People looking to invest in property in the region will soon have to pay more, as the district administration is set to revise land circle rates upward. According to officials, benchmark rates for residential properties in prime areas could rise by about 40%, while agricultural land in outer areas may see a 10–30% increase.

The new rates will take effect from Saturday, requiring buyers to pay higher stamp duty. The circle rates had not been revised since 2017. Observing the increased property values recorded in sale deeds, the local administration began revising stamp duty rates last year.

The district, divided into multiple administrative subdivisions, will see substantial increases in the benchmark value of agricultural, non-agricultural, commercial plots, and vacant land. A senior district official stated that after conducting local surveys and reviewing property values mentioned in sale deeds, the revised rates were finalized following public objections and suggestions.

A state-level official said the higher rates will help generate more revenue and benefit farmers and property owners affected by development projects, as the value of land acquired by public agencies and private developers will also rise proportionately. 

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