24-09-2023
Guidance Value Update: Garudachala Estates Stands by You
The Karnataka state government has announced plans to increase the guidance value in Bengaluru by 25%-30% on average, effective from October 1. This significant adjustment is expected to impact property transactions in the city. While this news may raise concerns among property buyers and sellers, Garudachala Estates would like to reassure our valued customers that we are committed to making this transition as smooth as possible for you.
What is guidance value?
Guidance value is a government-set price that is used as a reference point for property transactions. It is calculated based on factors such as the location of the property, its size, and its amenities. The guidance value is used to calculate stamp duty, registration fees, and other taxes associated with property transactions.
How will the changes affect property transactions?
The increase in guidance value is expected to lead to an increase in property prices. This is because the guidance value is used as a reference point for property valuations. When the guidance value increases, so does the value of properties. This means that buyers will have to pay more for properties, and sellers will receive more for their properties.
What can you expect from Garudachala Estates during this time?
Garudachala Estates is committed to helping our customers navigate the changes to the guidance value. We will provide you with up-to-date information on the changes, and we will work with you to ensure that you are not negatively impacted by them.
Here are some of the things that you can expect from us during this time:
1. Expert Guidance: Our team of real estate experts is closely monitoring these changes. We will keep you informed and provide expert guidance on how these adjustments might affect your property-related decisions.
2. Market Insights: As Bengaluru's property market undergoes this shift, we will provide you with valuable insights into how these changes impact property prices, investments, and opportunities.
3. Commitment to Fairness: Garudachala Estates has always operated with fairness and integrity. We will continue to do so by ensuring that our property listings reflect the most up-to-date and accurate guidance values.
4. Customer-Centric Approach: Your satisfaction is our priority. We are here to address your concerns, answer your questions, and provide personalized solutions that align with your goals.
While these changes may present new challenges, they also bring opportunities for savvy investors and homeowners. As the guidance value aligns more closely with market realities, it may pave the way for fairer property transactions and investments.
We invite you to reach out to our team at Garudachala Estates for any inquiries or assistance you may need during this transition. Our commitment to your real estate journey remains unwavering.
At Garudachala Estates, we look forward to continuing our mission of helping you find your dream property in Bengaluru's ever-evolving real estate landscape. Together, we'll navigate these changes and unlock the potential they offer.