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Kanpur Nagar has implemented revised circle rates, effective from September 5, 2025, introducing notable amendments to property valuation guidelines. Key changes include depreciation allowances for multi-story residential buildings, abolition of common facility fees, and adjustments in the valuation of large non-agricultural plots. Additionally, the valuation method for agricultural land in urban and semi-urban areas has been revised to reflect more practical and market-aligned rates. These updates aim to align property valuations with current market realities and streamline the property transaction process.
Kanpur Nagar has updated its land circle rates, effective from September 5, 2025, incorporating several significant changes to the property valuation framework. These revisions aim to make property valuations more reflective of current market conditions and to simplify the valuation process for various property types. Advertisement
One of the major amendments is the introduction of depreciation allowances for multi-story residential buildings. Previously, the valuation did not account for depreciation in such properties. Under the new guidelines, depreciation ranging from 30% to 60% is now permissible, depending on the age and condition of the building. This change is expected to result in more accurate valuations that consider the wear and tear of older structures.
Additionally, the common facility fee, which was previously set at a minimum of 18% of the property value, has been abolished. This move is anticipated to reduce the overall cost burden on property buyers and simplify the valuation process.
For large non-agricultural residential plots, the new guidelines introduce depreciation based on the plot size. Plots ranging from 1,000 to 2,000 square meters will now have a 20% depreciation, those between 2,000 and 3,000 square meters will have a 25% depreciation, and plots exceeding 3,000 square meters will see a 30% depreciation. This adjustment aims to better align the valuation with the actual market value of larger plots.
The previous formula-based valuation method for non-commercial constructions has been replaced with a depreciation model, allowing for a 30% to 60% depreciation based on the building's age. This change is expected to provide a more realistic assessment of property values, especially for older constructions.
In terms of agricultural land valuation in urban and semi-urban areas, the revised guidelines now prescribe a tiered approach. Land up to 0.051 hectare will be evaluated at four times the agricultural rate, land between 0.051 and 0.102 hectare at three times, land between 0.102 and 0.205 hectare at two times, and land exceeding 0.205 hectare at the prescribed agricultural rate. This approach aims to better reflect the market value of agricultural land being used for non-agricultural purposes.
The valuation of farmhouse properties has also been updated. Agricultural land within a farmhouse will be valued at the prescribed agricultural rate, while non-agricultural land will be valued at the non-agricultural rate. However, agricultural land up to 0.102 hectares will be valued at three times the fixed agricultural rate, ensuring that the valuation aligns more closely with the property's actual market value.
For commercial constructions and shops, the new guidelines introduce separate valuation slabs for different types of constructions. This differentiation aims to provide a more accurate valuation based on the construction type, ensuring that property values are assessed more precisely.
Furthermore, the depreciation rate for carpet or floor area valuation has been increased from the previous range of 5% to 15% to a new range of 10% to 20%. This adjustment reflects the increased wear and tear over time and aims to provide a more accurate representation of the property's value.
These comprehensive amendments to the circle rates and property valuation guidelines in Kanpur Nagar are expected to bring greater transparency and fairness to property transactions. By aligning valuations more closely with market realities, the new guidelines aim to facilitate smoother property transactions and ensure that property values are assessed more accurately.
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