315

Guidance Value in Bangalore 2024

The state government of Karnataka has recently decided to slash the guidance value of property in Bangalore by 10% starting from Jan 1, 2023. This comes as a major relief for the real estate sector in the city which continues to push back after the pandemic and lockdown’s effects. But do you know Guidance Value in Bangalore is calculated? 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. 

Guidance Value in Bangalore

Things we covered for you

+

What is the Sub-Registrar Guidance Value in Bangalore?

What is the Sub-Registrar Guidance Value in Bangalore
(Sub-Registrar Guidance Value in Bangalore)

Guidance value or guideline value is the minimum amount at which a property transaction can be registered formally. The Guidelines Value in Bangalore is decided by the Department of Stamps and Registrations Even a slight change in the guidance value of a property in Bangalore can have a huge impact on the property price since it directly impacts the value of the property. In other words, the guidance value for flats in Bangalore is also called the Ready Reckoner value of the property. The recent revision by the government means the property prices in Bangalore will be slashed accordingly. 
Read: Circle Rate in Delhi: Meaning, Latest Updates and Calculation 2024


Book Best Packers & Movers with Best Price, Free Cancellation, Dedicated Move Manager

Get Rental Agreement With Doorstep Delivery, Super Quick & Easy

This is third

This is third

This is fourth

This is fourth

This is fifth

This is fifth

This is six

This is six

This is seven

This is seven

This is eight

This is eight



The term ‘Guidance Value’ or ‘Guideline Value’ is used interchangeably and means the same thing. It can also be known as the ready reckoner rate or the circle rate of the property. It is important to pay attention to these rates as it directly affects the property tax value and impacts the price of a property. As already mentioned, the state government’s Department of Stamps and Registrations is responsible for maintaining the guidelines and conventions for seamless collection of the guidance value of a property. 

In a recent conference, Karnataka’s Revenue Minister R Ashoka spoke at length about how the government expects some turnaround from the real estate sector with the move to cut property guidance value in the state for 3 months. “From January 1 to March 31, for all properties that will be bought – dry land, irrigated land, site, building or flat – the guidance value will be reduced by 10%. This gift is valid for three months in all sub-registrar offices,” he said. 

Ashoka also revealed that the decision has been in the making for quite some time now and the long-standing announcement comes after long discussions with the finance department. “This is an offer for those who are pushing time with a General Power of Attorney (GPA) and agreements on properties. Also, it is for those who are planning for property registration. This will be effective from January 1 to March 31,” the Minister revealed. 

The government hopes the cut in guidance value for apartments in Bangalore will encourage home registration even though it may affect the state treasury for a while. “Slashing guidance value may result in some loss to the treasury, but we expect more property registrations,” Ashoka said

Importance of Paying the Guideline Value of a Property in Bangalore 2023

Importance of Paying the Guidance Value of a Property in Bangalore
(Importance of Paying the Guidance Value of a Property in Bangalore 2023)

The government guidance value is an important source of income for the state to maintain its treasuries. Through the means of property registrations and the collection of guidance value, the state government declares the legal ownership details and rights around the property. It is important to pay the property guidance value to have a legal claim on the property. This helps in case a legal dispute is raised around the property. The courts will decide the legal owner based on the documents maintained by the state’s Stamps and Revenue Department. 
Read: The Impact of Right of First Refusal (ROFR) in Real Estate

How to pay the Latest Guidance Value in Bangalore 2023?

 Guidance Value in Bangalore
(Source: Kaveri Online Property Valuation Portal)

For convenience, property registrations can be made through both online and offline platforms these days. In Bangalore, you can pay the guidance value offline at the sub-registrar office. Paying the BBMP guidance value offline can be confusing and a bit hectic, especially during the pandemic when all offices are officiating with regulated manpower. The most convenient method to pay the property guideline value in Bangalore is online through the Kaveri guidance value web portal. Here is a step-by-step guide to help you calculate the guidance value of property in Bangalore 2023.

Guidance Value Calculator Bangalore

  • Visit the KAVERI land valuation web portal
  • You will get two search options on the homepage – Basic Search and Advanced Search
  • Select ‘District’ from the drop-down menu provided on the website
  • Select your Area under the tab for ‘Area Name’
  • Choose from – Property Usage Type, Total Area, and Measurement Unit.
  • Under the Advanced Search mode, you need to furnish extra details like Registration District and SRO Office.

