how to calculate ready reckoner rate. Step 1: Log on to the IGRS website or click here. how to calculate ready reckoner rate

 
 Step 1: Log on to the IGRS website or click herehow to calculate ready reckoner rate Ready Reckoner Rates for the above property: Open Land – 24,580/- per Square Metre

Year: 2022 - 2023 Get Current Ready Reckoner Rate of district Mumbai minimum rate notified annunal by the Maharashtra State Government ASR for period 1/4/2022 upto 31/3/2023. Built-up area x the ready reckoner rate for apartments in rupees per square metre. Which helps to calculate the true market value of immovable property, i. 37%. e. IGR Maharashtra Ready Reckoner Rates. Year: 2022 Reckoner Rate Maval. Use the self-employed ready reckoner to budget for your Self Assessment tax bill for the 2023 to 2024 tax year. In India, different states use different words for the ready DLC rate. e. mt. Year: 2023 Reckoner Rate Kalyan. New Ready Reckoner Rates Mumbai has been announced by the state government, which will be applicable across the state for the financial year 2022 & 23. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative. Jantri rates in Ahmedabad Area Wise. tv assists in finding ready reckoner rates and to calculate the actual market value of any kind of real estate including residential, commercial, retail, industrial as well as land and plots across all the states, cities, towns, villages across India. Ready Reckoner Rate is the minimum value of the property that is fixed by the state government. land, residential, commercial and industrial properties for any area defined and published by government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in Marathi known as Bazaar Mulyankan Takta. Ready Reckoner Rate in Pune: Latest Update (May 2023) Before the new ready reckoner (RR) rate was introduced on April 1, 2023, daily property registrations nearly doubled in anticipation. Know all about ready reckoner rate meaning and Ready reckoner rates in Delhi. The Ready Reckoner Rate is a minimal property transaction rate published by the government via the sub-registrar office. You may find the exposure points easier to work with than the A (8) values:Ready Reckoner Rate Kothrud 2022. Step 3: Select District and Village from the drop-down menu. I. After getting true market value you can calculate stamp duty of the property as per the Article under Schedule – I of Maharashtra Stamp Act. Land. Ready Reckoner Rate. 60 lakh. Which helps to calculate the true market value of immovable property, i. However, on September 12, 2020, the state government announced a 1. open parking spaces x 40% of the ready reckoner rate of developed land in that zone. * We are updating property rates in Kolhapur. You can check the ready reckoner rates of Navi Mumbai by performing the following steps:-. e. 4 times the land rate as per Ready Reckoner keeping in mind the rate is for 1 F. e. vikramgad. Year: 2023 - 2024 Get Current Ready Reckoner Rate of district Pune minimum rate notified annunal by the Maharashtra State Government ASR for period 1/4/2023 upto 31/3/2024. This rate is considered to calculate the value of a property in Ahmedabad. Ready Reckoner Rate, also known as Circle Rate or Guidance Value, is the standard value of an immovable property assessed and regulated by the respective State Government in which the real estate is established. However, on September 12, 2020, the state government announced a 1. Ready Reckoner Rate. Procedure to check guidance value online in Chennai. We have explained in details how to calculate Market value of Property. Dutycalculator - New import duty and tax calculationDo you want to know how much import duty and tax you have to pay for your goods? Use Dutycalculator's new online tool to calculate the customs charges for over 200 countries and regions. 00. Depreciated building rate = Rs. Find the property’s built-up area and calculate its current market value. e. Ready Reckoner Rate Malad East 2022. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative. 2022 - 23. Also known as circle rate, guidance value etc. ft, and the circle rate in that area is Rs. Ready Reckoner Rate Ghatkopar 2023. On loading of a page, you will find a screen like this. Health & Education Cess – 4% of the Income Tax & Surcharge (replaced 3% Cess in the preceding year) Expenses that can be claimed only if mentioned in the Partnership Deed of the Firm. Ready Reckoner Rate 2021 Maharashtra Commence from 1st April 2021 to 31st Mar, 2022. It is a minimum property rate used to calculate the stamp duty. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. Online e-Stamp Duty Ready Reckoner which helps to calculate the true market value of immovable property, i. The ready-reckoner covers a range of vibration magnitudes up to 40 m/s2 and a range of exposure times up to 10 hours. Also known as circle rate, guidance value etc. Ready Reckoner Rate. In addition, the revised ready reckoner rate for Hyderabad has been set at Rs 75,000 per acre for agricultural land and Rs 1,000 per square. