Registration Cost May Increase by May 1 Week

The state government has decided to revise the market value of land, residential and commercial buildings — the official government value used for property registrations — with the enhanced rates, which are likely to come into force from the first week of May. 

The decision was taken at a meeting of the Cabinet sub-committee on revenue mobilisation held at the Secretariat on Friday. 

This marks the first revision of land market values since the Congress



government assumed office in December 2023, while the previous revision was carried out during the BRS regime in 2021.

While the quantum of the hike is yet to be officially announced, it is learnt that the government has decided to slightly increase the market value of apartments while marginally reducing the value of commercial buildings.

Official sources indicated that the market value of agricultural land will be increased by two to three times, depending on location.