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Hyderabad News.Telangana Stir Hit Land Sales Not Just in Hyderabad. Revenue Collection Dips All over the State

Hyderabad News. Hindu 29.04.2010


(Excl Ventures News.)

Contrary to public perception, the agitations for and against statehood affected land sales in the Andhra and Rayalaseema regions as in the Telangana region.
This became evident when officials compiled figures for income from land registration in 2009-10.


The state earned Rs 2,902.38 crore against the target of Rs 4,030.20 crore from land registrations. After excluding the revenue to be shared with local bodies, the net income to the government would be Rs 2,599 crore.


“There was a recovery in registrations during October and November,” said Mr B. Aravind Reddy, the inspector-general, stamps and registration.
“Unfortunately registrations could not be sustained due to agitations,” he said.





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Visakhapatnam recorded registrations worth Rs 148.54 crore against a target of Rs 235.38 crore. Vijayawada earned Rs 85.52 crore (target Rs 110.43), and Tirupati, Rs 61.07 crore (Rs 87.73 crore).


The revenue from Hyderabad was reasonably good at Rs 342 crore against a target of Rs 457 crore. Ranga Reddy and RR East divisions could earn only Rs 669 crore against the targeted Rs 1,163 crore.


In a bid to provide relief to the common man, the department has decided to reduce the number of slabs in registration. Henceforth, there will be seven slabs in rural areas. Land values in the one survey number will be the same. All urban areas will have the same rates, according to the new rates.


In the new classification, the slabs are divided as follows: Dry, wet land, garden, fit for house sites, land access to national and state highways, government and assigned land.
“For example, Banjara Hills will have residential and commercial slab. Earlier there were slabs like semi-commercial, slum and government land. We are going to reduce the number of slabs in a way that people will get maximum benefit,” said Mr Aravind Reddy.




Comment :

Ranga Reddy Dt. has taken the largest hit with revenue collection being half of the projected value



Keyword TagsHyderabad News,Telangana, Registrations, Revenue Collections
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