Circle rates in Lucknow


Mentioned below are the prevailing circle rates in prominent localities of Lucknow

Home buyers in Lucknow have to pay stamp duty and registration charges, to get the property legally registered in their name. The stamp duty calculation is done based on the Lucknow circle rate, which is fixed by the Uttar Pradesh government. These rates for properties in Lucknow vary from area to area. In this article, we look at the current rates in some of the important residential localities of Lucknow.

 

What is circle rate?

Circle rate is the state-fixed minimum rate below which a property cannot be sold. For stamp duty calculation purpose, revenue officials factor in the circle rate of property even if the seller agrees to sell the asset below the circle rate.

 

Circle rates

 

Circle rates in Lucknow in 2021

Even though the state government has paid no heed to the suggestions by various industry bodies, to lower stamp duty and registration charges in Uttar Pradesh,  in the wake of the Coronavirus pandemic, it has kept circle rates unchanged in 2020. Recall here that the Haryana government recently announced a hike in circle rates.

 

Area between roads Circle rate in Rs per sq metre
From Hazratganj Chauraha to Kalidas Marg Chauraha, Mahatma Gandhi Marg Rs 76,000
From Charbagh Station to Awadh Hospital; From Singar Nagar Chauraha to Hydel Chauraha; From Kaiserbagh Chauraha to Charbagh Rs 55,000
Sitapur Road Rs 39,000
From Telibagh Nagar to PGI Nagar Nigam limit; From Subhash Marg Medical College to Charbagh Tiraha; From Guru Govind Singh Marg Hussainganj Chauraha to Naka Chauraha Rs 31,000
Faizabad Road (From Chinhat village limit to Lucknow city limit) Rs 30,000
Sultanpur Road, Shaheed Path Rs 25,000
Hardoi Road Rs 20,000
From Chinhat village to Satrikh Rs 14,000

See also: All about bhu naksha in Uttar Pradesh

 

Circle rates in Lucknow’s premium areas

Area Circle rate in Rs per sq metre
Vibhuti Khand Rs 40,000
Eldeco Green, Vipul Khand Rs 39,500
Faizabad Road Rs 36,000
Vijay Khand, Vijay Khand, Vipin Khand, Vishal Khand Rs 33,500
Gomti Nagar Phase 3, Gomti Nagar Extension, Gomti Greens, Vastu Khand, Vaibhav Enclave, Vikas Khand, Vikalp Khand, Vinagra Khand, Vinay Khand, Vinit Khand, Vikrant Khand, Vishwas Khand, Vibhav, Vivek Khand, Vijyant Khand, Vishesh Khand, Virat Khand, Viraj, Viram Khand Rs 30,500
Rana Pratap Marg Rs 29,000
Gautam Palli, Gulistan Colony, Transport Nagar Rs 28,000
Park Road, Park Lane, Mahatma Gandhi Marg, Motilal Nehru Road, Miling Toniya Road, Vidhan Sabha Marg, Vivekanand Marg, Vikramaditya Marg Rs 27,500
AP Sen Road Rs 26,000
Gautam Budh Marg, Charbagh Rs 25,000
Saket Palli, Pirpur Square, Bandriya Bagh, Banarasi Bagh Rs 22,500
Ashiyana, Jiyamau, Srijan Vihar Colony Rs 22,000
Darbari Lal Sharma Rs 21,500
Gurunanak Market, Vrindaban Yojan Rs 21, 000
Havelock Road, La Martiniere Colony, Trilokinath, Manas Nagar Rs 20,000
Marutipuram Rs 19,500
Raibareli Road Yojna, Aishbagh, Eldeco, Kanpur Road Pariyojana, Awadh Vihar Pariyojna, Sharda Nagar, Sharda Nagar Yojana Rs 19,000
Butler Palace Colony, Butler Ganj, BBD Green City Shahpur Rs 18,000
Sushant City, from Sector A to E Rs 18,500
Cantt Road, Kasaibada, Pandariba Rs 18,000
Aabadi Kabristan Mall Avenue, Vindsor Palace Rs 16,500
Omaxe City, Alambagh Rs 16,000
Sarojini Naidu Marg, Chitwapur Road, Canal Colony, Uday Ganj, Uday Ganj Road, Mangal Kheda Rs 15,500
Sushant City, From Sector F to I Rs 15,000

See also: Posh areas in Lucknow

 

Circle rate for flats/apartments in multi-storey buildings in Lucknow

Rates vary between Rs 18,000 per sq metre to Rs 26,000 per sq metre.

Check out price trends in Lucknow

 

Calculation of stamp duty on flats in Lucknow based on circle rates

You can calculate the minimum assessed value as per the current circle rate, using the following formulae:

 

For apartments in a housing society

Carpet area in sq ft multiplied by (x) applicable circle rates

 

For builder floors

Built-up area in sq yard x applicable circle rates

 

For plots

Plot area in sq yard x applicable circle rate

 

For independent homes built on plots

Plot area in sq yard x applicable circle rate for land added to (+) built-up area in sq ft x minimum cost of construction

 

See also: Everything you need to know about Lucknow property tax

 

Stamp duty and property registration charge in Lucknow

For men 7%
For women 6%
Joint 6.5%

Both men and women buyers have to pay 1% of the transaction value as the registration charge on property purchases.

See also: Stamp duty in 20 Tier-II cities

 

How to calculate stamp duty on property purchase in Lucknow?

To calculate the stamp duty on your property, first arrive at its actual cost by way of multiplying the per sq metre circle rate with the built-up area of the house. So, if the property is spread across 1,000 sq metres and the circle rate in the area where the property is located is Rs 5,000 per sq metre, the worth of the property will be:

1,000 x Rs 5,000 = Rs 50 lakhs

If this property is to be registered in the name of a man, the buyer will be spending 7% of the Rs 50 lakhs, i.e., Rs 3.50 lakhs, as stamp duty and an additional Rs 50,000 as the registration charge. Similarly, if the property were to be registered in the name of a woman, the stamp duty at 6% will amount to Rs 3 lakhs, while the registration charge will be Rs 50,000.

See also: All about the UP IGRS portal

 

FAQs

What is the stamp duty on property registration in Lucknow?

While the stamp duty is 7% for men, it is 6% of the property value for women buyers.

What is the registration charge on property purchase in Lucknow?

Buyers have to pay 1% of the transaction value as the registration charge.

What is the circle rate in Gomti Nagar?

Depending on the specific khand, you will have to pay between Rs 30,000 and Rs 40,000 per sq metre as the circle rate in Gomti Nagar. These charges are applicable on land purchase.

 

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