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.
Guidance value increase
Up to 50%
Up to 30%
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
RATES (PER SQ MT)
VANI VILAS MARKET TO D. BANUMALAH CIRCLE ON SAYYAJI RAO ROAD
BANUMALAH CIRCLE TO K.R. CIRCLE
K.R. CIRCLE TO AYURVEDA HOSPITAL CIRCLE
RS 1.15 LAKH
AYURVEDA HOSPITAL TO RMC CIRCLE
RMC CIRCLE TO HIGHWAY CIRCLE
KUMBARAKOPPAL MAIN ROAD
KUMBARAKOPPAL CROSS ROADS
KUMBARAKOPPAL INNER CROSS ROADS
KUMBARAKOPPAL SOUTH SIDE
GOKULAM MAIN ROAD
GOKULAM CROSS ROAD
GOKULAM IST & 2ND STAGE
GOKULAM 3RD STAGE
GOKULAM 4TH STAGE
CONTOUR ROAD EWS
KARNATAKA SLUM DEVELOPMENT BOARD HOUSES
BOGADI 1ST & 2ND STAGE
SRIRAMPURA 1ST STAGE
SRIRAMPURA 2ND STAGE
METAGALLI MAIN ROAD
B.M SRI NAGAR MAIN ROAD
B.M SRI NAGAR CROSS ROAD
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
HOUSE SITES APPROVED BY THE DEVELOPMENT AUTHORITY
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
RS 8 LAKH/ACRE
AMCHAWADI VILLAGE IN YELWAL HOBLI
RS 3.50 LAKH/ACRE
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
RS 5 LAKH/ACRE
UDBUR (MUDA LIMITS)
RS 22 LAKH/ACRE
RS 35 LAKH/ACRE
Guidance Value Bangalore in prime areas
CUNNINGHAM ROAD (CHANDRIKA HOTEL TO BALEKUNDRI CIRCLE)
M.G.ROAD, BRIGADE ROAD, RESIDENCY ROAD
12TH MAIN, HAL 2ND STAGE
DEFENSE COLONY, INDIRANAGAR
CMH ROAD, 1ST TO 12TH CROSS
9TH MAIN, JAYANAGAR
DOLLARS COLONY, RMV 2ND STAGE
SAMPIGE ROAD, MALLESHWARAM
SADASHIVANAGAR (C.V. RAMAN AVENUE TO BHASHYAM CIRCLE)
SANKEY TANK ROAD
DR. RAJKUMAR ROAD
ESI HOSPITAL ROAD, RAJAJINAGAR
BANNERGHATTA MAIN ROAD (HOSUR ROAD TO DAIRY CIRCLE)
VITTAL MALLYA ROAD
See also: All about stamp duty charges and registration charges in Bangalore
Registration offices in Bengaluru-Urban (zone-wise)
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.
See also: Know about posh areas in Bangalore
Registration offices in Bengaluru-Rural (zone-wise)
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.
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.
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.
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