The stamps and registration division has discovered a differentce of 60% between the steerage worth and market worth for websites in A number of City Heart. , Photograph Credit score: Sudhakara Jain
A revision of the steerage worth of properties in karnataka is now within the offing, giving the huege hole between the present steerage worth and the previving market values of properties. The transfer additionally comes at a time when the stamps and registration division
The distinction between the steerage worth and the market worth is especially stark on the town’s outskirts, the place demand for Agricultural Land for Actual Property Improvement Has Been Huga.
The market worth is a whopping 10 occasions that of the steerage worth and even in a number of areas in districts abutting bengaluru suppose as chickballapur, bengaluru south (formmerly Ramanagara), and bengaluru North (Previously Bengaluru Rural) Districts. The division’s data gathering has additionally discovered a differentce of 60% between the Steering Worth and Market Worth for websites in A number of URBAN CENTRES.
The final revision of the steerage worth within the state got here in October 2023, Whereas The Division’s Mandate permits it to revise the steerage worth yearly.
The gis-based steerage worth revision will offset the hole in revealed assortment, and the Valuation Course of is ready to start track, sources within the evaluation division stated.
Curbing Black Cash
“The proposed revision won’t solely assist enhance income but additionally curb the circulation of black cash available in the market. Market Worth, “stated the supply. Additional, Sources stated that farmers may benefit from the next steerage worth in the course of the acquisition of their Agricultural land or a greater worth for his or her land in every other transactions.
Sources stated that discusations are underneath to find out the extent of steerage worth enhancement. “Within the metropolis areas, the speed of enhancement for websites, homes, flats, row homes, and villas is being discused together with the quantum to be enhanced for agricultural land.”
It’s learnt that Contemporary Standards may very well be adopted this time to think about the quantum of enhancement of Steering Values for Properties Situated Nearer to Nationwide and State HIGHWES, DISTRICT RODS, and 80-Ft Roads. The dialogue can also be in regards to the enhancement of steerage worth for flats – wheether uniform charges must be utilized or if it must be primarily based on the prevaling market charge in the identical.
Digital Stamps
In the meantime, the division can also be taking a look at increments the relevage from the proposed implementation of digital stamps that can put together under-valuation in use of stamp paper within the non-reviews catalygory. With the cupboard not too long ago approoving the a khata coverage by which Personal Roads Resulting in Websites/Flats can be declared as public roads, Lakhs of Properties will get a khata, which there spurt in transactions, sources stated.
The division is hoping for Elevated Income Assortment When the Rural Improvement and Panchayat Raj Division Releases Draft Khatas for About 85 Lakh Properties this 12 months and URBAN Native Our bodies Drafts Drafts For About 30 Lakh Properties.
Revealed – July 27, 2025 09:20 PM IST
(Tagstotranslate) Stamps and registration division