Stamp duty charges and registration charges in Bangalore, Karnataka

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As per the last revision, the stamp duty charges levied for purchasing a property in Bangalore are three percent for properties priced between Rs 21 lakh and Rs 45 lakh, and two percent for properties below Rs 20 lakh. But what is the stamp duty in Bangalore on higher budget segments? 99acres finds out!

The stamp duty and registration charges in Bangalore are different from those in other cities and States. Generally, stamp duty charges are between three percent and five percent of the market value of the property, and registration charges are between one percent and three percent.

To boost the real estate sentiment in the State, the Karnataka government passed an amendment to the Stamp Act, 1957, to slash the stamp duty rate on properties priced between Rs 21 lakh and Rs 45 lakh. All such properties will attract a three percent stamp duty. Whereas stamp duty for properties under Rs 20 lakh is two percent. However, the rebate is applicable only on first-time property registration.

Latest update: Stamps and Registration Department Karnataka

The Karnataka government has set a target to collect departmental taxes. The annual target for the collection of tax/revenue for the Stamps and Registration department is Rs 19,000 crore. The government has also proposed the implementation of a scientific guidance value system through the K-GIS Technology of Stamps and Registration department. Besides, the rebate of 10 percent on the guidance value has been discontinued.

Stamp duty and registration charges in Bangalore, Karnataka

GenderStamp Duty ratesRegistration Charges
Male5 percent on properties above Rs 45 lakh1 percent of the property value
3 percent on properties between Rs 21-45 lakh
2 percent on properties less than Rs 20 lakh
Female5 percent on properties above Rs 45 lakh1 percent of the property value 
3 percent on properties between Rs 21-45 lakh
2 percent on properties less than Rs 20 lakh
Joint (Male + Female)5 percent on properties above Rs 45 lakh1 percent of the property value 
3 percent on properties between Rs 21-45 lakh
2 percent on properties less than Rs 20 lakh
Joint (Male + Male)5 percent on properties above Rs 45 lakh1 percent of the property value 
3 percent on properties between Rs 21-45 lakh
2 percent on properties less than Rs 20 lakh
Joint (Female + Female)5 percent on properties above Rs 45 lakh1 percent of the property value
3 percent on properties between Rs 21-45 lakh
2 percent on properties less than Rs 20 lakh

How much is the stamp duty in Bangalore?

A buyer is liable to pay 5.6 percent (for properties above Rs 45 lakh) stamp duty in urban areas on the sale agreement, along with a 10 percent cess and two percent surcharge, calculated on stamp duty. In areas under Village Panchayat, the surcharge is three percent, and thus the total stamp duty value is 5.65 percent.

While stamp duty tax is levied by the State governments on the property, basis its market value; the registration charge is levied for the registration of documents under the Registration Act, 1908. These charges, although compulsory, vary from state to state depending upon city laws.

How to calculate stamp duty in Bangalore?

Imagine Mr X bought a 1,000 sq ft plot in Bangalore for Rs 5,000 per sq ft. Coincidentally, this is also the guidance value in the area.

Therefore, the guidance value of the property= Rs 5,000 x 1,000 = Rs 50 lakh

Stamp Duty= 5.6 percent of saleable value (Rs 50 lakh) = Rs 2,80,000

Registration Charges= 3 percent of saleable value (Rs 50 lakh) =Rs 1,50,000

Total Stamp Duty and Registration charges= Rs 2.8 lakh + Rs 1.5 lakh = Rs 4.3 lakh

Mr X has to pay a total of Rs 54.3 lakh (Rs 50 lakh + Rs 4.3 lakh) to get the property ownership.

Stamp duty on gift deed in Bangalore

For property transfer through gift deed, following stamp duty charges will be applicable:

Transfer typeStamp duty charges
If donee is not a family member of donor5 percent + Surcharge + Additional duty
If donee is a family member of donorRs1000 + Surcharge + Additional duty

How to calculate stamp duty in Bangalore online?

Follow this simple process to calculate stamp duty charges in Bangalore-

Step 1: Visit the Kaveri Online Services Portal Stamp Duty Calculator page and fill in the required fields

Step 2: Select the nature of the document from the drop-down menu and proceed

Step 3: Select the region type –BBMP, city corporation, municipal corporation, town panchayat, gram panchayat, or others, fill in the indicative market value (guidance value), consideration amount. If you don’t know the market value, you can click the ‘Calculate market value’ option

Types of area considered for calculating stamp duty in Bangalore

To calculate the registration fee and stamp duty, different standards are used for different property types. In Bangalore –

  • For multi-storey apartments, the super built-up area is considered for calculation
  • For plots, the sq ft area of the plot is multiplied by the prevailing guideline value of that area
  • For independent houses, the total constructed area is considered

The stamp duty rates are not fixed and are bound to change from time to time. However, there are no fixed timelines for these charges to be revised by the Karnataka government. Most of the time, the State government revises them annually. Unlike many other states, such as Haryana and Rajasthan, these charges are the same for both men and women in Bangalore.

These charges are mostly dependent upon the prevailing market rate of the property, expansion of city limits and property market performance.

Surcharge on stamp duty in Bangalore

All property buyers in Bangalore need to pay a two percent surcharge and 10 percent cess on stamp duty, for properties priced above Rs 35 lakh. For rural areas, the surcharge is three percent. These charges are calculated on stamp duty cost and not property value. 

What are the factors involved in calculating stamp duty charges in Bangalore?

Here is a table providing the factors that impact stamp duty charges in Bangalore

FactorsImpact
Age of the propertyThe rate for old properties is less
Age of the buyerKarnataka ensures lower stamp duty to senior citizens
Gender of the ownerThe stamp duty for women is lower in many Indian states. However, both the genders pay the same stamp duty in Bangalore
Nature of the propertyThe stamp duty on commercial properties in Bangalore is higher
Location of the propertyStamp duty is higher on properties in urban areas
Services and amenitiesStamp duty increases as more services and amenities are provided

Therefore, any property transaction worth more than Rs 100 is subject to Bangalore’s stamp duty and registration charges. The stamp duty ensures that property records are updated and registered with the government, ruling out the chances of litigation.

source : 99acres.com

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