When it comes to the guidance value Bangalore 2020, you should first know that this is the minimum value, below which, no real estate transaction can happen. In simpler words, guidance value actually means the lowest possible or minimum value at which a particular property can be registered in the State. These values are published by the Department of Stamps & Registration across every Indian State and the value is shown on the basis of the specific locality in question along with names of individual buildings or projects. Changes in this value may lead to either reductions or hikes in prices of real estate.

Guidance value Bangalore 2020 is a major revenue source for the State of Karnataka. What you should keep in mind is that better developed areas will have higher guidance values as compared to under-developed or developing localities. This value may also be called as circle rate or ready reckoner rate in several States. The calculation basis varies across the property type although it applies to both constructed real estate properties and plots. In Bangalore, it is calculated on the basis of the land area that is available, excluding any property that has been constructed. At the same time, the value chargeable for constructed properties, including the land on which they stand, is called the composite value.

Guidance value Bangalore 2020 is a major revenue source for the State of Karnataka. What you should keep in mind is that better developed areas will have higher guidance values as compared to under-developed or developing localities. This value may also be called as circle rate or ready reckoner rate in several States. The calculation basis varies across the property type although it applies to both constructed real estate properties and plots. In Bangalore, it is calculated on the basis of the land area that is available, excluding any property that has been constructed. At the same time, the value chargeable for constructed properties, including the land on which they stand, is called the composite value.

If you purchase any property at a lower price in comparison to the guidance value Bangalore 2020, you will still have to get the same registered at the guidance value itself. If the selling price is higher than the guidance value, then the sale value is what the registration will be done at. The Karnataka Government attempts at keeping the value closer to actual market rates as much as possible.