LUCKNOW: The Uttar Pradesh government has revised the circle rates for agricultural and non-agricultural land in various villages of the Lucknow district, especially those near proposed expressways and rapidly developing road networks.
The updated valuation list, released by the Lucknow district magistrate and effective from Thursday, is set to influence land transactions, stamp duty collections, and future real estate investments in the area.
As per the official notice, circle rates have risen in many villages under the Mohanlalganj, Sarojininagar, Malihabad, Bakshi Ka Talab, and Sadar tehsils. This revision came after soliciting public feedback and suggestions before finalizing the rates. The authorities indicated that these changes reflect the evolving market conditions and the increasing demand for land around key infrastructure projects.
The most significant increases are observed in areas near the Purvanchal Expressway and other key road corridors. For instance, Pahara village in the Mohanlalganj tehsil, located along the Purvanchal Expressway, now has a valuation rate of Rs 1 crore per hectare for agricultural land. Additionally, several villages in Sarojininagar have seen substantial revisions, with rates reaching Rs 1.30 crore per hectare in areas linked to vital road stretches connecting Mohanlalganj and Prayagraj highways.
Villages like Bhatola, Jaitikheda, Neeva, Parvar Paschim, and Parvar Purv have been categorized into higher valuation brackets due to their increasing development potential. In Sarojininagar Second, villages such as Banthra, Amawa, Kuroni, and Bhatau have also experienced rate hikes compared to prior assessments. Officials credit these revisions to better connectivity, increased industrial activity, and heightened investor interest in the outskirts of Lucknow.
The revised circle rates are likely to elevate property registration costs, as stamp duty is determined by either the transaction value or the stated circle rate, whichever is higher. Real estate experts believe these adjustments reflect the government’s acknowledgment of the significant rise in land values around upcoming infrastructure developments and logistics hubs. Concurrently, farmers and landowners in the affected villages may gain stronger negotiating power in future transactions.
Rakesh Singh, ADM Finance, Lucknow, stated, “The revised rates aim to align government valuations with current market prices while ensuring transparency in property transactions.” He added, “The updated rates were finalized after a public consultation period from May 29 to June 2, followed by a hearing on June 3.”
