What is Market Value in Telangana?
Market value is the minimum value set by the Telangana government at which a property can be registered. This acts as a benchmark for property transactions, ensuring transparency and preventing undervaluation. The Telangana Registration Department regularly revises the market value to reflect changes in the real estate market.
Latest Updates
Telangana’s Revenue Minister recently directed officials to revise land prices, aiming to bridge the gap between existing market values and current property rates. This revision seeks a balance between ensuring transparency in property transactions and minimizing the burden on middle-class buyers.
This move comes after a significant increase in land prices across the state, particularly in Hyderabad. While aligning market values with current rates will boost state revenue, the government is emphasizing a scientific approach to avoid drastic hikes that could disadvantage buyers. The revision process is expected to consider factors beyond just current market rates to ensure affordability remains a priority.
Latest Trends and Insights for 2024
As of 2024, Telangana’s real estate market continues to show dynamic growth, driven by urban development, infrastructure projects, and economic policies. Here are some of the latest trends and insights:
- Urban Expansion and Infrastructure Development: The state government’s push for infrastructure projects, such as new highways, metro expansions, and the development of IT hubs, has significantly influenced property values. Cities like Hyderabad, Warangal, and Karimnagar are experiencing a surge in market value due to these developments.
- Rising Demand in Residential Areas: With a growing population and an influx of IT professionals, the demand for residential properties in prime areas like Jubilee Hills, Banjara Hills, and Gachibowli is on the rise. This demand has led to an increase in market values in these localities.
- Commercial Real Estate Boom: Telangana’s thriving business environment has led to a boom in commercial real estate. Areas such as HITEC City, Madhapur, and Financial District are witnessing a significant increase in market value due to high demand for office spaces and commercial properties.
- Government Policies and Reforms: The state government’s favorable policies, including incentives for real estate developers and simplified property registration processes, have made Telangana an attractive destination for real estate investments.
Also read: 17 Real Estate Boom Emerging Cities: What are the Telugu States?
Importance of Market Value in Real Estate Transactions
- Accurate Pricing: Understanding the market value helps sellers price their properties accurately, ensuring they receive a fair price without overpricing or underpricing their assets. For buyers, it ensures they pay a fair amount for the property.
- Loan Approvals: Financial institutions rely heavily on market value assessments to approve loans. Accurate market value ensures that buyers can secure adequate financing for their property purchases.
- Taxation: Property taxes are often calculated based on market value. Accurate market assessments ensure that property owners are taxed fairly, based on the true value of their properties.
- Investment Decisions: Investors use market value to gauge the potential return on investment (ROI). Properties with high market value appreciation prospects are more attractive to investors looking for profitable ventures.
- Legal Clarity: In legal disputes, such as inheritance issues or property divisions, market value plays a crucial role in ensuring fair and equitable settlements.
Factors Influencing Market Value in Telangana
- Location: Proximity to essential amenities, schools, hospitals, and commercial hubs greatly influences market value. Prime locations in Hyderabad and other major cities command higher prices.
- Infrastructure: The presence of good infrastructure, including roads, public transport, and connectivity, boosts property values. Upcoming projects also have a positive impact.
- Economic Conditions: The overall economic health of the region, including employment rates and business growth, affects real estate values.
- Supply and Demand: High demand and limited supply lead to increased market values. Conversely, an oversupply can reduce prices.
- Government Policies: Regulations, tax incentives, and real estate reforms introduced by the state government can either positively or negatively impact market values.
Market Value Telangana: Steps to check Non-Agriculture land rates
To check the non agriculture rates in telangana, visit the official website of registration and stamp department
visit the official website https://registration.telangana.gov.in/, select the option ” Market value search “
you will be redirected to a new page , where you need to search either with land value and Apartment value. select any one of them
To get the required area of land rates in a particular district, you need to select District, Mandal and village and click on submit
Lest’s see some of the market value of non agricultural land in telangana
Hyderabad Market value:
Hyderabad’s property market continues to see dynamism, with the recent revisions in market value reflecting this growth. While the official rates provide a baseline, Hyderabad’s real estate landscape is particularly micro-market driven. This means property values can fluctuate within specific localities depending on factors like proximity to IT hubs, infrastructure projects, and the emergence of new commercial zones. By understanding both the official market value and these micro-market trends, buyers and sellers in Hyderabad can make strategic decisions to optimize their property transactions.
