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- Hi Movieguy,
Anyone can sell the land at a higher price than the guideline value.
So now the seller is selling you the land at Rs 500 per sq ft. Now to help you get the loan what the trust does is they add additional charges like development charges etc and get the land price up to Rs. 500 sq ft (for the purpose of loan only) so that you can get loan at the mkt value of the plot. This is a tie up they have with the bank.
While registering the plot they would be registering it at the guideline value only.
This is what I understood from their procedure. Do let us know if you have any more details on this.CommentQuote0Flag