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Govt Rate for UB Towers flats a Sharp Decline of 200 per cent

Govt Rate for UB Towers flats a Sharp Decline of 200 per cent
The selling rate of apartments at UB Towers is Rs 30,000 to Rs 33,000 a sq ft. But the guidance value, released recently by the government’s stamps and registration department, puts the revised rate at Rs 10,000 to Rs 11,000 per sq ft. This shows that there is a sharp decline of whopping 200 per [...] Continue Reading »

Bangalore Corporation Planning to Raise Guidance Values

Bangalore Corporation Planning to Raise Guidance Values
The corporation is planning to hike guidance values by 20 to 30 per cent within the city and 10 to 150 per cent in the suburbs. BBMP officials say the correction is long overdue. The last revision was in 2007, and the state government says it has lost revenues due to under valuation of properties.  [...] Continue Reading »



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