Land registration value to see steep hike

A maximum hike is in consideration so far as the minimum registration value of agriculture lands are concerned in Telangana. The value of the agriculture land will be enhanced to a minimum of Rs 4 lakhs per acre. An elaborate exercise taken up by the Revenue Department for the revision of land value in the state, is halfway through.  The revised rates would come into effect from August, 2024.  

The minimum value prevailing for registration of agriculture lands so far is Rs 75,000. But agricultural lands are not available at this rate in any part of the state, barring some tribal pockets.   The Congress government, which is facing serious financial constraints to implement the six guarantees, is keen on mobilizing additional resources in a big way. The minimum value for residential properties is likely to be fixed at Rs 1000 per square feet and Rs 1500 per square feet for residential apartments. Commercial properties are likely to see a steep hike in the registration value.