The Telangana Government has Revised the market values of land and rates of stamp duty that would come into effect from Thursday, July 22, 2021. Orders to this effect were issued on Tuesday, July 20, 2021.

The Revenue Department in a statement to the press said that owing to significant Infrastructure and developmental activities in Telangana post its formation in 2014, there has been a substantial appreciation of land values.

“The ‘Guidelines Market Value’ also known as ‘Basic Value’ for land registration was last revised in 2013.

In the nascent years of the state, to stabilize and augment growth in various sectors, the guidelines values were not revised. Now, an elaborate and detailed exercise has been carried out for revision of the basic value.

The exercise has been done by Telangana Revision of Market Value Guidelines Rules,” the Revenue Department said.

Agricultural Land

For agricultural lands, the lowest value has been fixed at Rs 75,000 per acre. The existing values in this category have been enhanced by 50 percent in the lower range, 40 percent in the mid-range, and 30 percent in the higher range.

Open plots

Likewise, in the case of open plots, the lowest value hitherto was Rs 100 per square yard, which has now been revised to Rs 200 per square yard. The basic value of open plots has been revised by 50 percent in the lower range, 40 percent in the mid-range, and 30 percent in the higher range.

Flats / Apartments

The existing lowest value for flats or apartments was Rs 800 per square foot, which has now been revised to Rs 1,000 per sqft. The increase in this category is by 20 percent in lower ranges and 30 percent in higher ranges.

Stamp Duty

Stamp duty rates have now been revised to 7.5 % from the earlier 6 %. The decision was taken by the Cabinet Sub Committee, after detailed deliberations and careful consideration of the matter.  The state Government claimed the state duty rates in Telangana are among the lowest in the country. In the neighbouring states, the duty rates are much higher – TN (11%), Kerala (10%), Andhra Pradesh (7.5%).

Since the State’s formation, there has been significant growth in IT, pharma, tourism, infrastructure, and other sectors. Besides, the formation of new districts has led to a substantial appreciation of land values. This apart, new irrigation projects came up and a vast area of ayacut was developed, leading to a considerable increase in land values.

Subsequently, an elaborate and detailed exercise was carried out by the Telangana Revision of Market Value Guidelines Rules for revision of the market value.

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