Friday 25 October 2013

Guidance Value for Property in Bangalore

Guidance Value for Property in Bangalore

Guidence value for Bangalore is set to rise by 40% With the government declaring new guideline values, which will be reveiwed every year the official rate of land is set to soar by 40% in Bangalore and the revenue proceeds will be used to subsidize the government  populist schemes. The revnue minister told the legislative council on june 25th that the revised rates has already been announced and propositions and objections are sought from the public and the new rates will be employed within a month. Further the minster also said that in some parts of the state the present land rate is ununiformed with values lower than the market values and there are places where the variation between guidence value and market value is more than 100%. The guidence value has already been amplified by 30% in 25 districts by the government and the values in other districts will also be revised in three months, added the minister. The government has also decided to set up a land evaluation committee to guide the government on revising the guidence value and after putting forward its recommendations , it plans to revise the value every year.

and also,
                Guidance Value

                Market Value

               Legal Queries

For more details: http://guidancevalue.com


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