Monday, March 2, 2009

What is Guideline Value of Land and How is it related to Market Value ?

When registering a property transaction, the stamp duty and registration charges are subject to the Guideline Value of the property, which may usually be lower from the Market Value of the property. 

Registering a property at a value higher than the Guideline Value does not automatically raise the Guideline Value, though it can act as a trigger to the process.

Similarly, if the Guideline Value is perceived to be higher than the Market Value, that can also be corrected by proper procedures.

For more details refer to..

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