Skip to main content

TELANGANA GOVERNMENT IS LIKELY TO HIKE THE MARKET VALUE BY 20% TO 50%.

Telangana government is likely to hike the market value for agriculture and non-agriculture lands to the tune of 20 % to 50% if the cabinet assents to the hike. It will come into effect very soon. In the recent past 2021, the Telangana government had earlier hiked the market value and stamp duties and now it is targeting to once again hike because of the boom in land values and its surge in the real-estate sector.

The government of Telangana, the stamps & Registration Department is expecting a revenue of about 10,000 crore rupees in this financial year and an additional revenue increase of 4000 crore rupees if the market value is hiked. Due to the possibility of a hike in the due-course, there is a humongous amount of registrations happening which is causing huge queues in offices and more revenue to the Government.

Since the inception of Telangana’s formation, the agriculture and non-agriculture land values had surged very quickly due to various reasons. For instance, the completion of kaleshwaram and other irrigation projects brought water for agriculture use which shot up the value to many folds. While in a non-agriculture sector the IT corridors development and investors investing in the west of Hyderabad has given a boost to the surge in Hyderabad metropolitan areas. In non-metropolitan areas, there is also an upward trend of purchasers of land with a prospect of their return on investment due to rapid urbanization, road connectivity, prosperity, awareness among the realty sector, normalcy from Cocid-19 effects. 

After an earlier revision, the minimum value for agricultural land was fixed at Rs 75,000 per acre and the minimum value was fixed at Rs 1,000 per sq ft for flats. For open plots, the minimum rate was decided as Rs 200 per sq. yard. All the rates came into effect from July 22, 2021. Now once again there is a possibility of an increase in registration charges very soon.

Labels:

Comments

Post a Comment

Popular posts from this blog

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 res...
Post a Comment
Read more

Union Budget 2025 Increases TDS Limit on Fixed Deposit Interest

The Union Budget 2025 introduces a significant relief for fixed deposit (FD) holders by increasing the TDS (Tax Deducted at Source) threshold on interest income. The limit has been raised to ₹50,000 for general citizens (up from ₹40,000) and ₹1 lakh for senior citizens (doubling from ₹50,000). This change will take effect from April 2025 and aims to simplify tax deductions while easing the financial burden on depositors, particularly retirees. New TDS Limits on Fixed Deposit Interest 📌 For General Citizens : The TDS threshold is now ₹50,000 , compared to the previous ₹40,000. 📌 For Senior Citizens : The exemption limit has doubled from ₹50,000 to ₹1 lakh , offering significant tax relief. This means less TDS deduction on interest earnings , allowing depositors to retain more of their money. How TDS on Fixed Deposit Interest Works TDS is deducted when FD interest earnings exceed the specified threshold in a financial year. Banks deduct 10% TDS if the depositor provides their PA...
Post a Comment
Read more

Hibanama: A Universally Applicable Mechanism for Dispute Resolution

In the diverse fabric of India, the term “Hibanama” transcends religious boundaries, serving as a consensual mechanism for dispute resolution applicable to all communities. This blog explores the universality of Hibanama, debunking any misconceptions about its exclusivity to a particular religious group. Understanding Hibanama: Contrary to any misconceptions, Hibanama is not exclusive to the Muslim community but is a legal concept applicable to individuals of all religions in India. Rooted in the principles of voluntary resolution, Hibanama emphasizes mutual agreement and compromise in the face of legal disputes, irrespective of religious affiliations. Applicability to All Communities: Hibanama in Hindu Law: Hindu law recognizes the importance of amicable settlements, and Hibanama aligns seamlessly with this ethos. Parties involved in property disputes, family matters, or contractual disagreements within the Hindu community can opt for Hibanama to expedite justice. Hibanama...
Post a Comment
Read more