When it comes to the sale of any property, all parties involved in the transaction (the buyer and seller) are required to pay the necessary stamp duty on various documents including the sale agreements. As a result, the state has established the computer-aided Administration of Registration Department (CARD), allowing citizens to access information through their website to determine the correct market value of a property in AP
Importance of Land Value Certificate
- The land value certificate is used to get property description details recorded on the Registration of Property
- The document is to provide the valuation of current land value as on date
- The Land value certificate is providing the year of valuation and the time of assessment
- The land value certificate is necessary to get a loan from the bank
How Does the Market Value in AP Vary?
The market value in AP varies due to various factors that determine the Guidance Values for different attributes in a given area.
For instance, Guidance Values can be used for agribusiness land, an apartment in a housing complex, a standalone villa, a plotted development project, and so on. The stage of development of a property determines the Guidance Values.
A property in a well-established neighbourhood will have a higher Guidance Value than one in a less developed locality or one in the early phases of development.
It is important to note that the state government determines the market value in AP of land based on studies and other factors. However, a seller has complete control over the price at which they sell a property. A buyer cannot compel a seller to sell their property at the Guidance Value, which is the AP land or property’s market value determined by the government.
Moreover, the stamp paper duty, registration fees, and property taxes on a property are all based on the guidance value. These taxes are a major chunk of a state’s revenue.
A Step-By-Step Guide to Finding the Market Value of Property Online In Andhra Pradesh
- Step 1: Visit the Andhra Pradesh Registration and Stamps Department’s website at http://registration.ap.gov.in/.
- Step 2: On the left-hand side of the menu, click on the ‘Market Value’ tab.
- Step 3: After selecting the ‘Market Value’ tab, you will be taken to a new website. From the drop-down menu, you may choose the property type, district, Mandal, and village.
- Step 4: After entering the details, the results will be presented on your device’s screen.
How To Get Market Value Certificate Online In Andhra Pradesh?
- To obtain a property valuation certificate, you must present photo identification such as a voter identity card or an Aadhaar card.
- You must go to the nearest sub-office registrar and sign the deed before the registrar after receiving your appraisal.
- The registration process can be time-consuming, so try an online calculator if you’re unsure where to start. The registrar will cross-check the calculation and update the document.
- If you are unhappy with the results, you should seek legal advice.
FAQs
What is an Agricultural Land Value Certificate in Andhra Pradesh?
The Agricultural Land Value Certificate is an official document issued by the Revenue Department of Andhra Pradesh. It certifies the current market value of a particular agricultural land parcel based on government records. This certificate is often required for legal, financial, and tax-related purposes.
Why is the Agricultural Land Value Certificate needed?
- Property sale or purchase transactions
- Agricultural loan applications from banks
- Legal disputes related to land value
- Property tax assessment
- Stamp duty calculation during land registration