Guidance value is the minimum value at which the property can be registered. This rate is published by the Department of Stamps and Registration of every state yearly. If you have heard of the guidance value and you will like to know more about it, here we will take you through the details.
We will be talking about the different details with regards to the guidance value and also offer the key steps regarding how you can procure it. Make sure to familiarize yourself with the details so that you will be better equipped to know more about it.
The Key Facts
When we are making a discussion about the guidance value Bangalore, you may also find the use of terms like Ready Reckoner Rate or even RR Rate. Circle rate is another term that means mostly the same thing. All these terms are used for different states but mostly refer to the same thing.
So, regardless of the term you are using, there are a few facts and information that you need to be familiar with. Here, we are going to tell you about these details and this will prepare you better to know what is guidance value and how you can make the most of it.
The guidance value is basically like the fixed price of a certain property. You will not be able to go down below this value.
If you have managed to sell a property at a value which is higher than the BBMP guidance value, when you carry out the property registration, it will be done as per this higher value
If by chance, you have managed to buy a property at a lower value, when you will pay the stamp duty, it has to be paid by the guidance value. There is also another key condition to keep in mind. As per the income tax act, if the stamp duty value is more than the purchase consideration, then the difference in amount between the stamp duty value and the consideration of purchase will also be treated as income. This will be filed under income from other sources.
The guidance value depends upon the area and the locality. A well-connected locality is likely to have a higher guidance value than areas that are either under-developed or still developing
If you find that a property is being sold for a value less than the guidance value, you need to be thorough with the documentation. The seller may be doing so to evade taxes
The seller can sell the property for any price that falls between the guidance and the market value.
The Reduction In Sub Registrar Guidance Value In Bangalore
The Karnataka government announced that they cut down the property sub registrar guidance value in the city of Bangalore by a whopping 10% for three months. The exact period for this event is April 25th, 2022 to July 24th, 2022.
The government believes that the slashing of charges has ensured that a lot more registrations have happened. So, the decision seems to be a win-win case for both. While the government has been able to make revenues, the public too has benefitted from the slashed prices.
The Kaveri online guidance value has also seen a reduction for three months as it will be applicable for both sale and purchase for all property types.
The Karnataka government wanted to promote people to purchase different kinds of properties be it flats, buildings, and even lands and this is why they decided to slash the guidance value. The government believes that this offer is mainly for those who are simply pushing time even after getting different documents. This reduced pricing could help such people in saving their money and getting the property deal finalized at the same time.
The government is aware of the fact that the reduction is going to impact the net revenue the government generates out of the process, but in the end, it will largely benefit the people. The Kaveri online guidance value is one of the biggest sources of revenue generation for the state government.
The stamp registration department of the state makes it a point to revise the guideline value Bangalore at periodic intervals. The main reason why they do so is to ensure that the guidance value and the market value can stay matched as closely as possible. This is because if there is a huge difference, there is a greater chance of black money laundering and even cash transactions that happen under the table. This ends up greatly impacting the overall revenue of the government. These transactions are never accounted for in the books of records.
A new proposition has been put into place by the Urban Development Department. They think that from the FY 2021-22, the BBMP should adopt the guidance value method rather than sticking to the unit area value method when calculating the property taxes. But, likely, this new method will not be adopted until the economy stabilizes completely.
The government has a dedicated Kaveri website in place for the sake of calculating the guidance value and helping people know all the latest property and even government land rates from the comfort of their homes. The whole process has been very simplified and made very easy to access as well.
So, let us check out the details of the steps.
How To Calculate The Sub Registrar Guidance Value In Bangalore?
Here is the simple set of steps that you need to follow for the sake of calculating the guidance value. Make sure to pay heed to the details.
- Head to the Kaveri website by clicking here
- You can choose either the basic or the advanced search for the sake of calculating the guidance value
- When you have chosen either of the options, you will then be prompted to enter several details including district, area name, property usage type, property type, total area, and the measurement. These inputs are required for the sake of calculating the guidance value in Bangalore. There are a few other fields too in the form but these will be auto-populated based on the channelled inputs.
- This will give you the building rate and thereby help you assess the true valuation of the property.
- You can fill in even other details like working type, annexure rules, and so on. This, in turn, will allow you to get finer details of the total property valuation and help you come to an even better result.
- It is important to add here that should you choose the advanced search option; you will have to enter information regarding the SRO office and the registration district as well.
Along with checking out the guidance value and analysing the property evaluation, you will also be able to download the guidance value and study it later. This function too can be accessed from the Kaveri home site itself.
The Guidance Value In Bangalore Based On Areas
Here is a list of some of the guidance value numbers based on the areas in Bangalore. This table will give you an idea regarding what is the likely rate that you will have to pay when you choose to buy a property in these areas. It is important to note that these numbers are placeholders and as the government reviews the rates from time to time, they are subject to changes.
So, make sure to check the details at your hand when looking to buy a property.
|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 In Posh Areas
Sometimes when we are buying properties, we want to be sure that we are choosing our homes in posh or prime areas that enjoy the good neighbourhood and are well connected and have tons of other facilities. So, the guidance value rates for some of these prime areas are different and thereby have been listed separately.
Once again, be sure to check the current market rates and the actual guidance value at the time of purchase.
|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|
Guidance Value For Agricultural Land
If you want to buy agricultural land, here are the details of the guidance value. Once again, we want you to do a current rate check when you buy the property. All these values are subject to changes by the government from time to time.
|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/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|
Registration Offices In Uban Bangalore
Here is a list of the registration offices present in urban Bangalore segregated on the basis of the zone.
|Bengaluru East||Bengaluru West||Bengaluru North||Bengaluru South|
|Indiranagar, BDA Complex, Bangalore 560050.,|
|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,|
|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 Rural Bangalore
If you are looking to register your property in rural Bangalore, you will need to know the addresses of rural Bangalore offices. Here is a consolidated list for the same thing.
|Bengaluru East||Bengaluru North||Bengaluru South|
|Mini Vidhana Sudha, 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.|
Is guidance value different for different areas in the same city?
Yes, the guidance value can differ from one locality to another in the same state because it depends on a lot of features like the amenities offered, the locality type, and more
Does the guidance value change from time to time?
Yes, the government tends to review the guidance value and they offer discounts from time to time to incentivize people to register more and more properties.
What is the difference between guidance and guideline value?
Both the terms are the same and are often used interchangeably.
Does the government earn money out of the registration charges?
Yes, the state government makes revenue out of it. It is one of their largest sources of revenue.
Also, read about the conveyance deed.