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REgistration value for 20 X 30 site as per new guidelines
Posted: September 16th, 2013, 1:43 pm
by Anupama
Please inform the registration fee for 20 X 30 site as per the new guidelines if any body knows.
One more thing, We are planning to buy 20 X 30 site in SMV Layout 7th block, near Muddinapalya village. Please inform the sq. ft rate in this area. Your early reply is requested to finalize the deal.
Re: REgistration value for 20 X 30 site as per new guideline
Posted: September 16th, 2013, 2:37 pm
by msn1270
New Guidance value for Sir M.V Layout 1 to 4th Block is Rs. 2,000/sq.ft.
I feel same holds good for rest of the blocks also. Worst Case another Rs. 100 - 200 will be extra.
Regarding the price, in those areas, price starts at around Rs. 4000/sq.ft.
Recently in 6th Block, for a 20X30 East facing site(near to Muddainapalya circle),
an agent quoted Rs. 27 Lakhs(negotiable).
If you are not in a hurry, you can bargain with couple of more sittings/negotiations.
Re: REgistration value for 20 X 30 site as per new guideline
Posted: September 16th, 2013, 4:54 pm
by Anupama
Dear MSN,
How much % is registration charges, Rs. 2,000 X 600 = 12,00,000/- on this how much %
Please inform
Re: REgistration value for 20 X 30 site as per new guideline
Posted: September 16th, 2013, 6:51 pm
by jpnagarprop
Registration is (5.65 + 1)% of total guidance value. Please see whether its exactly 20x30. New BDA layouts will be in meters convert into feets to calculate.
Re: REgistration value for 20 X 30 site as per new guideline
Posted: September 16th, 2013, 7:46 pm
by prabhu422p
Guidance values(Govt. rate per sq.ft) have been increased from Aug 8th depending upon area.But registration charges(5.65%+1%) remain same.
Thanks
Prabhakar
Re: REgistration value for 20 X 30 site as per new guideline
Posted: September 16th, 2013, 11:24 pm
by niarhab
Your approx total expenses will be around 1 lakh rs ( which should include lawyer fees + bribe for reg ).
Re: REgistration value for 20 X 30 site as per new guideline
Posted: September 17th, 2013, 10:11 am
by Anupama
Dear All
Thanks for all of you for your quick reply
Re: REgistration value for 20 X 30 site as per new guideline
Posted: September 17th, 2013, 1:56 pm
by msn1270
Dear Anupama
your Min registration amount will be 600 sq.ft X 2000 = Rs. 12 Lakhs
1) Stamp Duty = Rs. 12 Lakhs X 5.52 % = Rs. 66,240/-
2) Registration Charge = Rs. 12 Lakhs X 1% = Rs. 12000/-
3) Document Preparation + Misc charges = App Rs. 6000-7000
4) Misc Charges = Rs. 400-600(You Will get receipt for this)
5) Total Charges = 66240 + 12000 + 7000 + 500 =Approx. Rs. 86,000/-
Note:
1) Before drawing the DD, get it confirmed from the Sub-Registrar Office.
2) You can register the property in any of the Sub-Registrar office across the state as per your convenience.
Need not to go for the sub-Registrar office to which the site belongs.
3) Above figure includes everything. Your Lawyer fees takes care of those extra things at the Sub- Registration office with the above figure.