HYDERABAD: If the Telangana government accepts new recommendations from the revenue department, property registration rates in the upscale western corridor could see an increase of nearly four times.
Sources indicated to the TOI that the revenue department has suggested revised registration values ranging from Rs 50 crore to Rs 55 crore per acre for regions like Raidurg and Gachibowli, in contrast to the current rates of Rs 11.32 crore to Rs 13.85 crore per acre.
The state government is yet to finalize whether to implement these recommendations fully or limit the increase to around 100%. Even a 100% hike would position these areas as having the highest land registration values in Telangana.
According to a revenue official, “The average bid amounts in government land auctions in Raidurg Panmaktha and Raidurg Nav Khalsa villages have approached Rs 140 crore per acre, while existing registration values are still between Rs 11 crore and Rs 13 crore. In Kokapet’s Neopolis, a land parcel sold for Rs 100 crore per acre, with an average bid value of Rs 42 crore, significantly higher than the existing registration rate of just Rs 2 crore per acre.”
In Chandanagar, where the current registration value is Rs 6.5 crore per acre, changes are expected to push the rate up to Rs 10 crore.
Additionally, for areas like Kokapet, Vattinagulapally, the Financial District, Gopanpally, and neighboring locales, the government may consider market value increases of up to Rs 10 crore, adjusting from current rates of Rs 2 crore to Rs 2.5 crore per acre.
For non-agricultural properties and apartments, a revision from the current Rs 3,000 per square foot to as high as Rs 6,500 per square foot is under consideration for the western corridor.
Sources also noted that in premium residential areas such as Jubilee Hills and Banjara Hills, where current rates range from Rs 60,000 to Rs 90,000 per square yard, the anticipated increase may be moderate, settling around 10% to 20%.
The proposed revisions aim to generate an additional Rs 2,000 crore in revenue for the state during the fiscal year 2026-27.
A few weeks ago, the state cabinet instructed the registration and stamps (R&S) department to prepare recommendations for adjusting land values, expected to be implemented starting June 1. Revenue and sub-registrar officials have been given a deadline of May 28 to submit their proposals.
A senior department official stated, “The government has directed the R&S department to maintain the overall increase in land values between 30% and 50%, except in exceptional circumstances where there exists a substantial disparity between current market prices and existing registration values.”
