Registration Value or Guidance Value of the properties is under revision

The Stamps and Registration Department, Government Of Karnataka has begun a series of meetings and are deliberating the revision of property guidance rates or circle rates of the properties in the state of Karnataka to enhance the revenue through Registrations.

The property market is already under severe pressure due to demonetisation and the implementation of RERA coupled with the change of Government, with this revision, the market might be badly hit or the registrations might come down.