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The Andhra Pradesh government has decided to revise land prices from February 1, 2025, based on the prevailing market values in different areas. Initially, the revision was set for January 1 but was postponed to allow for a detailed study of the market values. The government will implement downward revisions in areas where the actual market value exceeds the current price. Revenue Minister Anagani Satya Prasad announced that the department expects a report by January 15, with recommendations for both upward and downward price adjustments. The department is also aiming to meet a revenue target of INR 9,500 crore for the current financial year.
The Andhra Pradesh government has decided to revise land prices starting from February 1, 2025, in alignment with the prevailing market values of specific areas. Initially, the revision was scheduled for January 1 but was delayed to allow for a more comprehensive study of the market conditions. Advertisement
For the first time, the government plans to lower land prices in certain regions where the set market value exceeds the current rates, according to Revenue Minister Anagani Satya Prasad. He mentioned that the department expects a report by January 15, which will include recommendations on both upward and downward revisions of land prices based on market conditions. Land prices could increase by 15% to 20%, depending on market trends, and in areas where there is a value mismatch, downward revisions are also expected to fall within the same range.
The Minister also highlighted that the government is conducting a detailed exercise to determine land values using a more rational approach, as opposed to the previous government's practice of automatic price hikes. The revenue department has set an ambitious target of INR 9,500 crore for the current fiscal year and is confident that it will meet this goal. Furthermore, the department has addressed over 1.7 lakh complaints received during revenue meetings, with 11,000 resolved immediately. Work is ongoing to resolve the remaining complaints.
The state's decision to incorporate both upward and downward revisions, depending on local market conditions, marks a significant shift from the traditional approach. With a detailed and rational evaluation process, the government hopes to address issues in land pricing, and it is optimistic about meeting the revenue target for the year. As the process unfolds, ongoing efforts to resolve complaints will continue, contributing to a more transparent land valuation system.
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