| Locality | Land Value (₹/Sq.Yard) |
|---|---|
| Banjara Hills Rd. No-1 (Chts Basti Market) | 64,400 |
| Panjagutta Colony to Srinagar Colony (Satyasai) | 85,800 |
| Panjagutta Colony to Srinagar Colony (up to Kri) | 85,800 |
| Panjagutta Crossroads to Rajiv Gandhi Statue | 93,000 |
| Abids to Koti Road | 74,600 |
| Abids to Basheerbagh Road | 74,600 |
| Ameerpet to Erragadda Rythu Bazaar | 85,800 |
| Ameerpet Crossroads to Swarna Jayanthi Complex | 93,000 |
Residential Land Values
| Locality | Land Value (₹/Sq.Yard) |
|---|---|
| Jubilee Hills | 64,400 |
| Hill Fort Lane | 60,300 |
| Panjagutta | 60,300 |
| Abids | 60,300 |
| Balapura Basthi Slum | 48,700 |
| Begumpet | 48,700 |
| Somajiguda | 48,700 |
| Ameerpet | 47,300 |
| Panjagutta Area | 37,400 |
| Amberpet | 32,200 |
| Sai Nagar | 27,600 |
| Amberpet Area | 26,700 |
Market value Telangana: Karimnagar
Karimnagar’s real estate market is experiencing a growth spurt, fueled by its developing IT sector and strategic location. The recent market value revisions have instilled confidence in the market, ensuring transparency and preventing undervaluation. However, unlike metros, Karimnagar offers a more pocket-friendly option for property seekers. This affordability, coupled with the upward market value trend, presents a lucrative opportunity for investors
| Locality | Land Value (₹/Sq. Yard) |
|---|---|
| Rajiv Chowk, Tower Circle | 26,700 |
| Jafri Road | 26,700 |
| Madeena Complex, Girls College, CSI Church | 26,700 |
| New Annapurna Complex, Telephone Office | 26,700 |
| Boiwada, Dhobiwada, Prakasham Gunj | 15,200 |
| Sikhwada, Bus Stand Main Road, Jail Road, Market | 14,200 |
| Padmashali Street, Road Side | 12,500 |
| Ashoknagar, Weekly Market, Rajivnagar, Valmikina | 11,500 |
| Tilak Road, Shishu Mandi Road, Anandnagar | 11,500 |
| Dwarkanagar, Tilak Nagar | 11,500 |
Commercial Land Values
| Locality | Land Value (₹/Sq. Yard) |
|---|---|
| Rajeev Chowk to Jafri Road, Madeena Complex Area | 37,400 |
| Prakasham Gunj Area, Bus Stand to Jail Main Road, Sikhwadi Rd. | 29,900 |
| Collectorate Road | 26,400 |
| Tilak Nagar Main Road | 23,000 |
| Kashmeergadda to Mankammathota | 21,300 |
| Osmanpura Main Road, Gandhi Road | 18,900 |
| Bhagyanagar to Chaithanyapuri Road, Sarawan Street | 18,900 |
Market value Telangana : Hanumakonda
| Area | Land Rate (₹ per sq. meter) | Type of Property |
|---|---|---|
| BANK COLONY AND MAIN ROAD-1 | 7,800 | Residential |
| GOUNDLA WADA-1 | 6,800 | Residential |
| CANAL CAMP QUARTERS-1 | 6,800 | Residential |
| BODRAI-5 | 6,800 | Residential |
| CHANIKYAPURI COLONY-11 | 6,800 | Residential |
| GADDAM RAMAKRISHNAIAH COLONY-7 | 6,800 | Residential |
| GANESH NAGAR COLONY-3 | 6,800 | Residential |
| NEAR MASJID-8 | 6,800 | Residential |
| KARIMNAGAR-WARANGAL MAIN ROAD-2 | 11,500 | Commercial |
| BHIMARAM-CHINTHAGATTU MAIN ROAD-2 | 11,500 | Commercial |
| HNK-KNR MAIN ROAD-12 | 11,500 | Commercial |
| ERRAGATTU JUNCTION TO PARKAL MAIN ROAD-2 | 11,500 | Commercial |
| WARANGAL OUTER RING ROAD-2 | 11,500 | Commercial |
| KARIMNAGAR- WARANGAL MAIN ROAD | 11,500 | Commercial |
| AMBALA INTERNAL ROAD AND KITS MAIN ROAD-1 | 6,800 | Commercial |
| BHIMARAM MAIN ROAD | 8,800 | Commercial |
| LINGAIAH HOTEL MAIN ROAD | 8,800 | Commercial |
| BHIMARAM-CHINTHAGATTU ROAD-13 | 8,800 | Commercial |
| KARIMNAGAR-WARANGAL MAIN ROAD-1 | 9,500 | Commercial |
| BHIMARAM-CHINTHAGATTU MAIN ROAD-1 | 9,500 | Commercial |
| ERRAGATTU JUNCTION TO PARKAL MAIN ROAD-1 | 9,500 | Commercial |
| WARANGAL OUTER RING ROAD-1 | 9,500 | Commercial |
Market value Telangana: Khammam
Khammam’s real estate market is on an upswing, with the revised market values catching up to the rising demand. This trend is particularly noticeable in areas witnessing industrial development and improved connectivity. However, compared to larger cities in Telangana, Khammam offers a wider range of options. Budget-conscious buyers can find attractive deals, especially on the outskirts, while those seeking premium properties can explore well-developed localities with high market values
