Market Value of OPEN PLOTS, NARSINGI, RANGAREDDY

IGRS Market Value of OPEN PLOTS in Narsingi (Gandipet), Ranga Reddy – 2026

As of 2026, the Telangana IGRS market value for OPEN PLOTS in Narsingi village, Gandipet mandal, Rangareddy district (Classification: 01 (Residential)) is Rs 13,500 per sq.yard. This OPEN PLOTS market value is the government-notified benchmark used to calculate stamp duty and registration charges. For buyers, it sets the minimum value on which registration fees are assessed; for sellers, it influences the documented consideration and can affect negotiation and loan eligibility.

How Narsingi’s rate stacks up locally

Within Narsingi, Rs 13,500/sq.yd signals a premium residential micro-market rather than a budget one—typically reflecting stronger demand, better connectivity, and higher transaction benchmarks. For reference, IGRS apartment guidance values in the same locality are uniform at Rs 2,200/sq.ft for ground, first, and other floors, indicating steady end-user pricing across building levels.

Registration cost example (municipal area)

Example: 100 sq.yard plot × Rs 13,500/sq.yd = Rs 13,50,000 market value.

• Stamp duty (5.5%): Rs 74,250
• Registration fee (0.5%): Rs 6,750
• Transfer duty (1.5%): Rs 20,250

This OPEN PLOTS market value directly drives these statutory costs.

Practical advice for plot buyers

• Verify the IGRS classification (01 Residential) matches the site’s approved land use.
• Check layout approvals, road width, and encumbrance details before token payment.
• Budget beyond the OPEN PLOTS market value: include statutory charges, legal due diligence, and development costs.