{"id":889,"date":"2025-08-01T21:22:36","date_gmt":"2025-08-01T21:22:36","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/01\/lucknow-property-prices-to-rise-as-circle-rates-revised-after-10-years-check-list-business-news\/"},"modified":"2025-08-01T21:22:36","modified_gmt":"2025-08-01T21:22:36","slug":"lucknow-property-prices-to-rise-as-circle-rates-revised-after-10-years-check-list-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/01\/lucknow-property-prices-to-rise-as-circle-rates-revised-after-10-years-check-list-business-news\/","title":{"rendered":"Lucknow Property Prices To Rise As Circle Rates Revised After 10 Years | Check List | Business News"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"story-9477316\">\n<p><span class=\"jsx-730caffcddfd709\">Last Updated:<\/span><time class=\"jsx-730caffcddfd709\">August 01, 2025, 12:58 IST<\/time><\/p>\n<h2 id=\"asubttl-9477316\" class=\"jsx-e71bd712c195739a jsx-286315398 asubttl-schema\">New circle rates in Lucknow have resulted in price hikes of up to 40% for land, homes, and commercial properties. This will make property purchases more expensive across the city<\/h2>\n<figure class=\"jsx-e71bd712c195739a jsx-286315398 amimg\"><img decoding=\"async\" alt=\"These revised circle rates will influence the calculation of stamp duty and registration fees, leading to higher costs for property buyers across the city. (News18)\" title=\"These revised circle rates will influence the calculation of stamp duty and registration fees, leading to higher costs for property buyers across the city. (News18)\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2021\/07\/1627283897_news18_logo-1200x800.jpg?impolicy=website&amp;width=400&amp;height=225\" loading=\"eager\" fetchpriority=\"high\" class=\"jsx-e71bd712c195739a jsx-286315398\"\/><\/p>\n<p>These revised circle rates will influence the calculation of stamp duty and registration fees, leading to higher costs for property buyers across the city. (News18)<\/p>\n<\/figure>\n<p id=\"0\" class=\"story_para_0\">Properties in Lucknow are set to get costlier with the <a href=\"https:\/\/www.news18.com\/business\/haryana-circle-rate-hike-properties-in-gurugram-faridabad-to-get-even-more-expensive-ws-adkl-9473139.html\">circle rates<\/a> for the city revised for the first time in 10 years. The change, affective August 1, will impact the city\u2019s real estate market, affecting both buyers and sellers alike.<\/p>\n<h2>Details Of The New Circle Rates<\/h2>\n<p id=\"2\" class=\"story_para_2\">The Lucknow District Administration has introduced updated rates for 77 major roads and 26 authorised colonies across the city. The increases are as follows:<\/p>\n<ul class=\"listOncontentArticleUL\">\n<li><strong>Agricultural land:<\/strong> Up by 15%<\/li>\n<li><strong>Commercial properties:<\/strong> Up by 25%<\/li>\n<li><strong>Flats in multi-storey buildings:<\/strong> Up by 20%<\/li>\n<li><strong>Commercial establishments (shops, offices, warehouses):<\/strong> Up by 20%, with some areas experiencing rises of up to 40%.<\/li>\n<\/ul>\n<p id=\"4\" class=\"story_para_4\">These increases are aimed at correcting valuation discrepancies dating back to 2015.<\/p>\n<h2>Impact On Key Areas In Lucknow<\/h2>\n<p id=\"6\" class=\"story_para_6\">The revision has made Gomtinagar the most expensive area in the city, with circle rates ranging from Rs 7,100 to Rs 7,500 per sq ft. Other prominent areas include Mahanagar with fixed circle rate of Rs 6,043 per sq m and Indiranagar having circle rate of Rs 6,000 per sq ft.<\/p>\n<p id=\"7\" class=\"story_para_7\">In contrast, areas like Anantnagar and Santushti Enclave have lower circle rates.<\/p>\n<h2>Driving Factors Behind The Increase<\/h2>\n<p id=\"9\" class=\"story_para_9\">The District Administration reports an average 25% rise in the price of non-agricultural land. This increase is driven by the city\u2019s rapid urbanisation, improved infrastructure, and growing property demand.