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CFIP

Property Wholesaler

John Doe

Property Wholesaler

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City: Avon Park
State: FL
Country: USA

Guidance value is the minimum price of a property fixed by the government, and property registrations cannot go below this price. While the guidance value of a property is hiked every year, it was not raised last year because of the slump in the real estate market all over the country. However, with the property market on the growth path, there is a demand for a choice of residential options among new home-buyers. And the government envisages encashing on this trend by keeping the guidance value at par with the market rates. Justifying the move, Dr. K V Thrilok Chandra, Inspector-general of registration and commissioner of stamps, explains, "We have raised the guidance value by five to 25 percent. It has been done with the aim to bridge the gap between the present guidance value and the transactional value of a property."

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