The government in Karnataka, India, has officially raised the guidance value for property transactions by 15-30%. The guidance value determines stamp duty and registration fees, with buyers having to pay a 5.6% stamp duty and a fixed registration fee of 1%. The increase is expected to boost government revenue and property market values. The revised guidance value will be in effect from Sunday, and some areas could see an increase of up to 50%.https://ift.tt/TQAurUD