Guidance Value for Properties Revised

Published: 22nd September 2015 04:25 AM  |   Last Updated: 22nd September 2015 04:25 AM   |  A+A-

BENGALURU: The Department of Stamps and Registration has issued a draft notification regarding the guidance value for properties in Bengaluru Urban, Rural and Ramanagaram districts.

The notification issued on September 14 has also invited objections to the values announced in the notification. Residents are being given a 15-day window to file objections regarding the same. According to sources in the Department, the guidance values set by the Central Valuation Committee have been increased by a minimum of 10 per cent.

The guidance values were last revised in 2011 and the recent revision is based on the hike in property prices in the city during the period, sources said.

According to the preliminary guidance values, localities under the Gandhinagar district registrar’s office have attracted the maximum value, with guidance value along OTC Road set at Rs 30,007 per square feet. Similarly, guidance value along Raj Bhavan Road and Sankey Road stood at Rs 25,000 and Rs 22,000 per square feet respectively.

Under Shivajinagar district registrar’s office, guidance value was highest for Commercial Street at Rs 19,806 per square feet, followed by the stretch of M G Road between Kasturba Road and Trinity Circle at Rs 19,556. In Jayanagar limits, values were set between Rs 15,000 and Rs 19,400.


According to the draft notification, residents who wish to object to the values can mail the same to Inspector General of Registration and Commissioner of Stamps and Chief Controlling Revenue Authority, Kandaaya Bhavan, 8th floor, K G Road, Bangalore-1 or e-mail it to

Stay up to date on all the latest Bengaluru news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp