What impact does increasing the Guidance Values have on the government? Since the government charges Stamp Duty and Registration Fees based on the value of the land being registered, a higher Guidance Value for the land means that the buyer must pay a larger amount of money through Stamp Duty (8% of registration value) and […]
What are Guidance Values?
Guidance Values The government considers land in each area of a city to have a certain value – this value is referred to as the Guidance Value of land for that area in the city. It is also referred to as the official cost of land and is the minimum value at which land in […]