After the consecration of Ramlala in Shri ram temple in ayodhya in january 2024, the real estate sector here saw a tremendous boom. The situation is such that for the first time in the last 8 years, the circle rate has increased three times. Circle rates have been increased in different areas of the city according to the location, which will be effective from Saturday. Registration of land with the new rate is going to start from today, june 9, 2025.
What is circle rate?
Let us tell you that circle rate means the minimum rate of property in an area, that is, land cannot be bought or sold at a price lower than this. Stamp duty has to be paid at the time of registration on the basis of circle rate. The 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."
Property prices skyrocketing in Ayodhya
Circle rates in ayodhya have not been increased for the last seven years, while there has been a boom in land transactions since the supreme Court's decision in 2019. Land prices have also increased. After the construction of ram temple at an estimated Rs 2150 crore, the Uttar Pradesh government has also set a target of investing Rs 85,000 crore for the redevelopment of Ayodhya. As a result, the real estate sector here has boomed tremendously. Property prices are skyrocketing.
Since the year 2019, the land prices around ram temple have increased 5-10 times. There are some areas where properties are being sold at the rate of 8,000-20,000 square feet. Prices have shot up even in far-flung areas. Now even big celebrities have started buying land in Ayodhya. According to media reports, amitabh bachchan has bought a piece of land 10 kilometres away from the ram Mandir. He had bought a piece of land here earlier too.
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