Telangana property registration costs rise after market value revision

Hyderabad: Telangana property registration costs increased from Friday after the state government implemented revised market values for land and properties across the state.

The updated rates came into effect following the revision of market values and are now available on the Registration Department’s Integrated Grievance Redressal System (IGRS) portal.

Officials said the revised values were aligned with prevailing market prices.

As a result, registration charges for several categories of properties have increased.

Telangana property registration costs increase across categories

The revision covers agricultural lands, non-agricultural lands, residential plots, independent houses and apartments.

Consequently, buyers will have to pay higher registration charges for property transactions.

The revised market values are expected to influence property prices in several regions of the state.

Furthermore, industry observers expect the changes to affect the overall cost of real estate transactions.

The increase follows the government’s recent decision to revise market values after a comprehensive review.

Telangana property registration costs trigger rush at offices

Anticipating the increase in registration charges, thousands of people visited Sub-Registrar offices on Thursday.

Many property buyers and sellers rushed to complete transactions before the revised rates came into force.

Due to the heavy rush, the government extended office working hours until 7:30 pm.

In addition, authorities directed officials to complete registrations for all applicants who had already obtained tokens.

Officials made special arrangements to manage the increased turnout and ensure the smooth completion of pending registrations.