Guidance Value Karnataka 2023

September 29, 2023

The Kaveri online Guidance value is among the largest source of revenue for the state. Any increase or 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.

One should check the latest Guideline value Karnataka before investing in a property in the state. When getting property transactions registered at the sub registrar office, sub registrar guidance value in Bangalore 2023 will help determine the stamp duty and registrations charges you will be paying.

Guidance Value Karnataka: Up to 30% hike proposed for BMRDA

The Karnataka state government’s preliminary gazette notification for the Bengaluru Metropolitan Region Development Area (BMRDA) indicates an increase of a maximum of 30% in guidance value, mentions a TNIE report. The rate will depend on the area and the hike will be effective from October 1, 2023.

As per the TNIE report, on September 8, 2023, separate drafts have been issues to seven registration districts of Bengaluru Urban-Basavanagudi, Jayanagar, R R Nagar, Shivaji Nagar and Gandhi Nagar and Rural- Ramanagara and Bengaluru Rural. The revised guidance value for other districts will be announced shortly. Objections regarding this directive can be filed till September 23,2023 after which the final notification will be issued. Some places in Karnataka has seen a hike of around 50% for instance, the Electronics City as the market value here is around 500 times more than the guidance value. Karnataka also has worked on reducing the guidance value in some places to match the price with the market.

An increase in the guidance value will also have an impact on the property tax as stamp duty is 5% of the guidance value in Karnataka and property tax is 2% of the stamp duty paid for the property.

Type
Guidance value increase

Agricultural land
Up to 50%

Sites
Up to 30%

Apartment
Between 5-20%

The Karnataka government is looking at making use of the growing demand in the real estate segment by increasing the guidance value. The state is also pushing the use of online registration by implementing web-based application Kaveri 2.0 in Bengaluru.

As per the stamps and registration department, properties have to be registered before September 30, 2023 to avail the old guidance value. Thus, there has been a surge in online applications for property registration slots before September 30, 2023. To aid this, as per a Karnataka state government order, all SROs in Karnataka will be operate from 8 AM to 8 PM till September 30, 2023.

Guidance value in Bangalore 2023: Fact guide

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.

Also read about TNREGINET guideline value

Guidance Value Karnataka: Key influencers

Location: A property’s location has an impact on the guidance valu. Locations that enjoy good connectivity, have sound infrastructure and are sought after have higher guidance value.

Type of property and its usage: The guidance value depends on the type of the property. This can be residential, commercial, agricultural, industrial, may impact the guidance value.

Infrastructure development: Presence of good connectivity and established infrastructure play a role in the location’s guidance value. Proximity to landmarks and connectivity to other parts of the city through easy public transport influences the guidance value.

Amenities: A project having better amenities can influence the guidance value of the entire location.

Regulatory factors: Any location that is under zone restrictions, land use policies etc. such as its presence in SEZ has an impact on the guidance value.

Guidance value in Bangalore 2023: 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.

See also: 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

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.

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.

In a proposed decision, 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.

Now that you are familiar with the term, let us see how such values are calculated. Let’s take the example of Bengaluru.

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.

Also read about cost of living in Bangalore

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

JANATANAGAR
RS 11,800

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

KARAKUSHALANAGAR
RS 5,400

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

See also: 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.,

Telephone: 25634517

No.488 B-Block, Karnataka Industrial Area Development Board Building, 14th cross 4th Phase, Peenya 2nd Stage, Bangalore 560058.

Telephone: 28366091

Sree Rundhreswara Chambers, Yelahanka New Town, Bangalore 560064.

Telephone: 22959367

SLN complex, Near RTS Bus Stand, Mysore Road, Kengeri, Bangalore 560060.

Telephone: 28484159

Domlur, BDA Complex, Bangalore 560038.,

Telephone: 25352907

Sri Rameshwara Temple Commercial Complex, Near Kannada Sahithya Parishat, IIIrd Main Road, Chamarajpet. Bangalore 560018.

Telephone: 26606641

K.R.Puram, Near Santhemaala, Bangalore 560036.

Telephone: 22959345

4th Block, Jayanagar, 12th Main Road, Near Jayanagar Complex, Bangalore 560041.

Telephone: 22959347

National Highway, Manjushree Chambers, K R Puram. Bangalore 560036,

Telephone: 28472677

19/B, 2nd floor, V.K.Iyengar Road, Gandhinagar, Bangalore 560009.

Telephone: 22959353

No.69. Cholanayakanahalli, R.T.Nagar Post, Bangalore 560032.

Telephone: 22959322

Taluk office premises, Mini Vidhana Soudha, Anekal, Bangalore 562106.

Telephone: 27841096

No.7402, 9th ‘A’ Main. II Cross, I block, HRBR Layout, Kalyan Nagar, Bangalore 560043,

Telephone: 22959335

Near Vijayanagara Bus Stand, 2nd Main Road, Srirampura, Bangalore 560040.

Telephone: 22959349

No.13, Laggere Main Road, Andanappa Building, Parvathi Nagar Bus Stand, Bangalore 560058.
No.1105-9C, Begur Village,

Bangalore 560019.

