Market Value Telangana: Complete guide & Latest news on Revised Market Rates

Introduction:

Market value is the minimum value set by the Telangana government at which a property can be registered. This acts as a benchmark for property transactions, ensuring transparency and preventing undervaluation. The Telangana Registration Department regularly revises the market value to reflect changes in the real estate market.

Latest Updates:

Telangana’s Revenue Minister recently directed officials to revise land prices, aiming to bridge the gap between existing market values and current property rates. This revision seeks a balance between ensuring transparency in property transactions and minimizing the burden on middle-class buyers.

This move comes after a significant increase in land prices across the state, particularly in Hyderabad. While aligning market values with current rates will boost state revenue, the government is emphasizing a scientific approach to avoid drastic hikes that could disadvantage buyers. The revision process is expected to consider factors beyond just current market rates to ensure affordability remains a priority.

Latest Trends and Insights for 2024

As of 2024, Telangana’s real estate market continues to show dynamic growth, driven by urban development, infrastructure projects, and economic policies. Here are some of the latest trends and insights:

1. Boom in Residential Real Estate: Telangana’s residential real estate market continues to thrive, particularly in Hyderabad and its surrounding areas. The demand for affordable housing remains high, with several new projects being launched in the suburban regions of the city. Key areas such as Gachibowli, Kukatpally, and Kondapur are witnessing rapid development, driven by a growing IT workforce and improved connectivity.

2. Government Policies and Reforms: The state government’s favourable policies, including incentives for real estate developers and simplified property registration processes, have made Telangana an attractive destination for real estate investments.
3. Commercial Real Estate Trends: The commercial real estate sector is experiencing a surge in demand, particularly for Grade A office spaces. Hyderabad is emerging as a top destination for multinational companies, with several global tech giants expanding their operations in the city. The Financial District and HITEC City remain the preferred locations for office space investments, with occupancy rates hitting new highs.
4. Infrastructure Developments: Telangana’s infrastructure is receiving a significant boost with the completion of major projects like the Hyderabad Pharma City and the Regional Ring Road (RRR). These developments are expected to enhance connectivity and stimulate real estate growth in the peripheral areas of Hyderabad. The upcoming metro rail expansion will also improve accessibility, making remote areas more attractive for residential and commercial investments. The state government’s push for infrastructure projects, such as new highways, metro expansions, and the development of IT hubs, has significantly influenced property values. Cities like Hyderabad, Warangal, and Karimnagar are experiencing a surge in market value due to these developments.
5. Real Estate Investment Opportunities: Investors are increasingly eyeing Telangana as a lucrative market for real estate investments. With the state’s progressive policies and robust infrastructure development, both residential and commercial properties are offering attractive returns on investment. Areas like Shamir pet, Maheshwaram, and Adibatla are emerging as hotspots for investors, given their proximity to key industrial and IT hubs.
6. Market Outlook: The outlook for Telangana’s real estate market remains positive, with sustained demand across residential, commercial, and industrial segments. The state’s proactive approach to urban planning and development, coupled with its strategic location, continues to attract both domestic and international investors.

Importance of Market Value in Real Estate Transactions

1. Accurate Pricing: Understanding the market value helps sellers’ price their properties accurately, ensuring they receive a fair price without overpricing or under-pricing their assets. For buyers, it ensures they pay a fair amount for the property.
2. Loan Approvals: Financial institutions rely heavily on market value assessments to approve loans. Accurate market value ensures that buyers can secure adequate financing for their property purchases.
3. Taxation: Property taxes are often calculated based on market value. Accurate market assessments ensure that property owners are taxed fairly, based on the true value of their properties.
4. Investment Decisions: Investors use market value to gauge the potential return on investment (ROI). Properties with high market value appreciation prospects are more attractive to investors looking for profitable ventures.
5. Legal Clarity: In legal disputes, such as inheritance issues or property divisions, market value plays a crucial role in ensuring fair and equitable settlements.

Factors Influencing Market Value in Telangana

1. Location: Proximity to essential amenities, schools, hospitals, and commercial hubs greatly influences market value. Prime locations in Hyderabad and other major cities command higher prices.
2. Infrastructure: The presence of good infrastructure, including roads, public transport, and connectivity, boosts property values. Upcoming projects also have a positive impact.
3. Economic Conditions: The overall economic health of the region, including employment rates and business growth, affects real estate values.
4. Supply and Demand: High demand and limited supply lead to increased market values. Conversely, an oversupply can reduce prices.
5. Government Policies: Regulations, tax incentives, and real estate reforms introduced by the state government can either positively or negatively impact market values.

Market Value Telangana:

Steps to check non-agriculture land rates

• To check the non-agriculture rates in Telangana, visit the official website of registration and stamp department visit the official website https://registration.telangana.gov.in/, select the option” Market value search “ you will be redirected to a new page, where you need to search either with land value and Apartment value. select any one of them to get the required area of land rates in a particular district, you need to select District, Mandal and village and click on submit

Steps to check Agriculture land rates

Only farmland is currently eligible for the facility. To confirm the market values of land parcels, follow the steps mentioned below:

• Step 1: Visit the Dharani portal and click on the ‘Agriculture’ option.
• Step 2: Select the ‘View Market Value of Lands for Stamp Duty’ option.
• Step 3: Select the District, Mandal, Village, or City from the drop-down menu.
• Step 4: Click on the ‘Fetch’ button.
• Step 5: The market value is displayed on the screen.

Conclusion

Understanding the market value in Telangana is essential for making informed real estate decisions. As of 2024, the state’s real estate market is influenced by various factors including urban development, infrastructure projects, and economic policies. Accurate knowledge of market value ensures fair pricing, aids in loan approvals, impacts taxation, and guides investment decisions. For both buyers and sellers, staying updated with the latest market trends and values is crucial for successful real estate transactions in Telangana.