How to find out the market value of the property ?
Can you give reference to some good book?
adv. rajeev ( rajoo ) (practicing advocate) 01 December 2010
You will get the market value of the property in the Sub-Registar office of the concerned taluka/dist.,
unique horn (self) 01 December 2010
It differ from place to place. Only way is to get it from the Sub-register Office.
sanjeev narula (advocate) 01 December 2010
property market in india do not have any index the price is settled depending on the basic principal of demand and supply you can get the price from Registrar office only the amount paid in cheque, sale deed does not include the cash transaction which is almost 50-60 percent of the amount and incase of agri land 80% is cash element .
VIJAY MONGA (ADVOCATE) 01 December 2010
I am not agreed with this idea to go to the Sub-Registrar office to find the market value of the property because Sub-Registrar is concerned with the value fixed by the State Governments which is called Circle Rates. Circle rates are minimum rates of properties. In fact there is no parameter to assertain the true market value of a property. It really depends upon the principal of deman & supply.
SACHIN AGARWAL (ADVOCATE) 02 December 2010
The market value of the property is said to be the price at which the other party is ready to purchase the same. The Circle Rates can be found from the Sub-Registrar Office and not the market value.
The Government Approved Valuer can assess the market value.
SALA SATEESH (lawyer) 03 December 2010
to make u clear themarket value as known from the sub-registrar shall be useful in computing the registration charges only. it is a normal practice that everyone takes into the account of the prevailing market rates as furisnhed by the Sub-registrar's office since more than that shall be used for the purpose of availing the finance/loan from the banks.
Fact remains no citizen of India would like to mention the rate at which the land/ immovable is purchased because of payment of Reg. charges & stamp duty.
Government is also least bothered to implement the current prevailing market rates in order to cover those people who can evade payment of reg. charges and also from the clutches of IT.
Kailash Chandra Gupta (Director) 06 December 2010
Approved valuer can give the market value.Banks make advances based on their valuation.
Ramesh (-) 07 December 2010
In case of any litigation or for filing declaration/injunction suit, request you to clarify whether it is based on the 'Market Value' or on the 'Circle rates' which is used for arriving at the regn charges.
Ramesh (-) 07 December 2010
Oops..I forgot to mention. I meant to ask whether the court fee payable is based on 'Market Value' or 'Circle rates'(guideline value available at SRO).
SACHIN AGARWAL (ADVOCATE) 09 December 2010
For filing a suit the proeprty is valued at market value.
Y ARAVIND (ADVOCATE) 10 December 2010
Market value for alienation may differ from the market value fixed by the concerned Government. Similalry for Court fee it is the rate fixed by the Governement that would be considered.