What is guidance value?
What is composite value?
What is guidance value Bangalore?
One should check the latest Kaveri guideline value before investing in a property in the state. When getting property transactions registered at the sub registrar office, the Kaveri guidance value will help determine the stamp duty and registrations charges you will be paying.
Importance of Kaveri guidance value
- Property tax is estimated based on the stamp duty and hence indirectly depends on the Kaveri guidance value.
- Based on the Kaveri guidance value, the stamp duty and registration fees of a property are estimated.
- With the help of the Kaveri online guidance value, it is ensured that the money is generated reasonably and there is no undervaluation of property.
Check out how you can use the Kaveri portal to register your property online in Karnataka.
BBMP to continue with zonal method of property tax computation
According to a draft notification issued on February 20, 2024, starting April 1, 2024, the Bruhat Bengaluru Mahanagara Palike (BBMP) proposed to charge property tax on the basis of guidance value Bangalore.
| Type of property | Tax rate |
| Residential property | 0.2% of guidance value Bangalore for properties on rent |
| Residential property | 0.1% of guidance value Bangalore for self-occupied properties |
| Fully vacant land | 0.025% of guidance value |
| Commercial property | 0.5% of guidance value |
However, the Karnataka state government on March 25, 2024, clarified that property tax will continue to be charged based on the computational method. Also, Bangalore will not see any hike in property tax in 2024-25.
Note that while the rest of Karnataka is being levied property tax on the basis of Kaveri Guidance Value, Bangalore which is under the BBMP ambit was being based on the zonal division. This resulted in some areas paying more property tax than others, although all of them had the same built-up area. While the new directive of calculating property tax based on guidance value was explored to bring in uniformity across state and also rake up the revenue, which in turn will be used for the state development, the Karnataka state government is not proceeding with this project.
The property tax in BBMP is calculated based on five zonal divisions- from A to E. The BBMP had issued a draft plan to eliminate this method under Section 144 of the BBMP Act, 2020 and opt for the guidance value linked method.
Factors impacting guidance value
Location: A property’s location has an impact on the guidance value. 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 t.o 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.
Impact of guidance value Bangalore on purchase of property
- 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, 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
Kaveri guidance value increased
Effective October 1, 2023,Karnataka has seen an increase in the guidance value up to 50%. This hike 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.
| Type | Guidance value increase |
| Agricultural land | Up to 50% |
| Sites | Up to 30% |
| Apartment | Between 5-20% |
How to calculate guidance value in Bangalore?
The Kaveri guidance value is calculated through surveys and evaluations of the state government. Also taken into consideration while estimating the guidance value is the location’s current market conditions and the potential that it has.
Step 1: Visit the Kaveri website at kaverionline.karnataka.gov.in to calculate guideline value.
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.
There are 42 Sub-Registrar Offices (SROs) in Bangalore Urban for assessing and regulating Guidance Value Bangalore. For rural areas, the Karnataka government has set up five SROs for assessing and regulating the Guidance Value Bangalore.
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 sqft. The sub registrar guidance value in Bangalore in that area is Rs 5,000 per sqft. So, home buyers can register the property at a rate between Rs 5,000-6,500 per sqft.
Now, suppose it was the other way around. That is, if the property was at the selling price of Rs 5,000 per sqft but the sub registrar guidance value in Bangalore 2021 was Rs 6,500 per sqft, Reddy would still have to register it at Rs 6,500 per sqft, because it is the minimum value.
Also read about cost of living in Bangalore
Kaveri guidance value vs market value
- Guideline value cannot be revised not more than twice a year. However, market rates fluctuate based on the market conditions and depends on the demand-supply ratio.
- Guideline value is the minimum value under which a property transaction can take place. However, the market rate is the rate that a property owner can demand while selling his property.
- Stamp duty is calculated based on guideline value and not on the market rate.
Stamp duty revised in Karnataka
| Instruments | New stamp duty |
| Power of attorney | Stamp duty is hiked from Rs 100 to Rs 500 |
| Certified copies | Stamp duty increased from Rs 5 to Rs 20 |
| Conveyance deed of amalgamation of companies | Stamp duty hiked to 5 % |
| Property partition for non-agricultural uses | Stamp duty is Rs 5,000 per share in urban areas
Stamp duty is Rs 3,000 per share in gram panchayats
|
Effective December 11, 2023 the stamp duty in Karnataka was revised. The stamp duty that will be paid for properties depends on the guidance value of Karnataka.
Registration offices in Bengaluru-Urban (zone-wise)
| Bengaluru east | Bengaluru west | Bengaluru north | Bengaluru south |
| Indiranagar, BDA Complex, Bangalore 560050.,
Telephone: 25634517 |
No.488 B-Block, Karnataka Industrial Area Development Board Building, 14th cross 4th Phase, Peenya 2nd Stage, Bangalore 560058.
Telephone: 28366091 |
Sree Rundhreswara Chambers, Yelahanka New Town, Bangalore 560064.
Telephone: 22959367 |
SLN complex, Near RTS Bus Stand, Mysore Road, Kengeri, Bangalore 560060.
Telephone: 28484159 |
| Domlur, BDA Complex, Bangalore 560038.,
Telephone: 25352907 |
Sri Rameshwara Temple Commercial Complex, Near Kannada Sahithya Parishat, IIIrd Main Road, Chamarajpet. Bangalore 560018.
Telephone: 26606641 |
K.R.Puram, Near Santhemaala, Bangalore 560036.
Telephone: 22959345 |
4th Block, Jayanagar, 12th Main Road, Near Jayanagar Complex, Bangalore 560041.
