Sunday, 13 September 2020

Realtors Welcome Telangana’s New Revenue Bill

Realtors Welcome Telangana’s New Revenue Bill

Transparency, accountability and fast service are the three key features of the new Revenue Bill presented by Chief Minister K Chandrashekhar Rao in the Assembly earlier this week.

The Bill has triggered many discussions among property owners and, more importantly, real estate bodies are welcoming the steps being taken by the Telangana government to make things convenient for land owners, including those of agricultural and non-agricultural lands.

The State government has now empowered the Tahsildar / MROs as sub-registrars to carry out registration and mutation of agricultural lands. Similarly, the sub-registrars are now empowered to carry out registration and mutation of non-agricultural properties. Thus, people can visit either the MRO or the sub-registrar office based on their property type upon booking a time slot in advance. The entire registration process will be completed after submitting necessary documents and land records will be updated accordingly in real-time.

“The beginning for a change had to be made and it is good that the TRS government is making the right moves in making registration process of agricultural and non-agricultural lands and properties easier, more transparent and accountable,” said CREDAI Hyderabad General Secretary V Rajashekhar Reddy.

Among other benefits, people can plan registration at their convenience and preferred time slots. It is good that the entire process of registration, mutation, updation and extract copy will be handed over to the buyers soon after the transactions and formalities are completed, he said. “This will avoid in making the people run from pillar to post,” said Reddy.

In the new registration process for agricultural lands, the buyer and seller will have to book their slot on the Dharani website. The joint sub-registrar-cum-MRO will allot the slot as desired by the buyer and seller. These details will be uploaded in the log register, which will be maintained in the sub-registrar and MRO offices.TT

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