In the case of open plots, the earlier lowest value was Rs 100 per square yard, this has now been revised to Rs 200 per square yard. The basic values for open plots have been revised by 50% in the lower range, 40% in the mid-range and 30% in the higher price range of open plots.
The existing lowest value for flats/apartments was Rs 800/- per square feet which has now been revised to Rs 1000/- per square feet. For flats/apartments, the increase is by 20% in lower ranges and 30% in the higher price ranges.
Stamp duty rates have now been revised to 7.5 % from the earlier 6 %. The decision was taken by the Cabinet Sub Committee, after detailed deliberations and careful consideration of the matter. The state government claimed the state duty rates in Telangana are among the lowest in the country. In the neighbouring states, the duty rates are much higher – TN (11%), Kerala (10%), Andhra Pradesh (7.5%).
The state informed that all registrations which will take place on or after July 22 will be as per the new rates. This is even if slots have been booked and payments have been made earlier.
In cases where payments have already been made for registrations and slots have been booked for July 22 and thereafter, a module titled “Additional payments for Slots already booked” has been made available in the Dharani portal for making additional payments.