Updated Circle rate in Lucknow 2022-23

As the circle rates in Lucknow are considered during property valuation, it is important to know all you can about them. This is especially the case if you’re looking to borrow a loan against property, as the valuation dictates the quantum of funding you can avail.

What is circle rate?

Circle rate is the minimum value that the government notifies for property valuation in a given area. Several transactions related to the property are initiated based on the applicable rate. What’s more, stamp duty is calculated and paid either the assessed value or declared transaction value, whichever is higher. As such, you must be informed about the rates across the different areas.

Circle rate in Lucknow

Here is a table with the circle rates in Lucknow for different areas.

What does the circle rate in Lucknow depend upon?

The circle rate in Lucknow depends on the factors listed below.

• The area where the property is located
• Available amenities
• Age of the property
• Type of property, depending on whether it is a flat, an independent house, or a plot
• Occupancy, i.e., either residential or commercial

The value of commercial properties is higher than residential ones. During property valuation, circle rates significantly affect the assessed value. However, when availing of a property loan, it is preferable to go for a residential property mortgage. This is because lenders consider residential properties as a more viable option.

Current stamp duty in Lucknow

Stamp duty is calculated and paid for the higher of the two values:

• The assessed value of the property
• Declared transaction value

Stamp duty rates in Lucknow for urban areas

Depending on this valuation, the stamp duty rates in Lucknow for urban areas are as follows.

• 6% for women (In case the property value is less than Rs. 10 lakh)
• 7% for women (For property value of more than Rs. 10 lakh)
• 7% for men

Stamp duty for agriculture land

Prevailing stamp duty for agriculture land stands at:

• 4% of property valuation for women
• 5% of property valuation for men

Stamp duty is also calculated depending on the area’s circle rate in Lucknow.

Registry charges in Lucknow

Property registration charges are fees paid to the government for ownership record maintenance. The applicable registration charges in Lucknow are 2% of the property value with a maximum of Rs. 20,000. A court fee of Rs. 10,200 is also payable during property registration.

How to calculate property value in Lucknow using the circle rate for stamp duty payment?

To calculate property value using circle rate, here are the steps to follow.

• Determine the property’s built-up area along with considerations like property age, amenities available, etc
• Determine the property type
• Choose the property’s locality
• Calculate the value using the following formula:

Property value = Built-up area (In sq. metres) x Circle rate for the locality (In Rs./sq. metres).

Areas in Lucknow

Check out the list of areas that have notified circle rates in Lucknow.

• Amar Shaheed Path
• Faizabad Road
• Ansal API Golf City
• Gomti Nagar
• Kanpur Road
• Jopling Road
• Gomti Nagar Extension Road
• Raibareli Road
• Mahanagar
• Vibhuti Khand
• Sitapur Road
• Sushant Golf City
• Sultanpur Road
• Vrindavan Yojana
• Indira Nagar
• Lucknow Cantt
• Jankipuram
• Rajajipuram
• Ashiyana
• Aminabad
• Eldeco
• Hazratganj