Shobha Nagar Market Value — Cheeriyal, Keesara Mandal, Medchal-Malkajgiri
The IGRS Telangana market value of Shobha 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.
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 Shobha 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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SHOBHA NAGAR Market Value — CHEERIYAL, MEDCHAL-MALKAJGIRI
IGRS Market Value of SHOBHA NAGAR, Cheeriyal (Keesara), Medchal-Malkajgiri – 2026
As per Telangana IGRS guidance values (2026), the SHOBHA NAGAR market value in CHEERIYAL village, KEESARA mandal, MEDCHAL-MALKAJGIRI district is classified as 01 (Residential). The notified land rate is Rs 2,300 per sq.yard. For apartments, the guidance rate is uniform across levels: Ground floor Rs 2,200/sq.ft, First floor Rs 2,200/sq.ft, and Other floors Rs 2,200/sq.ft.
What the IGRS market value means for buyers and sellers
IGRS market value is the government’s guidance value used to calculate registration charges. Transactions registered below this value may trigger higher duty calculations or scrutiny. For sellers, the SHOBHA NAGAR market value sets a baseline for documentation; for buyers, it helps estimate total acquisition cost beyond the sale price.
Is SHOBHA NAGAR premium or affordable within Cheeriyal?
Within Cheeriyal, a land guidance of Rs 2,300/sq.yd positions SHOBHA NAGAR as an affordable-to-mid segment residential pocket rather than a high-premium micro-market, especially given the flat apartment guidance of Rs 2,200/sq.ft across floors.
Registration cost estimate (example)
For a 100 sq.yard plot at Rs 2,300/sq.yd: Total value = Rs 230,000. Stamp duty @ 5.5% = Rs 12,650; Registration fee @ 0.5% = Rs 1,150. In municipal areas, Transfer duty @ 1.5% would be Rs 3,450.
Buyer tips for SHOBHA NAGAR
- Match documents to guidance: Ensure the sale deed reflects at least the SHOBHA NAGAR market value (land/apartment as applicable).
- Verify classification: Confirm it is recorded as 01 (Residential) for correct duty calculation.
- Budget end-to-end: Add stamp duty, registration, and (if applicable) municipal transfer duty to your purchase plan.
