Rec Petrolpump Main Road-1 Market Value — Hanamkonda, Hanamkonda Mandal, Hanumakonda

IGRS Market Value in REC PETROLPUMP MAIN ROAD-1, Hanamkonda (2026)

The REC PETROLPUMP MAIN ROAD-1 market value in Hanamkonda village, Hanamkonda mandal, Hanumakonda district is a key IGRS benchmark used for property registration and stamp duty calculations in 2026. As per IGRS valuation data for this stretch (Classification: 02 (Commercial)), the notified land rate is Rs 26,400 per sq.yard. For apartments, the market value is uniform across floors: Ground floor Rs 2,300/sq.ft, First floor Rs 2,300/sq.ft, and Other floors Rs 2,300/sq.ft.

What it means for buyers and sellers

IGRS market value sets the minimum valuation for registration. Buyers should budget duties based on this figure (or higher if the sale price is higher), while sellers can use the REC PETROLPUMP MAIN ROAD-1 market value to benchmark negotiations for commercial plots and built-up assets.

Premium or affordable within Hanamkonda?

With a commercial classification and a clearly defined corridor rate, REC PETROLPUMP MAIN ROAD-1 typically trades as a premium main-road micro-market within Hanamkonda, reflecting stronger visibility and business demand compared to interior residential lanes.

Registration cost estimate (example)

Example: 100 sq.yard plot × Rs 26,400/sq.yd = Rs 2,640,000.

• Stamp duty (5.5%): Rs 1,45,200
• Registration (0.5%): Rs 13,200
• Transfer duty (1.5% municipal): Rs 39,600

Buyer advice for REC PETROLPUMP MAIN ROAD-1

• Use the 91 door-number-wise records to match the exact frontage/door for granular valuation.
• Confirm land use and setbacks align with commercial (02) classification before paying advances.
• Cross-check built-up area measurements for apartments since the IGRS rate is Rs 2,300/sq.ft across floors.