Telangana restructures land values scientifically: Ponguleti

metro india news  I hyderabad

Minister for Revenue, Housing, and Information & Public Relations Ponguleti Srinivas Reddy announced that significant reforms are underway in the revenue department and its aim is to deliver exceptionally high-quality services to the residents of Telangana, characterised by speed and transparency.

The Minister personally reviewed the progress of the integrated sub-registrar office construction project in Talim, Gachibowli on Thursday. Earlier in the day, the Minister had engaged in discussions with journalists at the Secretariat.

On the occasion, he clarified that the government has absolutely no intention of increasing registration charges in the state.

The Minister onguleti Srinivas Reddy stated that the previous BRS government had increased the rates from 6 to 7.5 percent.

He said, keeping the public interest in mind—and recognising that even a one percent hike would impose a financial burden of thousands of crores of rupees on the people, the State government has revised land values using a scientific approach that aligns closely with market realities.

The Minister further added that the powers of Sub-Registrars were curtailed with the specific intent of eliminating any scope for irregularities.

Ponguleti Srinivasa Reddy said the minimum value of agricultural land in the rural areas of the state has been fixed at Rs 2.75 lakh per acre, while it has been set at Rs 5 lakh per acre within Municipal Corporations, Rs 10 lakh within the HMDA limits, and Rs 15 lakh within the ORR limits.

He further noted that the revised land values would be reviewed in case of any discrepancies or anomalies.

"It is not possible to cancel the City. Lands are not being given away for free in Future City. If it were cancelled, the government would be required to refund the money. This is not a feasible undertaking," Ponguleti Srinivasa Reddy clarified.

The Minister announced that for inquiries, doubts, or complaints regarding the revised land values, citizens may contact the toll-free number 1800 599 4788 or the WhatsApp number 8247619983.

Revised land values take effect in Telangana today

The revised land values across the state will come into effect from June 5 following Cabinet approval. The revision was carried out after examining the gap between official registration rates and prevailing market prices. According to the government, the new valuations were fixed after considering factors such as development potential, market demand, road connectivity, growth corridors, the ORR and RRR, industrial expansion and infrastructure growth.

To address anomalies in apartment pricing, uniform valuation rates have been introduced for all floors in areas where market prices were lower than official rates for higher floors. No hike has been proposed in locations where market values are already high.

The government has also revised RCC and non-RCC construction rates in rural and urban areas, citing rising material and labour costs since 2021.