Bangalore’s Guidance Value 2024: Calculations, Property Transactions

Guidance Value in Bangalore is governed by the Department of Stamps and Registration, Karnataka. It is also known as the Ready Reckoner (RR) rate or the Circle rate in other states. Guidance Value is calculated for both land parcels and built-up buildings. In the case of plots, the value is calculated based on the available land area, omitting any built property. The value assigned to built properties, including land, is called composite value.

What is Guidance Value in Bangalore?

The Guidance Value is the very least that a homebuyer must spend on a property. There is, however, no upper limit to the highest property price (market rate) at which a property can be sold. The overall amount that a homebuyer pays for a property, including amenities and other infrastructure, is known as the market rate. The market rate of a property is clearly greater than the Guidance Value. Stamp duty and registration fees are computed on the Guidance Value and are the Karnataka government’s principal source of revenue.

The State government revises the guiding value annually to close the gap between the two. However, the most recent modification in guiding value, which will take effect on October 1, 2023, will take place after five years. The increase in value assists the government in raising more income through stamp duty and registration fees. Reducing the difference between Guidance Value and market rate also aids in the reduction of black money circulation in the real estate sector. Any upward change to the Guidance Value leads to a rise in the property’s market price.

How to calculate the Guidance Value in Bangalore?

The procedures to compute the Guidance Value in Karnataka are shown below –

• Visit the KAVERI website or search for ‘Know Your Property Valuation’.
• Select the district, taluka, area name, and village from the drop-down menu.
• Choose the property usage category and total area, as well as the measurement unit.
• The values will be shown on your screen.

There are 42 Sub-Registrar Offices in Bangalore (Urban) for evaluating and regulating Guidance Value. The State government has established five Sub-Registrar Offices in rural regions.

Per Sq Meter Guidance Value in Bangalore

Localities in Bangalore	Guidance Value (Rs/sq meters)
B.M. Sri Nagar Cross Road	Rs 28,000
Vani Vilas Market to D. Banumaiah Circle	Rs 32,000
K.R. Circle to Ayurveda Hospital Circle	Rs 1,15,000
RMC Circle to Highway Circle	Rs 32,600
Banumaiah Circle to KR Circle	Rs 68,200
Ayurveda Hospital to RMC Circle	Rs 49,100
Kumbarakoppal Crossroads	Rs 9,600
Kumbarakoppal South Side	Rs 13,000
Srirampura First Stage	Rs 23,000
Metagalli Main Road	Rs 18,300
Ambedkar Colony	Rs 3,500
Kumbarakoppal Main Road	Rs 1,29,000
Kumbarakoppal Inner CrossRoads	Rs 9,900
Kumbara Koppal Colony	Rs 6,500
Gokulam Main Road	Rs 38,400
Gokulam Cross Road	Rs 19,800
Gokulam Third Stage	Rs 28,000
Contour Road EWS	Rs 19,700
Bogadi First & Second Stage	Rs 28,000
Srirampura Second Stage	Rs 24,000
Hale Ooru	Rs 8,500
B.M. Sri Nagar Main Road	Rs 10,100
Karakushala Nagar	Rs 5,400
Gokulam First and Second Stage	Rs 25,000
Gokulam Fourth Stage	Rs 20,000
Karnataka Slum Development Board Houses	Rs 8,600
Janatanagar	Rs 11,800

Also Read: RERA Karnataka: Services, Registration Process, Fees & Charges

What elements affect Bangalore’s guidance value?

Bangalore’s guidance value is impacted by several factors. Among them are:

Demand and Supply of Properties: A property’s overall value depends on the level of demand for it. In a region where there is a great demand for real estate, the guideline value will be high.

Amenities: The facilities in a certain area have an impact on a property’s guidance value. A property’s guide value will be high if it is situated close to important facilities including parks, schools, hospitals, and retail centers.

Infrastructure: One important element influencing the guiding value is the infrastructure. A house in an area with good public transit and other facilities will fetch a higher guideline value.

Government policies: A property’s guidance value is greatly impacted by the actions of the government.  The government may revise the guiding value regularly to account for shifts in the market.

What effect does guideline value have on property transactions?

The guideline value has a significant influence on property sales. Here are a few examples of how the guideline value affects property transactions:

Stamp duty and registration fees: The guidance value is the lowest amount at which a property can be registered. As a result, the guideline value aids in determining stamp duty and registration fees relevant to a property. In this case, it indicates that a greater guideline value will result in higher stamp duty and registration fees.

Negotiation: The guideline value might be a valuable tool for bargaining in real estate purchases. Buyers might use the guiding value to negotiate a lower property value. The seller, on the other hand, might use the same to propose a greater price.

List of Sub-Registrar Offices in Bangalore (Urban)

The Rajajinagar District	The Basavanagudi District	The Shivajinagar District	The Gandhinagar District	The Jayanagar District
Rajajinagar	Basavanagagudi	Shivajinagar	Gandhinagar	Jayanagar
Yashwanthpura	Chamarajapete	Indiranagar	Malleswaram	Santhinagar
Vijayanagar	Banashankari	Halsuru	Ganganagar	BTM Layout
Srirampuram	Anekal	Banasawadi	Hebbal	Kengeri
Peenya	Attibele	KR Puram	Kacharakanahalli	Rajarajeshwari nagar
Laggere	Sarjapura	Mahadevapura	Byatarayanapura	JP Nagar
Nagarbhavi	Jigani	Bidarahalli	Yelahanka	Bommanahalli
Madanayakanahalli		Varthur	Jala	Begur
Dasanapura			Hesaraghatta	Tavarekere

List of Sub-Registrar Offices in Bangalore (Rural)

• Nelamangala
• Doddaballapura
• Devanahalli
• Nelamangala
• Hoskote

Latest Updates on Guidance value in Bangalore:

Following the state government’s rise in guideline value in October, the Bangalore Development Authority (BDA) may raise the cost of its housing units. According to BDA officials, a proposal to hike flat pricing by around 10% is scheduled for debate. It will be discussed in the upcoming BDA meeting, which is scheduled for the first or second week of December.

This possible increase comes at a time when over 1700 apartments across ten separate developments remain unsold, providing significant sales issues. Kommaghatta, Kaniminike, Doddabanahalli, Valagerahalli, Nagarabhavi, and Konadasapura are among the BDA developments. The proposed price increase will also apply to the Bangalore Development Authority’s ambitious villa project, the Puneeth Rajkumar Housing Complex, which is located in Hunnigere hamlet near Dasanapura in North Bangalore. This project is expected to have roughly 322 exquisite villas ready for sale by January 2024.

The guiding value rose by 10% in locations where the advice value and market rates are similar. However, it grew by 25-30% in places where market prices are 200 times higher than the property’s guiding value. The rates were altered because the legislation requires that there be no significant difference between market rates and advice values in the relevant area.

The amended prices will be introduced in Bangalore during Phase I and will be subsequently carried out in other districts following adequate consultation with sub-committees at each district level. Residents may also object to the new charges.

The government also provides refunds on occasion. Previously, a 10% discount was implemented to help the Karnataka real estate sector recover. This offer was formerly valid until March 31, 2022, but was later extended until July 31, 2023.

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