If you are also planning to buy land in Ayodhya or want to build your house here, you should be prepared for an increase in rates of land in urban areas of Ayodhya. The circle rate of major places in Ayodhya can increase by about 200 percent.
After the construction of the Ram Janmabhoomi temple at Ayodhya, the prices of land in the temple city as well as in the surrounding areas are skyrocketing. It should be noted that the circle rate of land in Ayodhya city will be increased after a span of seven years. The last revision in circle rate was in 2017.
Ever since the construction of the Ram Janmabhoomi temple started in Ayodhya, the temple city has come to the attention of the country and the world. Everyone is keen to build their house in Ayodhya. This may be the reason why biggest industrialists and superstars in the world of entertainment have purchased land in the city of Lord Ram.
However, buying land in Ayodhya is expected to be more expensive from now on. In 2022, when the construction of the Ram Janmabhoomi temple was in full swing, the local administration had proposed an increase in the circle rate. However, it could not be done at that time.
What is Circle Rate?
The circle rate is the minimum rate of property in an area. Any piece of land or house cannot be bought or sold at a price lower than that. The circle rate is issued by the administration of the area. The purpose of issuing it is to prevent tax evasion. Even if the price written on the sales deed is less than the circle rate, the Sub-Registrar concerned with the Stamp and Registration Department calculates the stamp duty as per the current circle rate.
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