Lucknow, Oct. 5 -- The Uttar Pradesh government is developing a digital system that will enable people to automatically calculate the value of their property and the stamp duty payable, based on the circle rates applicable in their area.
The move aims to make property valuation transparent, consistent and hassle-free, reducing dependence on middlemen such as dealers and private evaluators for simple information. The step will follow the standardisation of circle rates that are currently believed to have wide discrepancies across districts.
"We are working on two fronts. First, we are working on a system that people can use to auto calculate the value of their property and stamp duty payable on the basis of the circle rates prevalent in ...
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