Section 4 of Karnataka Stamp Rules, 1992

4. Manner of estimating the Market Value of Properties :- The Committee shall have regard to the following, while estimating the market value of the property. (a) In the case of lands. (i) Classification of the land as dry, garden, wet and the like; (ii) Classification under various classes of soil in the survey records; (iii) The rate of revenue assessment for each classification; (iv) Other factors which influence the valuation of the land in question; (v) Points, if any, mentioned by the parties to the instrument or any other person which requires special consideration; (vi) Value of adjacent land or lands in the vicinity; (vii) Average annual yield from the land for five consecutive years till the determination and nearness to road and market, distance from village site, its location in general, level of land, transport facilities, facilities available for irrigation, such as tanks, wells and pumpsets; (viii) The nature of crops raised on the land. (b) In the case of house sites. (i) The general value of house sites in the locality; (ii) Nearness to road, railway station, bus route; (iii) Nearness to market, shops and the like; (iv) Amenities available in the places like public offices, hospitals and educational institutions; (v) Development activities, industrial improvements in the vicinity; (vi) Land tax and valuation of sites with reference to taxation records of the local authorities concerned; (vii) Any other feature having a special bearing on the valuation of the site; (viii) Any special features of the case represented by the parties. (c) In the case of buildings. (i) Area of the land; (ii) Plinth area and built up portion in each of the storeys; (iii) Year of construction; (iv) Material of the wall and material of the roofing; (v) Locality in which constructed; (vi) Amenities provided such as water supply, electricity supply (ordinary or all electric), sewerage, well and garage; (vii) Rate of depreciation; (viii) Fluctuation in rates; (ix) Any other features that have a bearing on the value; (x) Property tax with reference to taxation records of local authority concerned; (xi) The purpose for which the building is being used and the income, if any, by way of rent per annum secured on the building; and (xii) Any other special feature having bearing on the valuation. (d) Properties other than lands, house-sites and buildings. (i) The nature and conditions of the property; (ii) Purpose for which the property is being put to use; and (iii) Any other special features having a bearing on the valuation of the property.