Overview
- The government implemented new land and property valuations across all 144 Sub-Registrar Office jurisdictions on June 5 after separate rural and urban committee reviews of market trends and registrations.
- Officials set explicit minimum per-acre floors at Rs 2.75 lakh for rural areas, Rs 5 lakh in municipal corporations, Rs 10 lakh within HMDA limits and Rs 15 lakh in the ORR corridor, and updated construction-cost norms for RCC and non-RCC buildings for the first time since 2021.
- The Revenue Department says the changes will boost annual receipts by about Rs 1,200–1,400 crore and that there is no plan to raise registration fees alongside the higher valuations.
- As part of the rollout the government has curtailed Sub-Registrar powers, begun digitising land records, started building integrated SRO complexes with private partners, and published a toll-free helpline (1800-599-4788) and WhatsApp number (8247619983) for complaints and reviews.
- Market reaction was limited to a mild, short-term rise in registrations before the deadline in some suburban SROs, while opposition voices called for an immediate review and the government said it will correct any identified valuation errors.