Guideline Value, also known as Circle Rate or Ready Reckoner Rate, is the minimum value at which a property is registered in official records. It is set by the government to prevent undervaluation of properties during transactions.
Why is Guideline Value Important?
- Fair Property Valuation: Prevents underreporting of property values during transactions.
- Revenue Generation: Ensures the government collects appropriate stamp duty and registration fees.
- Transaction Transparency: Sets a standard for property transactions, promoting fairness and transparency.
Where is Guideline Value Used?
Guideline Value is crucial in various contexts, including:
- Property Transactions: Forms the basis for calculating stamp duty and registration fees during property transactions.
- Loan Approvals: Banks may refer to guideline values when determining loan amounts against properties.
- Tax Assessment: Can influence property tax calculations.
How to Find Guideline Value in Andhra Pradesh using eSahayak?
- Visit eSahayak.io: Visit eSahayak website.
- Search Guideline Value: Search Guideline Value- Andhra Pradesh.
- Submit the deatils: Fill the details like Village/ division etc.
- Get the details: Get the details on your whatsapp within 24 hours.