By Admin 
Ayodhya circle rate: After the life of Ramlala in the Shri Ram temple in Ayodhya on January 2024, there was a wonderful bounce in the real estate sector here. Alam is that for the first time in the last 8 years, the circle rate has increased three times. According to the location, the circle rate has been increased in different areas of the city, which will be effective from Saturday. Registration of land with the new rate is going to start today from June 9, 2025.
What is a circle rate?
Explain that the circle rate means the minimum rate of the property in an area, that is, the land cannot be purchased at a lower price. Stamp duty has to be paid at the time of registration on the basis of circle rate. Indian Express quoted District Magistrate (Ayodhya) Nikhil Funde in its report, after considering the objections received on our proposal in August last year, we have approved the decision to increase the circle rate.
Price of property touching the sky in Ayodhya
Circle rates in Ayodhya have not been increased for the last seven years, while the land transactions have risen since the Supreme Court’s decision in 2019. Land prices have also increased. After the construction of the Ram temple for an estimated 2150 crores, the government of Uttar Pradesh has also targeted an investment of Rs 85,000 crore for the redevelopment of Ayodhya. As a result, the real estate sector here has gained tremendous boom. Property prices are skyrocketing.
Since 2019, the prices of land around the Ram temple have increased by 5-10 times. There are some areas where property is being sold at a rate of 8,000-20,000 square feet. Prices have also risen in far-flung areas. Now even big celebrities have started buying land in Ayodhya. According to media reports, Amitabh Bachchan has bought a land 10 km from Ram temple. Here too, he had bought a land here earlier.
What does the law say?
According to the 2015 amendment to the Uttar Pradesh Stamp Act (originally passed in 1997), the collector of each district can amend the land prices every year in August. In this amendment, land use, irrigation availability, roads, markets, transport centers, factories, schools, hospitals, proximity to government offices and land in the city or in the village are taken into consideration. Ayodhya is one of the 54 districts of Uttar Pradesh where the circle rate was last revised in 2017. The rates in 21 districts were revised in 2023.
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