Let us first understand the correlation between stamp duty and circle rate. Stamp duty is the levy paid by a buyer on the total cost of the property. It is paid at the time of registration of the property (after the transaction is complete). Circle Rate is best defined as the minimum selling price, or minimum value of the property, at the exact time of being sold or being bought over. To put it simply, the stamp duty has to be paid on the legal value of your property transaction. So, do we have to pay the stamp duty on the circle rate? Well, the answer is no. But then why are we focusing on stamp duty and circle rates through this article. Stamp duty and circle rates, both are very important for the buyers to understand, and know before they actually sign a legal agreement. Usually, it is the market value of the property on which the actual transaction takes place. Circle rate is the minimum value of the property, as fixed by the state government, who is the recipient of ...