The Guideline Value is the government-specified minimum value for land and property in a particular area. It is used as a benchmark for property registration, stamp duty calculation, and taxation. The value is determined by the state government based on factors like location, infrastructure, and market trends.
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Trusted by 4 lakh+ customersCan the guideline value of a property change?
Yes, the guideline value is revised periodically by the government based on market trends and development in the area.
Is the guideline value the same as the market value of a property?
No, the guideline value is the government-determined minimum value, while the market value is the price at which a property is bought or sold. The market value is often higher and depends on demand, location, and other factors.
What if the market value of my property is lower than the guideline value?
In such cases, the stamp duty and registration fees will still be calculated based on the guideline value, even if the market value is lower.
Can guideline value affect my property loan amount?
Yes, banks often consider the guideline value as one of the factors while determining the loan amount for a property.
What is the difference between stamp duty and guideline value?
The guideline value is the minimum property value set by the government, while stamp duty is a tax paid during property registration, calculated as a percentage of the property value.
