The Minister revealed that the substantial disparity between actual market prices and government-fixed values was giving rise to numerous issues in land transactions. To rectify this situation, a comprehensive revision of market values has been undertaken across the jurisdiction of all 144 Sub-Registrar Offices in the state.

He noted that the Rural and Urban Market Value Revision Committees carefully examined local conditions, formulated the revised values, and subsequently approved them. The Minister further stated that market values were determined by taking into consideration various critical factors, such as the developmental potential and growth rate of specific areas, recent land auctions, prevailing market conditions, demand, the presence of new roadways, growth corridors, the Outer Ring Road, the Regional Ring Road, industrial development, and the expansion of infrastructure. Regarding residential flats, it was explained that anomalies had arisen in certain areas in the past because high rates were fixed on a floor-wise basis, even though actual field-level market prices in those localities were relatively low.

Consequently, market values in such areas have now been rationalised by applying a uniform rate across all floors. He added that no increase in market values has been proposed for areas where values were already deemed to be high. Similarly, it was stated that minimum base rates for agricultural lands, residential plots, and flats have been firmly established based on the developmental status of the respective areas within the jurisdictions of the Hyderabad Metropolitan Development Authority, CURE, and other regions across the state.