The Telangana government is considering a significant increase in property registration rates in Hyderabad's upscale western corridor. If the state government accepts the latest recommendations from the revenue department, registration values could rise nearly fourfold in prime locations such as Raidurg and Gachibowli.
Proposed Registration Values
According to sources familiar with the matter, the revenue department has proposed revised registration values of Rs 50 crore to Rs 55 crore per acre in Raidurg and Gachibowli. Currently, these areas see registration values ranging from Rs 11.32 crore to Rs 13.85 crore per acre. These locations form the core of Hyderabad's IT corridor, making them highly sought after for commercial and residential development.
The state government has yet to decide whether to implement the recommendations fully or to limit the increase to around 100%. Even a 100% hike would result in the highest land registration values in Telangana, surpassing all other regions in the state.
Comparison with Auction Prices
A revenue official highlighted the disparity between auction prices and current registration values. In government land auctions at Raidurg Panmaktha and Raidurg Nav Khalsa villages, the average bid amounts touched nearly Rs 140 crore per acre. In contrast, the current registration value remains between Rs 11 crore and Rs 13 crore. Similarly, in Kokapet's Neopolis, one land parcel was sold for Rs 100 crore per acre, with an average bid value of Rs 42 crore, against an existing registration rate of only Rs 2 crore per acre.
In Chandanagar, where the present registration value stands at Rs 6.5 crore per acre, the revised rate is expected to touch Rs 10 crore. In Kokapet, Vattinagulapally, the Financial District, Gopanpally, and neighbouring areas, the government is considering increasing market values by up to Rs 10 crore over the existing Rs 2 crore to Rs 2.5 crore per acre.
Non-Agricultural Properties and Apartments
For non-agricultural properties and apartments, the government is weighing a revision from the current Rs 3,000 per square foot to as high as Rs 6,500 per square foot across the western corridor. This would represent a more than doubling of registration costs for such properties.
Premium Residential Localities
In premium residential localities such as Jubilee Hills and Banjara Hills, where prevailing rates already range between Rs 60,000 and Rs 90,000 per square yard, the increase is likely to remain modest at around 10% to 20%. These areas are expected to see smaller adjustments due to already high existing values.
Revenue Generation Goals
With the proposed revision, the state government aims to generate an additional Rs 2,000 crore in revenue during the fiscal year 2026–27. This move is part of broader efforts to align registration values with actual market prices, thereby increasing state revenues from property transactions.
Timeline and Implementation
A few weeks ago, the state cabinet asked the Registration and Stamps (R&S) department to prepare recommendations for a revision in land values, expected to come into effect from June 1. Revenue and sub-registrar officials have reportedly been asked to submit their proposals before May 28. The government has instructed the R&S department to keep the overall hike in land values between 30% and 50%, except in exceptional cases where there is a significant gap between prevailing market prices and existing registration values.
The decision on whether to adopt the full recommendations or a scaled-down version will be crucial for property buyers and sellers in Hyderabad's western corridor. Stakeholders are closely watching the government's next move.
