If you're thinking about buying a home at Godrej MSR City in Shettigere, North Bangalore, you may have heard the term "guidance value." It's one of those property terms that sounds complex but is actually easy to understand—and very important.

In simple words, guidance value is the minimum price set by the Karnataka government at which any property in a particular area can be legally registered. It's also called the circle rate or ready reckoner rate. This value directly affects how much you'll pay in stamp duty and registration charges when buying your flat.

Let's break it down clearly and show why this matters to you as a buyer at Godrej MSR City.

1. What Does Guidance Value Really Mean?

The guidance value is the government's base rate for land or apartments in each locality. It's the price below which a property cannot be registered legally.

Why does the government set this value?

1. To prevent people from showing a lower price during registration (to avoid taxes)
2. To make sure proper stamp duty and registration fees are collected
3. To keep real estate transactions transparent

In Karnataka, the Department of Stamps and Registration is in charge of setting and updating these values.

Is it the same across the city?

No. The guidance value changes from one neighborhood to another—even within the same area. It also depends on the type of property (flat, plot, commercial, etc.), how close it is to the main road, and the kind of development nearby.

2. Guidance Value in Shettigere (Godrej MSR City Location) – June 2025 Update

Shettigere, where Godrej MSR City is located, is part of the Devanahalli region in North Bangalore. This area is growing fast because of its closeness to Kempegowda International Airport, upcoming metro projects, and tech parks.

What's the latest guidance value in Shettigere?

In October 2023, the Karnataka government revised guidance values across the state. On average, values increased by 25–30%. In fast-growing areas like Shettigere:

1. Apartment guidance values went up by 5% to 20%
2. More increases are expected yearly, starting in April 2025

Current Estimate (June 2025):

1. For apartments in Shettigere, the guidance value is around ₹6,000 to ₹7,500 per sq. ft.
2. This depends on the block, street width, and exact location of the unit within the project

Tip: This is a general range. The exact guidance value for your unit at Godrej MSR City may vary slightly. Always ask the developer or your legal advisor to confirm it.

3. Market Price vs Guidance Value – Why There's a Big Gap at Godrej MSR City

One thing you'll notice is that the market price of homes at Godrej MSR City is much higher than the guidance value. That's totally normal for big projects by well-known builders.

Here's the difference:

1. Guidance Value: Set by the government for paperwork and taxes
2. Market Value: The actual price you pay, based on location, brand, and demand

Godrej MSR City Example (June 2025):

1. 2 BHK (1186 sq. ft.) → ₹1.18 Cr → Around ₹9,950 per sq. ft.
2. 3 BHK (1876 sq. ft.) → ₹1.84 Cr → Around ₹9,800 per sq. ft.

As you can see, the market price is ₹10,000+ per sq. ft., while the guidance value is still between ₹6,000 and ₹7,500 per sq. ft.

That's a big gap—but it's expected in fast-growing areas like Shettigere, where branded projects offer more than what the area's official rate reflects.

4. How Does Guidance Value Affect Your Godrej MSR City Purchase?
a) Stamp Duty and Registration Charges

This is the most important point. Your stamp duty and registration fee will be based on the higher of:

1. The sale price (what you actually pay)
2. Or the guidance value

At Godrej MSR City, the market price is always higher, so your charges are calculated on the full price you pay.

Example:

If your 2 BHK flat costs ₹1.25 Cr, and the guidance value is ₹80 Lakhs,

you'll still pay stamp duty and registration on ₹1.25 Cr—not the lower amount.

b) Tax Impact (If You're Buying Resale or Selling)

This doesn't usually affect buyers in new projects, but it's good to know.

1. If someone sells a property for less than the guidance value, capital gains tax is calculated on the higher guidance value.
2. In rare cases, if a buyer gets a resale property for more than 10% lower than the guidance value, that discount could be taxed as income.

But again—this doesn't happen in new launches like Godrej MSR City, where all prices are above the guidance value.

c) Property Tax

Your future property tax may also be affected. Municipal bodies sometimes use guidance values to calculate annual taxes. If guidance values rise, property taxes may go up too.

d) Bank Loans

When you apply for a home loan, the bank mainly looks at the market price. But they also check the guidance value to ensure your registration is legal. If your builder follows the rules, like at Godrej MSR City, you don't have to worry.

5. How to Check Guidance Value for Godrej MSR City Apartments

You can check the latest guidance value for Shettigere using the Karnataka government's official portal.

Simple Steps:

1. Visit: https://kaveri.karnataka.gov.in
2. Click on "Know Your Property Valuation"
3. Choose:
• District: Bangalore Urban
• Taluk: Devanahalli
• Village: Shettigere

4. Enter survey details or property type

The system will show the current guidance value per sq. ft.

If your project isn't listed, ask your builder's legal team. Godrej Properties will provide the exact value for your unit.

6. Godrej Properties: Transparency You Can Rely On

When you buy at Godrej MSR City, you don't need to guess or worry about whether your paperwork is correct. Godrej Properties provides:

1. A full cost sheet
2. Clearly mentioned sale value
3. Government-compliant registration process

All charges are applied on the right amount, following RERA rules and Karnataka laws. That means you avoid legal trouble later and enjoy peace of mind today.

Final Words: Why You Should Care About Guidance Value

1. It helps you understand your real costs—beyond just market price
2. It affects how much you'll pay in registration and stamp duty
3. It ensures your property purchase is legal and tax-compliant
4. It can help you compare properties and see where you're getting better value

At a large, trusted project like Godrej MSR City, you're paying for long-term value in a fast-growing part of North Bangalore. Knowing the guidance value simply makes you a smarter, better-prepared buyer.