Property deals in K'taka set to cost more as state plans 20% hike in guidance value
Bengaluru: Property transactions across Karnataka are set to become more expensive from April 1, with the state government initiating steps to revise the guidance value of land and buildings, a move that will have a direct bearing on stamp duty and registration charges.
Acording to sources in the government cited by Deccan Herald said the average increase in guidance value is likely to range between 15 per cent and 20 per cent, though a final decision is yet to be announced. The Department of Stamps and Registration has been instructed to complete the necessary formalities and publish the draft revised rates at the earliest.
A senior official told Deccan Herald that existing rules permit annual revision of guidance value in view of rising property prices. The last revision was carried out in October 2023 and the process for the current revision began after a meeting of the Central Valuation Committee on January 12.
Officials associated with the exercise were quoted as saying that the proposed revision aims to narrow the gap between prevailing market prices and government-notified guidance values. They maintained that the exercise is routine and not directly linked to the state’s revenue position.
The state had initially set a target of ₹28,000 crore from property registrations, which was later reduced to ₹25,000 crore. The reduction was made following difficulties in registrations after e-khata was made mandatory. Noting that property registrations typically increase in the closing months due to tax considerations, officials indicated that there is currently a shortfall of around ₹3,000 crore, which they expect to bridge by the end of the financial year.
An upward revision in guidance value would raise the minimum value at which properties can be registered. At present, buyers pay 5 per cent of the guidance value as stamp duty, 2 per cent as registration fee and 0.60 per cent as cess and surcharge, taking the total levy to 7.60 per cent.
Deccan Herald quoted Suresh Hari, former secretary of CREDAI, as saying that a revision in guidance value may be justified in line with market trends. He also cautioned that if it becomes the basis for calculating stamp duty, overall transaction costs for buyers would increase.
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Bearys education announces ‘campus connect & talent hunt 2026,' offers up to 100% scholarships
Mangaluru: Bearys Education has announced the launch of its “Campus Connect & Talent Hunt 2026,” scheduled to be held on April 11 at the Bearys Knowledge Campus near Mangalore University in Innoli.
The initiative, aimed at promoting academic excellence and student empowerment, will offer scholarships of up to 100 percent on tuition fees for meritorious candidates.
The programme seeks to identify and support students aspiring to pursue Pre-University Course (PUC), degree, engineering and architecture programmes.
The event is open to students from SSLC (Class 10), PUC (Class 12), Diploma and ITI streams, along with their parents. Organisers said the day-long programme will focus on guidance, engagement and opportunities for students planning their academic future.
A Talent Hunt Examination will be conducted on April 11 at 9.30 am, with eligibility extended to students completing SSLC and PUC in 2026. Based on their performance, candidates will be considered for scholarships of up to 100 per cent.
The event will also feature a career guidance and counselling session led by Ameen-E-Mudassar, CEO of CIGMA. In addition, a technical and science expo showcasing student-led innovations, along with a food festival, will be organised as part of the programme.
Organisers stated that the initiative reflects the institution’s focus on quality education, personality development and integrity, while marking over 120 years of educational service.
Interested participants can register before April 8 by scanning the QR code provided in the official announcement (provided below) or by contacting 89704 96949, 81239 04351, or 99000 66888.
