Will the proposed circle rate hike make property prices more expensive in Noida, Greater Noida and Jewar?

Noida, Greater Noida, and Jewar are set to experience a hike in circle rates ranging from 20% to 70%, effective April 1 the first such increase in nearly nine years. This adjustment aims to bridge the gap between circle rates and actual market values, following a steady rise in property prices driven by ongoing infrastructure development. Experts anticipate that the higher rates will lead to increased stamp duty and registration costs for homebuyers, raising overall transaction expenses and potentially impacting sales.

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Circle Rate Hike Across Noida, Greater Noida, and Jewar

Authorities plan to increase circle rates for high-rise apartments in Noida by 20%, while Greater Noida may see a rise of up to 30%. Circle rates for agricultural land will also go up, with Jewar where the Noida International Airport is likely to open in May this year facing the steepest hike of nearly 70%. Greater Noida’s rates will rise by about 50%, while Noida will see a 40% increase.

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Surge in Residential Property Prices in Noida and Greater Noida

Real estate developers have already been driving an escalating price trend in the region. According to data from ANAROCK Research, average residential prices in Noida have surged by 92% from the end of 2019 to the end of Q1 2025, rising from ₹4,795 per sq. ft. to nearly ₹9,200 per sq. ft. During the same period, Greater Noida witnessed an even steeper increase of 97%, with prices climbing from ₹3,340 per sq. ft. to ₹6,600 per sq. ft. This data highlights how developers have been continuously raising property prices in the region.

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Impact of Circle Rate Hike on Property Acquisition and Sales

Santhosh Kumar, vice chairman of ANAROCK Group, stated that the proposed increase in circle rates in Noida, Jewar, and Greater Noida will further drive up property acquisition costs for homebuyers. As circle rates rise, stamp duty on property transactions will also increase. This comes on top of the already rising residential property prices set by developers in these regions. As a result, the hike in circle rates may impact sales in the near future, as homebuyers will face higher property prices along with increased stamp duty charges.