- Effective August 1, 2025, the Lucknow administration updated circle rates across the city, marking the first revision in a decade (The Times of India, Business Standard, Navbharat Times).
- Gomtinagar has emerged as the most expensive area, with land rates set at ₹77,000 per sq meter, particularly in prime zones like Viraj Khand and Vibhuti Khand (The Times of India).
- Other upscale neighborhoods also saw increases:
- Mahanagar: ₹41,000 – ₹65,000 per sq meter
- Indiranagar: ₹35,000 – ₹62,000 per sq meter (The Times of India).
Purpose & Broader Impact
- The revised rates aim to align circle rates closer to prevailing market prices, especially in areas where discrepancies were most pronounced (e.g., previously, properties in townships like Ansal or Emaar were sold far above the circle rate) (The Times of India, Knocksense).
- The hike varies by property type:
- Agricultural land: +15%
- Commercial plots: +25%
- Flats, shops, offices, warehouses: +20%
- Additional provisions include a 20–50% upward adjustment for non-agricultural plots adjacent to commercial zones (The Times of India, Knocksense).
Supporting Features & Benefits
- QR codes have been introduced for quick access to rate sheets and department information.
- Stamp duty for intra-family property transfers is now capped at ₹5,000, easing the regulatory burden on such transactions (The Times of India).
- Overall, the revision seeks to improve transparency, reduce discrepancies, and boost government revenue through more realistic valuation (Navbharat Times, The Times of India).
Summary Table
| Feature | Details |
|---|---|
| Effective Date | August 1, 2025 |
| Most Expensive Area | Gomtinagar (~₹77,000/sq m) |
| Key Areas with Hiked Rates | Mahanagar (₹41k–65k), Indiranagar (₹35k–62k) |
| Property Type Hikes | Agricultural: +15%, Commercial: +25%, Others: +20% |
| Special Adjustments | +20–50% for plots near commercial areas |
| Regulatory Enhancements | QR codes for rate access, capped family transfer stamp duty |
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