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%…