Bangalore: Karnataka Government has implemented a market based guidance value system for the registration of property across all the districts in the state. The state government is now coming up with an official plan of starting this system in Bangalore city.The new market-based guidance values for the registration of properties will start from the 12 August for the Urban Bangalore. At current, guidance values are implemented in 25 districts of the Karnataka state.With the decision of the new guidance system, many builders and property buyers are rushing to complete the deals as the rates will go up once the new guidance value system comes into force. Property deals in Bangalore have suddenly risen up with an announcement that new guidance values would be revised across the state.Bangalore city registered about 1.65 lakh deals in the past four months with the revenue generation of about Rs1200 crore. Overall about 7500 properties get registered per day across the state which produces Rs19 crore and approximately 50 per cent of this revenue is fetched from the BangaloreCity.The districts where the guidance values are already revised have witnessed a drop down in numbers of property registrations. Areas like Anekal, Hoskote, Nelamangala, Rajanakunte, Magadi, Devenhalli and Kanakpura witnessed all time low registrations.Guidance value is the minimum value at which the property can be registered; increase in the guidance value proportionately increases the stamp duty value and property registration fees. The new guidance value system will fetch higher revenue for the revenue department of the Karnataka Government.займ на карту без отказов круглосуточновзять кредит онлайн