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The Ultimate Guide on the Market Value of Land

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The Ultimate Guide on the Market Value of Land

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  1. The Ultimate Guide on the Market Value of Land

  2. The market value of properties published by the Department of Stamps and Registration on the other hand changes every year. This value also depends on locality and some other factors. It can also change from one construction to another within the same locality.

  3. Is the Market Value or Guidance Value of Property alaways Increasing? Guidance values, it is considered to be one of the most profitable revenue lines. There is a change in the guidance value, it will have a direct effect on the value of a property. A high market value dictates an increase in the market value of the property, just like a drop in the guidance value leads to a drop in the market value of the property. It is important to understand that the demand in the market alone will not be linked to the guidance values.

  4. Various Terms for the Market Value of Land Some other terms that are frequently used to talk about the same value, namely - Market Value of Land, Guidance Value, Ready Reckoner Rate (also known as RR Rate and is commonly in the state of Maharastra), and Circle Rate ( widely used in various North Indian cities like Delhi and Noida).

  5. Some Important Facts about the Market Value of Land The market value is the lowest price at which a property can be sold. Over the guidance value is the minium amount at which a property is eligible for registration in a locality. Therefore, no property can be sold at a price lower than the market value. People from other states might be confused when you use the term guidance value of a particular property because the terms vary from state to state. All kinds of properties in a locality must be assigned with a guidance value. The Market Value of a property is established by a scientific method by the State Government, the seller can set a price that is higher than the market value.

  6. Contact Us! sales@tvh.in 91769 27000 www.tvh.in

  7. Thank You!

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