Through these simple steps, prospective buyers can use the Kaveri Guideline value portal to get an idea of the applicable rates have an idea of the applicable rates and calculate the guidance value in Bangalore. Let’s take a look at the prevalent rates of guideline value Bangalore 2023. 
Read: How to Convert Agricultural Land to Residential Land in India? Land-Use Conversion 101

List of Sub-Registrar Offices in Bangalore (Urban)

Rajajinagar DistrictBasavanagudi DistrictShivajinagar DistrictGandhinagar DistrictJayanagar District
RajajinagarBasavanagudiShivajinagarGandhinagarJayanagar
YashwanthpauraChamarajapeteIndiranagarMalleshwaramSanthinagar
VijayanagarBanashankariHalsuruGanganagarBTM Layout
SrirampuramAnekalBanasawadiHebbalKengeri
PeenyaAttibeleKR PuramKacharakanahalliRajarajeshwari Nagar
LaggereSarjapuraMahadevapuraByatarayanapuraJP Nagar
NagarbhaviJiganiBidarahalliYelahankaBommanahalli
MadanayakanahalliVarthurJalaBegur
DasanapuraHesaraghattaTavarekere
(Source: https://igr.karnataka.gov.in/page/Contact+Us/Sub+Registers/en)

List of Sub-Registrar Offices in Bangalore (Rural)

  • Nelamangala
  • Doddaballapura
  • Devanahalli
  • Hoskote

Sub Registrar Guidance Value in Bangalore

Here is the sub-registrar guidance value in Bangalore 2023 for different areas.

AREARATES (PER SQ MT)
VANI VILAS MARKET TO D. BANUMALAH CIRCLE ON SAYYAJI RAO ROADRS 32,000
BANUMALAH CIRCLE TO K.R. CIRCLERS 68,200
K.R. CIRCLE TO AYURVEDA HOSPITAL CIRCLERS 1.15 LAKH
AYURVEDA HOSPITAL TO RMC CIRCLERS 49,100
RMC CIRCLE TO HIGHWAY CIRCLERS 32,600
KUMBARAKOPPAL MAIN ROADRS.1,29,000
KUMBARAKOPPAL CROSSROADSRS 9,600
KUMBARAKOPPAL INNER CROSSROADSRS 9,900
KUMBARAKOPPAL COLONYRS 6,500
KUMBARAKOPPAL SOUTH SIDERS 13,000
GOKULAM MAIN ROADRS 38,400
GOKULAM CROSS ROADRS 19,800
GOKULAM IST & 2ND STAGERS 25,000
GOKULAM 3RD STAGERS 28,000
GOKULAM 4TH STAGERS 20,000
CONTOUR ROAD EWSRS 19,700
KARNATAKA SLUM DEVELOPMENT BOARD HOUSESRS 8,600
BOGADI 1ST & 2ND STAGERS 28,000
JANATANAGARRS 11,800
SRIRAMPURA 1ST STAGERS 23,000
SRIRAMPURA 2ND STAGERS 24,000
METAGALLI MAIN ROADRS 18,300
HALESORURS 8,500
AMBEDKAR COLONYRS 3,500
B.M SRI NAGAR MAIN ROADRS 10,100
B.M SRI NAGAR CROSS ROADRS 8,300
KARAKUSHALA NAGARRS 5,400

Sub Registrar Guidance Value in Bangalore

AREARATES (PER SQ MT)
VANI VILAS MARKET TO D. BANUMALAH CIRCLE ON SAYYAJI RAO ROADRS 32,000
BANUMALAH CIRCLE TO K.R. CIRCLERS 68,200
K.R. CIRCLE TO AYURVEDA HOSPITAL CIRCLERS 1.15 LAKH
AYURVEDA HOSPITAL TO RMC CIRCLERS 49,100
RMC CIRCLE TO HIGHWAY CIRCLERS 32,600
KUMBARAKOPPAL MAIN ROADRS.1,29,000
KUMBARAKOPPAL CROSSROADSRS 9,600
KUMBARAKOPPAL INNER CROSSROADSRS 9,900
KUMBARAKOPPAL COLONYRS 6,500
KUMBARAKOPPAL SOUTH SIDERS 13,000
GOKULAM MAIN ROADRS 38,400
GOKULAM CROSS ROADRS 19,800
GOKULAM IST & 2ND STAGERS 25,000
GOKULAM 3RD STAGERS 28,000
GOKULAM 4TH STAGERS 20,000
CONTOUR ROAD EWSRS 19,700
KARNATAKA SLUM DEVELOPMENT BOARD HOUSESRS 8,600
BOGADI 1ST & 2ND STAGERS 28,000
JANATANAGARRS 11,800
SRIRAMPURA 1ST STAGERS 23,000
SRIRAMPURA 2ND STAGERS 24,000
METAGALLI MAIN ROADRS 18,300
HALESORURS 8,500
AMBEDKAR COLONYRS 3,500
B.M SRI NAGAR MAIN ROADRS 10,100
B.M SRI NAGAR CROSS ROADRS 8,300
KARAKUSHALANAGARRS 5,400

New Guidance Value in Bangalore for Agricultural Land (Per acre)

Here is the land guidance value in Bangalore: 
Read: Complete Guide to VVMC Property Tax

