As land rates (government value) ar set to be revised from Apr one, 2013 and railroad rail work is progressing at a brisk pace, there\’s a spurt in property registrations within the town, particularly in aras wherever the railroad corridors are passing through like L B Nagar, Uppal and Miyapur.
Registrations and Stamps (R&S) department officers expect property registrations to select up any when Gregorian calendar month fifteen. Last week, the chief minister directed the R&S department to revise land rates from Apr one by tantalising objections and suggestions from voters. The land values for property registrations were revised in August 2010 last.
Uppal sub-registrar’s workplace (SRO) covering Uppal, Ramanthapur, Boduppal , Medipally and Peerzadiguda wont to get eighteen to twenty documents (registrations) per day until recently. Now, the quantity has jumped to twenty five to thirty registrations per day within the last one week.
Another developing space within the East of town, L B Nagar, that covers areas like L B Nagar, Nagole, Kothapet, Karmanghat , Biramalguda, Jillelguda, Almasguda and Badangpet, currently gets a minimum of forty documents per day, wherever it wont to get 25-30 property registrations until recently. L B Nagar sub-registrar has been on prime of the property registrations within the entire East division of R&S department of Rangareddy district. “Since many folks take into account days until Gregorian calendar month fifteen inauspicious, registrations ar simply ten to twenty in some elements of town. we have a tendency to expect the quantity of registrations to travel up when Gregorian calendar month fifteen,” L B Nagar sub-registrar M Ravinder aforementioned.
Some divisions in Rangareddy have already achieved the 100% target in revenue earnings for the 2012-13 financial and a lot of property registrations could be recorded when Gregorian calendar month fifteen. for example, West division of RR district, comprising upscale areas like Madhapur , Kondapur, Gachibowli, Kukatpally and Miyapur, has achieved its target of Rs one,200 large integer each year. “Most of the revenue from West division is returning from areas on railroad passageway routes at Miyapur and Kukatpally (corridor I Miyapur to L B Nagar). Similar is that the case with L B Nagar and Uppal areas,” S Ashok, registrar of Rangareddy (West), told STOI.
With reference to revision of land values, the R&S department has begun the exercise of revision of tax. This time, except land values, the rates for flat registrations would even be revised. In Nagole, current land worth for registrations is Rs five,500 per square measure and it\’s doubtless to be revised to Rs eight,000 to Rs nine,000 per sq yard.
Similarly in Kothapet, the land worth is probably going to be raised to Rs ten,000 per sq yard from the present Rs seven,000. flat rates ar between Rs one,200 to Rs one,800 per sq. feet (sft) in Madhapur, Kondapur and Gachibowli areas which could be multiplied by Rs five hundred per sft.reyality of hyderabad rates going gr8 ,plz chek in sqyards.com .