Telangana Property Registration Costs Set to Rise as New Market Values Take Effect

Property buyers in Telangana may soon face higher costs as the state government moves to revise market values for registrations. The updated rates are expected to come into force from the first week of May, impacting transactions across residential, agricultural, and commercial segments.

The decision was taken by a cabinet subcommittee led by Deputy Chief Minister Mallu Bhatti Vikramarka, which reviewed revenue generation strategies in a recent meeting at the Secretariat. Officials have been directed to complete the necessary technical preparations and issue guidelines for implementing the revised values.

With the increase in market values, buyers will have to pay higher stamp duty and registration charges. This is likely to affect those planning to purchase agricultural lands, plots, apartments, and commercial properties across the state.

According to officials, the primary objective behind the revision is to align government fixed values with actual market prices and reduce the gap between official and open market transactions. The move is also aimed at curbing unaccounted cash dealings in the real estate sector and promoting greater transparency.

The government expects the revision to generate an additional revenue of around two thousand crore rupees for the registrations and stamps department. This is seen as a key step in strengthening state finances.

This is the first such revision since the current government came to power in December 2023. Earlier, market values were last updated in 2021. Although there were plans to increase them earlier, the proposal was delayed due to a slowdown in the real estate sector.

With the new rates likely to be implemented soon, officials have advised prospective buyers to stay informed and plan their transactions accordingly.