Telangana to revise land value from August 1 to boost revenue

Hyderabad: The Telangana government has announced a revision of market valuations for agricultural and non-agricultural lands, effective from August 1. This move aims to bolster the state’s revenues and aligns with the recent directive from chief minister A Revanth Reddy to ensure market evaluations reflect current land prices.

First hike since new government

This revision marks the first increase in land values and registration charges since the Congress assumed power in December 2023. The Stamp and Registration Department will lead the initiative, starting groundwork on June 18, following a meeting with additional collectors and revenue divisional officers (RDOs).

Action plan and phased analysis

The department has issued guidelines for revising market values in both rural and urban areas. An initial analysis will be conducted, with the new registration charges to be decided on July 1. These preliminary values will be subject to further scrutiny before finalization. Committees at the Mandal and district levels will conduct thorough studies to ensure accurate market values.

Public feedback and final implementation

Once the revised values are posted on the official website on July 1, the public will have until July 20 to submit suggestions and objections. The final values will be set by July 31, with the new rates taking effect from August 1.

During a recent meeting, officials informed CM Revanth that despite a dramatic increase in land prices across the state, revenue from the Stamp and Registration Department had not risen proportionally. This discrepancy was attributed to the gap between market values and actual sale prices. The chief minister emphasised the need for scientifically determined revisions and strict adherence to departmental regulations.

Promoting real estate and construction

CM Revanth stressed that the revised market prices should stimulate the real estate and construction sectors while boosting state revenue. He noted that although the previous Bharat Rashtra Samithi government had increased land values and registration charges in 2021, significant disparities remained. The revision exercise had been delayed due to the recent Lok Sabha elections.

“The government’s approach aims to ensure that the new market values are both fair and reflective of current economic conditions, thereby promoting transparency and efficiency in land transactions across Telangana,” said CM Revanth at the meeting.