Telangana's Financial Recovery: Arvind Subramanian to Submit Revenue Enhancement Plan on May 7

Hyderabad: Former chief economic adviser Arvind Subramanian will submit a report to Chief Minister A. Revanth Reddy on May 7, recommending measures to strengthen the state's financial condition by enhancing revenue generation from key earning departments, official sources said.

The state government is expected to take a decision on revising the market value of land based on Arvind's recommendations, sources added. The Cabinet sub-committee on revenue mobilisation, led by Deputy Chief Minister Mallu Bhatti Vikramarka, had during its meeting on April 24 directed the stamps and registration department to implement revised land market values from the first week of May. However, officials indicated that such a revision is unlikely within the stipulated timeline as the first week of May is set to end in three days.

Sources said the Chief Minister decided to keep the revision on hold until Subramanian submitted his report and its findings are discussed in the Cabinet meeting. The government is now expected to implement the revised land values either in the last week of May or the first week of June after thoroughly studying the recommendations.

Earlier, Subramanian had met the Chief Minister in Hyderabad on March 16 to deliberate on strategies for strengthening the state’s finances. The discussions focused on fiscal management, reforms in the power sector, improvements in stamps and registrations, and GST revenue estimations. The Chief Minister had requested a comprehensive report suggesting ways to enhance revenue from key departments, particularly the stamps and registrations wing, including studying trends in other states and recommending suitable measures for Telangana.

Meanwhile, the stamps and registration department is planning to increase land values in a phased manner — reportedly in three stages of 20 per cent each — to avoid burdening citizens at once. The last revision of market values was carried out in 2021 during the previous BRS regime.

The department has begun the financial year 2026–27 on a strong note, recording its highest-ever April revenue of ₹1,399 crore — an unprecedented figure in the past decade. This surpasses the previous April record of ₹1,342 crore registered in 2022–23. Officials attributed the surge to increased registrations and mutations of agricultural lands and real estate transactions.

Revenue collections had declined in recent years due to successive elections and fluctuations in domestic and international markets impacting the real estate sector. However, the current fiscal 2026-27 has opened on a high note, with property sales showing improvement.

In April 2025, the department recorded revenues of ₹1,115 crore, which grew in April 2026 to ₹1,399 crore, an increase of ₹284.43 crore. The growth was driven by a rise in property registrations in Hyderabad, Rangareddy, Medchal-Malkajgiri, and Yadadri-Bhuvanagiri districts.

This year, about 1.3 lakh documents were registered, compared to 1.45 lakh in April last year. Although the number of registered documents decreased in April 2026 when compared with April 2025, the revenues have increased.