How to Find Guidance Value of Property in Bangalore?

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How to Find Guidance Value of Property in Bangalore?

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April 1, 2021

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Shreya Singhal · Answer 1 · 2021-04-01T15:10:19+00:00

The guidance value of a property is basically the minimum value below which a property cannot be registered with the Land Revenue Authority of the state, in this case, Karnataka. Based on the market price, property demand and supply, real estate market conditions, the guidance value of property in Bangalore can be checked on the official website provided by the Government of Karnataka. Here is a step by step guide to help you understand how to check the land guidance value in Bangalore.

Go to Kaveri Online Services official website at https://kaverionline.karnataka.gov.in/
Scroll down and click on ‘know your property valuation’ option
You will find two options, basic search and advanced search. Go for the second option.
Now enter districts, registration district, SRO Office, Area Name, property usage type, total area and measurement unit.
Click on ‘Display Valuation’
You will find the guidance value as per the details mentioned by you.

Interestingly, what is known as the guidance value of property in Bangalore is called Ready Reckoner Rate or Circle Rate in states like Maharashtra, Delhi, Haryana, etc. The registration charges are determined based on the guidance value of the property. I will explain this with a simple example. Suppose you want to buy a property which has a market value of Rs. 7800 per sq ft and the guidance value in that area is Rs. 6200 per sq ft., then you can register your property at a rate between Rs. 6200 and Rs. 7800 per sq ft. However, if your property is priced at a market value of Rs. 6200 per sq ft, and the guidance value of the area is Rs. 7800 per sq ft. then you will have to pay the registration charges at the rate of Rs. 7800 per sq ft. Hope this clarifies your doubts about the guidance value of property in Bangalore.

shrishti · Answer 2 · 2022-04-28T20:28:46+00:00

Hey friend, In my opinion, Bangalore is one of the best places to live in India. The weather is pleasant all year round and the infrastructure is fast developing. It is also known as the IT hub of India. As I am looking to buy a property here, I conducted research on property valuation in Bangalore. I found out there are several factors that impact the price of the property there. Take a look at the list below. 1. Built-up Area – Depending on how big or small the property is. The price of the area is calculated in the built-up area. It is measured in square feet. To know the built-up area use the following formulae : ‘Built-up Area = Carpet Area x 1.2’

Floor -

The floor on which your property is located changes the price of the property. Usually, properties on the top floor are higher in value.

Parking –

Amenities like private parking for reinserts and terrace area along with flat increase the ready reckoner value of the property. ready reckoner value shall be multiplied by the area. Guidance guideline : Guideline value Bangalore or Guidance guideline is set by the Department of Stamps and Registrations of each state. It is the minimum amount at which a property that has been either bought or sold needs to be registered. This phenomenon is also known as the Ready Reckoner value. If you want to get a property valuation certificate Bangalore. Check out the official website for Kaveri Online Services. The link for which is https://kaverionline.karnataka.gov. You can take a look at the table below to know the government valuation of property 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

This is all from my end on guideline value bangalore. If you wish to gain more information, read the answers linked below. Looking to rent the property of your dreams Explore NoBroker's Tenant plans to get genuine leads. If you want legally valid rent agreement to be delivered to your doorstep.Check out NoBroker Rent Agreement Services Read more : How to become a property valuer in India How is property value assessed to include land and built up area? How I can find property value in 2001

Rashmi Sinha · Answer 3 · 2022-10-20T09:40:25+00:00

In simple words, understand that the guidance value of a property is the estimated value of the land as recorded and maintained by that respective government of this state. These records are maintained by the Department of Stamps. If you hail from Bangalore, you can check the Kaveri online guidance value and have an idea about the rate of the property or land. Let me share how it is calculated to help you understand it better. Get your property documents verified and queries answered anytime by NoBroker Legal Services’ experts

How is the guidance value Bangalore calculated?

Guidance value is both for plots and properties. The calculation however differs for them. The guidance value for plots is calculated on the basis of the available land area excluding the constructed properties. The guidance value that is charged for the constructed properties including the available land is called the composite value. How to know the market value of property? Checking the market value of property in Bangalore is a simple task. As Shreya ji said, just visit the Kaveri portal https://kaverionline.karnataka.gov.in/ And get to know the market value by following the steps mentioned by her. What is the formula to calculate guidance value? If you want to know the formula, Just divide the average sale price of a similar property in the area by the size of the property under concern and you will get it. It is overall hard to know the guidance value without visiting the Kaveri site as the price fluctuates a lot. So just opt for the Kaveri online guidance value and get to know the exact or at least the reliable range before buying or selling a property. Read More: What is government guidance value of property? What is guidance value of property?

