The last revision of guidance value was carried out in 2018, which came into force from January 1, 2019
The State government is all set to revise the guidance value of properties shortly. The Department of Stamps and Registration has already started reassessing property values and will soon come out with a draft of the new guidance values.
Revenue Minister Krishna Byre Gowda said the last revision of guidance value was carried out in 2018, which came into force from January 1, 2019, which meant guidance value hadn’t been revised for four-and-a-half years.