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THE TELANGANA BHU BHARATI ACT, 2025 – A MILESTONE FOR BANKERS AND PROPERTY VALUERS

THE TELANGANA BHU BHARATI ACT, 2025 – A MILESTONE FOR BANKERS AND PROPERTY VALUERS

Er. P. V. Rajesh (Bureau Chief)

Hyderabad (Techno Journalist) 10/01/2025 – The Telangana Bhu Bharati (Record of Rights in Land) Act, 2025, introduced by the Telangana Legislature, marks a significant advancement in land record management. By consolidating and digitizing land records, the Act aims to enhance transparency, reduce disputes, and streamline property transactions. For bankers and property valuers, it holds special importance due to its potential to simplify land valuation and loan processes, strengthen legal frameworks, and minimize risks associated with land-based transactions.

KEY FEATURES OF THE TELANGANA BHU BHARATI ACT

  1. Record of Rights (RoR) System:
    The Act mandates a centralized Record of Rights (RoR) system for all land parcels in Telangana. These records, accessible through a digital portal, include ownership, usage, and other relevant details.
  2. Bhudhaar Numbers:
    Every parcel of land is assigned a unique Bhudhaar number, serving as a permanent identifier for traceability and verification.
  3. Pattadar Pass Book-cum-Title Deeds:
    Landowners receive legal documents that combine ownership titles and transaction records, simplifying property dealings and financial transactions.
  4. Integration with Financial Systems:
    The Act facilitates the use of land as collateral for loans, streamlining loan-related processes and recovery mechanisms.
  5. Digitization and Transparency:
    The shift to digital records reduces errors, prevents fraud, and creates a reliable database for stakeholders, including banks and property valuers.

IMPORTANCE TO BANKERS

  1. Simplified Loan Approval and Collateral Verification
    The RoR portal enables bankers to verify land ownership and encumbrances efficiently, ensuring:

    • Accurate Ownership Validation: Bhudhaar-linked records and Title Deeds provide clear proof of ownership.
    • Faster Loan Processing: Digitized records reduce the time needed for verification and property checks.
  2. Enhanced Loan Recovery Mechanisms
    Loan-related transactions are integrated with the RoR system, allowing electronic recording of mortgages and charges.
  3. Legal and Procedural Clarity
    Standardized documentation ensures that collateral is legally valid and enforceable, aligning with laws such as the SARFAESI Act, 2002, to simplify asset repossession and liquidation.

SIGNIFICANCE FOR PROPERTY VALUERS

  1. Access to Reliable Data for Accurate Valuation
    The RoR and Bhudhaar systems provide:

    • Ownership Details: Up-to-date records to minimize valuation discrepancies.
    • Land Classification: Information on land usage, aiding in accurate market value assessments.
  2. Streamlined Processes
    Valuers can access geo-referenced maps and critical data through the RoR portal, reducing the need for extensive field visits and manual verification.
  3. Transparency in Dispute Resolution
    A clear legal framework allows valuers to present evidence-backed valuations during disputes, ensuring fairness and compliance.
  4. Support for Financial Transactions
    By providing precise valuations, property valuers assist banks in loan approvals, collateral assessment, and asset liquidation.

ADVANTAGES FOR BANKERS AND VALUERS

  1. Transparency: The Act reduces ambiguities and discrepancies in land records.
  2. Efficiency: Digital systems minimize administrative tasks, enabling quicker valuations and loan processing.
  3. Legal Certainty: Integration of land records with financial systems reduces legal risks.

KEY TAKEAWAYS

The Telangana Bhu Bharati Act, 2025, represents a landmark in land governance. By fostering digitization, transparency, and legal clarity, the Act is set to benefit stakeholders across the financial.

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