Similarly, the lowest price for open plots was previously Rs 100 per square yard, but this has now been raised to Rs 200 per square yard. The fundamental value of open plots has been reduced by 50% in the lower range, 40% in the middle range, and 30% in the upper range.
The earlier lowest price for flats or apartments was Rs 800 per square foot, but that price has now been increased to Rs 1,000 per square foot. This category has seen a 20% increase in lower levels and a 30% increase in higher ranges.
Even if the slots were reserved and payments made before, all registrations that take place on or after Thursday will be liable to the increased charges.
The market value, which is often known as "market value," is a term used to describe the
The last time the ‘Basic Value' for registration was updated was in 2013. The market values have not been changed. To stabilize and boost growth in various areas during the early years of the state's existence.
IT, pharma, tourism, infrastructure, and other sectors have seen rapid growth since the state's establishment. Additionally, the creation of new districts has resulted in a significant increase in land values.
Apart from that, additional irrigation projects were established, and a large area of ayacut was created, resulting in a significant increase in land prices.
Following that, an extensive and detailed effort was found to be consistent with the
Telangana Revision of Market Value Guidelines Rules for market value revision.
Telangana has among the lowest stamp duty rates in the country. It is 11% in Tamil Nadu, 10% in Kerala, and 5% in Andhra Pradesh (7.5 percent).
After extensive consideration, the Cabinet Sub-Committee recommended that stamp duty be increased, and it has been raised to 7.5 percent from 6 percent for sales and other transactions.
People can phone 18005994788 for further information, or send an email to ascmro@telangana.gov.in with their questions.
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The following items are included in the registration cost for other categories:
In some instances, a Gift is suitable.
a) For property falling in any area except GP: 0.5% subject to a minimum of Rs 1,000 and a maximum of Rs 10,000
b) For property falling in GP: 1.5% plus (0.5% subject to minimum of Rs 1,000 and Maximum of Rs 10,000)
Exchange
a) For property falling in any area except GP: 0.5%
b) For property falling in GP: 2%
Mortgage with possession
a) Property falling in any area except GP: 0.1%
b) Property falling in GP: 1.6%
The last time the Market Value, also known as the ‘Basic Value' for registration, was updated was in 2013. During the early years of the state's existence,
To stabilize and increase growth in various sectors, market values were not changed.
IT, pharma, tourism, infrastructure, and other sectors have seen rapid growth since the state's formation.
Moreover, the creation of new districts resulted in an increase in land values. Apart from that, additional irrigation projects were established, and a large area of ayacut was created, resulting in a significant increase in land prices.
Following that, an extensive and detailed effort was conducted in accordance with the
Telangana Revision of Market Value Guidelines Rules for market value revision.
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Great modification
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