<\/p>\n<h2>Transparency And Prevention Of Undervaluation<\/h2>\n<p id=\"11\" class=\"story_para_11\">Rakesh Kumar, the Additional District Magistrate (Finance), stated that the primary aim of this revision is to ensure greater transparency in property transactions and prevent undervaluation.<\/p>\n<p id=\"12\" class=\"story_para_12\">Under the new rates, plots for commercial use will be valued 50% higher than non-agricultural land if they are clearly designated as commercial in the city\u2019s master plan.<\/p>\n<h2>How To Check The New Circle Rates<\/h2>\n<p id=\"14\" class=\"story_para_14\">The updated circle rates can be accessed on the official Lucknow NIC <a href=\"https:\/\/lucknow.nic.in\/\" rel=\"nofollow\">website<\/a> or checked at the Assistant Inspector General Registration offices or Sub-Registrar offices.<\/p>\n<h2>Effect On Property Purchases And Fees<\/h2>\n<p id=\"16\" class=\"story_para_16\">These revised circle rates will also influence the calculation of stamp duty and registration fees, leading to higher costs for property buyers. While experts believe this will bring greater transparency to the real estate market, it also means buyers will need to spend more.<\/p>\n<p id=\"17\" class=\"story_para_17\">The revised circle rates in Lucknow are a significant step towards ensuring transparency in property transactions, although it will lead to increased costs for buyers and investors.<\/p>\n<div class=\"jsx-e71bd712c195739a jsx-286315398 artcta\">Stay updated with all the latest business news, including <a href=\"https:\/\/www.news18.com\/business\/markets\/\">market trends<\/a>,\u00a0<a href=\"https:\/\/www.news18.com\/topics\/stocks-to-watch\/\">stock updates<\/a>,\u00a0<a href=\"https:\/\/www.news18.com\/business\/tax\/\">tax<\/a>, IPO,\u00a0<a href=\"https:\/\/www.news18.com\/business\/banking-finance\/\">banking finance<\/a>, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates\u2014only on News18. Also\u00a0<span data-olk-copy-source=\"MessageBody\">Download the\u00a0<a href=\"https:\/\/onelink.to\/eng-article-eop\">News18 App<\/a>\u00a0to stay updated!<\/span><\/div>\n<p><span class=\"jsx-e71bd712c195739a jsx-286315398 coral-count-custom\">view comments<\/span><\/p>\n<div class=\"jsx-e71bd712c195739a jsx-286315398 brdcrmb\"><a href=\"https:\/\/www.news18.com\/\">News<\/a>  <a href=\"https:\/\/www.news18.com\/business\/\">business<\/a>  <span class=\"brdout\"> Lucknow Property Prices To Rise As Circle Rates Revised After 10 Years | Check List<\/span><\/div>\n<div id=\"coral-wrap\" class=\"jsx-9278cad478d6a6dc \">\n<div class=\"jsx-9278cad478d6a6dc coral-cont\">\n<div class=\"jsx-9278cad478d6a6dc coltoptxt\">Disclaimer: Comments reflect users\u2019 views, not News18\u2019s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our <a href=\"https:\/\/www.news18.com\/disclaimer\/\" class=\"jsx-9278cad478d6a6dc\">Terms of Use<\/a> and <a href=\"https:\/\/www.news18.com\/privacy_policy\/\" class=\"jsx-9278cad478d6a6dc\">Privacy Policy<\/a>.<\/div>\n<\/div>\n<\/div>\n<p><span class=\"jsx-e71bd712c195739a jsx-286315398 rmbtn news18_read_more\">Read More<\/span><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.news18.com\/business\/lucknow-property-prices-to-rise-as-circle-rates-revised-after-10-years-check-list-ws-dkln-9477316.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last Updated:August 01, 2025, 12:58 IST New circle rates in Lucknow have resulted in price hikes of up to 40% for land, homes, and commercial properties. This will make property purchases more expensive across the city These revised circle rates will influence the calculation of stamp duty and registration fees, leading to higher costs for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=889"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/890"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}