What are the Registration Charges and Stamp Duties in Bangalore?

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Admin 27 Apr 2024 5,145 Views

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If you are searching for flats in Bangalore or planning to buy a property in Bangalore. And If you have already set your budget, you must consider the amount you will have to pay for getting your property registered. To grow the real estate sentiment in the state, the Karnataka government has announced a cut in the stamp duty rate on properties between Rs 35 lakh and Rs 45 lakh. All such properties will now attract a 3% stamp duty. The demand for flats for sale in Bangalore increased in the previous year because of reducing stamp duty & registration charges. Last year, the state government reduced the stamp duty rates on properties valued below Rs 35 lakh. As per the ongoing rates, you will have to pay 5% of the total or registered property value (above Rs 45 lakh) as stamp duty and 1% of the total or registered property value as a registration fee in Bangalore.

According to a report by HonestBroker, the Karnataka government reduced the stamp duty from 5.5% to 2% for property valued below Rs 20 lakhs and 3% for assets between Rs 21-45 lakhs. HonestBroker is an online real estate platform that provides properties all over India. If anyone is not getting an affordable property at the desired location and finding it difficult to get genuine deals, they can take the help of this site. Below are some major key pieces of information.

Stamp duty remains unchanged for flats for sale in Bangalore Rs. 45 lakh, stamp duty is 5% as before.
The change in stamp duty came in March 2021 to promote affordable housing during the Covid-19 pandemic.
The above stamp duty does not include overcharge and cess.

Stamp Duty & Registration Charges in Bangalore:-

If someone registering a property that measures 6000 square feet and whose guidance value is Rs 2000, you will want to pay the following charges:-

The value of the property= 6000 X 2000= 12000,000 rs

Stamp duty in urban areas= 5.6% X 12000,000= 6,72,000 rs

Registration charge= 1% X 12000,000= 1,20,000 rs

Now, stamp duty in the urban area of Bangalore:- 7,92,000 rupees

Below, we have listed the breakup of stamp duty including overcharge, cess, and registration fee.

Stamp Duties of flats in Bangalore worth less than Rs 20 lakh:-

Stamp Duty:- 2% of the property value
Surcharge Value:- 0.1% of the property value
Cess value:- 0.2% of the property value
Total Stamp Duty:- Stamp Duty + Surcharge Value + Cess Value = 2.03%
Total Registration Fee:- 1% of the property value

Stamp Duties of flats in Bangalore worth more than Rs 20 - 45 lakhs:-

Stamp Duty:- 3% of the property value
Surcharge Value:- 0.1% of the property value
Cess value:- 0.3% of the property value
Total Stamp Duty:- Stamp Duty + Surcharge Value + Cess Value = 3.03%
Total Registration Fee:- 1% of the property value

Stamp Duties of flats in Bangalore, more than Rs.45 lakh to crore:-

Stamp Duty:- 5% of the property value
Surcharge Value:- 0.1% of the property value
Cess Value:- 0.5%% of the property value
Total Stamp Duty:- Stamp Duty + Surcharge Value + Cess Value = 5.6%
Total Registration Fee:- 1% of the property value

NOTE:- These all charges may different if the government changes the stamp duty rates. For the latest and precise details, visit govt official site https://kaverionline.karnataka.gov.in

About Author

Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

What are the registration charges and stamp duties in Bangalore?

Stamp Duty & Registration Charges in Bangalore:-

Stamp Duties of flats in Bangalore worth less than Rs 20 lakh:-

Stamp Duties of flats in Bangalore worth more than Rs 20 - 45 lakhs:-

Stamp Duties of flats in Bangalore, more than Rs.45 lakh to crore:-

Jatin Dubey

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