The state government plans to revise the registration charges for agricultural, non-agricultural, and fixed assets, with the changes expected to be implemented by November. Initially, the new rates were set to take effect from August 1, as per the schedule released by the Stamps and Registrations Department in June.
However, following a study conducted in the districts and a report submitted by officials in July, the government was not satisfied with the findings. Consequently, the task of reassessing the land values was handed over to a private agency.
This private firm is now responsible for analyzing land values across the state, considering factors such as survey numbers to determine where price adjustments should be made. The agency has reportedly reached the final stages of its study, focusing on areas influenced by ongoing projects like the southern section of the Regional Ring Road (RRR) and the proposed Future City. The study includes a detailed assessment of land values in these regions.
A report is expected to be submitted to the government within the next week, after which a final decision on the revised prices will be made. The price adjustments are likely to be implemented in the first week of November.
Additionally, there are ongoing investigations into alleged irregularities in recent transfers within the registration department. Reports suggest that lucrative positions were given to individuals close to ruling party leaders and high-ranking officials, with claims that large sums of money were involved in the process.
Some officers allegedly acted as brokers to secure these transfers. It is reported that both the Revenue Minister and the Chief Minister are aware of the situation, and action is expected to be taken soon.