Agriculture land (Kushki) at AjjayyanahundiRs 51 lakh/acre
Thari land at AjjayyanahundiRs 53 lakh/acre
House sites at AjjayyanahundiRs 4,750/sq.mt
House sites approved by the Development AuthorityRs 10,900/sq.mt
Agricultural land (Kushki) at ChowdahalliRs 30 lakh/per acre
Agricultural land at AyarahalliRs 8.5 lakh/acre
Thari land at AyarahalliRs 9 lakh/acre
Govt Uthanahalli (MUDA limits)Rs 32 lakh/acre
Inam UthanahalliRs 8 lakh/acre
Amchawadi Village in Yelwal HobliRs 3.50 lakh/acre
AnandurRs 20 lakh/acre
Yelwal Hobli MUDA limits, Mysuru-Hunsur RoadRs 35 lakh/acre
Anaganahalli under Mysuru West Office limitsRs 8 lakh/acre
ArasinakereRs 5 lakh/acre
Udbur (MUDA Limits)Rs 22 lakh/acre
KadakolaRs 35 lakh/acre

Guidance Value in Bangalore in Prime Areas

CUNNINGHAM ROAD (CHANDRIKAHOTEL TO BALEKUNDRI CIRCLE)RS 2,78,600
LAVELLE ROADRS 2,07,900
M.G.ROAD, BRIGADE ROAD, RESIDENCY ROADRS 1,95,500
12TH MAIN, HAL 2ND STAGERS 1,11,800
DEFENSE COLONY, INDIRANAGARRS 1,71,800
CMH ROAD, 1ST TO 12TH CROSSRS 1,43,200
9TH MAIN, JAYANAGARRS 3,87,500
DOLLARS COLONY, RMV 2ND STAGERS 1,84,000
SAMPIGE ROAD, MALLESHWARAMRS 2,05,000
SADASHIVANAGAR (C.V. RAMAN AVENUE TO BHASHYAM CIRCLE)RS 2,58,200
SANKEY TANK ROADRS 2,70,000
DR. RAJKUMAR ROADRS 1,61,500
ESI HOSPITAL ROAD, RAJAJINAGARRS 1,10,000
NANDIDURGA ROADRS 1,75,000
BANNERGHATTA MAIN ROAD (HOSUR ROAD TO DAIRY CIRCLE)RS 1,53,000
VITTAL MALLYA ROADRS 2,08,900

These are the rates of guidance value for property registration in Bangalore. The 10% cut in Guidance Value in Bangalore is aimed to boost the real estate sector and the revised rates will be applicable all over Karnataka. Paying the guidance value of a property in Bangalore is very important as it will help you avoid legal feuds around the property. As a responsible homeowner or buyer, you should be aware of the guidelines set by the government for Guidance value calculation and property tax collection. There is no room for any mistakes in these complicated legal matters and it’s always advisable to bank on the expertise of professional lawyers and consultants to help you with the formalities and paperwork. If you need help with guidance value in Bangalore, property registration, encumbrance certificate, loan assistance, etc. reach out to the legal experts at NoBroker. Get all your real estate queries resolved without any complications. Drop a comment about your requirement and our executive will be in touch with you shortly. 

Frequently Asked Questions

Q1. What is the guidance value for a property in Bangalore?

Ans. The guidance value of a property is the minimum amount at which the property registration should take place. This cut-off amount is determined by the state’s Department of Stamps and Revenues. 

Q2. Why is it important to pay the Guidance Value for a property?

Ans. The guidance value of a property is an indication of the property tax associated with it. Paying the property registration charges means the prospective buyer is now registered as the legal owner of the property. This is important as it avoids real estate feuds and disputes around the property. 

Q3. Which commercial area has the highest guidance value in Bangalore?

Ans. Cunningham road has the highest guidance value in Bangalore. The guidance value for property registration in Bangalore’s Cunningham Road is RS 2,78,600.

Q4. What is the time period for which Bangalore’s state government has slashed guidance value by 10%?

Ans. The state government has slashed the guidance value in Bangalore for 3 months starting from Jan 1, 2023 to Mar 31, 2023

Q5. Why is the guidance value different for similar properties located in a different area of a city?

Ans. The guidance value of a property in Bangalore is dependent on a lot of factors including the number of floors, area, locality, amenities etc. That is the primary reason why guidance value in Bangalore differs from location to location. 

Q6. How to find the guidance value of a property in Bangalore?

Ans. To find the guidance value of a property in Bangalore, visit the official web portal of the Department of Stamps and Revenue. Fill in the required details and get details about the guidance value in Bangalore. 

Contact Us


Subscribe

Kruthi

Kruthi is a Chartered Accountant has worked for various Real Estate firms across India, she is well versed with the legal and financial aspects of all real estate transactions. There are numerous documents and plenty of hidden fees that people get lost in, her goal is to shed some light on it all.

Leave a Reply

Your email address will not be published. Required fields are marked *

People Also Ask