Market Value of CHOTABAZAR-1, Hyderabad, HYDERABAD DIVISION

IGRS Market Value of CHOTABAZAR-1, Hyderabad (2026)

As per Telangana IGRS guidelines (2026), the CHOTABAZAR-1 market value in Hyderabad village, HYDERABAD mandal, HYDERABAD DIVISION district is set under Classification 01 (Residential). The notified land rate is Rs 14,200 per sq.yard. For apartments, the IGRS rate is uniform across floors: Ground floor Rs 2,500/sq.ft, First floor Rs 2,500/sq.ft, and Other floors Rs 2,500/sq.ft.

What this market value means for buyers and sellers

IGRS market value is the government’s benchmark used to calculate registration charges and stamp duty. If your agreement value is lower than the guideline, charges are typically computed on the higher IGRS value—so the CHOTABAZAR-1 market value directly impacts your total transaction cost and the minimum value considered for registration.

Premium or affordable within Hyderabad?

At Rs 14,200/sq.yd for residential land and Rs 2,500/sq.ft for apartments, CHOTABAZAR-1 generally sits in the affordable-to-mid bracket for Hyderabad, especially compared to premium micro-markets where guideline values trend higher due to stronger demand and tighter supply.

Registration cost estimate (municipal area example)

Example: 100 sq.yard plot value = 100 × 14,200 = Rs 14,20,000.

• Stamp duty (4%): Rs 56,800
• Registration fee (0.5%): Rs 7,100
• Transfer duty (1.5%): Rs 21,300

Buyer advice for CHOTABAZAR-1

• Budget using the CHOTABAZAR-1 market value to avoid last-minute cash shortfalls at registration.
• Verify land use, approvals, and encumbrance status before paying advances.
• For apartments, compare the IGRS rate (Rs 2,500/sq.ft) with actual quoted prices to judge negotiation room.