Residential-2 Market Value — Neknampur, Gandipet Mandal, Rangareddy
The IGRS Telangana market value of Residential-2 in Neknampur, Gandipet mandal, Rangareddy District is Rs 13,500 per sq.yard for land. Apartment rates: Ground floor Rs 7,300/sq.ft, First floor Rs 6,600/sq.ft, Other floors Rs 6,600/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 Residential-2 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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RESIDENTIAL-2 Market Value — NEKNAMPUR, RANGAREDDY
IGRS RESIDENTIAL-2 market value in Neknampur, Gandipet (Rangareddy) – 2026
As of 2026, the RESIDENTIAL-2 market value shown on Telangana IGRS for Neknampur village, Gandipet mandal, Rangareddy district indicates the government-notified benchmark used to calculate registration charges and guide fair-value expectations. In this pocket, the IGRS land rate is Rs 13,500 per sq.yard. For apartments, notified values are Rs 7,300/sq.ft (Ground floor), Rs 6,600/sq.ft (First floor), and Rs 6,600/sq.ft (Other floors). The IGRS classification is listed as 02 (Commercial), which buyers should note while verifying the exact schedule entry and usage permissions.
What it means for buyers and sellers
The RESIDENTIAL-2 market value is not the negotiated sale price, but it heavily impacts your outflow because stamp duty and registration are computed on the higher of the declared price or IGRS value. Sellers also use it as a reference floor during negotiations.
Is RESIDENTIAL-2 premium within Neknampur?
Within Neknampur, Rs 13,500/sq.yd signals a premium-leaning benchmark rather than an “entry-level” locality rate, especially when paired with apartment guidance of Rs 6,600–7,300/sq.ft.
Registration cost estimate (example)
- Plot size: 100 sq.yard
- IGRS value: 100 × 13,500 = Rs 13,50,000
- Stamp duty (5.5%): Rs 74,250
- Registration (0.5%): Rs 6,750
- Transfer duty (1.5% in municipal areas): Rs 20,250
Buyer advice for RESIDENTIAL-2
- Check the latest IGRS schedule entry and ensure the RESIDENTIAL-2 market value matches your survey number and road/colony description.
- For apartments, validate floor-wise valuation (ground floor is higher at Rs 7,300/sq.ft).
- Confirm land use/zoning alignment given the 02 (Commercial) classification before committing.
