Land prices, registration charges to soar in Telangana as Congress pushes for money

Hyderabad: Owning a home in Telangana may become more expensive from next month, with the Congress government approving a steep hike in land market values and registration charges across the State.

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The revision, pending since last year, is expected to come into effect by the end of June or early July, potentially putting home ownership further out of reach for many. Sources said the government has cleared proposals submitted by the Market Value Revision Committees, recommending a 50 to 60 per cent hike in the market value of both agricultural and non-agricultural lands. In addition, registration charges are likely to increase by another two per cent from the existing 7.5 per cent