of yet and will take a lot of time. For the moment my question is to understand that if it is legally allowed to sell a plot below circle rate based on it.
An old article I found cites article that allows one to do so. Please find it below-
https://timesofindia.indiatimes.com/city/delhi/Property-can-be-registered-below-circle-rate-rules-Delhi-HC/articleshow/50304880.cms
Absolutely, there is no bar to sale price. An owner may wish to sell the same at whatever price he or she may deem fit. However, the manner of transfer of title and sale of the property must be precisely in line with all statutory provisions and guidelines.
Helpful?
17+
17+
Adv. Tushar Kumar
Delhi | 200+ Answers
CONTACT NOW
What is the difference between circle rate and agreement value?
The government sets the circle rate as the minimum price based on current market values of the land that contains the property. The agreement rate, on the other hand is the price at which the property is sold after an agreement has been reached between the buyer and seller.
What if sale consideration is more than stamp duty value?
The assessed value is the deemed price if the stamp duty value is less than the value of the valuation officer. If the value determined by the valuation officer is greater than the stamp value, then the stamp value will remain the deemed sale price.
What if agreement value is less than market value?
Answer: Where the value stated in the agreement is less than the circle or stamp duty valuation, then the value of sale consideration will be determined as per the stamp valuation or circle rate. Capital gains are also calculated accordingly. 11-Mar-2023
Can I sell a property in more than market value?
Can I sell my property for more than its market value?
selling property above circle rate
Tax on purchase of property in India
Circle rate of property
Sale of immovable property at more than stamp value
Income tax on sale of property below circle rate
Sale of property for less than fair market value
Selling property above circle rate example
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
