HYDERABAD: Following the cabinet sub-committee’s request for the registration department to revise land values for property registrations, the registration and stamps (R&S) department has initiated guidelines for market value revisions. Sources indicate that the state government has yet to decide if the changes will apply statewide or just within Greater Hyderabad Municipal Corporation (GHMC), Cyberabad Municipal Corporation (CMC), and Malkajgiri Municipal Corporation (MCMC).
Given the substantial disparity between current government land valuations and market rates, plans are underway to increase these values by 30% to 50% in certain areas. Official sources revealed that, after generating ₹15,200 crore in revenue during the 2025-26 fiscal year, the R&S department anticipates an additional ₹2,000 crore if land rates are adjusted.
In the high-demand area of Kokapet, developers are selling flats for ₹12,000 per square foot (sft), while the government registration value is only ₹3,000 per sft. A similar trend can be observed in Gachibowli and Madhapur, where government land values range from ₹3,000 to ₹4,500 per sft. In Bachupally, the registration value for flats is pegged at ₹2,000 per sft, while builders charge as much as ₹7,000 to ₹8,000 per sft. The government also lists the apartment registration rate in Mokila at ₹2,000 per sft. For open plot registrations, market rates in Kokapet and Financial District start from ₹1 lakh to ₹2 lakh per square yard, whereas the government rates are considerably lower at ₹13,500 for residential areas and ₹23,800 for commercial properties. In Bachupally, the registration value for residential properties stands at ₹12,600, while market rates can reach between ₹70,000 and ₹80,000 depending on the locality.
In areas like Ghatkesar and Rampally, the government market value for flat registration is ₹2,000, indicating possible minimal adjustments. Additionally, the government might reduce rates in core locations such as Srinagar Colony and Chirag Ali Lane, Abids, where registration values significantly exceed those in current hotspots like Gachibowli and Madhapur.
Discussions on revising market values have been ongoing for the past year, as the last revision occurred in January 2022. The R&S department had proposed enhancements for property registration last year; however, the plan was postponed due to realtors and developers expressing concerns that it would adversely affect the real estate market, leading to the proposal being shelved.
