[ecis2016.org] The minimum value at which a property can be registered is its guidance value, which is published by the Department of Stamps and Registration of every state, every year
Sub registrar guidance value in Bangalore 2022
For the second consecutive time, Karnataka government has reduced the property sub registrar guidance value in Bangalore by 10% for three months- from April 25, 2022 to July 24, 2022. “We reduced the stamp registration charges during the difficult times of COVID. As we slashed (guidance value) by 10 per cent (since January 1), more registrations have happened. The government has also generated revenue and the public benefited,” said Ashoka.
You are reading: Sub registrar Guidance Value in Bangalore: All about guideline values in Bengaluru
Owing to people’s demand, Kaveri online guidance value has been reduced for another 3 months. This will also be applicable for sale and purchase of all kinds of properties.
In a bid to encourage purchase of all kinds of property – land, site, building or flat – the Karnataka government, on January 1, 2022, slashed the property guidance value across the state by 10% for the next three months. “This is an offer for those who are pushing time with the General Power of Attorney (GPA) and agreements on properties. Also, guidance value Bangalore reduction is for those who are planning for property registrations. This will be effective from January 1 till March 31, 2022,” said Karnataka Revenue minister, R Ashoka. While the reduction in guidance value Bangalore move will impact the government’s revenue, it will benefit the common people.
While the Kaveri online guidance value is among the largest source of revenue for the state, any increase or any decrease in guidance value can have a direct impact on the cost of the property. The stamps and registration department revises the guideline value bangalore from time to time and much study goes into keeping the guideline value bangalore rates as close as possible to the market value of properties so as to avoid any instances of black money and cash transactions that can affect the revenue.
In a proposed decision to be applicable from FY 2021-2022, the Urban Development Department has directed the BBMP to adopt the ‘guidance value’ method instead of the ‘unit area value’ method, to calculate property taxes. However, it is expected that the adoption of the new guidance value method may be postponed till the economy stabilises.
Prospective buyers can know the latest property, government land rates in Bangalore in 2021 and also get a guidance value Bangalore 2020-21 pdf download by visiting the relevant government website. The Kaveri website for guidance value calculation has simplified the process for property owners in Bangalore.
Sub registrar guidance value in Bangalore 2022: Basic facts you should know
The terms guidance value or guideline value are used interchangeably and refer to the same value. Different states may use one or the other. People may usually search for one or the other term, depending on which state they belong to. Other names by which people usually identify guidance value Bangalore or guideline value bangalore, include ‘Ready Reckoner rate’ or RR rate, which is widely used in states like Maharashtra and ‘Circle Rate’, which is a term often used in Delhi, Noida, etc.
Some of the facts about the guideline value Bangalore are:
- Guidance value or guideline value is like a fixed price of the property. It cannot go below this value.
- Even if you buy a property at a lower value, you will still be required to pay the stamp duty at the guidance value. Not just that, Section 56(2)(vii)(b) of the Income Tax Act, 1961 says that if stamp duty value exceeds the purchase consideration, then, the difference between the stamp duty value and the purchase consideration will be treated as Income from other Sources.
- If the sale of the property has happened at a higher value than the BBMP guidance value 2021, registration takes place as per the higher value.
- A well-developed and established locality may have a higher guidance value. The same value will be lower in areas that are early-on in the development cycle.
- Note that guidance value is just a benchmark. A home buyer cannot persuade the property seller to sell at the guidance value.
- The property can be sold at any price between the guidance value and the market value, if the latter is higher, without any additional tax implications.
- If you see a property being sold for less than the guidance value, check its documentation and details. The developer may be doing so to save on tax.
Now that you are familiar with the term, let us see how such values are calculated. Let’s take the example of Bengaluru.
One should check the latest guideline value Bangalore before investing in a property in the city. When getting property transactions registered at the sub registrar office, sub registrar guidance value in Bangalore 2022 will help determine the stamp duty and registrations charges you will be paying.
Also read about TNREGINET guideline value
Sub registrar guidance value in Bangalore 2022: How to calculate?
