Market Value of NAGAR-1, NAGAR, NIRMAL

IGRS Market Value in NAGAR-1, NAGAR Village (Lokeshwaram, Nirmal) – 2026

As of 2026, the NAGAR-1 market value listed on Telangana IGRS for Classification 01 (Residential) in NAGAR village, Lokeshwaram mandal, Nirmal district is Rs 500 per sq.yard for land. For apartments, the notified rate is uniform at Rs 1,300 per sq.ft for Ground floor, First floor, and Other floors. These IGRS market values are the benchmark used by the registration department to calculate minimum property value for stamp duty and registration, helping buyers and sellers avoid undervaluation issues during document registration.

Is NAGAR-1 Premium or Affordable Within NAGAR?

With land at Rs 500/sq.yd and apartments at Rs 1,300/sq.ft, the NAGAR-1 market value positions it as an affordable residential pocket within NAGAR, especially for buyers prioritizing entry-level plots or budget apartments. Since the apartment rate is the same across floors, pricing is driven more by building quality, road access, and approvals than by floor premium.

Registration Cost Estimate (Example Calculation)

• Plot size: 100 sq.yards
• IGRS value: 100 × Rs 500 = Rs 50,000
• Stamp duty (5.5%): Rs 2,750
• Registration fee (0.5%): Rs 250
• Transfer duty (1.5% in municipal areas): Rs 750
• Total of above charges: Rs 3,750

Buyer Advice for NAGAR-1

• Use the NAGAR-1 market value as the minimum baseline; negotiate based on road frontage, plot shape, and clear title.
• For apartments at Rs 1,300/sq.ft, verify building permissions, UDS/parking allocation, and occupancy status.
• Budget registration costs upfront and confirm whether the property falls under municipal limits for transfer duty applicability.