Hyderabad: New registration charges for agriculture and non-agriculture land and properties will come into force from August 1. This followed the recent decision of the Telangana government to revise the market value of lands to boost its revenues.

This will be the first hike in land value and registration charges after the Congress came to power in December 2023. The Stamp and Registration Department has initiated an action plan to study the current value and revise it to fix new registration charges accordingly.

The department will begin the groundwork in this regard on June 18 after a meeting with additional Collectors and Revenue Divisional Officers (RDOs). The Stamp and Registration Department has issued guidelines for revising the market values in rural and urban areas

After an analysis in a phased manner, new registration charges will be decided on July 1. Subsequently, the final market value will be fixed after a few rounds of scrutiny.

After a study by committees at the Mandal and district levels, new market value will come into effect from August 1. The Stamp and Registration Department will also hold meetings with officials of Revenue, Municipal Administration, Panchayat Raj, and Survey departments.

After posting the revised values on the website on July 1, the department will call for suggestions and objections from people till July 20. The exercise to fix revised values will be completed by July 31 and revised rates will come into effect from August 1.