How can I verify the market value of land in AP using IGRS?
The market value of a property is the assessed worth of land or property in a location by the State government. The property can be sold for less or more than the market value at the owner’s choice.
In Andhra Pradesh (AP), the market value of land is determined in order to calculate stamp duty and registration fees. If a property’s valuation is less than its market value, the latter is used to calculate registration costs. If the estimate exceeds the market value, the seller’s value is used to calculate registration fees.
How can I find out the market value of land in AP online?
- Step 1 : Go to the IGRS Andhra Pradesh official website.
- Step 2 : Locate and choose the ‘Market Value Assistance’ option on the left side of the main page, under the ‘Ease of Doing Business’ area. You will be sent to a new page.
- Step 3 : Locate a portion of boxes where you may select particular information about the district, Mandal, and village. Select one of the two radio options for non-agricultural and agricultural rates.
- Step 4 : The website will show the current market value of land in the specified district, Mandal, and village. Determine the suitable site and the market value of the land.
How can I determine the market value of land in AP without going online?
An application must be filed to the locality’s sub-office registrar’s (SRO) for offline market value information. On the same day of the registration, a computer-generated sheet is provided.
Factors that affect the market value of land in AP?
- Land classification (agricultural, non-agricultural, residential, commercial, among others)
- Property type (residential, commercial, complex, gated community, standalone, plots, and others)
- Locality phase of the project
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