Guidance Value: Adarsh Palm Meadows
In 2020, BBMP revised the Guidance Value (also known as the Circle Rate) for several communities in Bangalore. Adarsh Palm Meadows was part of this revision, leading to a significant reduction in registration costs and tax liabilities for homeowners.
Understanding the Terms
Guidance Value: The minimum government-mandated price for property registration. Even if you buy for less, you pay taxes on this value. If you buy for more, you pay taxes on the actual sale value.
The goal is to align government rates with market reality, curbing black money and standardizing revenue.
The Revision Breakdown
Pre-September 2020
Flat Rate: Rs. 14,020 psft
Built-up: Rs. 1,325 psft
Post-September 2020
Tiered Rate: Variable by size
Built-up: Rs. 750 psft
| Plot Size Category | New Guidance Value |
|---|---|
| Small (Less than 2000 sq.ft) | Rs. 13,500 psft |
| Medium (2000 – 4000 sq.ft) | Rs. 12,500 psft |
| Large (Above 4000 sq.ft) | Rs. 12,000 psft |
* Note: 10% premium applies for corner plots.
Case Study: 5000 sq.ft Corner Villa
Old Calculation
Rs. 8.10 Cr
Based on Rs. 15,422 (Land) + Rs. 1,325 (Built-up)
New Calculation
Rs. 6.82 Cr
Based on Rs. 13,200 (Land) + Rs. 750 (Built-up)
This reduction in valuation provides massive savings for both parties:
- For Sellers: ~Rs. 25 Lakhs saved in notional Capital Gains Tax.
- For Buyers: ~Rs. 8.5 Lakhs saved in Stamp Duty & Registration charges.
Access our Calculation Sheet
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