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.
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