Step 1: Visit the Kaveri website at kaverionline.karnataka.gov.in to calculate sub registrar guidance value in Bangalore 2022.
Step 2: Opt for basic or advanced search to search for the guideline value.
Step 3: Type in details of district, area name, property usage type, property type, total area and measurement to calculate guideline value Bangalore. Other fields will be auto-populated and you will be shown a valuation of the building rate.
Step 4: Other details that you may want to enter are about the construction type, annexure rules, parking type etc. This will throw up a total valuation of the property.
If you are opting for an ‘advanced search’, you will have to enter extra information pertaining to the registration district and the SRO Office.
[ecis2016.org] All you need to know about Kaveri Online Services
Apart from the facility of calculating the guidance value in Bangalore 2020-21, the guidance value Bangalore 2020-21 pdf or online copy of the registered documents is also available on Kaveri website. Guidance value Bangalore 2020-21 pdf, guidance value Bangalore 2019-20 pdf download etc. can be done from the Kaveri online guidance value website.
Also read all about IGRS market value in Andhra Pradesh (AP)
Guidance value Bangalore example
Illustrating with a guidance value Bangalore example, Jairaj Reddy decides to buy a property with a market value of Rs 6,500 per sq ft. The sub registrar guidance value in Bangalore in that area is Rs 5,000 per sq ft. So, home buyers can register the property at a rate between Rs 5,000-6,500 per sq ft.
Now, suppose it was the other way around. That is, if the property was at the selling price of Rs 5,000 per sq ft but the sub registrar guidance value in Bangalore 2021 was Rs 6,500 per sq ft, Reddy would still have to register it at Rs 6,500 per sq ft, because it is the minimum value.
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 CROSS ROADS||RS 9,600|
|KUMBARAKOPPAL INNER CROSS ROADS||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|
|SRIRAMPURA 1ST STAGE||RS 23,000|
|SRIRAMPURA 2ND STAGE||RS 24,000|
|METAGALLI MAIN ROAD||RS 18,300|
|HALE OORU||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|
Guidance Value Bangalore for agricultural land on per acre basis
|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 Bangalore in prime areas
|CUNNINGHAM ROAD (CHANDRIKA HOTEL 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|
[ecis2016.org] All about stamp duty charges and registration charges in Bangalore
Registration offices in Bengaluru-Urban (zone-wise)
|Bengaluru east||Bengaluru west||Bengaluru north||Bengaluru south|
|Indiranagar, BDA Complex, Bangalore 560050.,
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|No.488 B-Block, Karnataka Industrial Area Development Board Building, 14th cross 4th Phase, Peenya 2nd Stage, Bangalore 560058.
|Sree Rundhreswara Chambers, Yelahanka New Town, Bangalore 560064.
|SLN complex, Near RTS Bus Stand, Mysore Road, Kengeri, Bangalore 560060.
|Domlur, BDA Complex, Bangalore 560038.,
|Sri Rameshwara Temple Commercial Complex, Near Kannada Sahithya Parishat, IIIrd Main Road, Chamarajpet. Bangalore 560018.
|K.R.Puram, Near Santhemaala, Bangalore 560036.
|4th Block, Jayanagar, 12th Main Road, Near Jayanagar Complex, Bangalore 560041.
|National Highway, Manjushree Chambers, K R Puram. Bangalore 560036,
|19/B, 2nd floor, V.K.Iyengar Road, Gandhinagar, Bangalore 560009.
|No.69. Cholanayakanahalli, R.T.Nagar Post, Bangalore 560032.
|Taluk office premises, Mini Vidhana Soudha, Anekal, Bangalore 562106.
|No.7402, 9th ‘A’ Main. II Cross, I block, HRBR Layout, Kalyan Nagar, Bangalore 560043,
|Near Vijayanagara Bus Stand, 2nd Main Road, Srirampura, Bangalore 560040.
|No.13, Laggere Main Road, Andanappa Building, Parvathi Nagar Bus Stand, Bangalore 560058.||No.1105-9C, Begur Village,
|No.4, Jatar Circle Road, Whitefield, Bangalore 560066,
|5th Block, No 1034., Near Dhobi Ghat, Rajajinagar. Bangalore 560010.
