Understanding Market Value (also known as Basic Value) is essential in any real estate transaction in Andhra Pradesh. It determines the minimum value at which a property can be registered and how much stamp duty and registration charges you must pay.
This guide explains everything you need to know about IGRS AP Market Value / Basic Rates, how it’s used, how to check it online, and why it matters.
What is Market Value / Basic Value?
The Market Value (also known as Basic Value) is the government-defined minimum value of a property in a specific area. It is used as a baseline to calculate:
- Stamp Duty
- Registration Fees
For example, if a property’s market value is set at INR 5,000 per square foot, but the buyer and seller agree on INR 4,000 per square foot, the government registers the property at INR 5,000 per square foot for duty purposes.
This ensures fair valuation and prevents tax loss due to under-valuation of property transactions.
Why Market Value / Basic Rates Matter
Market Value affects:
- Stamp Duty Calculation: Higher market value means higher stamp duty.
- Loan Approval: Banks use it to determine loan amount.
- Fair Transactions: Prevents undervaluation in property deals.
- Legal Compliance: Government uses it as the standard for registration.
IGRS AP Market Value Official Definition
In Andhra Pradesh, Market Value (Basic Value) is determined and published by the Registration & Stamps Department (IGRS AP). It varies by:
- District
- Mandal
- Municipality / Revenue Ward
- Locality
- Type of Property (Residential, Commercial, Agricultural)
The market value is published every financial year.
How to Check IGRS AP Market Value Online
You can check the current Market Value in Andhra Pradesh easily through the official IGRS AP portal.
Step-by-Step Process:
- Visit the Official IGRS AP Website:
https://registration.ap.gov.in - Go to the Market Value / Basic Values Section:
Look for “Market Value / Valuation” or “Basic Value Search” in the services menu. - Select Property Location:
Choose:- District
- Sub-Registrar Office (SRO)
- Village / Town / Locality
- View and Download Market Value List:
The portal will display the basic rates applicable to that area.
These values are usually published in a PDF by fiscal year or as an online searchable table.
Direct Portal (if available):
https://registration.ap.gov.in/marketvalue (If not visible, use search on the main site.)
What Information Is Included in Market Value Rates?
A typical Market Value report includes:
- Location (Village / Town / Locality)
- Zone or Ward
- Property type
- Value per Sq. Ft (Residential / Commercial)
- Plot / Built-up rates
- Effective financial year
These rates help calculate statutory fees and taxes.
Stamp Duty and Registration Based on Market Value
In Andhra Pradesh:
- Stamp Duty is calculated as a percentage of the market value.
- Registration Fee is also based on market value.
For example, if the market value is INR 10,000 per sq. ft and the property size is 1,000 sq. ft, then the total value becomes INR 1 crore, and applicable charges are calculated on this basis.
Both buyer and seller must declare property value accurately, but the government uses market value as the base even if declared sale value is lower.
Annual Updates to Market Value
Market values are updated every year to reflect real estate price changes. Before a property transaction, always check the latest Basic Value list so you don’t pay wrong stamp duty or registration fees.
Why Market Value and Circle Rates Matter for You
- Legal Compliance:
Registration must use government declared value as minimum. - Accurate Tax Payment:
Helps you avoid penalties for under-valuation. - Loan Calculations:
Banks use it while deciding the loan amount. - Clear Property Valuation:
Helps both buyer and seller agree on a fair value.
Common Questions About Market Value
What if agreed sale price is less than market value?
The government still uses market value to calculate official duties and fees.
Does market value vary by location?
Yes. Market value changes by district, zone, locality, and property type.
Is Market Value the same as actual market price?
Not always. Actual market price may be higher or lower, but government uses Basic Value as the minimum official rate.
Official Links for IGRS AP Market Value
Use the links below for authentic and updated information:
IGRS AP Official Portal (Main):
https://registration.ap.gov.in
Market Value / Basic Value Search (IGRS AP):
Use the market value section on the IGRS portal to check rates online.
AP Government Main Portal:
https://ap.gov.in
If the direct Market Value link doesn’t open, visit the IGRS homepage and search for Market Value / Basic Value / Valuation Tables.
Conclusion
Understanding IGRS AP Market Value / Basic Rates is crucial for every property buyer, seller, and investor in Andhra Pradesh. It ensures that you pay the correct stamp duty and registration fees, helps secure bank loans, and keeps property transactions legally compliant. Always check the latest market value before confirming any deal.