The state government is currently in the process of drafting new circle rates for Uttarakhand, which will be applicable across the entire state. Circle rates are crucial as they define the minimum rates of properties, including land, flats, apartments, and commercial buildings. These rates serve as a benchmark for property transactions and ensure transparency in property valuation.
Uttarakhand New Circle Rates 2024
The finance department has already received proposals with new circle rates from some districts, while proposals from other districts are expected to be submitted by August. This comprehensive review and update of circle rates aim to reflect the current market conditions and ensure fair property valuations throughout Uttarakhand.
Cities like Dehradun, Haridwar, and Haldwani are prime locations for property investment in Uttarakhand. With the upcoming revision of circle rates, property prices in these cities are expected to rise once again, following the significant increase in circle rates last year.
The new circle rates are anticipated to be finalized and implemented by the end of September 2024, ensuring a uniform property valuation system across the state. This update will have significant implications for property buyers, sellers, and investors, making it essential for all stakeholders to stay informed about these changes.
When were Circle Rates last revised in Uttarakhand?
The circle rates in Uttarakhand were last revised in Feb 2023 where some of the regions had seen an increase of as much as 100%. Click to check the latest circle rates in Uttarakhand.
You can check the circle rates of cities like Dehradun, Almora, Haridwar etc on the above link.
