Revised Market Values of Lands, Plots, Flats From Today
Minimum value Rs 15 lakh per acre within ORR limits, Rs 10 lakh per acre in HMDA
Hyderabad: The revised market values of agricultural lands, plots and flats will come into force across Telangana from Friday, with land values expected to increase by 50 to 100 per cent depending on the location.
Addressing a press conference at the Secretariat, revenue minister Ponguleti Srinivas Reddy said the government had fixed the minimum market value of agricultural land at Rs 2.75 lakh per acre in rural areas, Rs 5 lakh per acre within municipal corporation limits, Rs 10 lakh per acre in areas under the Hyderabad Metropolitan Development Authority (HMDA), and Rs 15 lakh per acre within the Outer Ring Road (ORR) limits.
Ponguleti said the revision was based on prevailing market rates and would help streamline land valuations across the state. He estimated that the revised values would generate an additional revenue of Rs 1,200 crore to Rs 1,400 crore annually for the state government.
While land values in prime areas could rise by as much as 100 per cent, he clarified that the government had no plans to increase registration charges, despite higher property values in areas such as Serilingampally, Rajendranagar and Khajaguda.
The minister said the previous BRS government had increased registration charges from six per cent to 7.5 per cent, but the Congress government had consciously avoided any such move to prevent additional burden on the public. He said land values were revised scientifically and closer to actual market rates.
Ponguleti also announced that the powers of sub-registrars had been significantly curtailed to prevent irregularities and corruption, with only minimum powers being retained at their level. He said any anomalies or discrepancies in the revised valuations would be reviewed and corrected. To address public grievances and queries, the government has set up a toll-free helpline (1800-599-4788) and a WhatsApp number (8247619983).
He asserted that the government had taken strong measures to eliminate corruption in the revenue department, resulting in a rise in ACB trap cases. Ponguleti said that since assuming office, he had cleared nearly 3,500 pending revenue files, including several related to ACB cases that had remained unattended during the previous government. He claimed that files pending for three to four years had been disposed of and action had been initiated against officials found guilty of wrongdoing.
The minister ruled out any possibility of cancelling the proposed Future City project by any government, stating that lands in Future City will not be allotted free of cost and that scrapping the project would impose a huge financial burden on the government, as it needs to return the money.
