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In Telangana, Land Market Value (also called as guideline value or circle rate) refers to the minimum rate set by the government for property transactions, serving as a benchmark to calculate stamp duty and registration charges. This valuation ensures transparency, prevents undervaluation, and aids in fair taxation.
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Trusted by 4 Lakh+ CustomersWhat is the difference between market value and stamp duty?
The market value is the minimum property value set by the government, while stamp duty is a tax paid during property registration, calculated as a percentage of the property value.
Can market value affect my property loan amount?
Yes, banks often consider the market value as one of the factors while determining the loan amount for a property.
Can the government market value be lower than the sale price?
Yes, sale price can be higher, but it cannot be lower than the notified market value during registration.
How is stamp duty calculated using market value?
Stamp duty is calculated on the higher of sale price or market value, at a fixed percentage.
How often is the market value updated?
Telangana government revises market values periodically based on market trends.
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