Karnataka: Sub-registrar office timings extended as property buyers queue up ahead of guidance value hike
Krishna Byre Gowda announced on Friday. They will function on September 23, Saturday also, though it is a government holiday.
The minister's announcement followed a sharp jump in property registrations as the government has increased the guidance value of immovable properties as much as 30%, effective October 1.
Property buyers are rushing to sub registrar's offices to complete the registration process before October 1 to save on the additional stamp duty as well as the registration costs.
The Revenue Minister 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%.
