Complete Guide to Land Rates and Revised Market Value in Telangana

Market Value in Telangana is calculated based on the land rates of properties. Go through the post to know the latest market value Telangana with its importance and latest updates.

Table of Contents

• Latest Updates on Telangana Market Value
• Importance of Telangana Market Value in Real Estate
• How to Check Non-Agricultural Property Rates in Telangana
• How to Obtain Certificates of Market Value in Telangana
• Revised Market Value Telangana: Some Sample Cities
• Market Value Telangana: Hyderabad
• Market Value Telangana: Karimnagar
• Market Value Telangana: Nizamabad
• Market Value Telangana: Khammam
• Market Value Telangana: Agricultural Land
• Market Value in Telangana - Conclusion

Latest Updates on Telangana Market Value

Telangana's Revenue Minister Calls for Revision of Property Rates

Date: July 8, 2024

Ponguleti Srinivas Reddy, Telangana's Minister of Revenue, Housing, Information, and Public Relations, has instructed the Land Records Department to revise land rates across the state in line with the current market value of properties. These directives were issued during a review meeting on the Stamp Duty and Property Registrations Department.

The aim is to ensure that middle-income groups are not overburdened by outdated rates. The minister emphasized the need for a scientific revision of land rates to prevent discrepancies between government-set rates and open market values, particularly in Hyderabad and other cities across Telangana.

Additionally, he stressed the importance of establishing permanent sub-registrar offices to simplify the property registration process for homebuyers. Officials were tasked with identifying appropriate land for these offices.

Importance of Telangana Market Value in Real Estate

Telangana's property market is thriving, fueled by the state's advancement in smart city projects. Accurate market value information is crucial for both residential and commercial property transactions. Telangana has separate rates for agricultural land, residential plots, and flats/apartments.

The state government recently revised the market value Telangana in February 2022, after previous revisions in July 2021. Understanding these values is essential before making any real estate investment, particularly in key cities such as Hyderabad, Nizamabad, Warangal, and Karimnagar.

Telangana Circle Rate (also known as Ready Reckoner Rate or Market Value Telangana) is the minimum value at which a property can be registered, as determined by the government. It’s important to know these rates, which are periodically updated by the state.

As per the Telangana Revisions of Market Value Guidelines Rules, property registrations after February 2022 must comply with the updated rates. The revised values led to a 50% increase in agricultural land rates, a 35% hike for open plots, and a 25% rise for flats. Properties registered before February 2022 will need recalculations based on the new values.

How to Check Non-Agricultural Property Rates in Telangana

Visit the official Telangana government website for the Registration and Stamp Department.

 Navigate to the Market Value section.

 Enter the required property details to view the updated rates.

Step 1: Click this link https://registration.telangana.gov.in/. This will give you information. Choose the option - Market Value Search.

Step 2: Clicking on "market value" will take you to the "unit rate market value" (UnitRateMV) page where you can search for market value. You can choose between the land value and the apartment value. To go to the next screen, you can choose the right choice. When you choose "apartment value," you'll be asked for information. Once you do, you'll get the description, date, and apartment value.

Step 3: Let's say you want to find out how much land in Telangana is worth on the market. That is why you would choose "Land value." It will then show a list of boxes with drop-down options that ask for the district, mandal, and town. You will be asked to name the area if you choose a district. Give details about the area and type in the area. There will be a drop-down choice that lets you choose the exact location. Pick out what you need and send it in.

Step 4: Once you choose the place and type in the location, your request is sent. You will be taken to a page that shows the official market value of land in Telangana for that specific area. If there are registration rates by door number in the area you chose, click the "Get" button in the last column. There are no door-to-door registration rates in some places.

How to Obtain Certificates of Market Value in Telangana

If you are the seller of the property, you would need to have a copy of the revised market value Telangana of your land. You can get market value certificates from the IGRS Telangana website https://registration.telangana.gov.in/index.htm - the home page in step

If you're selling property in Telangana, it's essential to obtain a copy of the revised market value for your land. You can easily access market value certificates through the IGRS Telangana website https://registration.telangana.gov.in/index.htm in the following steps:

1. Visit the IGRS Telangana Website

Navigate to IGRS Telangana and locate the 'Downloads' section.

