Hyderabad, June 16 (Maxim News): New registration charges for agriculture and non-agriculture land and properties will come into force from August 1.
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This will be the first hike in land value and registration charges after the Congress came to power in December 2023.
This followed the recent decision of the Telangana government to revise the market value of lands to
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The Stamps and Registration Department has initiated an action plan to study the current value and revise it to fix new registration charges accordingly.
The department will begin the groundwork in this regard on June 18 after a meeting with additional Collectors and Revenue Divisional Officers (RDOs).
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The Stamp and Registration Department has issued guidelines for revising the market values in rural and urban areas. After an analysis in a phased manner, new registration charges will be decided on July 1. Subsequently, the final market value will be fixed after a few rounds of scrutiny.
After a study by committees at the Mandal and district levels, new market value will come into effect from August 1.
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The Stamps and Registration Department will also hold meetings with officials of Revenue, Municipal Administration, Panchayat Raj, and Survey departments.
After posting the revised values on the website on July 1, the department will call for suggestions and objections from people till July 20. The exercise to fix revised values will be completed by July 31 and revised rates will come into effect from August 1.
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Chief Minister A. Revanth Reddy had last month directed the department to take steps to revise the market value of lands. He asked the officials to ensure the revision of market values should be scientifically determined and the regulations of the Stamps and Registration Department should be strictly followed.
He suggested that the market prices of land should be revised in such a way that it promotes the real estate and construction sector along with boosting the revenue of the state.
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It was noted during the meeting that the rates of land have increased dramatically across the state, but the income from the Stamp and Registration department has not risen accordingly. (Maxim News)
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