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Property prices set to rise in Karnataka as govt. hikes guidance value

[email protected] (DHNS)
October 16, 2014

Bangalore, Oct 16: Property prices may go up with the State government proposing an upward revision in the guidance value of immovable properties in Bangalore.

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The Inspector General of Stamps and Registration has notified the draft guidance value on October 7 and has given 15 days' time for the public to file objections, if any. The details of the revised guidance value has been hosted on its website https://www.karnataka. gov.in/karigr.

As per the proposed revision, the guidance value of the properties will see a hike between the range of 15 per cent and 26 per cent when compared to last year. This excludes revision in the rates of guidance value of various types of buildings.
The guidance value of converted (diverted) land with due approvals from the BBMP and the BDA on MG Road has been increased from Rs 15,200 per sq ft to Rs 17,000 per sq ft.

On Dickenson Road, between MG Road and Ulsoor, the guidance value has been increased from Rs 11,500 per sq ft to Rs 12,100 per sq ft and between Ulsoor to Kamaraj Road the rates have been revised from Rs 9,200 per sq ft to
Rs 10,000 per sq ft.

On Infantry Road, from Ali Askar Road to Central Avenue Building, the guidance value has been increased from 14,000 per sq ft to 14,700 per sq ft. On Lavelle Road, the rates have been increased from Rs 12,800 per sq ft to 13,500 per sq ft. In Jayanagar third block, from Ashoka Pillar to Madhavan Park, the guidance value has been hiked from Rs 8,000 per sq ft to Rs 10,500 per sq ft.

From Madhavan Park to South End Circle, the rate has been revised from Rs 8,000 per sq ft to Rs 10,500 per sq ft. On 9th main road in Jayanagar, the rates have been increased from Rs 12,000 per sq ft to Rs 14,400. In Jayanagar 4th Block, on 9th and 10th main roads, rates have been revised from Rs 13,000 per sq ft to Rs 16,300 per sq ft.

At Gandhi Bazaar in Basavanagudi, the value has been increased from Rs 8,000 per sq ft to Rs 9,200 per sq ft.

The government has also revised the rates for the sale of different types of buildings, which will add up to the revised guidance value.

The new guidance value of the ground floor of RCC buildings has been increased from Rs 1,300 per sq ft to Rs 1,600 per sq ft. The building value has been increased from Rs 80 per sq ft to Rs 300 per sq ft based on the type of material used in the structure.

The government has, however, not revised guidance value for apartments in the City.

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News Network
December 3,2025

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Mangaluru, Dec 3: A group of Congress workers gathered at the Mangaluru International Airport on Wednesday to welcome AICC general secretary K C Venugopal, but the reception quickly turned into a display of support for Deputy Chief Minister D K Shivakumar.

Venugopal arrived in the city to participate in the centenary commemoration of the historic dialogue between Mahatma Gandhi and Narayana Guru. The event, organised by the Sivagiri Mutt, Varkala, in association with the Mangalore University Sri Narayana Guru Study Chair, is being held on the university’s Konaje campus.

KPCC general secretary Mithun Rai and several party workers had assembled at the airport to receive Venugopal. However, the moment he stepped out, workers began raising slogans backing Shivakumar.

The university programme will be inaugurated by Chief Minister Siddaramaiah.

This show of support comes just a day after Siddaramaiah remarked that Shivakumar would lead the government “when the high command decides.” The chief minister made the comment after a breakfast meeting at Shivakumar’s residence—another public display of camaraderie between the two leaders amid ongoing attempts by the party high command to downplay their leadership rivalry.

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News Network
December 15,2025

Mangaluru police have arrested a 27-year-old NRI on his return from Saudi Arabia in connection with an Instagram post allegedly containing derogatory and provocative remarks about the Hindu religion, officials said on Monday.

The accused, Abdul Khader Nehad, a resident of Ulaibettu in Mangaluru, was working in Saudi Arabia when the post was uploaded, police said.

A suo motu case was registered at the Bajpe police station on October 11 after an allegedly offensive post circulated from the Instagram account ‘team_sdpi_2025’. Police said the content was flagged for being provocative and derogatory in nature.

During the investigation, technical analysis traced the Instagram post to Nehad, who was residing abroad at the time, a senior police officer said. Based on these findings, a Look Out Circular (LOC) was issued against him.

On December 14, Nehad arrived from Saudi Arabia at Calicut International Airport in Kerala, where he was taken into custody on arrival. Police said further investigation is underway.

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News Network
December 2,2025

Puttur: The long-cherished dream of a government medical college in Puttur has moved a decisive step closer to reality, with the Karnataka State Finance Department granting its official approval for the construction of a new 300-bed hospital.

Puttur MLA Ashok Kumar Rai announced the crucial development to reporters on Monday, confirming that the official communication from the finance department was issued on November 27. This 300-bed facility is intended to be the cornerstone for the establishment of the government medical college, a project announced in the state budget.

Fast-Track Implementation

The MLA outlined an aggressive timeline for the project:

•    A Detailed Project Report (DPR) for the hospital is expected to be ready within 45 days.

•    The tender process for the construction will be completed within two months.

Following the completion of the tender process, Chief Minister Siddaramaiah is scheduled to lay the foundation stone for the project.

"Setting up a medical college in Puttur is a historical decision by the Congress government in Karnataka," Rai stated. The project has an estimated budget allocation of Rs 1,000 crore for the medical college.

Focus on Medical Education Department

The MLA highlighted a key strategic move: requesting the government to implement the hospital construction through the Medical Education Department instead of the Health and Family Welfare Department. This is intended to streamline the entire process of establishing the full medical college, ensuring the facilities—including labs, operation theatres, and other necessary infrastructure—adhere to the strict guidelines set by the Medical Council of India (MCI). The proposed site for the project is in Bannur.

Rai also took the opportunity to address political criticism, stating that the government has fulfilled its promise despite "apprehensions" and "mocking and criticising" from opposition parties who had failed to take similar initiatives when they were in power. "Chief Minister Siddaramaiah has kept his word," he added.

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