RRR Boom Sends Land Values Skyrocketing—Telangana’s Big Hike Ahead

The Telangana government is set to raise the market value of both agricultural and non-agricultural lands by a steep 50 to 60 percent, a move expected to take effect by the end of June or early July. This decision comes as the state looks to boost revenue, especially after a dip in collections from the Stamps and Registration Department and as land acquisition costs for major projects like the Regional Ring Road (RRR) soar.

 

Key Highlights:

 

The hike will impact landowners, homebuyers, and developers across Telangana, making property purchases significantly more expensive. Registration charges are also likely to rise by two percent, from the current 7.5 percent to 9.5 percent of property value.

 

The revision follows recommendations from the Market Value Revision Committees and is the first major update since 2022, when land values had already seen substantial increases.

 

Officials say the new rates are necessary to align market values with the steep rise in real estate prices over the last decade and to help the government meet its ambitious revenue target of Rs 25,000 crore this year.

 

The move is projected to generate an additional Rs 10,000 crore for the state, but critics warn it could put home ownership further out of reach for middle-class families and first-time buyers.

 

The RRR project itself has driven up compensation rates for affected landowners, with some areas seeing payouts triple compared to previous years. However, resistance from farmers and landowners continues, with many arguing that compensation still lags behind true market rates.

 

As Telangana pushes ahead with infrastructure growth, the new land values are set to reshape the real estate landscape for buyers and investors alike.

 

Sources: Telangana Today, Deccan Chronicle, Times of India