Gottigere - South Avenue and Royal County etc

[ByJupiter]

I wanted to know what is the current rate in these layouts and nearby Gottigere/JP Nagar 8th Phase/Jumbo Savari.

I feel that agents generally quote 500-1000/sft more than the actual rates based on my very limited interaction with few of them. There are more houses in South Avenue than Royal County but the rates are more in Royal County which I guess is because its a BDA approved layout. From what I've gathered, ~2200/sft seems the going rate in South Avenue. Does anyone have a good idea regarding this?

PS: All the plots I enquired about have A Khata.

[yashmys]

30*40 costs 48 lakhs in Royal County

[prakashbask]

Royal County rates are between 3500-4000 per sqft. Brokers might be quoting more than that. I can see quotes which are touching 4500 per sqft.

[adroit]

Hi Jupiter,

I had seen some plots for 2500 in South avenue. if u have seen plots at 2200, then that is good i think.

can you send me the information of the owner or the agent if u r not pursuing those plots.


thanks
Vamsee

[ByJupiter]

adroit
No one has quoted 2200 in South Avenue but I'm just guessing that might be the correct figure to bargain for. I've got the reference of a trustworthy agent. He said he'll let me know in a few days about what to quote there. I'll let you know if I decide not to go for the sites that I've come to know of.

Also, any idea what is the guidance value there?

[ByJupiter]

I believe the guidance value is available in this link http://www.karunadu.gov.in/karigr/Valuation/MARKET%20VALUE.rar

Its not in English so perhaps someone can check and post the rate here.

[adroit]

Jupiter,

I think gottigere should be 1100 to 1200. In fact any layout on B.G.road after meenakshi temple is around this rate.

USUALLY i HAVE SEEN IN BANGALORE market value will be minimum of 2.5 times the govt guidance value.


thanks
Vamsee

[prakashbask]

@adroit, which layout on BG Road is 1100 per sqft?

[adroit]

I meant the govt guidance value and not the market value..


any layout after meenakshi temple should be around 1100 rs govt guidance value.


thanks
Vamsee

[nagarjunkatta]

Hi,

for Incity Layout, the guidance value is 1000/sft. Because recently my friend registered a site.. This layout is after Meenakshi mall(2.5 km from it) in Dodda kammanahali.

Cheers
Arjun