Pankaj · Answer 4 · 2023-01-27T15:05:33+00:00

The Guidance Value is the lowest amount below which no real estate transaction may be completed in Karnataka. I am a keen real-estate investor, so I keep myself updated with property valuation Bangalore and the changes made in it from time to time. In an effort to hasten the real estate sector's rehabilitation, the government recently instituted a 10 per cent discount on the guideline value of properties. Homebuyers have until July 2023 to take advantage of this incentive. I will tell you more about Bangalore's most recent guideline on Guidance values. Get in touch with the legal experts of NoBroker to understand the exact valuation of your property. Recent Updates in Property Guidance value Bangalore A 10% refund has just been added to the Karnataka guideline value in an effort to revive the real estate industry. This deal was formerly good until March 31, 2022, however, it has now been extended until July 31, 2023. Based on the buyers' excellent feedback, the discount can be extended further. The Department of Stamps and Registration, Karnataka, regulates Bangalore's guidance value, also known as the Ready Reckoner (RR) rate or Circle rate in other states. Guidance Value is derived for both undeveloped land parcels and built-up areas. For plots, the value is determined based on the available land area, excluding any built-up areas. The term "composite value" refers to the value determined for all constructed properties, including the land. The Bangalore Guidance Value is used to compute the stamp duty and registration fees, which are regarded as the state of Karnataka's main sources of income. It is, in essence, the price that a buyer of a home must pay in order to purchase the property. The highest possible property price (market rate) at which a property may be sold, however, is unrestricted. The overall price a homebuyer pays for a property, including amenities and other infrastructure, is known as the market rate. Evidently, a property's market value is more than its guidance value. The homebuyer has the choice to register the property at a price between Rs 7,000 per sq ft and Rs 10,000 per sq ft, for example, if the market price of a property in a specific location is Rs 10,000 per sq ft and the Guidance Value is determined at Rs 7,000 per sq ft by the Revenue Department. However, a homebuyer cannot register the property below Rs 7,000 per sq ft if the market value of the property is Rs 5,000 per sq ft and the Guidance Value is Rs 7,000 per sq ft. The State government updates the Guidance Value every year in an effort to narrow the difference between the two. The government is able to collect more money through stamp duty and registration fees thanks to the value revision. Reduced black money circulation in the real estate sector is another benefit of closing the gap between guidance value and market rate. The market value of the property rises whenever Guidance Value is revised upward. Miss Shreya and Miss Rashmi have already explained how to check the Guidance value in Bangalore, so I am going to tell you some more details on Bangalore's guideline value:

Guidance value, also known as guideline value, is similar to the property's fixed price. This value cannot fall below it.
Even if you purchase a house for less, you will be obligated to pay stamp duty based on the guideline value. Not only that, but Section 56(2)(vii)(b) of the Income Tax Act, 1961 states that the difference between the stamp duty value and the purchase consideration shall be considered as Income from Other Sources if the stamp duty value exceeds the purchase consideration.
The higher value is used for registration if the property was sold for more money than the BBMP guidance value for 2021.
A locality that is established and well-developed may have a higher guideline value. In regions that are still in the early stages of development, the same figure will be lower.
Keep in mind that the guiding figure is merely a standard. The seller of a property cannot be persuaded to sell at the suggested price by a house buyer.
If the market value is higher than the guideline value, the property may be sold for any amount between the two without incurring additional tax obligations.
Check the documents and specifics of a property if you notice that it is being offered for less than the recommended price. The developer might be doing this to avoid paying taxes.

I hope this helps you in understanding further about property valuation Bangalore. Read More: What is guidance value of property? How to calculate government valuation of property? What Various Factors Affecting Valuation of a Property are?

Anamika Sen · Answer 5 · 2023-08-17T10:13:11+00:00

Before discussing anything about the guidance value of property in Bangalore 2023, let me first share what it means. Property guideline value, also known as the circle rate, ready reckoner rate, or government value, is the minimum value that a government authority assigns to a property in a particular area for the purpose of calculating various charges and taxes related to property transactions. This value is set by the local government or relevant authority and serves as a reference point for property transactions to prevent undervaluation and underreporting of property prices. Deciding the property guideline value in Bangalore is hard, and let me tell you why.

On what factors does the property guideline value depend?

Property guideline value depends on several factors, like:

Location
Size and layout
Condition
Comparable sales
Market trends
Income potentials
Replacement cost
Economic factors and more

To get the property guideline value in Bangalore, I will suggest you visit the Kaveri portal and get it. It will be able to give you the most valid value.

Enter your district
Area name
Taluka
Village name
Hobli and then click on search to get the value

You can also compare the values of your neighbouring properties to get an idea of their property valuations. Get your property sold as per market rate quickly. Avail Nobroker’s seller assistance plans Read More: What is government guidance value of property? What is guidance value of property? How to calculate government valuation of property? What Various Factors Affecting Valuation of a Property are?

Swati mishra · Answer 6 · 2024-02-29T03:17:57+00:00

Swati mishra

0 February 29, 2024

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Wondering how to find property guidance value in Bangalore? Let me share the steps with you.

How to Check Guidance Value in Bangalore?

Go to the official website of the Department of Stamps and Registration, Karnataka. You can access the website by searching for "Karnataka Stamps and Registration" or by visiting the official website of the Karnataka state government.
Look for a section or tab on the website related to "Guidance Value" or "Property Valuation."
Once you're in the guidance value section, look for options to select the specific city or district you're interested in, which in this case is Bangalore.
After selecting Bangalore, you may need to choose the particular locality or area within Bangalore for which you want to find the guidance value.
Once you've selected the locality or area, the website should display the guidance values for properties in that area.
Ensure that you're viewing the most up-to-date guidance values, as these values may be revised periodically by the authorities. Look for any notifications or updates regarding recent changes in guidance values for the selected area.

Verify the guidance values provided to ensure accuracy. This is how to find out guidance value of property in Bangalore. Avail NoBroker Due Diligence Pack to Get the Best Legal Solution Read more If you do khatha transfer in bangalore, what is the procedure to do name change in property tax

How to Find Guidance Value of Property in Bangalore?

How is the guidance value Bangalore calculated?

On what factors does the property guideline value depend?

How to Check Guidance Value in Bangalore?

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How to Find Guidance Value of Property in Bangalore?

How is the guidance value Bangalore calculated?

On what factors does the property guideline value depend?

How to Check Guidance Value in Bangalore?

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