Real Estate Forum on Govt Guidance Value

Latest Answer: Righ Sir, It is advised to go register as per market value and have peaceful nights sleep. Why? Because, when you sell your property in future , you have to pay the tax on the profits made. And the profit is decided by your cost of the house and the sell price. So lower the cost of your house, the higher the profits on paper for you in future. You might be aware of the fact that indexation is applied in case of real estate transactions and 20% tax is paid on the profit.

Latest Answer: Hi Mr Pavan, As per different sources, the new government at the Centre speaks in the right language .Business sentiments have improved in the wake of a stable government that is encouraging policies in terms of relaxation of FDI norms, and taking forward investment vehicles like the REITs. This is exactly the message builders have sent to the state government. In a document to state IT Secretary TK Ramachandran, builders said high land cost is an obstacle in bagging contracts from one large automobile firm and an IT company which are waiting to enter Tamil Nadu with plans to occupy 3 million sq ft.

Latest Answer: You can go to sub-registrar office, its guidance value is very less compared to what we are registering at, if we just go with the govt guidance value we can save good amount