Circle rate
Regulation & taxAlso called: Ready reckoner rate, Guidance value, Guideline value
The minimum value per unit area notified by a state government for property transactions in a locality.
In plain terms
Stamp duty is charged on the higher of the documented price and this notified value, and the income tax provisions for immovable property key off the same figure — so in a weak local market duty and tax can be computed on a price nobody is actually paying.