Answers ( 2 )

  1. Property valuation is important to ascertain the value of your property in current times. Let’s say you are planning to sell your property, how would you know the actual value your property holds in the eyes of Government authorities? Well you can know the govt valuation of land by ascertaining the guidance value or circle rates in your area. I will take up an example to help you understand all of it simply. Read through carefully.

    How to calculate government valuation of property?

    I will share the example from my own state Karnataka with you to understand govt valuation of land. Here you go:

    1. Go to Kaveri Online Services official website given below:

    https://kaverionline.karnataka.gov.in/

    2. If you will scroll down, you will see an option saying ‘know your property valuation’ just click on it

    3. Here you can do a basic search and an advanced search. I personally would recommend you to go for the second option.

    4. Enter details such as districts, registration district, SRO Office, Area Name, property usage type, total area and measurement unit.

    5. Hit ‘Display Valuation’

    6. The guidance value or government valuation of your property will display on your screen.

    This is how to know govt valuation of land.

    You can find the land valuation of your state on the land revenue website of the respective state.

    Read more:

    What is guidance value of property

    How is property value assessed to include land and built up area


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    Best answer
  2. My uncle bought a 2bhk house at a high cost and everything seemed normal to him then. However when my father visited his house, he asked for its price and was totally shocked. He was sure that such a property should not have been bought at the rate my uncle mentioned so asked some neighbours about what is the cost of 1acre land in that area, and after much discussion with several people, it was seen that my uncle was actually somewhat scammed. He had given Rs 58 Lacs for that house which actually should have been within Rs 48 Lacs. He also had not done govt valuation of land which was indeed a great mistake on his behalf.

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    Government property valuation factors

    There are several factors which should be focused upon before buying a property like

    • Obtain Government reckoner rate
    • Calculate the built-up area
    • Know about the floor of the property
    • Age of property
    • Parking area, Terrace area, Garden area and more is to be calculated

    Considering these factors, the govt value of property is recognised. 

    Land Government value

    I would say that the best way to know land value is to ask neighbours. You can anytime visit the state’s official land valuation website and know but knowing it from several people is far better as we did. However do remember that not all plots are going to have the same rate. For example if your land is near the main road, has facilities near it, then the price is going to be higher than a plot which is far from the main road or lacks facilities, it is bound to cost less.

    Read More:

    How To Become A Property Valuer In India?

    How To Find Out Assessed Value Of Property?

    Government Guidance Value Of Property


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