BENGALURU: Karnataka revenue minister R Ashoka said on Friday the state government is likely to extend 10% cut on property guidance values for three more months, citing demand from people across sectors.
On January 1, the state government reduced the property guidance value by 10% for a three-month period in an effort to encourage people to register properties as soon as possible. It is applicable across the state to the purchase of property -- whether it is revenue land, a site, a building or a flat.
