Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
The Uttarakhand government has increased property circle rates across the state, with hikes ranging from 9% to 22% and an average rise of about 15%. This revision, the first in two years, reflects rising construction activity and higher land demand. Dehradun's Rajpur Road continues to be the priciest locality, while Thano Road recorded the steepest increase. The move is expected to make residential and commercial properties costlier and boost government revenue from property registrations, aligning property values with current market trends.
The Uttarakhand government has recently revised property circle rates across the state, increasing them by 9% to 22%, with an average rise of approximately 15% in most areas. This revision comes two years after the last adjustment in 2023, which had raised rates by 10% to 20%. Officials cited a surge in construction activity and growing land demand as the key factors behind the decision. Advertisement
Dehradun's Rajpur Road remains the most expensive locality in the state, with circle rates now ranging between INR 60,000 and INR 68,000 per square meter, reflecting a 9% increase. Thano Road in Dehradun, connecting the city to the airport and Rishikesh, witnessed the steepest hike of 22%. Another significant adjustment occurred along the stretch from the RTO office to the Mussoorie bypass on Rajpur Road, where rates rose from INR 55,000 to INR 60,000 per square meter.
The state continues to follow the principle that properties closer to main roads attract higher rates. Land within 50 meters of the main road is priced the highest, followed by properties between 50 and 350 meters, while properties beyond 350 meters are valued lower.
This adjustment is expected to make residential flats and commercial spaces more expensive, potentially affecting buyers and investors. However, the increase will help the state generate additional revenue from property registrations and ensure property values reflect current market conditions.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
