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.
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What is the 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.
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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
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: IGRS Telangana: The Process of Stamps and Registration Telangana
How to pay the Latest Guidance Value in Bangalore 2023?
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.
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List of Sub-Registrar Offices in Bangalore (Urban)
| Rajajinagar District | Basavanagudi District | Shivajinagar District | Gandhinagar District | Jayanagar District |
| Rajajinagar | Basavanagudi | Shivajinagar | Gandhinagar | Jayanagar |
| Yashwanthpaura | Chamarajapete | Indiranagar | Malleshwaram | Santhinagar |
| Vijayanagar | Banashankari | Halsuru | Ganganagar | BTM Layout |
| Srirampuram | Anekal | Banasawadi | Hebbal | Kengeri |
| Peenya | Attibele | KR Puram | Kacharakanahalli | Rajarajeshwari Nagar |
| Laggere | Sarjapura | Mahadevapura | Byatarayanapura | JP Nagar |
| Nagarbhavi | Jigani | Bidarahalli | Yelahanka | Bommanahalli |
| Madanayakanahalli | Varthur | Jala | Begur | |
| Dasanapura | Hesaraghatta | Tavarekere |
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.
| AREA | RATES (PER SQ MT) |
| VANI VILAS MARKET TO D. BANUMALAH CIRCLE ON SAYYAJI RAO ROAD | RS 32,000 |
| BANUMALAH CIRCLE TO K.R. CIRCLE | RS 68,200 |
| K.R. CIRCLE TO AYURVEDA HOSPITAL CIRCLE | RS 1.15 LAKH |
| AYURVEDA HOSPITAL TO RMC CIRCLE | RS 49,100 |
| RMC CIRCLE TO HIGHWAY CIRCLE | RS 32,600 |
| KUMBARAKOPPAL MAIN ROAD | RS.1,29,000 |
| KUMBARAKOPPAL CROSSROADS | RS 9,600 |
| KUMBARAKOPPAL INNER CROSSROADS | RS 9,900 |
| KUMBARAKOPPAL COLONY | RS 6,500 |
| KUMBARAKOPPAL SOUTH SIDE | RS 13,000 |
| GOKULAM MAIN ROAD | RS 38,400 |
| GOKULAM CROSS ROAD | RS 19,800 |
| GOKULAM IST & 2ND STAGE | RS 25,000 |
| GOKULAM 3RD STAGE | RS 28,000 |
| GOKULAM 4TH STAGE | RS 20,000 |
| CONTOUR ROAD EWS | RS 19,700 |
| KARNATAKA SLUM DEVELOPMENT BOARD HOUSES | RS 8,600 |
| BOGADI 1ST & 2ND STAGE | RS 28,000 |
| JANATANAGAR | RS 11,800 |
| SRIRAMPURA 1ST STAGE | RS 23,000 |
| SRIRAMPURA 2ND STAGE | RS 24,000 |
| METAGALLI MAIN ROAD | RS 18,300 |
| HALESORU | RS 8,500 |
| AMBEDKAR COLONY | RS 3,500 |
| B.M SRI NAGAR MAIN ROAD | RS 10,100 |
| B.M SRI NAGAR CROSS ROAD | RS 8,300 |
| KARAKUSHALA NAGAR | RS 5,400 |
Sub Registrar Guidance Value in Bangalore
| AREA | RATES (PER SQ MT) |
| VANI VILAS MARKET TO D. BANUMALAH CIRCLE ON SAYYAJI RAO ROAD | RS 32,000 |
| BANUMALAH CIRCLE TO K.R. CIRCLE | RS 68,200 |
| K.R. CIRCLE TO AYURVEDA HOSPITAL CIRCLE | RS 1.15 LAKH |