Telephone: 22959328

No.4, Jatar Circle Road, Whitefield, Bangalore 560066,

Telephone: 22959342

5th Block, No 1034., Near Dhobi Ghat, Rajajinagar. Bangalore 560010.

Telephone: 22959350

No.25, D.M.Chambers, 3rd stage, RMEL Road, Jawaharlal Nehru Road, RajaRajeshwari Nagar, Bangalore 560098. Telephone: 22959329
No.1, Madanayakanahalli, Dasanapura Hobli, Bangalore.

Telephone: 22959325

RBMP Building, Near Ulsoor Lake, Tank Bund Road, Bangalore 560022.

Telephone: 22959369

No.40, IInd Stage, behind BDA Complex, Block I, Nagarabhavi, Bangalore.

Telephone: 22959315

Amrutha Nagara, Konanakunte.

Bangalore 560062.

Telephone: 22959330

Additional District Registrar, BDA Complex, Kumara Park West, Bangalore 560001.

Telephone: 22959343

1st floor, B M Complex, Mustandra Road, Opp. Dharmarayaswamy Temple, Varthur, Bangalore 560087.

Telephone: 22959198

No.11, I Main Road, Guttahalli,

Bangalore 560003.

Telephone: 22959357

No.4, Survey No. 33/4A, B H Road, Dasanapura Dakhle, Devannapalya, Bangalore North Taluka.

Telephone: 22959326

No.46, Next to Anjan Theatre, Magadi Road, Kempapura Agrahara, Bangalore 560023.

Telephone: 22959367

No.111, 9th Main Road, 3rd stage, Pillanna Garden, Kacharakanahalli, Bangalore 560045.

Telephone: 22959321

H C Puttaswamy Layout, Hesaraghatta, Bangalore North Taluk. Bangalore 560088.

Telephone: 28466100

Bangalore South Taluka, APCM Society, Kanakapura Road, Banashankari, Bangalore 560070.

Telephone: 22959331

NH-7, Opp. Police Station, Bellary Road, Bangalore North Taluk. Bangalore 562157.

Telephone: 28467474

No.1943, Tavarekere Kengeri Road, Tavarekere, Bangalore 562130.

Telephone: 28430714

No.70, 5th Main, Ganganagar, Bangalore 560 032.

Telephone: 22959359

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.

Telephone: 22959366

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.

Telephone: 22959341

No.50/1. Church Street, Bangalore 560001.

Telephone: 22959354

See also: Know about posh areas in Bangalore

Registration offices in Bengaluru-Rural (zone-wise)

Bengaluru east
Bengaluru north
Bengaluru south

Mini Vidhana Soudha, Hoskote, Bangalore Rural District 561203.

Telephone: 27934525

Taluk Office Premises. Devanahalli, Bangalore Rural District 562110.

Telephone: 27681021

Mini Vidhana Soudha Building, Magadi, Bangalore Rural District 562120.

Telephone: 27746750

Mini Vidhana Soudha Taluk Office, Doddabllapura, Bangalore Rural District 561203.

Telephone: 27626876

Taluk Office Premises, Mini Vidhana Soudha Building, Kanakapura, Ramanagar District 571511.

Telephone: 27255412

Mini Vidhana Soudha Building, Nelamangala, Bangalore Rural District 562123.

Telephone: 27724110

Taluk Office Premises, Old B M Road, Ramanagar, Bangalore Rural District 571511.

Telephone: 27276270

Taluk Office Premises, B M Road, Channapatna. Bangalore Rural District 571501.

Telephone: 27255412

Guidance value Karnataka: Latest News

September 28, 2023:

Karnataka government collects Rs 311 crore revenue in a single day: Report

The stamps and registration department in Karnataka collected around Rs 311 crore as revenue on September 27,2023 after registering over 26,058 documents which is the highest till now, said revenue minister Krishna Byre Gowda to Moneycontrol.com.

On September 25, the IGR Karnataka collected Rs 158.2 crore by registering 15,936 documents and on September 22 , after registering over 12,955 documents, IGR Karnataka collected around Rs 130.8 crore revenue.

The guidance value Karnataka has seen a hike and the new rates will be effective from October 1, 2023.

FAQs

What are other services offered by the Kaveri portal?

The Kaveri portal provides services such as registration and mutation, Encumbrance Certificate (EC), marriage registration, society registration, firm registration, etc.

What is the guidance value in Karnataka 2023?

The guidance value is a property’s minimum selling price that is fixed by the government. Effective October 1, 2023, the guidance value in Karnataka will be hiked up to 50%.

How to check guidance value in Karnataka?

You can check the guidance value of a property in Bangalore or Karnataka by visiting the Department of Stamps and Revenue website. Enter the required details and get information about the guidance value.

When was guidance value revised last in Karnataka?

Last, the guidance value in Karnataka was revised in 2018. It was made effective January 1, 2019.

What will all be impacted because of hike in guidance value Karnataka?

Hike in guidance value Karnataka will result in higher property prices and also increase in property tax.

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.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com