The ready reckoner value of property is also known as the circle rate or guidance value. It indicates the mandatory minimum rate set by the government for properties in a particular area. It serves as a standard for determining stamp duty, registration fees, and property taxes. To prevent undervaluation and the circulation of illegal money, the government periodically adjusts these values based on market trends, location, and demand.
Buyers and sellers must record property transactions at or above the ready reckoner value. It promotes transparency and equitable taxation.
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What is the Ready Reckoner Value of Property?
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2025-09-08T09:56:01+00:00 2025-09-08T13:30:16+00:00Comment
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