Circle Rate in Kolkata
Circle rates for commercial and residential property in Kolkata
Circle rates for commercial properties in Kolkata are typically higher than those for residential properties. Commercial spaces, such as offices and shops, are located in areas with high foot traffic, which increases their value.
Residential properties intended for personal use generally have lower circle rates. However, prime residential areas close to city centres or with good amenities can have higher rates, though they still tend to be lower than commercial properties in the same area.
Circle rates for agricultural land in Kolkata
The circle rates for agricultural land in Kolkata are generally lower than those for commercial or residential properties. This is because agricultural land is primarily used for farming and doesn’t attract the same market demand as urban land.
However, agricultural land near developing areas might see a rise in circle rates due to the potential for future development. Even with these factors, agricultural land typically remains more affordable than urban properties due to its limited use and lower demand.
Circle rates in Kolkata according to age factor
The age of the property highly influences the circle rates in Kolkata. Older properties usually have lower circle rates because they often show signs of depreciation and wear and tear. This diminishes their appeal to potential buyers, reducing their market value.
In contrast, newer properties have higher circle rates, thanks to modern features, improved infrastructure, and favourable locations. These factors increase their attractiveness to buyers, resulting in higher circle rates.
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