Archive · 14 Jun 2025
Govt. Plans to Hike Land Values Near Regional Ring Road
The government wants to increase the price of land near the new Regional Ring Road.
This is because they believe the land is becoming more valuable due to new developments like businesses and housing.
They hope to earn more money from land sales by raising the official market value.
The government will make a decision after getting proposals from the Stamps and Registration department.
They are considering a similar increase in other parts of the state.
The government plans to increase the market value of lands between the Outer Ring Road (ORR) and the Regional Ring Road (RRR).
The aim is to generate more revenue from increasing land demand for industrial and residential purposes.
The Revenue and Stamps and Registration departments intend to double the market value in certain zones.
Officials cite developments like Future City, pharma hubs, and universities as drivers of growth in the real estate sector.
The decision will follow proposals from the Stamps and Registration wing, pending approval from the Chief Minister’s Office (CMO).
- Who
- State government and officials from Revenue and Stamps and Registration departments.
- What
- The government plans to increase the market value of lands between ORR and RRR.
- When
- The government will make a decision soon.
- Where
- Between the Outer Ring Road (ORR) and the Regional Ring Road (RRR).
- Why
- To generate more revenue from the growing demand for lands.
- Roads Involved
- ORR and RRR
- Departments Involved
- Revenue and Stamps and Registration
- Proposed Action
- Increase land market value
- Reason for Action
- Increase revenue