Despite slower sales, Hyderabad property registration revenue jumps to ₹8,710 crore

Telangana’s stamps and registration department has recorded a sharp increase in revenue despite a slowdown in property transactions, collecting ₹8,710 crore between April 1 and October 19 of the current financial year (2026-27). This marks a rise of over ₹1,493 crore compared to the ₹7,217 crore earned during the same period last year.

The revenue surge is largely attributed to the government’s revision of land values for property registrations, which took effect on June 5, 2026. Officials said the increase has helped shore up state finances even as transaction volumes in certain segments, particularly agricultural land, have declined.

How the numbers break down

A total of about 10 lakh documents were registered across both agricultural and non-agricultural properties in the April–October 19 period this year, marginally up from 9.94 lakh in the corresponding period of 2025. The small overall increase masks a significant shift in composition.

For non-agricultural properties — including housing plots, residential and commercial buildings — registrations rose from 6.35 lakh in 2025 to 6.63 lakh in 2026. Revenue from this segment jumped from ₹6,326 crore to ₹7,549 crore, reflecting both higher volumes and increased registration charges.

In contrast, agricultural land registrations fell from 3.58 lakh to 3.37 lakh year-on-year. Despite the drop in volume, revenue from agricultural properties increased from ₹890 crore to ₹1,189 crore due to the higher valuation base.

Data clave

Why the jump happened despite slower sales

Registration department officials told Times of India that the revenue growth was driven primarily by the government’s decision to hike land values used for calculating stamp duty and registration fees. The revision, announced in June, prompted a surge in registrations during April and May as buyers and sellers rushed to complete transactions before the new rates took effect. During those two months, around 20,000 more documents were registered than in the same period last year.

From June onwards, monthly registrations fell by between 2,000 and 5,000 compared to the previous year. Officials noted that October is traditionally considered an auspicious month for property purchases, but so far no significant uptick has been observed. They remain hopeful that activity will pick up in November.

Impact on Hyderabad and rural areas

Property transactions continue to show momentum in the core urban region (CURE), which includes Hyderabad and its surrounding areas. However, registrations of agricultural lands have declined significantly across rural Telangana. Real estate industry representatives attribute this slowdown to rising land prices, with agricultural land values now averaging around ₹20 lakh per acre in several districts.

The divergence between urban and rural markets is clear: while Hyderabad’s property market remains relatively active, higher costs are dampening demand for agricultural land in the districts.

Revenue targets and outlook

The registration and stamps department generated ₹15,280 crore in total revenue during the last financial year (2025-26). With collections already nearing ₹9,900 crore this year — including revenue from stamp paper sales — officials are confident of meeting their target of around ₹18,000 crore by March 2027.

For Hyderabad residents and property buyers, the trend means that stamp duty and registration costs will remain elevated due to the higher land valuation base. Buyers should factor in these increased charges when budgeting for property purchases. Those planning to register agricultural land should also be aware that transaction volumes are slowing, though the cost of registration has risen.

Source: Times of India – Hyderabad – “Despite slower property sales, registration revenue surges to ₹8.7k cr” (https://timesofindia.indiatimes.com/city/hyderabad/despite-slower-property-sales-registration-revenue-surges-to-8-7k-cr/articleshow/135098891.cms)