Hyderabad: Property registration rates could rise nearly fourfold in city’s upscale western corridor if the Telangana govt accepts the latest recommendations made by the revenue department.Sources told the TOI that the department has proposed revised registration values of Rs 50 crore to Rs 55 crore per acre in Raidurg and Gachibowli, compared to the current Rs 11.32 crore to Rs 13.85 crore per acre in these prime IT corridor locations.The state govt is yet to decide whether to adopt the recommendations in full or limit the increase to around 100%. Even a 100% hike would make these the highest land registration values in Telangana.“The average bid amounts in the gov’s land auctions at Raidurg Panmaktha and Raidurg Nav Khalsa villages touched nearly Rs 140 crore per acre, while the current registration value remains between Rs 11 crore and Rs 13 crore. In Kokapet’s Neopolis, one land parcel was sold for Rs 100 crore per acre, while the average bid value was Rs 42 crore, against an existing registration rate of only Rs 2 crore per acre,” a revenue official told TOI.In Chandanagar, where the present registration value stands at Rs 6.5 crore per acre, the revised rate is expected to touch Rs 10 crore.Similarly, in Kokapet, Vattinagulapally, the Financial District, Gopanpally and neighbouring areas, the govt is considering increasing market values by up to Rs 10 crore over the existing Rs 2 crore to Rs 2.5 crore per acre.For non-agricultural properties and apartments, the govt is weighing a revision from the current Rs 3,000 per sq ft to as high as Rs 6,500 per sq ft across the western corridor.Sources added that in premium residential localities such as Jubilee Hills and Banjara Hills, where prevailing rates already range between Rs 60,000 and Rs 90,000 per sq yard, the increase is likely to remain modest at around 10% to 20%.With the proposed revision, the state govt is aiming to generate an additional Rs 2,000 crore in revenue during 2026–27.A few weeks ago, the state cabinet asked the registration and stamps (R&S) department to prepare recommendations for a revision in land values, expected to come into effect from June 1. Revenue and sub-registrar officials have reportedly been asked to submit their proposals before May 28.“The govt has instructed the R&S department to keep the overall hike in land values between 30% and 50%, except in exceptional cases where there is a significant gap between prevailing market prices and existing registration values,” a senior department official said.
