The land rates of the government are not fixed rates. The rates are the value of the land that relies on certain factors. The factors include location, type of use, land size and market demand. In India, these factors are similar; a government declares a specific rate for each land. It is also called Guidance Value.
Bangalore is a demanding area for living by many people. The people choose to live in this city for its robust infrastructure and employment benefits. Due to the demands, the properties are highly-priced. The Karnataka Government imposed different land rates in the city of Bangalore in 2024.
To know the rates, an individual has to go through some specific steps. One can visit the KAVERI website and can get the rates. It will be visible on the screen by putting details of district, taluka, village name and property usage type.
Here are some of the government land rates in Bangalore 2024,
The Name of the Locality | Government Land Rates (in rupees & per sq meters) |
Ambedkar Colony | Rs 3,500 |
Gokulam Main Road | Rs 38,400 |
Contour Road EWS | Rs 19,700 |
JP Nagar | Rs 11,800 |
B.M. Sri Nagar Cross Road | Rs 28,000 |
Kumbarakoppal Crossroads | Rs 9,600 |
Srirampura First Stage | Rs 23,000 |
Metagalli Main Road | Rs 18,300 |
Hale Ooru | Rs 8,500 |
Karnataka Slum Development Board Houses | Rs 8,600 |
Kumbarakoppal Main Road | Rs 1,29,000 |
The above land rates are for 2024 and show that the localities of Bangalore have different government land rates. The variety in the rates is due to the demand, supply, amenities, features and regulations.
Let's look at the brief discussion of the elements that make the difference in the land rates.
Demand & supply: The value of the land depends on the demand and supply of the land. So, the value of the land is set by the government according to it.
Amenities: When more amenities are available around a land then the price is higher compared to other land rates. The amenities include access to schools, colleges, hospitals, etc.
Features: If roads, drainage systems, and infra are good in the locality government takes higher charges.
Government Regulations: The rates are revised every year as per the regulations and policies.
There are 42 sub-registrar offices for urban localities in Bangalore to evaluate and regulate these rates. Following and giving the money to the government is vital. A project and firm become more liable if it has given proper land rates to the government.
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