Skip to main content

Telangana 2021: New Registration charges are implemented.

The State Cabinet has taken a final decision on hiking registration rates and upward revision of land values. The Cabinet, according to sources, discussed at length the proposals submitted by the Registration and Stamps wing of the Revenue department for enhancing the registration values which remained constant since the formation of the State.

The registration charges are proposed to be increased to 7.5 % in place of the existing 6 % of the value of the property. The Finance department too mooted the proposal as registration charges remained constant in Telangana when other States, including neighboring Andhra Pradesh, revised them several times in the past few years.
The government had taken cognizance of the officials’ report that there was a huge variation in the land prices fixed by the government and the actual market value. As a result, registration of properties was being recorded as per government value, but the actual value of the registered property was much higher thereby impacting the government’s revenues.

 

With the increase in the registration charges the Registration and Stamps Department is expecting an additional revenue to the tune of ₹ 3,000 crore to ₹ 3,500 crores during the current financial year consequent on the upward revision of the land prices and registration charges.

REVISED REGISTRATION CHARGES CHART

REVISED REGISTRATION CHARGES CHART


Labels:

Comments

Post a Comment

Popular posts from this blog

WHAT IS FTL LAND (FULL TANK LEVEL) IN TELANGANA?

                                            FTL  LAND (FULL TANK LEVEL)   Full Tank Level Lake maps are being prepared to show Full Tank Level (FTL) boundaries, showing Lat-long coordinates and buffer zones all around the lakes, and subsequently superimposed with Revenue survey numbers of the relevant part of the village map. Restriction of building activities in the vicinity of water bodies.   The Hyderabad Metropolitan Development Authority is constituted under the provisions of HMDA Act, 2008 for the purpose of planning, coordination , supervisi ng, promoting, and securing the planned development of the Hyderabad Metropolitan Region. The Hyderabad Metropolitan Region has a large number of lakes and water bodies that are of critical importance to the Hyderabad Metropolitan Region for many reasons, including some as mentioned below:  • Recharging of gr...
Post a Comment
Read more

Exploring the Indian Easement Act and Rent Control Act: Impact on the Real Estate Market

In the dynamic landscape of India’s real estate market, legal frameworks play a crucial role in shaping property ownership and tenancy. Two key legislations, namely the Indian Easement Act and the Rent Control Act, hold significant importance in this context. In this blog, we delve into the intricacies of these acts and analyze their impact on the Indian real estate market. Understanding the Indian Easement Act: The Indian Easement Act, established to regulate easements, refers to the right to use another person’s property for specific purposes without possessing it. Easements can include rights like access, light, air, or support. This act outlines the legal framework for creating, transferring, and extinguishing easements. Property owners and developers must navigate this act carefully when dealing with properties that share easement rights. Impact on Real Estate: From a real estate standpoint, the Indian Easement Act is crucial in situations where properties have interd...
Post a Comment
Read more

What is Lavani Patta Land?

 In Telangana, there are different types of lands titles that provide land ownership. Here Lands are segregated into Private land and Government Assigned Land, and the land owned by an individual who has Record Of Rights ROR on his name, and has legal land title ownership. Whereas government-assigned land is allotted to any individual who belongs to a BPL Below Poverty Level family to elevate their economic standards is termed as Government Assigned Land. Here it has ownership land title on an individual’s name, but assigned lands cannot be sold or transferred to anyone. To obtain a Lavani Patta one can get it from the Revenue Department of the state. The Chief Commissioner of Land Administration (CCLA) is the chief controlling authority for the revenue administration. Usually, the Tahsildar is the competent authority to assign the lands. Here, 50 percent land is assigned to Schedule Castes, 10 percent to Schedule Tribe, 30 percent to the backward classes, and the rest 10 percent i...
Post a Comment
Read more