Date:27/06/2008 URL: http://www.thehindu.com/2008/06/27/stories/2008062754460600.htm

Andhra Pradesh

Registration charges for flats to go up in A.P.

Special Correspondent

HYDERABAD: Market values of properties such as lands and buildings in towns and cities in Andhra Pradesh will be revised upwards by 5 to 10 per cent from August 1 for registration purpose.

Such a revision is due in all urban areas, but the government is contemplating implementation of the hike only in select cities and towns. The slump is reported even in Hyderabad for a variety of reasons, including the uncertainty over the Telangana statehood issue.

However, a senior official said the Stamps & Registration Department, had decided to increase market values even in Hyderabad as construction activity was at its peak.