The stamps and registration department found a 60% difference between the value of advice and the market value for sites in several city centers. | PHOTO CREDIT: SUDHAKARA JAIN
Revision of the value of the characteristics in Karnataka is now in reward, due to the huge abyss between the current value of the instructions and the prevailing market value of real estate. This step also comes at a time when the stamp and registration department showed the collection of lower income for several reasons.
The difference between the value of counseling and the market value is especially sharp on the outskirts of the city, where the demand for agricultural land for real estate development was huge.
The market value is an incredible ten -fold value of the instructions or even more in several places in the districts adjacent to Bengaluru, such as Chickballapur, Bengaluru South (formerly Ramanagar) and Bengaluru North (formerly Bengaluri rural). The collection of information of the Ministry also found a difference of 60% between the value of the instructions and the market value for websites in several city centers.
The last revision of the guidelines in the state came in October 2023, while the Ministry’s mandate allows him to revise the value of the instructions annually.
A GIS value revision based on the selection of income gaping and the valuation process will be started soon, the sources in the income department said.
A limitation of black money
“The proposed revision will not only help increase revenue, but also reduce black money circulation. Black money is exchanged whenever there is a huge difference between the value of advice and market value,” the source said. Sources have also stated that farmers could benefit from the higher value of counseling during the acquisition of their agricultural land or from a better value for their land in any other transaction.
Sources have stated that discussions are underway to determine the extent of increase in the value of the instructions. “In urban areas, there is a discussion of the degree to improve places, houses, apartments, ordinary houses and villas together with a quantum to be reinforced for agricultural land.”
He learns that this time, new criteria could be adopted to consider the quantum of increasing the instructions for real estate, which are closer to national and state highways, district roads and 80 feet. The discussion also concerns an increase in the value of the guidelines for flats – whether uniform rates should be used or if it should be based on the predominant market rate in this area.
Digital stamps
Meanwhile, the Ministry also focuses on increasing the income from the proposed implementation of digital stamps, which will prevent insufficient value in the use of stamps in the category of unregisable documents. Given that the Cabinet recently approved policy and Khata, on which private roads leading to places/apartments will be declared public roads, Lakhs will acquire Khata, which could lead to an initiative in transactions, sources said.
The department hopes for an increased selection of income when the rural department and the Panchayat Raj department issues the design of Khatas for about 85 lakh real estate this year and the city local authorities will release the design of Khatas for about 30 lakh real estate.
Published – 27th July 2025 21:20
