Tag: Circle rates in Lucknow

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Lucknow property prices soar 25% with new circle rates

LUCKNOW: Beginning Friday, property prices in Lucknow are set to rise by as much as 25% due to the implementation of revised circle rates. These rates represent the minimum property price used to calculate stamp duty fees. The circle rates have been updated for the first time in a decade, with increases ranging from 15% to 25%, influenced by the property’s location and type. According to Assistant Inspector General of Stamps, Ramesh Chand, the last revision took place in 2015. He noted, “Prices for agricultural land have risen by 15%, while non-agricultural land prices for housing have surged by 20%…

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Lucknow body to keep property sector rates unchanged

LUCKNOW: The Lucknow Development Authority (LDA) has announced that it will not be raising the sector rates for its properties. This decision means that the anticipated increase in district magistrate circle rates will not impact the prices of LDA properties valued according to reserved sector rates. In addition, prices for apartments built under various LDA schemes will remain stable, as these rates were already frozen for one year following a resolution by the LDA Board. According to a proposal approved by the LDA Board, the price of flats sold under the ‘first come, first served’ scheme will remain unchanged for…