Joy Banerjee (Photographer) 23 August 2015
Subash M R (Advocate) 23 August 2015
From the facts narrated by you,it is presumed that Rs.2,100/- per sq.ft is the guidelines value,i.e.government rate for getting it registered,and Rs.3,500/- is open market rate,i.e.by that rate you are getting the flat.Here,eventhough,market rate is higher than the guidelines rate,you have option to get the flat registered according to the guidelines rate,that means you need not register according to the market rate but guidelines value and at the same time you will be saved certain amount in terms of stamp duty if you are registering according to the guidelines value.And determination of market value is depended upon demand and supply priciple.
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