Located in south of Bangalore, the Bannerghatta Road, also known as State Highway-87, is a connectivity hub along which many residential areas have developed and flourished over the years. In case you are planning to buy a house in one of these areas, you should know the circle rate of the area so that you can understand the financial liability involved in it.
See also: Guidance value in Kalyan Nagar, Bangalore
What is guidance value?
Guidance value is the minimum amount attached to a property or land by state governments in India. In Karnataka, the circle rate is popularly known as guidance value. In other states, the circle rate is also known as ready reckoner rate, collector rate, and district collector rate. States governments have the right to periodically revise (increasing or decreasing the rate) the circle rate to keep it close to the market value of the property.
Circle rate/guidance value in Bannerghatta Road, Bangalore
The Karnataka government has revised the guidance value with effect from October 1, 2023. After the revision, the following rates are applicable:
Main Road, Bannerghatta Road: Rs 1,20,480 per square meter (sqm)
Bannerghatta Main Road (Hosur Road to Dairy Circle): Rs 191,250 sqm
Fire Station compound, Bannerghatta Road, Bairasandra: Rs 1,83,600 sqm
Bannerghatta Main Road (Jayadeva Flyover to Dairy Circle, both sides): Rs 1,83,600 sqm
Bannerghatta Main Road (Jayadeva Flyover to Bilekahalli Dollars Layout): Rs 1,83,600 sqm
Bannerghatta Main Road commercial: Rs 4,39,080 sqm
Sampangiramanagara, Bannerghatta Road: Rs 52,900 sqm
Bangalore House Building Society: Rs 52,900 sqm
Krishnappa Garden: Rs 78,660 sqm
Crossroads, Bannerghatta Road: Rs 84,000 sqm
Shobha Magnolia: Rs 96,000 sqm
Uma Admirality: Rs 69,480 sqm
Pimanto Apartment: Rs 69,480 sqm
Dio Rhydum Apartment: Rs 81,360 sqm
Shiva Ganga Ishan Apartment: Rs 81,360 sqm
Mantri Apartment/NS Palya Road, Bannerghatta Road: Rs 1,08,000 sqm
Adharsh Vihar: Rs 96,000 sqm
Shobha Grandeur: Rs 1,08,000 sqm
How to check the circle rate in Bangalore’s Bannerghatta Road?
Step 1: Visit the Kaveri Online Services portal.
Step 2: To know about your property valuation, click on ‘Know Your Property Valuation’ on the home screen.
Step 3: The new page that opens will require you to fill in details like district, area, property usage, property type, and measurement unit. After filling in all details, hit ‘display valuation’ button.
Step 4: You will see the record of property valuation on the screen.
Step 5: Select the property type again to get a final valuation for your property based on circle rates.
Stamp duty in Bannerghatta Road for men in 2024
| Property cost | Stamp duty for men |
| Property above Rs 45 Lakh | 5% |
| Property between Rs 21 Lakh and Rs 45 Lakh | 3% |
| Property up to Rs 20 Lakh | 2% |
Stamp duty Bannerghatta Road for women in 2024
| Case | Stamp duty rate in Karnataka | Registration charges in Bangalore/ Karnataka |
| Man, woman, or joint owners (regardless of gender) buy the property | 3% on properties up to Rs 45 Lakh
2% on properties less than Rs 20 Lakh |
1% of the property value |
Registration charges for men/women in Bangalore’s Bannerghatta Road 2024
| Property cost | Registration charge |
| Property above Rs 45 Lakh | 1% |
| Property between Rs 21 Lakh and Rs 45 Lakh | 1% |
| Property up to Rs 20 Lakh | 1% |
See also: All about gift deed stamp duty
How to calculate the stamp duty, and registration fee?
Step 1: To do this, click on ‘Stamp Duty & Registration Fee Calculator’ on the Kaveri homepage, as shown in the image below.
Step 2: A new page will open that would ask you to select from various options — ‘Nature of Document’. Once you select your option from the dropdown menu, hit on ‘Show Details’.
Step 3: After doing this, the page will ask you to fill in additional details like the region of the property, the market value of the property and the consideration amount. After filling in all details, hit ‘Calculate’. The stamp duty and registration charges for the property transaction would be visible on your screen as shown in the picture below.
See also: How to use various services on Kaveri portal?
Should you invest in areas along the Bannerghatta Road?
Areas along the Bannerghatta Road (Bannerghatta, Anekal, and Jigani, etc.) offer well-established residential living, where leading developers of south India have launched their housing projects.
“Bannerghatta Road is located along a wide range of hotels, supermarkets, ATMs, shopping centers, business centers, pharmacies, and department stores. Some schools near Bannerghatta Road are Chrysalis High, Vibgyor High, the AECS Magnolia Maruthi Public School, and the Radcliff School. Bannerghatta Road also hosts numerous IT companies and tech parks. Divyashree Tech Park, IBC Knowledge Park, and Kalyani Magnum are five minutes away from the stretch. The Bannerghatta Road is closely located to famous tourist spots like Bannerghatta National Park, the Pearl Valley, St. Mark’s Cathedral, etc. With all close amenities within arm’s reach, Bannerghatta Road is an excellent place to live in,” suggests Housing.com locality description page.
Those interested in investing here would find several multistorey buildings by developers, such as Honey Properties, Mahaveer Group, SNR Square, and Opera Structures. Data available from Housing.com shows the average rate for properties in the area is Rs 10,556 per square foot. The average rent in the areas along the road is Rs 29,470 per month.
FAQs
What is circle rate?
Circle rate is the government-prescribed basic minimum value of properties and land under its jurisdiction.
Are circle rates and guidance value the same?
Yes, circle rate is another name for guidance value.
Are circle rates and district collector rate the same?
Yes, circle rate is another name for district collector rate.
Are circle rates and stamp duty the same?
No. Circle rate is the government-prescribed basic minimum value of properties and land under its jurisdiction. Stamp duty, on the other hand, is the tax levied on property transactions.
What is the current property rate in Bannerghatta Road?
Data available from Housing.com shows the average rate of property in the area is Rs 10,556 per square foot (psf). The average rent in the area along the road is Rs 29,470 per month.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
