Monday 4 November 2013

SPECIAL INFORMATION RELATING TO THE PROPERTY VALUE OF All THE OFFICES OF THE SUB-REGISTRAR'S




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11.      The following Values will be leived for the undeveloped converted lands

i)          Upto 5 Guntas                         The Value of the site of that area
            (including 5 Guntas)                  shall be leived.

(ii)        From 5 Guntas to                    after deducting 50% of the value
            10 Guntas of Lands                 of the site that are shall be leived. 

Site Value = The value of the site shall be leived for the land which is converted
for the said purpose (that is residential, commercial and industrial
purposes).

22.      The following Lands were converted for the specific purpose in which converted,
such lands alienated without development, such alienated lands shall be levied
more than the charges prescribed for the residental value in the following
manner,-

(a)        Converted for IndustrialPurpose       25%
(b)        Converted for ResidentialPurpose     50%
(c)        Converted for CommercialPurpose   60%

33.      Properties were not included in this Valuation list of Properties which were
attached to National Highways & State Highways more value of 50% and 25%
of the prescribed Value shall be levied.

44.      40% of more value of the Residential Value shall be levied to any of the
Commercial Sites in the area of the limits of Bruhath Bangalore Mahanagara
Palike, Dangalore Development Authority and House Building Co-operative
Society Properties the afore said value shall be levied.

55.      Properties were belonging to Gramatana Limit Commercial Sites Value shall
be levied 30% more than the prescribed Value of Residential Sites.

66.      10% more prescribed Value shall be levied to the corner sites and also sites
situated either side roads to the areas of the prescribed value of the Sites.

77.      Residential Value shall be levied to the already been declared as industrial
zones area properties and 50% rate of value shall be levied to the other areas
of Industrial sites the aforesaid value shall be levied.

88.      30% more Value of Flat Rates shall be levied to the Commercial Flats and for
Commercial (Malls) Complexes Value shall be levied more than 40% of the
Residencial Flat Values.

99.      25% site value shall be levied to the Open Terrace of Apartment/Garden
Areal Area of Executive usage.

110.  Revised Market Value shall be taken in to account as per the Revised Value
fixed under this list, if any Immovable Properties Value is not forth comming
such Market Value shall also be included under the provisions of Registration
Act U/s. 45(A)(1) of the Act, the same shall be given effect and enforced.

111.  Apartment rates giving in Annexure-2 will be equal to Super Buildup Area basic
rate; Apartment Total Value = Super Buildup Area Basic Rate + Additional
Floor Value + Additional Special Amenities Group Value.


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