Home |Property Registration | The Karnataka govt has reduced the real estate guidance value by 10% in Karnataka. Can we avail this reduction if the property registration is done at the market value which is more than the guidance value?

The Karnataka govt has reduced the real estate guidance value by 10% in Karnataka. Can we avail this reduction if the property registration is done at the market value which is more than the guidance value?

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PGN Property Management PGN Property, Real Estate & Documentation Consultant with 21+ years of experience verified
Answered on July 18,2023

No

We should pay the stamp duty and Registration fee based on the guidance value or market value, which is higher 

In your case, the market value is higher than the guidance value so you should pay stamp duty and registration fee based on the market value

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