How to asses market value based on guidance value?

[plotcrazy]

Friends

just wanted to know as how asses the current market price of pots/apts with guidance value of the parameter.

What i observed was market values are generally or almost double or more than that.of guidance value.is it area dependent or development dependent curious to know.

with the recent hike in guidence value market values also may increase by 20 to 30% i felt.i may be wrong here.

Any inputs w.r.t assesment will be really helpful to arrive at a reasonable conclusion for buyers especially because RE agents may just jack it up unreasonably

Thanks in advance

Regards
PC

[msn1270]

There is no logic to co-relate guidance Value vs market Price to any of the area.
Everything is controlled by the middlemens who directly or indirectly decides a price
for an area/asset and others simply follows it. It only depends on the wish of the Seller
& capacity of the Buyer(choice).

[jpnagarprop]

"with the recent hike in guidence value market values also may increase by 20 to 30% i felt.i may be wrong here."
-- I don't think so. Its being a while guidance value has not being revised and gap b/w market and guidance value increased. Every time guidance value is increased to reduce this gap to some extent. Once government did reduce guidance value during recession since no transaction was going around and to encourage buyers.

[Lekhya Sindhura]

Is there a website, where we can check the Guidance value / Market value of an area in Bangalore.
This would be really helpful . Can anyone share the same. .

[civil88]

You can get the info from the below website:
http://www.karnataka.gov.in/karigr/aspx ... fault.aspx

However, it is very cumbersome to select the appropriate fields in the drop-downs of the above page. For example, there is no 'Bangalore Urban' in the first field, so you need to select something like SivajiNagar or RajajiNagar to locate your property. If you are lucky, you may be able to drill down to your property location successfully.

[kunalsd]

Hi,
Does anybody have the link to the newly published Guidance Values [for Bangalore Urban - all areas] by Govt. Of Karnataka which will become effective shortly?

Regards,
Kunal

[Lekhya Sindhura]

Could anyone let me know when will the new guidance values come into effect.
I heard some saying by Aug 1, and some by Aug 15 th...
I have to get a site registered by Aug 8, and also the registration offices are not doing any registration now.
Apparently they have put registrations on hold .
Kindly let me know if anyone else is facing the same problem or any clarification on this is highly appreciated.
Thanks,

[shubhamshak]

http://www.karunadu.gov.in/karigr/Banga ... 0Value.rar

Note: This is a provisional list. However, major changes are unlikely in the final version. New guidance values are applicable from Aug 1.

[Lekhya Sindhura]

Thank you all .. The links proved to be useful. I got the information I was looking for.

Also, would like to know the procedure for obtaining khatha Certificate online.
I have a hard copy of the same, but the soft copy is mandatory now for registrations.
Appreciate if anyone could provide some pointers regarding the same.