Market Value of NIL, BASWAPUR, JOGULAMBA GADWAL

IGRS Market Value of NIL in Baswapur, Undavelly (Jogulamba Gadwal) – 2026 Rates

As per 2026 IGRS guidance values, the NIL market value in Baswapur village, Undavelly mandal, Jogulamba Gadwal district is classified as 01 (Residential). The notified land rate is Rs 600 per sq.yard. For apartments, the guidance value is uniform across floors: Ground floor Rs 1,300/sq.ft, First floor Rs 1,300/sq.ft, and Other floors Rs 1,300/sq.ft. These values are used by the registration department to calculate minimum stamp duty and registration fees, helping buyers and sellers benchmark a fair transaction value.

Is NIL a Premium or Affordable Pocket in Baswapur?

Within Baswapur, the NIL market value at Rs 600/sq.yd indicates an affordable residential locality rather than a premium-priced pocket. The flat apartment guidance of Rs 1,300/sq.ft across all floors also suggests stable, budget-aligned pricing without floor-based premiums.

Registration Cost Estimate (Example)

For a 100 sq.yard residential plot in NIL at Rs 600/sq.yd, the value is Rs 60,000.

• Stamp duty (4%): Rs 2,400
• Registration (0.5%): Rs 300
• Transfer duty (1.5% in municipal areas): Rs 900

Advice for Buyers in NIL

• Use the NIL market value as a baseline; negotiate based on road access, plot dimensions, and approvals.
• For flats, verify built-up area and document consistency since the rate is Rs 1,300/sq.ft across floors.
• Budget beyond guidance value for legal checks, encumbrance verification, and mutation-related costs.