| Term | Definition | |------|-------------| | | Government-assessed minimum value for stamp duty calculation. | | Market Rate | Actual price negotiated between buyer and seller. | | Guideline Value | Another name for Collector Rate (used interchangeably in MP). | | Registered Value | The value at which the deed is registered (≥ Collector Rate). |
The stamp duty and registration charges are applied to the of the two: the Collector Rate (Guideline Value) or the actual Market Value of the property. Collector Rate Mp 2024-25 Pdf
Previously, buyers and sellers would show artificially low prices to avoid taxes. The Collector Rate acts as an anti-evasion tool. The 2024-25 PDF sets a non-negotiable floor for valuation. | Term | Definition | |------|-------------| | |
A higher circle rate allows homebuyers to secure larger home loans from banks, as banks lend based on the higher of market value or collector value. | | Registered Value | The value at
: Locate and select the prominent Guideline Rate link situated on the right-hand dashboard of the homepage.
(Updated for the 2024-25 Financial Year)
For the 2024-25 cycle, the MP Revenue Department has deployed AI-based scrutiny to cross-check registered sale deeds against the Collector Rate PDF.