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in Marathi. Firstly we should understand what the difference between Ready Reckoner rates and Stamp Duty. The exact CO2 figure is always rounded down to the nearest 5 grams per km — except where noted in the table. ₹ 34467 /Sq. mt. e. 00%. Stamp Duty Online Calculator in Pune; 2. Year: 2022 Reckoner Rate Kalyan. e. Online Ready Reckoner Rate Raigad 2023. e. Ready Reckoner Rate Thane 2020. 80%. 5% of the property value. 5% of the property value. Online Ready Reckoner Rate Palghar 2021. Ready Reckoner Rate Girgaon 2022. ) Industrial (per sq. ₹ 30327 /Sq. In Maharashtra, the ready reckoner rate (RRR) or Circle Rate is the standard value regulated and assessed by the state government. Land. Ready Reckoner Guidelines-Mumbai 2016-17. The online Ready Reckoner calculation can be done on Carpet Area or Built-Up Area. 8% from April 1, 2022. You will find 3 options; a typed, drawn or uploaded signature. land, residential, commercial and industrial properties for any area defined and published by government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in Marathi known as Bazaar Mulyankan Takta. R. Stamp Duty Ready Reckoner Rate Mumbai 2021. In Maharashtra, it is almost impossible to sell a home below the ready reckoner rate. It is a complete video if you are looking to know more stamp duty. How to calculate ready reckoner rate?Here's a short introduction about myself, Hey, I'm known as Delphi. Circle rates in Karnataka are also known as the ready reckoner rates or guideline value of a piece of property. ↔. Step 4: Other details that you may. e. Stamp Duty Ready Reckoner. . Then, go to a Village or Zone. Road-facing shops are valued at the base ready reckoner rate but the shops that are not facing the road, are entitled to a discount of 20 per cent, for stamp duty valuation. Ready Reckoner Rate – What Do it Mean and How to Calculate It? July 7th, 2023 Getting Reckoner Rate is crucial in real succession transactions, providing a normalized method. Step 2 - Select the gender of the property owner from the dropdown list. Getty Images. 74% in ready. 4,000 per sq ft. Ready Reckoner Rate Thane 2023. While it is called as ready reckoner rate and circle rate in other cities, it is commonly referred to as guideline value in Chennai and the entire state. First, gather all the necessary documents and information required for filling out the ready reckoner rate Mumbai form. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative. 90 per cent, Panvel by 9. PropReturns does. e. 02. Online Ready Reckoner Rate Pune 2022. Similar to ready reckoner rates, office buildings, and commercials have higher rates while residential units have lower rates. tv assists in finding ready reckoner rates and to calculate the actual market value of any kind of real estate including residential, commercial, retail, industrial as well as land and plots across all the states, cities, towns, villages across India. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in Marathi known. We have explained in details how to calculate Market value of Property. 2022 - 23. In Conclusion - Goa Ready Reckoner Rates. The income tax laws further. MV/539/2014, dt:20. and per hectare rates under the Annual Statement of Rates (Ready Reckoner) 1. Use the NHS Pension Scheme Annual Allowance Tax Ready Reckoner to assess your annual allowance liability for 2023/24. Which helps to calculate the true market value of immovable property, i. e. The guideline value is determined based on the property type and location. Here is a list of the Jantri rates in top areas of Ahmedabad for a residential flat: Area (for flats) Price (per sq ft) of apartment. 2,180 – Rs. It helps calculate and estimate the overall elements involved in the house purchase. land, residential, commercial and industrial properties for any area defined and published by government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in. Year: 2022 Reckoner Rate Mulshi. IGR Maharashtra Ready Reckoner Rates. Ready Reckoner Rate in Thane. However the contents on this website are provided, maintained and updated by Department of Revenue, Govt. Year: 2021 - 2022 Get Current Ready Reckoner Rate of district Mumbai Suburban minimum rate notified annunal by the Maharashtra State Government ASR for period 1/4/2021 upto 31/3/2022. After. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. To the absolute disappointment of developers from real estate and builders, RR rates have been updated by an avg of 1. We have explained in details how to calculate Market value of Property. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. Learn about the Ready Reckoner Rate 2023 and how to calculate it in different regions of India. