Hyderabad's western corridor, the fastest-growing real estate belt for over a decade, has been hit with a steep rise in property registration charges. From Friday, the state government's revised land rates came into effect across Telangana, covering both agricultural and non-agricultural land.
Sharpest Hikes in Western Parts
While the western parts of the city saw the sharpest hikes, surrounding areas recorded hikes ranging between 25% and 75%. Several core city neighborhoods were spared from heavy revisions, with residential colonies capped at a 25% hike.
Raidurg Panmaktha Leads the Surge
The most dramatic change came in Raidurg Panmaktha, where one acre recently fetched Rs 237 crore. Here, the registration rate has been raised from Rs 13.84 crore to Rs 24.22 crore per acre. Madhapur and Khajaguda too were fixed at Rs 24.22 crore per acre.
Prime Plot Rates Revised
Plot rates along prime stretches — Mindspace, Hi-Tec City Road, Shilpa Layout Flyover, and NH Bombay area — now stand at Rs 78,600 per sq yard, while residential plots are pegged at Rs 48,300 per sq yard.
Government Streamlines Rate Brackets
Officials said the government has streamlined the system into two or three rate brackets to avoid confusion. The core urban region has been divided into three categories: areas witnessing rapid development, developing areas, and no-development zones. Even within booming localities like Raidurg, separate rates have been set for commercial main roads and residential pockets.
IT Corridor and Surroundings
In the IT corridor and its surrounds — Gachibowli, Guttala Begumpet, Raidurg Paigah, Nanakramguda, and Izzatnagar — land values rose from Rs 11-13 crore per acre to Rs 19-20 crore. In Chandanagar and Taranagar, the rates moved from Rs 6.79 crore to Rs 11 crore per acre.
Kokapet and Narsingi See Sharp Jumps
Kokapet, another hotspot, saw a sharp jump — from Rs 2-4 crore per acre to Rs 6.82 crore on leading roads such as Golden Mile and Rajpushpa Project Road. Plot rates here range between Rs 27,000 and Rs 47,600 per sq yard, while flat rates are revised to Rs 6,600 and Rs 2,700 per sq ft. Narsingi mirrors Kokapet's pricing, with plots between Rs 27,000 and Rs 47,600 per sq yard.
Reduction in Flat Registration Prices
The government has reduced registration prices of flats on the ground floor in sub-registrar offices such as Rangareddy, Serilingampally, Gandipet, Shamshabad, Medchal, Vallabhnagar, Balanagar, and Kukatpally. The existing rate of Rs 7,300 per sq ft is reduced to Rs 6,600 per sq ft in commercial buildings, a senior registration and stamps department official told TOI.
Core City Zones Unchanged
Meanwhile, in saturated core city zones, rates remain unchanged. In Banjara Hills, residential flats continue at Rs 4,500 per sq ft, while Film Nagar holds steady at Rs 4,800. Commercial buildings, however, rose from Rs 7,600 to Rs 8,400 per sq ft. Other areas — Himayatnagar, Hyderguda, Chikkadpally, Lower Tank Bund, and several colonies across Hyderabad and Secunderabad — saw no revision at all.
About the Author
Koride Mahesh has been working with the Times of India, Hyderabad for over two decades. He is currently senior assistant editor of TOI, Hyderabad. He holds a PhD (doctorate) in Journalism and has a total of 32 years of experience in print journalism. He extensively writes on urban infrastructure, projects, civic issues, real estate market, land issues, energy, irrigation, and state government administration in Telangana. He also covers state political developments, especially BRS.
