What is govt.fixed property value?What is its impacat while selling or buying a property?



It appears that I may have to sell a property at less than govt fixed rate because the land is occupied by hut dwellers unlawfully. I wish to know how does a low price impact my taxes on gains ,etc.

What is govt.fixed property value?What is its impacat while selling or buying a property?
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3 Replies to “What is govt.fixed property value?What is its impacat while selling or buying a property?”


  1. You need to add your country. This woud not be the US, we are free capitolist, the government does not assign our property values, the buyers do.


  2. The Government fixes Guideline value for properties for the purpose of fixing the stamp duty or (registration charges) to be paid for registering the transfer deeds.
    It is done to prevent undervaluation of properties and consequent payment Government duties.
    It is usually borne by the buyer. If the transaction amount is genuinely less than the Guideline value the transacting parties are at liberty to pay the stamp duty as per actuals. But the sale document will not be released by the registering authority. It is will refer the same to the Revenue Department for ascertaining the genuineness of the value. You will be called upon to explain the basis for the valuation. If convinced the documents will be released. But the whole process may take a little longer time say six months to one year.





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