Property Guidance Value Slashed BY 10% in Karnataka for Next 3 Months
The Karnataka government has slashed the property guidance value across the state by 10 per cent for the next three months in a move aimed at providing an opportunity for people to get registrations done at the earliest, Revenue Minister R Ashoka said. For the purchase of property, whether it is
Published -
Jan 3, 2022 3:54 AM
The Karnataka government has slashed the property guidance value across the state by 10 per cent for the next three months in a move aimed at providing an opportunity for people to get registrations done at the earliest, Revenue Minister R Ashoka said. For the purchase of property, whether it is a revenue land, site, building or a flat, the government is slashing the guidance value by 10 per cent which will be applicable across the state for three months only, Ashoka said. "This is an offer for those who are pushing time with the General Power of Attorney (GPA) and agreements on properties. Also, it is for those who are planning for property registrations. This will be effective from today (January 1) till March 31," the minister added. The guidance value is the minimum selling price of a property fixed by the government, depending on the locality and type of structure. Calling on the public to utilise the opportunity and get their properties registered, the minister said this has been a long-standing demand, the announcement has been made after several rounds of discussions between the finance and revenue departments, IGR (inspector-general of registration) and the Chief Minister for the last one month. It will be across the state for all kinds of property registration, whether it is dry or irrigated land, flat or site. It will be applicable to all.
Tags : News/Views Chief Minister Property Registration Karnataka government Revenue Minister General Power of Attorney