INDORE: The district administration and registration department are in the process of consolidating the Collector’s guideline rates for the financial year 2026-27. This involves the rationalization of locations, merging 533 existing ones to streamline property registration.
Currently, document registration in Indore spans across 4,840 designated locations. The new proposal aims to consolidate 533 neighboring locations into clusters of 3 to 4 colonies, which would reduce the total number of locations by approximately 350, ultimately targeting a reduction to around 3,000.
Senior Registrar Amaresh Naidu mentioned that varying registration rates within the same area lead to technical issues and revenue loss. By merging locations and applying a uniform average rate for clusters, the department seeks to eliminate the practice of registering documents in adjacent, cheaper locations, thus saving on stamp duty.
Under the preliminary proposal for 2026-27, guideline rates are projected to increase across roughly 3,000 locations, with hikes ranging from 10% to 200%.
The highest increases are planned for the outskirts of the city, particularly around the Bypass, Dewas Naka, Ujjain Road, and other major corridors. Rates for both residential and agricultural land in these areas are expected to rise.
In contrast, the city center will largely remain unchanged, consistent with last year’s guidelines. Rates in 20 villages impacted by new ‘Greenfield’ road projects are anticipated to rise between 20% and 70%. Although villages along the Eastern/Western Ring Roads and Economic Corridor experienced significant hikes last year, this year the focus will shift to surrounding villages where rates are still disproportionately low.
According to the registration department’s data, the rising property prices and inflation are impacting the market. From April to February of the current financial year, registered sale deeds decreased by around 10%.
A total of 68,700 sale deeds were recorded during this period, down from 78,500 in the same period last year—a drop of 9,800 documents. Officials believe that while the new guidelines might increase revenue per transaction, the overall market volume is under pressure as property ownership becomes increasingly unattainable for the average person.