| AYURVEDA HOSPITAL TO RMC CIRCLE | RS 49,100 |
| RMC CIRCLE TO HIGHWAY CIRCLE | RS 32,600 |
| KUMBARAKOPPAL MAIN ROAD | RS.1,29,000 |
| KUMBARAKOPPAL CROSSROADS | RS 9,600 |
| KUMBARAKOPPAL INNER CROSSROADS | RS 9,900 |
| KUMBARAKOPPAL COLONY | RS 6,500 |
| KUMBARAKOPPAL SOUTH SIDE | RS 13,000 |
| GOKULAM MAIN ROAD | RS 38,400 |
| GOKULAM CROSS ROAD | RS 19,800 |
| GOKULAM IST & 2ND STAGE | RS 25,000 |
| GOKULAM 3RD STAGE | RS 28,000 |
| GOKULAM 4TH STAGE | RS 20,000 |
| CONTOUR ROAD EWS | RS 19,700 |
| KARNATAKA SLUM DEVELOPMENT BOARD HOUSES | RS 8,600 |
| BOGADI 1ST & 2ND STAGE | RS 28,000 |
| JANATANAGAR | RS 11,800 |
| SRIRAMPURA 1ST STAGE | RS 23,000 |
| SRIRAMPURA 2ND STAGE | RS 24,000 |
| METAGALLI MAIN ROAD | RS 18,300 |
| HALESORU | RS 8,500 |
| AMBEDKAR COLONY | RS 3,500 |
| B.M SRI NAGAR MAIN ROAD | RS 10,100 |
| B.M SRI NAGAR CROSS ROAD | RS 8,300 |
| KARAKUSHALANAGAR | RS 5,400 |
New Guidance Value in Bangalore for Agricultural Land (Per acre)
Here is the land guidance value in Bangalore:
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| Agriculture land (Kushki) at Ajjayyanahundi | Rs 51 lakh/acre |
| Thari land at Ajjayyanahundi | Rs 53 lakh/acre |
| House sites at Ajjayyanahundi | Rs 4,750/sq.mt |
| House sites approved by the Development Authority | Rs 10,900/sq.mt |
| Agricultural land (Kushki) at Chowdahalli | Rs 30 lakh/per acre |
| Agricultural land at Ayarahalli | Rs 8.5 lakh/acre |
| Thari land at Ayarahalli | Rs 9 lakh/acre |
| Govt Uthanahalli (MUDA limits) | Rs 32 lakh/acre |
| Inam Uthanahalli | Rs 8 lakh/acre |
| Amchawadi Village in Yelwal Hobli | Rs 3.50 lakh/acre |
| Anandur | Rs 20 lakh/acre |
| Yelwal Hobli MUDA limits, Mysuru-Hunsur Road | Rs 35 lakh/acre |
| Anaganahalli under Mysuru West Office limits | Rs 8 lakh/acre |
| Arasinakere | Rs 5 lakh/acre |
| Udbur (MUDA Limits) | Rs 22 lakh/acre |
| Kadakola | Rs 35 lakh/acre |
Guidance Value in Bangalore in Prime Areas
| CUNNINGHAM ROAD (CHANDRIKAHOTEL TO BALEKUNDRI CIRCLE) | RS 2,78,600 |
| LAVELLE ROAD | RS 2,07,900 |
| M.G.ROAD, BRIGADE ROAD, RESIDENCY ROAD | RS 1,95,500 |
| 12TH MAIN, HAL 2ND STAGE | RS 1,11,800 |
| DEFENSE COLONY, INDIRANAGAR | RS 1,71,800 |
| CMH ROAD, 1ST TO 12TH CROSS | RS 1,43,200 |
| 9TH MAIN, JAYANAGAR | RS 3,87,500 |
| DOLLARS COLONY, RMV 2ND STAGE | RS 1,84,000 |
| SAMPIGE ROAD, MALLESHWARAM | RS 2,05,000 |
| SADASHIVANAGAR (C.V. RAMAN AVENUE TO BHASHYAM CIRCLE) | RS 2,58,200 |
| SANKEY TANK ROAD | RS 2,70,000 |
| DR. RAJKUMAR ROAD | RS 1,61,500 |
| ESI HOSPITAL ROAD, RAJAJINAGAR | RS 1,10,000 |
| NANDIDURGA ROAD | RS 1,75,000 |
| BANNERGHATTA MAIN ROAD (HOSUR ROAD TO DAIRY CIRCLE) | RS 1,53,000 |
| VITTAL MALLYA ROAD | RS 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.