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is. You will be able to check both, old and new, DLC rates in Rajasthan. To calculate circle rate in Delhi, you can go to the official e-Circle Rate. We have explained in details how to calculate Market value of Property. mumbai city. 4 times the land rate as per Ready Reckoner keeping in mind the rate is for 1 F. The ready reckoner rate helps in calculating the market value of the property. Ready reckoner rates are fixed by the government of Maharashtra based on the area, size, and location of the property. Online Ready Reckoner Rate Raigad 2021 . Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. potential should not be considered again. Ready Reckoner Rate Mazgaon 2022. . For example, the rates are higher in posh areas when compared to areas that are still developing. 2020-21. 2001 sq. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. – Ready Reckoner Rates ­ Mumbai; – Jantri Rates Gujarat. mumbai city. The Maharashtra government on March 31 decided to increase the ready reckoner (RR) rates in the state by an average of 8. To know how to calculate RR rate read, Read Ready Reckoner Rate 2023 Recent Ready Reckoner Prices For All Types of Homes In Pune. e. e. The total useful life of the property is 30 years. Built-up area x the ready reckoner rate for apartments in rupees per square metre. . Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. Use the NHS Pension Scheme Annual Allowance Tax Ready Reckoner to assess your annual allowance liability for 2023/24. If it is a flat then use the formula-. We have explained in details how to calculate Market value of Property. The ready reckoner rate is applied on every type of real estate property. 2. land, residential, commercial and industrial properties for any area defined and published by government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in Marathi known as. Property Type. Year: 2021 Reckoner Rate Thane Tmc. We have explained in details how to calculate Market value of Property. 46, 640 and for commercial properties is Rs. For example, the rates are higher in posh areas when compared to areas that are still developing. property built-up area x ready reckoner rate for flats in Rs per sq m. 2020-21. e. Similarly, the floor rise premium on apartments in Pune for higher floors is: 11 th to 20 th floor – 10%. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in Marathi. Ready reckoner or circle rates: The income tax laws do not provide any guidelines on how the fair market value of a property has to be arrived at. While calculating the property values, all variations have been covered like (with lift, without lift, RCC Pukka, Semi Pukka, Age. To calculate circle rate in Delhi, you can go to the official e-Circle Rate. 2022 - 23. m. I hope now you have a clarity on market. The ready reckoner rate or circle rate is locally known as Guideline Value in Chennai, Tamil Nadu. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. We have explained in details how to calculate Market value of Property. This led to an increase in property registrations, and developers were hopeful that IGR Maharashtra’s ready reckoner rates could fall. Year: 2020 Reckoner Rate Velha . We have explained in details how to calculate Market value of Property. We have explained in details how to calculate Market value of Property. Year: 2022 Reckoner Rate Kurla. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative. Year: 2022 Reckoner Rate Kudal. You can use an online stamp duty calculator to determine the stamp duty payable on your property. While calculating the built-up area, one. Which helps to calculate the true market value of immovable property, i. 20 de enero, 2021 . mt. We have explained in details how to calculate Market value of Property. Simply select Taluka to get the ready reckoner rates of division or villages wise. Rs. Year: 2023 Reckoner Rate New Mumbai Nmmc. No Data. 62%. 2021. Then, use the formula below to calculate the property’s worth at the ready reckoner rate after deciding on the property’s location. 31 st floor and above – 20%. Jantri rates in Ahmedabad were last revised in April 2023, when the rates were increased by 50 percent. With effect from February 1, 2022, the circle rates in Hyderabad have raised by 20% to 50% for various regions. 37%. This value will be used to calculate the stamp duty and registration charges of the property transaction. How to calculate Market Value of Property; How To Pay Stamp Duty And Registration Fee. To calculate the total area in the possession of tenants. