Decision on revision of land values, hike in registration charges likely on Wednesday
The Hindu
Cabinet to continue its meeting for second day
The State Cabinet has not taken a final decision on hiking registration rates and upward revision of land values during the meeting convened on Tuesday. The meeting of the Cabinet will continue on Wednesday and officials are confident that a decision on the enhancement of registration values and revision of land values will be arrived at on Wednesday. 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 neighbouring Andhra Pradesh, revised them several times in the past few years.
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