Hyderabad – The Registration and Stamps (R&S) Department of Telangana is set to implement a significant increase in government land values for property registrations, following approval from the state government.
This revision will primarily target sub-registrar offices that have witnessed the highest volume of transactions over the past three years. The sub-registrars have been tasked with compiling transaction data from their respective jurisdictions and submitting detailed reports. Officials have indicated that while land values were previously revised by up to 50% to 60% two years ago, the current enhancement will be in the range of 20% to 30% on the existing values. “There has been a persistent disparity between government-assessed land values and market rates, particularly in urban and semi-urban areas. This revision aims to bridge that gap,” a senior official from the Registration and Stamps Department stated. The last adjustment of government land values was conducted hastily and lacked a scientific basis, but the current exercise promises a more methodical approach, according to sources.
Rangareddy district, especially the western parts of Hyderabad such as Madhapur, Gachibowli, Serilingampally, Gandipet, Shankarpally, Shamshabad, Medchal Malkajgiri, and the southern areas of Hyderabad including Jubilee Hills, Banjara Hills, and Shaikpet, have reported the highest number of property transactions. Additionally, Sangareddy district, covering areas like Tellapur, Patancheru, and surrounding locales up to Sangareddy and Sadasivpet, also sees significant activity.
Rangareddy district remains a significant revenue generator for the Registration and Stamps Department, contributing approximately 50% of the state’s revenue from property registrations. Other critical districts within the Hyderabad Metropolitan Development Authority (HMDA) limits, such as Mahabubnagar, Yadadri Bhuvanagiri, and Vikarabad, also play a substantial role. Within the HMDA limits, market rates for land can range from ₹1 crore to ₹30 crore per acre, while the government-assessed values for registration purposes are considerably lower. Similarly, the average registration value for flats in premium areas stands at ₹3,000 per square foot, whereas builders sell at prices reaching up to ₹10,000 per square foot, with an average of about ₹6,000 per square foot.
Given that agricultural land values were adjusted to reflect up to 50% of market value two years ago, rural areas may see minimal changes apart from potential revisions in registration fees and stamp duties. The committees responsible for proposing these revisions at the mandal and district levels will submit their recommendations once the election model code of conduct concludes on June 5. This methodical revision of land values is expected to standardise property valuations more accurately with market rates, thus streamlining the registration process and ensuring fairer revenue generation for the state.
