Anxious property buyers queued up before the sub-registrar’s offices across the city on Wednesday and Thursday, as the guidance value for property taxes is all set to increase on April 1.
The sub-registrar offices were hard-pressed to attend to the surge. “We usually see around 40 people a day but on Wednesday I must have personally attended to more than 250. However, since we had only a half-day on Thursday, the crowd was lesser,” said Sub-registrar Shanta Kumar in Banaswadi.
A staffer at the Domlur sub-registrar’s office said that people had queued up as early as 6 a.m. in the hope of not having to pay the revised amount.
“On an average, we get around 50 persons, but for the past few days, it has been over 100,” he said.
The guidance value is the base rate for fixing stamp duty and other charges to register an immovable asset. And, the revised guidance value will be coming into effect on April 1. In some places, the guidance value has increased almost 80 per cent.
