BJP slams government for increasing guidance value of properties in Bengaluru
BJP on Wednesday slammed the Congress regime for raising the guidance value of immovable properties in Bengaluru by as much as 30%. The party said the Congress was now looking for new ways to increase tax revenues to fund its guarantee schemes after draining the State coffers within four months of coming to power.
The revision in the guidance value of properties have hurt the poor and middle classes by driving up the property prices.
The increase has cast a higher tax burden on people seeking to buy plots and houses, the party posted on social media platform X.
The Congress government has turned Karnataka into a ‘highest taxed’ state in the country while failing to implement the five guarantees it had pledged to voters.
Revenue Minister Krishna Byre Gowda on Tuesday announced that the guidance value of properties in Bengaluru will go up from October 1 by 25%-30% on average.
Plots near the national highways and in technology corridors such as electronic city, the jump in guidance value will be as high as 50%. The government has tried to align guidance value with the market value to the extent possible, the minister had said.
The government had not revised the guidance value for the past five years though the law mandates annual revision.
