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      • The increase in the guidance value of properties in Karnataka can have a significant impact on property taxes. In Karnataka, stamp duty is calculated at 5% of the guidance value, which means that any change in the guidance value will directly affect the stamp duty payable for a property transaction.

      Guidance Value Bengaluru 2024: Rates, Calculation, Property ...

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  3. www.balakrishnaandco.com › news-and-articles › 33Impact of Increased Guidance Value on Real Estate ...

    Oct 6, 2023 · Effective from 1 st October, 2023 the Guidance Value of properties in Karnataka is increased by 10% to 30%. But what is Guidance Value (GV) and how does it affect property transactions? It is the minimum price at which a property is to be registered at the sub-registrar’s office in Karnataka.

  4. blog.openplot.com › property-tax › guidance-valueGuidance Value Bangalore: Property Tax Impact in 2024

    Mar 7, 2024 · Introduction. Under the new system in Karnataka, rental properties will have to pay double the tax paid by self-occupied residential properties. However, the tariff for various categories of commercial buildings has increased by three to five times. Let’s find out why! Tables of Contents. Guidance Value in Bangalore.

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  6. www.bhume.in › blog › what-is-guidance-valueGuidance value Bangalore 2024: Revised rates, property tax ...

    Sep 12, 2024 · The stamps and registration department revises the guidance value in Bangalore periodically to keep it as close as possible to the market value of properties, thereby avoiding instances of black money and cash transactions that can affect revenue.

  7. www.bigproperty.in › blog › bangalores-guidanceBangalore’s Guidance Value 2024: Calculations, Property ...

    Jan 3, 2024 · The procedures to compute the Guidance Value in Karnataka are shown below – Visit the KAVERI website or search for ‘Know Your Property Valuation’. Select the district, taluka, area name, and village from the drop-down menu.

  8. citizenmatters.in › revised-property-bengaluruExplainer: How is your revised property tax being computed in ...

    Mar 1, 2024 · Revision of property tax. The basis for the new structure – “Under section 144 of CHAPTER XIII TAXES of BBMP Act 2020 – guidance value of property under section 45B of the Karnataka Stamp Act 1957 (Karnataka Act 34 of 1957) shall form the base for payment of tax applicable during each block year”.

  9. housing.com › news › what-is-guidance-valueGuidance Value Karnataka 2024 - Housing.com

    Sep 20, 2024 · Table of Contents. What is composite value? It is the value that is assigned to built properties, including land. What is the impact of guidance value Bangalore 2024 on properties? The Kaveri guidance value is the minimum amount fixed in Karnataka below which a property cannot be sold in a particular location.