Monday, July 15, 2013

GUIDANCE VALUES OF PROPERTIES MIGHT BE REVISED BY THE END OF THIS MONTH

THE STAMPS AND REGISTRATION DEPARTMENT IN KARNATAKA HAS PREPARED THE DRAFT AND THE REVISION IN THE GUIDANCE VALUE (MINIMUM PROPERTY VALUE) AT WHICH THE PROPERTIES IN THE STATES HAVE TO BE REGISTERED AND WILL BE OPERATIVE FROM AUGUST, 2013.

THE RISE IS IN THE PROPORTION OF 10% TO 100% DEPENDING UPON THE ROAD, AREA, ZONE AND THE USE OF LAND.
THE GOVERNMENT IS EXPECTING A YIELD OF RS6,500/- REVENUE FROM THIS SECTOR.

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