Residential/Grama Panchayathi Bazar Market Value
Residential/Grama Panchayathi Bazar Market Value — Kandibanda, Mellacheruvu Mandal, Suryapet
The IGRS Telangana market value of Residential/Grama Panchayathi Bazar in Kandibanda, Mellacheruvu mandal, Suryapet District is Rs 700 per sq.yard for land. Apartment rates: Ground floor Rs 1,300/sq.ft, First floor Rs 1,300/sq.ft, Other floors Rs 1,300/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/Grama Panchayathi Bazar 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/GRAMA PANCHAYATHI BAZAR Market Value — KANDIBANDA, SURYAPET
IGRS Market Value in RESIDENTIAL/GRAMA PANCHAYATHI BAZAR, Kandibanda (Mellacheruvu, Suryapet) – 2026
As of 2026, the RESIDENTIAL/GRAMA PANCHAYATHI BAZAR market value in Kandibanda village, Mellacheruvu mandal, Suryapet district is set under IGRS classification 01 (Residential). The notified land rate is Rs 700 per sq.yard. For apartments, the IGRS rates are uniform across floors: Ground floor Rs 1,300/sq.ft, First floor Rs 1,300/sq.ft, and Other floors Rs 1,300/sq.ft. These values are 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 it premium or affordable within Kandibanda?
Within Kandibanda, a bazar-tagged residential pocket at Rs 700/sq.yd is typically considered affordable-to-mid range for village residential transactions, especially when compared to higher-rate corridor-facing or faster-developing layouts. The stable apartment rate of Rs 1,300/sq.ft also indicates a practical, budget-aligned market.
Registration cost estimate (example)
For a 100 sq.yard plot: value = 100 × 700 = Rs 70,000. Charges:
- Stamp duty (5.5%): Rs 3,850
- Registration (0.5%): Rs 350
- Transfer duty (1.5% in municipal areas): Rs 1,050
Buyer advice for RESIDENTIAL/GRAMA PANCHAYATHI BAZAR
- Use the RESIDENTIAL/GRAMA PANCHAYATHI BAZAR market value as the baseline, but verify actual deal rates on comparable nearby sales.
- Confirm land classification 01 (Residential), boundaries, and encumbrance status before paying advances.
- For flats, match built-up area calculations to the Rs 1,300/sq.ft IGRS benchmark to estimate duties accurately.
