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    HomeTelanganaPlans in progress to increase land value

    Plans in progress to increase land value

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    The government is working to increase the value of non-agricultural lands in Khammam district. They are preparing proposals in collaboration with the Stamps Agreement Department to raise land values, as the open market value is higher than government rates.

    The government plans to increase land rates above half the rate in the open market. Orders have been given to raise prices for both agricultural and non-agricultural lands. A schedule was released on September 7 outlining the process for the price hike, and officials are now revising land values in the district.

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    There are 11 sub registrar offices and tahsildar offices in Khammam district. Meetings were held on June 20 and 21 at district collectorates to discuss increasing land prices within these limits. Officials examined market prices and discussed potential price increases.

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    To facilitate the increase in land values, committees have been formed with the RDO as chairman for rural areas and the Additional Collector (Revenue) as chairman for urban areas. Members include Tehsildar, MPDO, Market Value Sub-Registrar, and others. Municipal authorities and Tehsildar’s Committee must provide details on new developments like wards, colonies, and commercial buildings.

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    The final decision on land price increases will be made by June 29, with the new values made public on July 1. Public objections will be accepted until July 15, and the increased land values will come into effect on August 1. It is estimated that this increase could generate up to Rs 400 crores in revenue for the district, surpassing the current annual revenue of Rs 250 crores. The District Registrar, Chittimalla Ashok Kumar, confirmed that they are following the government’s schedule for land value revision and will finalize values by July 24 after addressing public objections.

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    Rajesh M
    Rajesh Mhttps://www.telanganatribune.com
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