District Document Writers’ Association president Amruthapur Gangadhar has said that the government had abnormally increased land value and registration rates and they were particularly limited to Telangana region.
As a result, land transactions in the region had come to a halt from April 1. Never before had the rates increased on such a scale and ordinary people could not afford to purchase lands henceforth. The per acre land rate which was Rs.1.5 lakh until recently shot up to Rs.15 lakh at once, he said. Earlier, registration rates used to be increased by 10 to 30 per cent but now all of sudden the rates had been hiked by 350 per cent to 480 per cent, he said, adding that the rates had been made applicable uniformly. Thus, in slum localities such as Chandrasekharnagar, Gouthamnagar and Ambedkar Colony per square yard rate used to be Rs.1,400 and now it had peaked to Rs.4,000, he added.
Mr. Gangadhar said that his association had decided to strike work in the district on Wednesday opposing the new rates and demanding their immediate withdrawal.