INDORE: Starting Wednesday, property prices will increase in over 2,000 areas of Indore due to the implementation of new collector guideline rates for the 2026-27 financial year. Out of 4,590 surveyed locations, prices have risen in 2,624 areas, reflecting an average increase of 26% across the district.
On Tuesday, the last day of the financial year, sub-registrar offices experienced a rush as residents hurried to register properties at the old rates. Despite banks being open to facilitate transactions, many advocates reported technical issues and ‘slot limits’ as late-night filings surged.
Although the registration department’s revenue increased from the previous year, the actual number of registered documents fell, indicating a slowdown in the real estate sector. The department recorded revenue of Rs 2,528 crore in 2024-25 with 1,93,545 property registrations. This rose to Rs 2,716 crore (+7.41%) in 2025-26, yet the number of documents registered decreased to 1,89,545 (-2.09%).
In past years, Indore saw revenue jumps close to Rs 400 crore; however, this year, the department achieved an increase of only Rs 188 crore. Experts link this to a lack of new master plan announcements and a continuing ban on construction permissions in 79 peripheral villages.
Approximately 57% of the district’s locations will experience price hikes. Areas linked to government infrastructure projects, such as the Greenfield Corridor and Outer Ring Road, have seen the most significant changes to aid land acquisition. Key villages affected include Malakhedi, Sinnot, Kadwali Buzurg, Ralamandal, Gulawat, and Chithoda. The stamp and registration department has added 422 new locations to the guidance list for 2026-27.
Property experts anticipate a temporary slowdown in secondary market transactions as buyers adjust to the increased stamp duty costs resulting from these new valuations.
