After seven years, the circle rate of land in the Sadar tehsil of Ayodhya district will be raised by up to 200 per cent from next month, officials here said on Friday.
After the consecration ceremony of the Ram Temple in Ayodhya earlier this year, the land prices in the temple town have witnessed an increase at a fast pace.
Investors, real estate companies and big hotel chains are purchasing lands in Ayodhya.
Ayodhya Divisional Commissioner Gaurav Dayal said, "Notice for the increase of circle rate has been published and the exact circle rate will be issued in the first week of next month".
According to a notice at the District Collectorate here, after September 4, the district administration will release the new circle rate, the procedure for which has been completed.
On the instructions of the District Magistrate of Ayodhya CV Singh, the process of revision of the valuation list has been finalised in the district under Rule 4 of Uttar Pradesh Stamp (Valuation of Property) 1997,