Residential Land Values
| Locality | Land Value (₹/Sq. Yard) |
|---|---|
| Burmashell Road, Sunder Talkies Road (Interior), Kasba Bazar, Old Club Road, Aziz Street | 26,400 |
| Dabala Bazar, Gandhi Chowk, Gandhi Gunj | 21,300 |
| Mohan Road (Houses #1-500) | 21,300 |
| Kinnerasani Theatre Area, Guttala Bazar, Nartha | 18,900 |
| Pendagadda Bazar, Municipal Office Area, Kasba | 15,200 |
| Ranga Chary Hospital Area, Church Compound Road | 13,500 |
| Jublipura, Trunk Road, Guntimallanna Bazar | 11,500 |
Commercial Land Values
| Locality | Land Value (₹/Sq. Yard) |
|---|---|
| Burmashell Road, Gandhi Chowk, PSR Road, Rahgava Mahal Road, Sunder Talkies Road | 44,900 |
| Municipality Road, Masjid Road, Church Compound to ZP Centre | 29,900 |
| Saradhi Nagar, MRO Office to Trunk Road, Bokkalagadda-Munneru Bridge Road | 27,100 |
| FCI Bypass Road, Hanuman Temple Road, Mohan Road, Jublipura Road | 26,400 |
| Gattaiah Centre Road, Khammam to Yellandu Road | 21,300 |
| Prakash Nagar, Gandhi Nagar Main Road, Mohan Road, Timber Depot Road, Grain/Cotton Market | 18900 |
Market value in Telangana: Nizamabad
Nizamabad’s real estate market is poised for exciting times, with the recent market value revisions reflecting its burgeoning industrial and agricultural sectors. This upward trend, particularly in areas with established IT parks and proposed infrastructure projects, makes Nizamabad an attractive proposition for investors seeking mid-to-high-yield opportunities
Residential Land Values
| Locality | Land Value (₹/Sq. Yard) |
|---|---|
| Devi Road | 29,900 |
| Kumargally | 26,400 |
| Marwadi Gally | 21,300 |
| Gunj, Gunj Road | 19,600 |
| Godown Road | 18,900 |
| Station Road, Weekly Bazaar, Civil Hospital | 17,300 |
| Goshala, Mirch Compound, Ramgopal Veedhi | 15,200 |
Commercial Land Values
| Locality | Land Value (₹/Sq. Yard) |
|---|---|
| Jawahar Road, RP Road | 33,100 |
| Devi Road, Gandhi Gunj, Gunj Road | 33,100 |
| Kishan Gunj Road, Gandhi Gunj Road | 27,100 |
| Station Road, Weekly Bazaar, Civil Hospital | 23,000 |
| Marwadi Gally, Kumargally | 21,300 |
Conclusion
Understanding the market value in Telangana is essential for making informed real estate decisions. As of 2024, the state’s real estate market is influenced by various factors including urban development, infrastructure projects, and economic policies. Accurate knowledge of market value ensures fair pricing, aids in loan approvals, impacts taxation, and guides investment decisions. For both buyers and sellers, staying updated with the latest market trends and values is crucial for successful real estate transactions in Telangana.
Frequently Asked Questions:
The market value of land in Telangana varies significantly based on the location, type of property (residential or commercial), and other factors such as infrastructure and development.
The market value of land in Telangana is determined by the state’s Registration and Stamps Department. It takes into account factors like locality, current real estate trends, infrastructure development, and demand. Periodic revisions ensure the values reflect the prevailing market conditions.
Understanding market value is crucial for property transactions as it helps buyers and sellers negotiate fair prices, ensures proper calculation of stamp duty and registration fees,
Yes, market value can vary within the same locality based on the exact position of the property, its size, and specific characteristics such as facing the main road or being in a more developed part of the locality.
Market value is a key determinant in calculating property tax. Higher market value generally leads to higher property tax assessments. Property tax rates are applied to the assessed value to determine the tax payable by property owners.
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