Fair Value, as Propvidhi uses the term, is an estimate of what a property is likely to transact at, derived from closed-transaction data rather than asking prices. Pre-launch figures shown on the site are indicative computed estimates, labelled as such, with a methodology link and a last-updated date.
Three different numbers
- Listing price is what a seller asks. It reflects hope, not a closing.
- Guidance value is the government-set minimum for stamp-duty purposes. It is often below market and varies by locality.
- Fair Value is a computed estimate of the likely transaction price. It sits between the two and is meant to inform negotiation.
Why a computed estimate, not a quote
A single quote can be skewed by one motivated seller. A computed estimate draws on a wider set of closings and is less sensitive to any one outlier. It will not be exact for a specific unit, and it is not advice to buy or sell.
How to use it
Treat Fair Value as a reference point for negotiation, not a price target. Read it alongside the per carpet-area figure, the quarter-on-quarter trend, and the specific condition of the unit. It narrows the range; it does not replace your own judgement.