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Guidance value of properties

Guidance value of properties

Guidance value is the price (usually price per square feet) quoted by government for properties in a particular locality. Property investment is not an easy thing. Calculating the guidance value of the property is a complicated issue. Before buying a property, considering the builder and locality are not the only things that need to be looked at, there are so many other formalities that an individual has to undergo before owning a property.

The price per sq.ft cannot be negotiated or quoted below the price defined by the government. This value is derived based on the population, development and other attributes of the locality.

The guidance value can appreciate or depreciate based on the locality. By raising the guidance value, Government expects higher revenue. Therefore, once in 3-4 years usually there will be an increase in guidance value.