Cabinet panel favours revision of land prices, registration fee

Land values and registration charges not revised since formation of Telangana State

The Cabinet sub-committee on resource mobilization has favoured revision of land prices and charges on registration of land and properties across the State. The committee headed by Minister for Finance T. Harish Rao felt that series of developmental programmes launched by the government had resulted in significant appreciation of land values. Works launched on major irrigation projects resulted in steep hike in values of agricultural lands in the rural areas and infrastructure development resulted in significant appreciation of land values in urban areas. But there was no change in land values since the formation of the State in 2014 and levy of charges for registration were not commensurate with the increased land values. The committee comprising ministers K.T. Rama Rao and Vemula Prashanth Reddy, Chief Secretary Somesh Kumar, Inspector-General Registration and Stamps Seshadri and other senior officials as members held discussions with the departments concerned over the scope for increasing registration values as part of efforts to mobilise resources.