Revised land values to come into effect from June 5

The Telangana government has announced revised land and property values effective June 5, following a Cabinet decision to align government-fixed rates with prevailing market prices.

Hyderabad: Revised land values across Telangana will come into effect from June 5. The revision follows a State Cabinet decision to rationalise property values in areas where government-fixed rates significantly differed from prevailing market prices.

Revenue Minister Ponguleti Srinivasa Reddy said the exercise was undertaken after an extensive study of regional market conditions, registration trends, open-market rates, and disparities between actual and government-notified values.

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He said the revision was aimed at ensuring transparency in property transactions, aligning government values with market realities and improving revenue mobilisation while minimising inconvenience to the public.

According to the government, market values have been revised across all 144 Sub-Registrar Offices (SROs) in the State through separate rural and urban committees that assessed local conditions before finalising the new rates.

The revised values were fixed based on factors such as development potential, growth corridors, recent land auctions, demand patterns, industrial expansion, infrastructure projects, and the influence of the Outer Ring Road (ORR) and Regional Ring Road (RRR).

For residential apartments, the government has rationalised values in locations where rates varied across floors despite similar market conditions. Uniform rates have been adopted in such areas, while no increase has been proposed in localities where property values are already high, the Minister said.

The government also fixed minimum base values for agricultural lands, plots and flats based on the development status of regions under the Hyderabad Metropolitan Development Authority (HMDA), CURE areas and other parts of the State.

Construction costs for RCC and non-RCC structures have also been revised for the first time since 2021, reflecting rising material and labour costs and changes in urban local body jurisdictions following municipal upgrades and mergers.