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  1. dwello.in › news › guidance-value-bengaluru-2024Guidance Value Bengaluru 2024: Rates, Calculation, Property ...

    Apr 19, 2024 · 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.

    • Sohini Ghosh
    • 022 6122 9411
    • Borivali East, Mumbai, 400066, Maharashtra
    • How will Karnataka tax hike affect property tax?1
    • How will Karnataka tax hike affect property tax?2
    • How will Karnataka tax hike affect property tax?3
    • How will Karnataka tax hike affect property tax?4
    • How will Karnataka tax hike affect property tax?5

  2. timesproperty.com › news › postBengaluru Property Tax Hike: Predicting the Impact on Rents ...

    Feb 28, 2024 · The BBMP acknowledges that some property owners may face an increase in their tax bills due to the new system. However, they emphasise that a test run indicated an overall property tax increase of no more than 5%, and the official hike has been limited to 20%.

  3. 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”.

  4. 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.

  5. www.moneycontrol.com › news › businessBengaluru to see major hike in property tax, double taxation ...

    Feb 27, 2024 · According to the new draft notification, the property tax will be collected based on the guidance value or circle rates in the areas. Bengaluru is set to see a sharp rise in property tax...

  6. www.magicbricks.com › news › karnataka-15-percentKarnataka: 15 Percent Increase in Property Guidance Value to ...

    May 27, 2023 · Karnataka: 15 Percent Increase in Property Guidance Value to Boost Revenues. Published: May 27, 2023, 13:49 IST By: Ekta Dewan. Print. Due to the impact of Covid-19, the guidance value has remained unchanged since 2019, even though it is expected to be revised upward by 15% annually.

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  8. www.thehindu.com › news › nationalNotice to Karnataka government on law on hiking property tax ...

    Oct 5, 2021 · The High Court of Karnataka on Monday ordered issue of notice to the State government on a PIL petition questioning the legality of amendments made to the law empowering the municipalities and ...