Telangana government to study ads by realtors to calculate land values for revision

Brochures, ads from real estate dealers may also be used as sources.
Image used for illustrative purposes.
Image used for illustrative purposes.

HYDERABAD: The state government is expediting the process to revise the market value of lands across Telangana. The Stamps and Registration department has directed officials to study brochures, advertisements and other promotional materials from real estate dealers and builders to get an indication of the prevailing market values of land in rural areas.

The government has also set a tentative schedule, with revised market values expected to take effect from August 1. The Commissioner and Inspector General of Registrations and Stamps department issued a memo to officials, outlining the guidelines for this revision.

Image used for illustrative purposes.
Telangana govt to revise market value of lands

The government has categorised lands into rural and urban areas for this purpose. In rural areas, officials are instructed to identify villages abutting national and state highways or those with potential for non-agricultural activities such as plotting, housing, industries, SEZs and entertainment. The guidelines state: “These villages have to be given due importance in the revision, since they are likely to have higher market values.”

Sub-registrars and other officials have also been directed to consult village elders, revenue officials and panchayat officials to determine the prevailing open market values for various types of properties. The memo says: “Brochures, advertisements, and other promotional materials from real estate dealers and builders may also be used as sources. Land acquisition compensation, open auctions by revenue or cooperative officials, and banks may be used to find the trends.”

For agricultural lands, the prevailing market values should be verified with revenue and panchayat officials. In urban areas, a single value will be set for entire residential localities, while commercial values will be fixed for properties along main roads. Newly-incorporated villages in municipalities or corporations will have market values reflecting current conditions.

The memo specifies: “For urban areas like Hyderabad, Rangareddy, Medchal-Malkajgiri, Sangareddy, Yadadri-Bhongir, Khammam, Siddipet, Karimnagar and Warangal, the Zonal Development Plan of the urban development authority concerned shall be considered during revision. For other urban areas, the master plan of the respective municipality or corporation shall be a guiding factor for fixation.”

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The New Indian Express