2. Select Market Value Option

From the drop-down menu, select 'Market Value.' You have two options to choose from: Manual or Online.

3. Manual Process

If you choose 'Manual,' download the PDF file, print it, fill in the required details, and submit the form to your local sub-registrar's office.

4. Online Process

If you prefer the online method, select the Online Market Value form. Complete all the necessary fields directly on the page properly  before submission and submit them to the sub-registrar's office.

5. If you want the online market value form, select the option.

You will land on the page with the PDF for online market value. You must fill up all the boxes of the required details before submitting it.

Revised Market Value Telangana: Some Sample Cities

The latest revisions in the market value of land in Telangana is implemented from 1st February 2022 onwards. The real estate market will witness an impact of the revised rates. Here are some examples of market value Telangana of some rapidly developing, important cities.

Market Value Telangana: Hyderabad

Hyderabad, the capital of the state, is the most affected by market value Telangana. The smart city is offering smart infrastructure with cutting-edge technology. The revised rates of market value Telangana have increased the total buying cost of the property in Hyderabad. Here the sample areas have been listed separately as commercial and residential since the rates depend on this factor.

Market Value Telangana: Karimnagar

Here is a city that is growing and expanding rapidly. This is a great time to invest in the real estate market of Karimnagar. The market value Telangana has the latest revised rates on its website. Look at some examples of the new rates in this expanding city.

Market Value Telangana: Nizamabad

Nizamabad is a town with historical significance. Check out the revised land market value Telangana state has fixed for this rapidly developing city. Transport and connectivity are driving the development of this place.

Market Value Telangana: Khammam

Khammam is coming up as a lucrative destination for both commercial and residential demands. The traditional township is growing into a city. If you want to invest in property here, check out some of the sample land market value Telangana Government has fixed for this place.

Market Value Telangana: Agricultural Land

If you are buying or selling agricultural land, visit the DHARANI website to know the agricultural market value of land in Telangana. For that, you need to go to Dharani portal, the official government website. When you click on the 'continue' button on the homepage, you will land on the page where you have to fill in the land details. Type in all the details of the property and click on the 'Fetch' button to get the information you seek.

Market Value in Telangana - Conclusion

As technology and economic growth continue to drive real estate development, property prices in Telangana are increasing rapidly across most towns. In February 2022, the Telangana Government revised the circle rates, impacting land and property valuations. Before finalizing any property transactions, it's crucial to check your home’s current market value through the official Telangana government website. These updated rates will help you calculate accurate stamp duty and registration fees.

The maps provided on the Telangana website offer an easy-to-use guide to determine the market value of land and property. By staying informed about the most up-to-date market rates, you can ensure compliance with new stamp duty regulations and avoid any legal issues.

FAQs

Question: When did the Telangana Government revise the market value?

Answer: The most recent revision to the market value in Telangana occurred in February 2022, following a previous change in July 2021.

Question: Why is it important to know Telangana's new market value?

Answer: Understanding Telangana's new market value gives potential buyers a clear picture of current property costs. The government's website provides a tool to help calculate the new stamp duty and registration fees based on these updated rates.

Question: How has the new market value affected property prices in Telangana?

Answer: The latest changes have led to an increase in property prices across Telangana. Agricultural land circle rates have risen by 50%, open plot rates by 35%, and apartment rates by 25%.

Question: What happens to properties purchased before the market value change but not yet registered?

Answer: Properties bought before the market value revision must pay stamp duty and registration fees based on the old rates. However, after the revision, new fees must be calculated according to the updated market value. Upon paying the difference, the property can be registered.

Question: Does the new market value in Telangana affect agricultural land?

Answer: Yes, the new market value applies to all land, including agricultural plots, open plots, and apartments. The revised farming land circle rates are available on the DHARANI website, reflecting the recent changes.