Telephone: 22959347 |
| National Highway, Manjushree Chambers, K R Puram. Bangalore 560036,
Telephone: 28472677 |
19/B, 2nd floor, V.K.Iyengar Road, Gandhinagar, Bangalore 560009.
Telephone: 22959353 |
No.69. Cholanayakanahalli, R.T.Nagar Post, Bangalore 560032.
Telephone: 22959322 |
Taluk office premises, Mini Vidhana Soudha, Anekal, Bangalore 562106.
Telephone: 27841096 |
| No.7402, 9th ‘A’ Main. II Cross, I block, HRBR Layout, Kalyan Nagar, Bangalore 560043,
Telephone: 22959335 |
Near Vijayanagara Bus Stand, 2nd Main Road, Srirampura, Bangalore 560040.
Telephone: 22959349 |
No.13, Laggere Main Road, Andanappa Building, Parvathi Nagar Bus Stand, Bangalore 560058. | No.1105-9C, Begur Village,
Bangalore 560019. Telephone: 22959328 |
| No.4, Jatar Circle Road, Whitefield, Bangalore 560066,
Telephone: 22959342 |
5th Block, No 1034., Near Dhobi Ghat, Rajajinagar. Bangalore 560010.
Telephone: 22959350 |
No.25, D.M.Chambers, 3rd stage, RMEL Road, Jawaharlal Nehru Road, RajaRajeshwari Nagar, Bangalore 560098. Telephone: 22959329 | No.1, Madanayakanahalli, Dasanapura Hobli, Bangalore.
Telephone: 22959325 |
| RBMP Building, Near Ulsoor Lake, Tank Bund Road, Bangalore 560022.
Telephone: 22959369 |
No.40, IInd Stage, behind BDA Complex, Block I, Nagarabhavi, Bangalore.
Telephone: 22959315 |
Amrutha Nagara, Konanakunte.
Bangalore 560062. Telephone: 22959330 |
Additional District Registrar, BDA Complex, Kumara Park West, Bangalore 560001.
Telephone: 22959343 |
| 1st floor, B M Complex, Mustandra Road, Opp. Dharmarayaswamy Temple, Varthur, Bangalore 560087.
Telephone: 22959198 |
No.11, I Main Road, Guttahalli,
Bangalore 560003. Telephone: 22959357 |
No.4, Survey No. 33/4A, B H Road, Dasanapura Dakhle, Devannapalya, Bangalore North Taluka.
Telephone: 22959326 |
|
| No.46, Next to Anjan Theatre, Magadi Road, Kempapura Agrahara, Bangalore 560023.
Telephone: 22959367 |
No.111, 9th Main Road, 3rd stage, Pillanna Garden, Kacharakanahalli, Bangalore 560045.
Telephone: 22959321 |
H C Puttaswamy Layout, Hesaraghatta, Bangalore North Taluk. Bangalore 560088.
Telephone: 28466100 |
Bangalore South Taluka, APCM Society, Kanakapura Road, Banashankari, Bangalore 560070.
Telephone: 22959331 |
| NH-7, Opp. Police Station, Bellary Road, Bangalore North Taluk. Bangalore 562157.
Telephone: 28467474 |
No.1943, Tavarekere Kengeri Road, Tavarekere, Bangalore 562130.
Telephone: 28430714 |
||
| No.70, 5th Main, Ganganagar, Bangalore 560 032.
Telephone: 22959359 |
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.
Telephone: 22959366 |
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.
Telephone: 22959341 |
||
| No.50/1. Church Street, Bangalore 560001.
Telephone: 22959354 |
See also: Know about posh areas in Bangalore
Registration offices in Bengaluru-Rural (zone-wise)
| Bengaluru east | Bengaluru north | Bengaluru south |
| Mini Vidhana Soudha, Hoskote, Bangalore Rural District 561203.
Telephone: 27934525 |
Taluk Office Premises. Devanahalli, Bangalore Rural District 562110.
Telephone: 27681021 |
Mini Vidhana Soudha Building, Magadi, Bangalore Rural District 562120.
Telephone: 27746750 |
| Mini Vidhana Soudha Taluk Office, Doddabllapura, Bangalore Rural District 561203.
Telephone: 27626876 |
Taluk Office Premises, Mini Vidhana Soudha Building, Kanakapura, Ramanagar District 571511.
Telephone: 27255412 |
|
| Mini Vidhana Soudha Building, Nelamangala, Bangalore Rural District 562123.
Telephone: 27724110 |
Taluk Office Premises, Old B M Road, Ramanagar, Bangalore Rural District 571511.
Telephone: 27276270 |
|
| Taluk Office Premises, B M Road, Channapatna. Bangalore Rural District 571501.
Telephone: 27255412 |
See also: All about stamp duty charges and registration charges in Bangalore
How to apply for a stamp duty refund in Bangalore?
Note that stamp duty value varies across states and the process to apply for a stamp duty refund is also different. If the prospective buyer submits an application for a refund by providing documents, he will get a stamp duty refund of 98%. However, an application for a refund in stamp duty is to be deposited by the buyer.
Documents required for stamp duty refund
The following documents should be submited along with the application for cancellation
- Original sale document that contains agreement details
- Original cancellation deed of the property that was going to be purchased
Housing News View Point
For people planning to invest in property in Bangalore, it is recommended to know the latest guidance value in advance. This will make an impact on the stamp duty they will have to pay. Note that the value for all buyer categories including male, female and joint (male and female) will be same.
FAQs
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 2024?
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.
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.
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.
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.
Guidance value is also referred to as guideline value. It is the minimum value at which a property registration takes place. Should I register property at guidance value or market value?
Why are there different guidance values of a property in the same city?
Where do I find information regards guidance value in Bengaluru?
Are guidance and guideline values the same?
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: [email protected]
