Karnataka Plans Up To 25% Hike In Property Guidance Value
Rates of property in key cities of the state will go up between 5 and 25 per cent as the Karnataka government plans to implement a hike in property guidance value this month. Among the cities where the guidance value would see the steepest hike are the state capital Bengaluru, Mangalore and Mysore. Rates were last hiked two years back in 2016. Through the hike that might come into effect in January next year, the state government aims to earn an additional Rs 1,000 crore as revenue.