India, Nov. 12 -- The Uttar Pradesh government has introduced a unified circle rate list aimed at simplifying property valuation and stamp duty calculation across the state. This move will enable citizens to independently assess their property's value and determine the applicable stamp duty without requiring technical assistance. Real estate experts have welcomed the initiative as a 'major step toward transparency,' noting that it holds particular significance for tier-2 and tier-3 cities that are witnessing rapid infrastructure-led growth and need reliable valuation benchmarks.

Implemented by the stamps and registration department, the new system replaces the earlier district-specific formats with a single, standardised structure aimed ...