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in. Simply select Taluka to get the ready reckoner rates of division or villages wise. In Maharashtra, circle rates are known as ready reckoner rates. Stamp Duty Ready Reckoner Rate Mumbai 2023. Year: 2020 Reckoner Rate Mulshi. Use the following formula to calculate Goa ready reckoner rates: The value of a property is derived by multiplying the carpet area including the inner walls (in square. Year: 2021 Reckoner Rate Haveli. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative Banks. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in Marathi. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. How to see Ready Reckoner rates in Maharashtra? ‎@Real Estate Tech Ready Reckoner Rate 2021 MaharashtraAnnual Statement Rate (ASR) are commonly known as Rea. / Zone No. e. 76,190. We have explained in details how to calculate Market value of Property. The circle rate is the minimum property registration value evaluated by the state government of Karnataka. ₹ 30327 /Sq. We have explained in details how to calculate Market value of Property. Residential Building. e. We have explained in details how to calculate Market value of Property. Stamp Duty Ready Reckoner. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. Which helps to calculate the true market value of immovable property, i. mt. how to calculate ready reckoner rate. Rate of Income Tax @ 30 % of Total Income. ₹ 371000 /Sq. The Stamp Duty rate in Mumbai is same for Males, Females and Joint owners i. Raigad. 7: Online Payment of Stamp Duty & Registration Fees: SD. Online Ready Reckoner Rate Ratnagiri 2020 . 2022 Revision of Structures rates here: C&IG Proceedings No. Ready Reckoner Rate Kolhapur 2023. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative. Pune district. Property circle rates in Kolkata are revised periodically to match the contemporary market rates and to calculate the minimum value of properties. See also: All. There was a marginal increase of 1. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in. You can check the DLC rate on the IGRS Rajasthan website. 2022 - 23. Here, the word immovable property refers to residential property, commercial property, and land/plot. 44 Lakhs. The market value is ascertained by the Ready Reckoner (RR). So, you can find out the fair market value from the stamp duty ready reckoner of 2001, if the property was acquired prior to April 1, 2019. Weights for ‘construction type’, in units *1 unit for Bungalows and RCC construction *0. 2023 - 24. Factors Driving Ready Reckoner Rates. In Maharashtra, ready reckoner rates aid in controlling speculative pricing. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in. 00%. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. m. Ready Reckoner Rate. No. 869189 GBP. TALUKA THANE, MIRA BHAYANDER MUNICIPAL CORPORATION. The property should be registered at a value equal to or above the circle rate. kurla. For plots in Bangalore, the Guidance Value is calculated on the grounds of the available land area excluding any. For an earlier answer email us your query on tech@ghar. Which Factors Determine the Ready Reckoner Rates in Mumbai. Section 50C and Section 56 (2) (x) would not be applicable. Get the Results: Once all the details are provided. Discover the importance, methods, and tips for accurate property valuation. What is the Current Ready Reckoner Rate in Pune? The assessor and collector department of the Municipal Corporation proposed a suggestion before the standing committee of the civic body on June 2021 to collect property taxes based on the current circle rate. 25%. 37%. › How to Calculate Ready Reckoner Rate Pune? Knowing the ready reckoner rate in Pune is easy because of the e-portals that are managed and updated by the government of. kurla. e. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. The registration of properties may increase by Rs. A. Let's use an example to better understand this: Let's say you want to purchase a home in a. Ready Reckoner Rate Nigdi 2020. Ready reckoner rates Hyderabad are not the final or actual rate of the property. m. Stamp Duty Property Rates in Dhule. Except in Mumbai, the ready reckoner rates of all municipal corporations is increased by 8. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative. shrirampur. mulshi. And, the transfer duty is 1. e. , the ready reckoner rate is the minimum amount registered in the government’s official records. 76 = 55. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co. This led to an increase in property registrations, and developers were hopeful that IGR Maharashtra’s ready reckoner rates could fall. We have explained in details how to calculate Market value of Property. Year: 2021 Reckoner Rate Karjat. To calculate Cent to hectares, multiply the figure in Cent by 0. e. Residential (Flat+Plot) Rs 32,700 – Rs 83,800 per sq. Ready Reckoner Rate. This led to an increase in property registrations, and developers were hopeful that IGR Maharashtra’s ready reckoner rates could fall. If it is a flat then use the formula-. