Bangalore: The property price in Bangalore is set to increase from 10 per cent to 100 per cent owing to the revisions in guidance values of properties across the city. New system will employ newer guidelines for the evaluation of guidance values of apartments and gated communities.Use of a new system for the evaluation of guidance value of properties across Bangalore will boost the revenue collection. Fresh guidance values will come into force by mid-August in Bangalore. Earlier, the revenue department had already revised guidance value of properties in 2011.Approximately about 50 per cent of total revenue of the revenue department comes from the city via registration fee and stamp duty or surcharge or cess. With the new system in force revenue department has predicted to reach revenue target of Rs 6500 crore in the current fiscal year. The revenue department had collected Rs 5265.44 crore in the preceding fiscal year.Any rise in guidance value of properties depends on the location and other several factors. Slum areas observed a rise of 10 per cent whereas central parts of the city witnessed a rise of 20 per cent in guidance value.The department has modified guidance values depending on the nature of transactions in a particular location. Areas which witnessed high transactions will possess higher guidance value. On the other hand, guidance value of areas with low transactions will be reduced accordingly.The new system also includes registration of villas and houses in gated community with a fixed guidance value. The guidance value for such villas and houses in eastern parts of the city will range from Rs 500 per sq ft to Rs 10,000 per sq ft.займ на карту без отказов круглосуточновзять кредит онлайн