Lakshmi Nagar Market Value — Cheeriyal, Keesara Mandal, Medchal-Malkajgiri
The IGRS Telangana market value of Lakshmi Nagar in Cheeriyal, Keesara mandal, Medchal-Malkajgiri District is Rs 2,300 per sq.yard for land. Apartment rates: Ground floor Rs 2,200/sq.ft, First floor Rs 2,200/sq.ft, Other floors Rs 2,200/sq.ft.
All Classifications
| Classification | Land Rate (Rs/sq.yd) | Ground Floor (Rs/sq.ft) | 1st Floor (Rs/sq.ft) | Other Floors (Rs/sq.ft) |
|---|---|---|---|---|
| 01(Residential) | 2,300 | 2,200 | 2,200 | 2,200 |
| 01(Residential) | 2,300 | 2,200 | 2,200 | 2,200 |
Source: IGRS Telangana market value data (Registration & Stamps Department, registration.telangana.gov.in), rates effective 1 Feb 2022. Last updated on TG Verified: .
Methodology: Every rate for Lakshmi Nagar is copied as-is from the IGRS unit rate (market value) register — land in Rs per sq.yard, apartments in Rs per sq.ft by floor, agricultural land in Rs per acre. We do not estimate, average or adjust values; counts and ranges on this page are computed directly from those records. Confirm the applicable rate with the Sub Registrar Office before registration.
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LAKSHMI NAGAR Market Value — CHEERIYAL, MEDCHAL-MALKAJGIRI
IGRS Market Value in LAKSHMI NAGAR, Cheerial (Keesara), Medchal-Malkajgiri (2026)
As per Telangana IGRS guidance values (2026), the LAKSHMI NAGAR market value in Cheerial village, Keesara mandal, Medchal-Malkajgiri district is classified as 01 (Residential). The notified land guidance rate is Rs 2,300 per sq.yard. For apartments, the guidance value is uniform across floors: Ground floor Rs 2,200/sq.ft, First floor Rs 2,200/sq.ft, and Other floors Rs 2,200/sq.ft.
What this IGRS market value means for buyers and sellers
The LAKSHMI NAGAR market value is the minimum value used by the Registration & Stamps Department to calculate stamp duty and registration charges. If your agreement price is lower than the IGRS value, charges are typically computed on the higher (guidance) value—directly impacting transaction costs and negotiations.
How LAKSHMI NAGAR compares within Cheerial
Within Cheerial, a guidance rate of Rs 2,300/sq.yd positions Lakshmi Nagar as a mid-range, affordable residential pocket rather than a premium micro-market—especially for buyers prioritizing plot-based housing and steady appreciation near the Keesara growth belt.
Registration cost estimate (example)
- Plot size: 100 sq.yard
- Guidance value: 100 × Rs 2,300 = Rs 230,000
- Stamp duty (5.5%): Rs 12,650
- Registration (0.5%): Rs 1,150
- Transfer duty (1.5% municipal areas): Rs 3,450
Practical advice for property buyers
- Use the LAKSHMI NAGAR market value as your baseline for budgeting taxes and fees.
- Verify survey number, layout approvals, and road width before finalizing a plot.
- For flats, compare builder pricing with Rs 2,200/sq.ft guidance and check UDS, parking, and occupancy status.
