THE MARKET VALUE OR GUIDANCE VALUE FOR REGISTRATION OF PROPERTIES IS UNDER REVISION


THE CVC HAS PUBLISHED THE GUIDANCE VALUE FOR THE BANGALORE URBAN DISTRICT AND INVITED OBJECTIONS FROM THE PUBLIC, TO BE SUBMITTED WITHIN 15 DAYS FROM 07-10-2014.  THE OBJECTIONS ARE BEING EXAMINED.  THE REVISED GUIDANCE OR MARKET VALUE OR THE REGISTRATION VALUE TO CALCULATE THE STAMP DUTY AND THE REGISTRATION FEE WILL BE PUBLISHED SOON.

IT IS LEARNT THAT THE AVERAGE INCREASE IS IN THE RANGE OF 20% TO 30%.  BUT IN THE BANGALORE NORTH THE VALUES HAVE SHOP UP IN SOME AREAS BY 100% AND THOUGH THE GUIDANCE VALUES HAVE BEEN INCREASED BUT THE REAL MARKET VALUE IS MUCH HIGHER.

HENCE, THERE IS LONG Q IN THE SUB-REGISTRAR OFFICES IN BANGALORE URBAN AND RURAL DISTRICTS AS THE PROPERTY BUYERS THINK THAT THERE WILL BE A REVISION FROM 01-11-2014.

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