Following a recent decision by the Telangana government to revise land market values aimed at boosting revenue, new registration charges for both agriculture and non-agriculture lands and properties will be implemented starting August 1. This adjustment marks the first increase since Congress came into power in December 2023.
Preparation and Process
The Stamp and Registration Department has initiated preparations for this revision, beginning with groundwork scheduled to start on June 18. Key stakeholders such as additional Collectors and Revenue Divisional Officers (RDOs) will be involved in these initial stages. Guidelines for revising market values in rural and urban areas have already been issued by the department.
Phase-wise Implementation
- Phase 1: Analysis and determination of new registration charges by July 1.
- Phase 2: Finalization of market values after scrutiny by committees at Mandal and district levels.
- Phase 3: Implementation of new market values effective from August 1.
Consultations and Feedback
The Stamp and Registration Department will conduct consultations with officials from various departments including Revenue, Municipal Administration, Panchayat Raj, and Survey departments. Revised values will be posted on the department’s website by July 1, inviting public feedback and objections until July 20.
The Directive from the Chief Minister
Chief Minister A. Revanth Reddy has directed officials to ensure that the revision process adheres strictly to the department’s regulations. He emphasized the need for a scientifically determined approach to adjust market values that would support growth in the real estate and construction sectors while enhancing state revenue.
Challenges and Previous Attempts
Previous adjustments to land values and registration charges were made in 2021 by the Bharat Rashtra Samithi government. However, disparities between market values and actual sale prices persisted, prompting the current revision.
Conclusion
The upcoming revision aims to bridge these gaps, align market values more closely with transaction prices, and optimize revenue generation for the state.
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