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. 1 are updated and revised upto 31/03/2021Ready Reckoner Rate Chembur 2020. Online Ready Reckoner Rate Raigad 2022. Here is how to calculate the market value of a property through this method: Calculation of per sq. If it is flat, use the following formula: covered parking spaces multiplied by 25% ready reckoner rate per unit area for. e. Then, use the formula below to calculate the property’s worth at the ready reckoner rate after deciding on the property’s location. 2023 - 24. ₹ 371000 /Sq. Ready Reckoner rates increase in Pune 1 Apr 2022 Ready Reckoner rates in Pune, Pune extended and PCMC have been increased by 6. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative Banks. Similarly, commercial properties have higher ready reckoner rates, and residential properties have lower rates. covered parking slots x 25% ready reckoner rate per unit area for that property. Rate (+) valuation of the remaining area at per hectare rate: 2. Stamp Duty Ready Reckoner. Mtrs. Ready Reckoner Rate Vashi 2020. Which helps to calculate the true market value of immovable property, i. The Mumbai ready reckoner rate, the cut was 0. Year : 2020 Online Ready Reckoner Rates of Palghar And Gothpur No. How To Calculate Ready Reckoner Rate (2022-2023)? Compute the built-up area of the property and check different factors like floors, amenities, age of construction,. 2023. 1 crore approximately. Online Ready Reckoner Rate Mumbai Suburban 2016 . The current RRR for Maharashtra is 3% to 6%. What is ready reckoner rate? Ready Reckoner rate, also called as circle rate, is the minimum value at which a property must be registered. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co. We have produced a checklist for employers and a checklist for staff to use alongside. We have explained in details how to calculate Market value of Property. Year: 2022 Reckoner Rate Pimpri Chnchwad (pcmc) Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. Latest Annual Statement of Rates (ASR) can be checked from IGR Maharashtra website to calcu. The RR is fixed by the state government and is found out by compiling the fair value prices for properties. Rate of base value (BV) of a open land according to Ready Reckoner X weightage by multiplication as per user category (UC) (Part I of schedule ‘A’) X permissible or approved floor space index (FSI) X area of land (AL). The ready reckoner on the reverse will work out the approximate age of an oak for you. To calculate the Ready Reckoner Rate (RRR) for a property in your region, it is crucial to understand the method of calculation and the factors that influence the rate. Online e-Stamp Duty Ready Reckoner which helps to calculate the true market value of immovable property, i. shrigonda. of Mumbai suburb should be valued at 1. e. Which helps to calculate the true market value of immovable property, i. If Total Income > 1 Crore – 12%. Gajam to Square Feet (Sq Ft) Gajam is a land. During property valuation, the rate is compared with the declared transaction value of a property, the higher of which is considered for stamp duty calculation and payment. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. Ready Reckoner Rate Maharashtra:- महाराष्ट्र शासन द्वारा जमीन की खरीद को लेकर न्यूनतम दर राशि तय की जाती है। इस राशि के नीचे कोई भी अचल संपत्ति नहीं बेची जा सकती। जिसे आम. The employee claims a tax offset entitlement of $1,000 on their Withholding declaration. Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative Banks which. Several factors influence the calculation of these rates, this vary from can region go another. Year: 2021 Reckoner Rate Panvel. CV = BV x UC x. Male & Female As Joint Owners. We have explained in details how to calculate Market value of Property. Which helps to calculate the true market value of immovable property, i. ) x (floor rise + 1) Number of covered car parking slots x 25 percent of the ready reckoner rate per unit area. A premium is charged on ready reckoner rate for flats built on higher floors in cities like Mumbai and Pune. Year: 2022 - 2023 Get Current Ready Reckoner Rate of district Mumbai minimum rate notified annunal by the Maharashtra State Government ASR for period 1/4/2022 upto. Each passing year, State. land, residential, commercial and industrial properties for any area defined and published by the government of Maharashtra, in there publication namely Annual Statement Rates (ASR) the book is in. Online Ready Reckoner Rate which helps to calculate the true market value of an immovable property, i. Which helps to calculate the true market value of immovable property, i. We have explained in details how to calculate Market value of Property. Ready reckoner or circle rates: The income tax laws do not provide any guidelines on how the fair market value of a property has to be arrived at. D.