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The Ultimate Guide on the Market Value of Land -converted

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The Ultimate Guide on the Market Value of Land -converted

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  1. The Ultimate Guideon the Market Value of Land

  2. The marketvalue of properties published by the Department of Stamps and Registration on the other hand changes everyyear. Thisvaluealsodependsonlocalityandsome otherfactors. Itcanalsochangefromoneconstructionto anotherwithinthesamelocality.

  3. Guidancevalues,itisconsideredtobeoneofthemostprofitable revenue lines. There is a change in the guidance value, it will haveadirecteffectonthevalueofaproperty. Ahighmarketvaluedictatesanincreaseinthemarketvalueofthe property, just like a drop in the guidance value leads to a drop in themarketvalueoftheproperty. Itisimportanttounderstandthatthedemandinthemarketalone willnotbelinkedtotheguidancevalues. IstheMarketValueorGuidanceValueof Property alawaysIncreasing?

  4. Some other terms that are frequently used to talk about the same value, namely-MarketValueofLand,Guidance Value, Ready Reckoner Rate (alsoknown as RR Rate and is commonly in the state of Maharastra), and Circle Rate ( widely used in various North Indian cities like Delhi andNoida). VariousTermsfortheMarketValueofLand

  5. Themarketvalueisthelowestpriceatwhichapropertycanbe sold.Overtheguidancevalueis theminiumamountatwhicha property is eligible for registration in a locality. Therefore, no propertycanbesoldatapricelowerthanthemarketvalue. People from other states might be confused when you use the termguidancevalueofaparticularpropertybecausetheterms varyfromstatetostate. Allkindsofpropertiesinalocalitymustbeassignedwitha guidancevalue. The Market Value of a property is established by a scientific methodbytheStateGovernment,thesellercansetapricethat ishigherthanthemarketvalue. SomeImportantFactsaboutthe Market Value ofLand

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  7. ThankYou!

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