The Telangana government has implemented revised land values for property registrations across the state from June 5, marking the first major revision in nearly a year. The new rates apply to both agricultural and non-agricultural properties.
Objective of the Revision
According to the government, the revision is aimed at narrowing the gap between officially notified registration values and prevailing market prices. This move is intended to bring transparency and reduce discrepancies that have been causing difficulties for property buyers and sellers.
How Much Have Rates Increased?
The revised land values have been grouped into four slabs: 25 per cent, 50 per cent, 75 per cent, and 100 per cent increase. Officials stated that most areas fall under the 25 per cent, 50 per cent, or 75 per cent categories. Only select high-value locations in Hyderabad's core urban region, including land along the Outer Ring Road (ORR), highways, radial roads, and premium localities such as Kokapet and Raidurg, have seen a 100 per cent increase. Notably, about 10 per cent of areas have witnessed no revision at all.
Why Did the Government Revise Land Values?
Revenue Minister Ponguleti Srinivasa Reddy explained that the revision followed a scientific study and consultations with economists. He criticized the previous BRS government for revising land rates twice during its tenure in 2021 and 2022, apart from enhancing registration charges from 6 per cent to 7.5 per cent. “This revision is being implemented because of the widening gap between government land rates and market rates, which has been causing problems for people,” the minister said. Officials revealed that surveys found market values in some parts of Hyderabad were 500 per cent to 600 per cent higher than official registration values. “The officials had recommended a steep revision, but CM Revanth Reddy directed the department to cap the maximum increase at 100 per cent to avoid burdening people, especially given requests from the real estate industry,” an official added.
Will Registration Charges Increase?
Ponguleti Srinivasa Reddy clarified that the government has revised land values but has no plans to increase registration charges. Speaking to reporters, he stated, “There is no plan to increase the registration charges.” He also criticized the previous BRS government for increasing registration charges from 6 per cent to 7.5 per cent. The minister further announced that the government has fixed the minimum value of agricultural land at Rs 2.75 lakh per acre in rural areas and Rs 5 lakh per acre in municipal corporations. Additionally, the minimum land value per acre has been set at Rs 10 lakh within HMDA limits and Rs 15 lakh in the ORR region.
Areas Impacted
Hyderabad's western corridor, one of the state's fastest-growing real estate markets, recorded some of the sharpest hikes. The biggest revision was in Raidurg Panmaktha, where registration values increased from Rs 13.84 crore to Rs 24.22 crore per acre. Madhapur and Khajaguda were also fixed at Rs 24.22 crore per acre. In the IT corridor, including Gachibowli, Guttala Begumpet, Raidurg Paigah, Nanakramguda, and Izzatnagar, land values increased from around Rs 11-13 crore per acre to Rs 19-20 crore per acre. Kokapet and Narsingi also recorded substantial increases, with plot values now ranging between Rs 27,000 and Rs 47,600 per sq yard in key locations.
Meanwhile, several mature residential localities in Hyderabad saw little or no change. Officials said residential colonies in many core city areas were capped at a 25 per cent increase. In some locations, rates remained unchanged altogether. These include areas such as Banjara Hills, Film Nagar, Himayatnagar, Hyderguda, Chikkadpally, and Lower Tank Bund, along with several colonies across Hyderabad and Secunderabad. Officials explained that the revised framework categorizes areas based on development levels, with separate benchmarks for rapidly developing zones, developing areas, and locations where growth has stabilized.
