Hyderabad: Eyeing about Rs 4,000 crore additional revenue through revision of land values for property registration, the Telangana govt is gearing up to revise market values from May-end. The registration and stamps (R&S) department has started preparations to increase land values between 20% and 100% on existing rates for property registrations across the state.Sources in the R&S department said the revenue from property registrations – non-agricultural properties – was Rs 15,200 crore in 2025-26. The latest target is Rs 19,000 crore, which is expected to be realised only after revision of land values. Property buyers have to pay 6% in urban areas and 7.5% in rural areas towards registration and stamp duties on the value of the property while registering them.Sources said that the initial plan was to increase values only in the Hyderabad core urban regional area (CURE), but it was later decided to increase values across the state and include both agricultural and non-agricultural properties. The last revision was done almost four years ago.The revision is being done to reduce the huge gap between the govt values and prevailing market rates. For instance, the govt rate for agricultural lands in the Hyderabad Metropolitan Development Authority (HMDA) limits was Rs 5 lakh per acre, whereas the average rate per acre, even in remote villages, is Rs 20 lakh to Rs 30 lakh.“If there is no real estate boom and registrations are normal, the hike in land values for property registration will be around 20% to 30%, and in some areas. But in areas where there is an escalation of prices, the hike will be 100% or more,” a senior official of the R&S department told TOI.Sources said the hike will definitely be more in western parts of Hyderabad, including Kokapet, Gandipet, Mokila, Gachibowli, Gopanpally, Rajendranagar, Budwel and Nanakramguda.For example, in Kokapet, the govt sold one acre of land for about Rs 100 crore. But developers have been selling flats at Rs 12,000 per sq feet, and the govt registration value is Rs 3,000 per sq feet.The situation is the same in Gachibowli and Madhapur where govt land values for registration are between Rs 3,000 and Rs 4,500 per sq foot. Similarly, the govt registers flats in Bachupally for Rs 2,000 per sq foot, whereas builders of flats in new apartments have been charging even up to Rs 7,000 to Rs 8,000 per sq foot.In Mokila also, the govt rate for apartment registration is Rs 2,000 per sq foot. When it comes to open plot values, the prevailing market rate is a minimum of Rs one lakh to Rs 2 lakh per sq yard in Kokapet and Financial District areas, while the govt rate for registration is Rs 13,500 in the residential areas and Rs 23,800 per sq yard for commercial properties.In Bachupally, the registration value for residential properties is Rs 12,600, while the market rate is Rs 70,000 to Rs 80,000 depending on the locality.The govt will increase land values by around 20% on existing rates in the eastern part of the city, such as Vijayawada Highway up to Choutuppal and on Warangal Highway up to Yadagirigutta.
