​Circle rates surge in villages along expressway corridor in Lucknow

Lucknow: The Uttar Pradesh govt has revised the circle rates of agricultural and non-agricultural land across several villages in Lucknow district, particularly those located along and around proposed link-expressway corridors and rapidly developing road networks.

The revised valuation list, issued by the Lucknow district magistrate and made effective from Thursday, is expected to have a direct impact on land transactions, stamp duty collections and future real estate investments in the region.

According to the official notification, circle rates have been increased in numerous villages falling under Mohanlalganj, Sarojininagar, Malihabad, Bakshi Ka Talab and Sadar tehsils. The revision follows a public consultation process in which objections and suggestions were invited before the final rates were approved. Officials said the exercise was carried out in view of changing market conditions and rising land demand around key infrastructure projects.

The most notable increase has been recorded in villages located near the Purvanchal Expressway and other strategic road corridors. In Mohanlalganj tehsil, Pahara village, situated along the Purvanchal Expressway alignment, has been assigned a valuation rate of Rs 1 crore per hectare for agricultural land. Several villages in Sarojininagar have also witnessed substantial revisions, with rates touching Rs 1.30 crore per hectare in areas connected to important road stretches linking Mohanlalganj and Prayagraj highways.

Villages such as Bhatola, Jaitikheda, Neeva, Parvar Paschim and Parvar Purv have been placed in higher valuation brackets due to increasing development potential. In Sarojininagar Second, villages including Banthra, Amawa, Kuroni and Bhatau have also seen higher rates compared with previous assessments. Officials attribute the revisions to improved connectivity, industrial activity and growing investor interest in peripheral zones of Lucknow.

The revised circle rates are expected to raise the cost of property registration because stamp duty is calculated on the basis of either the transaction value or the notified circle rate, whichever is higher. Real estate experts believe the move reflects the govt’s recognition of the sharp appreciation in land values around upcoming infrastructure projects and logistics hubs. At the same time, farmers and landowners in affected villages may benefit from stronger bargaining power during future land transactions.

Rakesh Singh, ADM Finance, Lucknow, said, “The revised rates are aimed at bringing govt valuations closer to prevailing market prices and ensuring transparency in property dealings.”

He added, “The updated rates were finalised after inviting objections and suggestions from the public between May 29 and June 2, followed by a hearing on June 3.”