What is the market value of a piece of land?
Marketable land value or guide value of an asset is determined using documents maintained by state governments and is sometimes known as "circle rate." The lowest threshold at which properties for sale can be registered with each state government can also be registered at this amount, so the Department of Stamps and Registration provides records annually detailing this guidance or valuation value of marketable property in their state.
Guidance value is an estimate of the value of land published by the Department of Stamps and Registration each year and location, and can vary significantly due to factors like climate or other influences. Furthermore, structures within one area could alter these estimates significantly too.
Read More - https://www.indiapropertydekho.....com/article/51/what