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The Karnataka govt has reduced the real estate guidance value by 10% in Karnataka. Can we avail this reduction if the property registration is done at the market value which is more than the guidance value?
The Karnataka govt has reduced the real estate guidance value by 10% in Karnataka. Can we avail this reduction if the property registration is done at the market value which is more than the guidance value?
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PGN Property Management, Real Estate & Documentation Consultant with 21+ years of experience 
Answered on July 18,2023
No
We should pay the stamp duty and Registration fee based on the guidance value or market value, which is higher
In your case, the market value is higher than the guidance value so you should pay stamp duty and registration fee based on the market value
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