Immovable property: Value appreciation for peripheral property, agricultural land as per revised guideline value
Sadashivanagar has 'High Value', Jayanagar got 'Commercial Area' feather
Kere Manjunath ಕೆರೆ ಮಂಜುನಾಥ್
BENGALURU: Sadashivnagar is one of the highest value localities in the city with a reputation as a prestigious residential area. surpassing M.G. Road, Cunningham Roads, Jayanagar has become the most expensive 'Commercial Area'.
As per the Revised Guideline value of Assets effective from October 3, the value of residential area is highest in Sadashivnagar. Sankey Road, Sadashivnagar properties are priced at ₹3.02 lakh per sq.m. In Acchaiah Shetty layout, the price is ₹2.96 lakh per sq.m., while in Palace Lower Orchards in this area, the rate is ₹1.43 lakh per sq.m. Assets on 11th Main Road, Jayanagar 4th Block fetched ₹2.76 lakh per sq.m, which is high in this segment.
The guideline price for commercial plots from Cosmopolitan Club Circle to 11th Main Road in Jayanagar is ₹5.36 lakh per sq.m., which is the highest in the urban district. 5.03 lakhs in Jayanagar's 27th cross and 30th cross. 9, 10, Main road, 33rd, 36th, 46th Avenue, 100 Feet Road, South End, etc. The price of commercial plots in this vicinity ranges from ₹4.65 lakh to ₹3.65 lakh.
₹ 3.62 lakh per sq.m for commercial plots in prestigious commercial hubs of the city such as Cunningham Road, MG from Kasturaba Road to Trinity Circle. ₹.3.15 lakh for roadside commercial plots. Beyond the value of both these areas, Jayanagar is the highest value 'Commercial Area'.
Mahadevpur, K.R. Residential and commercial areas in Pura and Varthur areas have seen a substantial increase in guideline rates and value has also increased. In addition to this, the guideline price for agricultural land is in crores per acre. ₹13 crore per acre for agricultural land adjacent to Doddenekkundi Ring Road in Mahadevpur.
Guideline values are fixed in a separate category for apartments and villas. ₹ 2.86 lakh per square meter in Gandhinagar, ₹ 2.06 lakh in Sadashivnagar. ₹1.33 lakh in Jayanagar. Villas in Hersaghatta and Varthur area are of special category and cost more than ₹1 lakh per sq.m.
15 to 30 percent increase:
After five years, the government has revised the guideline values for immovable property, increasing it by 15 to 30 percent. According to real estate experts, the guideline price of residential plots has increased by 5 to 20 percent, the price of apartments by 10 to 15 percent, the price of villas by 10 to 20 percent and the price of agricultural land by 30 percent.
Where is the value of residential areas high?
(per square meter)
- Sankey Road, Sadashivnagar; ₹3.02 lakh
- OTC Road Avenue – Nagartarpet Road; ₹2.84 lakh
- Jayanagar 4th Block 11th Main Road; ₹2.76 lakh
- Malleswar Margosa Road, 15th Avenue, 8th Main Road Junction; ₹2 lakh
- Hosur Road; ₹1.98 lakh
- Bannerghatta Main Road; ₹1.91 lakh
- Rajajinagar Dr. Rajkumar Road; ₹1.81 lakh
- HSR Layout BDA Complex Road; ₹1.75 lakh
- Rajajinagar Bashyam Circle; ₹1.75 lakh
- Basavanagudi Kanakapura Road; ₹1.66 lakh
- RPC Layout 1st Main Road; ₹1.6 lakh
- JP City 15th Avenue; ₹1.44 lakh
- RR Nagar Jayanna Circle; ₹1.2 lakh
- Nagarabavi Outer Ring Road; ₹90 thousand
How much per acre of agricultural land?
- Around Doddanekkundi Ring Road; ₹13 crore
- Mahdepur Outer Ring Road; ₹12 crore
- Around Benniganahalli National Highway; ₹11.80 crore
- ITPCL; ₹11 crore
- Kundalahalli Junction to ITPL; ₹10.21 crore
- Kanakapura Road – Sarakki to Konnakunte; ₹9.99 crore
- Sarjapur Road; ₹9.88 crore
- B. Narayanpur Main Road; ₹9.51 crore
- Krishnarajpur National Highway; ₹9.4 crore
- Hagadur/ Hudi; ₹9 crore
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