|No.25, D.M.Chambers, 3rd stage, RMEL Road, Jawaharlal Nehru Road, RajaRajeshwari Nagar, Bangalore 560098. Telephone: 22959329||No.1, Madanayakanahalli, Dasanapura Hobli, Bangalore.
|RBMP Building, Near Ulsoor Lake, Tank Bund Road, Bangalore 560022.
|No.40, IInd Stage, behind BDA Complex, Block I, Nagarabhavi, Bangalore.
|Amrutha Nagara, Konanakunte.
|Additional District Registrar, BDA Complex, Kumara Park West, Bangalore 560001.
|1st floor, B M Complex, Mustandra Road, Opp. Dharmarayaswamy Temple, Varthur, Bangalore 560087.
|No.11, I Main Road, Guttahalli,
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|No.4, Survey No. 33/4A, B H Road, Dasanapura Dakhle, Devannapalya, Bangalore North Taluka.
|No.46, Next to Anjan Theatre, Magadi Road, Kempapura Agrahara, Bangalore 560023.
|No.111, 9th Main Road, 3rd stage, Pillanna Garden, Kacharakanahalli, Bangalore 560045.
|H C Puttaswamy Layout, Hesaraghatta, Bangalore North Taluk. Bangalore 560088.
|Bangalore South Taluka, APCM Society, Kanakapura Road, Banashankari, Bangalore 560070.
|NH-7, Opp. Police Station, Bellary Road, Bangalore North Taluk. Bangalore 562157.
|No.1943, Tavarekere Kengeri Road, Tavarekere, Bangalore 562130.
|No.70, 5th Main, Ganganagar, Bangalore 560 032.
|No.430, Anna Building, Bommasandra Industrial Area, Hennagara Gate, Hosur Main Road, Attibele, Bangalore 560099. Telephone: 27836583|
|No.51/C, 3rd Main Road, Lorry Stand Godown Layout, APMC Yard, Yeshwanthpur, Bangalore 560022.
|No 459/39/2, Bannerghatta Village, Opp. Police Station, Bannerghatta, Bangalore 560083. Telephone: 27828207|
|No.167-168, B T M Layout I Stage, Tavarekere Main Road, Bangalore 560076. Telephone: 22959360||No.2255, Karuna Complex, Sahakara Nagara, Rajarajeshwari Road, Bangalore 560092.
|No.50/1. Church Street, Bangalore 560001.
Registration offices in Bengaluru-Rural (zone-wise)
|Bengaluru east||Bengaluru north||Bengaluru south|
|Mini Vidhana Soudha, Hoskote, Bangalore Rural District 561203.
|Taluk Office Premises. Devanahalli, Bangalore Rural District 562110.
|Mini Vidhana Soudha Building, Magadi, Bangalore Rural District 562120.
|Mini Vidhana Soudha Taluk Office, Doddabllapura, Bangalore Rural District 561203.
|Taluk Office Premises, Mini Vidhana Soudha Building, Kanakapura, Ramanagar District 571511.
|Mini Vidhana Soudha Building, Nelamangala, Bangalore Rural District 562123.
|Taluk Office Premises, Old B M Road, Ramanagar, Bangalore Rural District 571511.
|Taluk Office Premises, B M Road, Channapatna. Bangalore Rural District 571501.
Should I register property at guidance value or market value?
You can register the property at the sub registrar guidance value if it’s lower than the selling price of the property. But if your property cost you less than the guidance value, you cannot choose to register at the lesser value. Sub registrar guidance value in Bangalore is the minimum benchmark.
Why are there different Guidance Values of a property in the same city?
A number of reasons determine how much the guidance value is. For example, guidance value depends on the floor, building, locality, amenities, parking space, etc.
Where do I find information regards guidance value in Bengaluru?
You can approach the respective sub registrar office regarding guidance value in Bangalore for more details or refer to the numerous online websites for related information.
Are guidance and guideline values the same?
Guidance value is also referred to as guideline value. It is the minimum value at which a property registration takes place.
(Additional Inputs: Sneha Sharon Mammen)
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