To improve the transparency and efficiency of the registration process and expedite real estate transactions, the Telangana government is getting ready to propose significant changes to the Stamp and Registration Act. The action is a component of a larger state drive to improve land administration and increase investor trust in the real estate market.
Senior officials from the Registration and Stamps Department stated that the proposed revisions will prioritize reducing manual intervention, encouraging digital transactions, and streamlining paperwork procedures. Additionally, the government intends to increase the accuracy and speed of its online stamp duty payment, document verification, and registration systems.
According to sources, the changes might involve updating stamp duty rates to reflect current market values. In order to promote real estate purchases and guarantee consistent tax collection, the government must continue to adopt a balanced strategy. More accountability in real estate transactions is also anticipated with the introduction of harsher sanctions for non-compliance, fraudulent registrations, and false declarations.
The government thinks these changes will draw more investors and encourage openness, especially in Hyderabad and the surrounding areas, where Telangana’s real estate market is expanding steadily. The program is in accordance with the state’s digital governance objectives, officials said, which include encouraging paperless transactions and real-time data access for agencies and citizens alike.
Experts in the field have praised the action, describing it as a “timely reform” that will lessen the delays and disagreements that frequently arise during registration. They think the changes could boost public confidence in the land registration system and greatly facilitate conducting business in the state.
After the state cabinet has given the draft measure a thorough study, it is anticipated to be tabled shortly. If accepted, the Telangana Stamp and Registration Act’s new provisions have the potential to completely change the way real estate transactions are conducted and establish new benchmarks for openness, effectiveness, and investor trust in the state’s expanding real estate market.
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