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      • The state government of Karnataka implemented revised guidance values in Bengaluru, effective from October 1, 2023. The updated values reflect an average increase of 25-30% compared to the previous guidance values, with variations depending on specific areas. In certain densely populated IT corridors, the increase may even reach up to 50%.
      timesproperty.com/article/post/latest-guidance-value-in-bengaluru-2023-blid5779
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  2. Oct 7, 2023 · Effective from 1st October 2023, new guidance values are applicable for Bangalore property registration. Download the latest guidance value in Bangalore 2023. What Is The Meaning Of Guidance Value? Guidance value is nothing but the price of the property as per local Government.

    • What Is Guidance Value in Bangalore?
    • Guidance Value in Bangalore
    • How to Calculate The Guidance Value in Bangalore?
    • List of Sub-Registrar Offices in Bangalore
    • Guidance Value in Bangalore: Latest Update
    • What Is The Process to Apply For A Stamp Duty Refund in Bangalore?

    Guidance Value is the minimum value that a homebuyer has to pay for a property. However, there is no limit to the maximum property price (market rate) at which a property is sold. The market rate is the final price that a homebuyer pays for a property, including amenities and other infrastructure. Evidently, market rate of a property is higher than...

    For instance, if the market price of a property in a particular area is Rs 10,000 per sq ft and the Guidance Value is fixed at Rs 7,000 per sq ft by the Revenue Department, then the homebuyer has the option to register the property at a rate anywhere between Rs 7,000 per sq ft and Rs 10,000 per sq ft. But, in case a property carries the market rate...

    The Stamps and Registration department has launched an online platform, KAVERI for guidance value computation in Bangalore in 2022. Given below are the steps to calculate the Guidance Value in Karnataka – 1. Go to the KAVERI website or search for 'Know Your Property Valuation' 1. Select district, taluka, area name and village from the drop-down men...

    Nelamangala
    Doddaballapura
    Devanahalli
    Nelamangala

    Following the hike in guidance value by the state government in October, the Bangalore Development Authority (BDA) might increase prices of its housing units. As per the BDA officials, the proposal to raise prices of flats by about 10 percent is slated for discussion. It will be taken up in the upcoming BDA meeting, expected in the first or second ...

    As the stamp duty value varies from State to State, the process to apply for a refund of stamp duty also differs accordingly. The person buying a property can get a refund of 98 percent of the stamp duty in case of the cancellation of the sale deed. However, an application for a refund in stamp duty is to be deposited by the buyer. To start the pro...

    • Sr. Research Analyst
    • 10 min
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  4. Apr 25, 2024 · Let’s take a look at the conventions and guidelines for determining the sub-registrar guideline value in Bangalore 2023 and find out how can an individual calculate the property guideline value in Bangalore.

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  5. Sep 12, 2024 · Guidance value is the minimum value that a specific area commands and is fixed by the state government. In Bangalore, this is also known as the circle rate or ready reckoner rate in other parts of the country.

  6. Apr 19, 2024 · Guidance Value, also known as the Ready Reckoner (RR) rate or Circle rate in other states, is the minimum value that a homebuyer has to pay for a property in Karnataka. It is regulated by the Department of Stamps and Registration and is derived on both land parcels and constructed properties.

  7. Oct 5, 2023 · The state government of Karnataka implemented revised guidance values in Bengaluru, effective from October 1, 2023. The updated values reflect an average increase of 25-30% compared to the previous guidance values, with variations depending on specific areas. In certain densely populated IT corridors, the increase may even reach up to 50%.