As you aware the new guideline value has been in effect since Apr 2012. The impact is less in outskirts compared to CBD ( With in City). Most of the places with in CBD has been increased to 3 times. It creates misleading assessment to owners of resale apartments compared to market price. The owners taking UDS value per guideline value along with building value which exaggerate over all value of the apartment.
Though motive behind new guideline value is to increase the govt revenue and reduce black component, it is not implemented with proper planning. This would impact severely the number of transactions and would eventually impact the revenue!
Interested to know your experience with new guideline value.