Lalbazar-1 Market Value — Hyderabad (IGRS 1600002), Hyderabad Mandal, Hyderabad Division

IGRS Market Value in LALBAZAR-1, Hyderabad (2026)

As of 2026, the LALBAZAR-1 market value in Hyderabad village, HYDERABAD mandal, HYDERABAD DIVISION district, Telangana is classified as 01 (Residential) under IGRS. The notified IGRS rates are: land rate Rs 26,700 per sq.yard and apartment construction rates of Rs 2,500 per sq.ft for ground floor, first floor, and other floors. These values are used by the registration department to calculate minimum property value for stamp duty and registration, helping prevent under-reporting in sale deeds.

What the IGRS rate means for buyers and sellers

For sellers, the LALBAZAR-1 market value sets the baseline value for registration and supports realistic pricing discussions. For buyers, it indicates the government’s minimum benchmark—if your negotiated price is lower, duties are typically calculated on the higher IGRS value.

Is LALBAZAR-1 premium or affordable within Hyderabad?

At Rs 26,700/sq.yd, LALBAZAR-1 sits in a mid-to-premium bracket for established Hyderabad residential pockets—generally more expensive than far-peripheral layouts, while often below the city’s top-tier micro-markets.

Registration cost estimate (municipal areas)

• Example plot: 100 sq.yard × Rs 26,700 = Rs 2,670,000
• Stamp duty (5.5%): Rs 1,46,850
• Registration (0.5%): Rs 13,350
• Transfer duty (1.5%): Rs 40,050

Buyer advice for LALBAZAR-1

• Verify the latest LALBAZAR-1 market value in IGRS before finalizing price and budgeting duties.
• Check title chain, EC, and mutation; match plot boundaries with survey/sketch.
• For apartments, confirm approved plans, occupancy status, and carpet vs built-up area before signing.