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Articles Home > Legal & Tax > Registration fees and stamp duty charges - Bangalore
Registration fees and stamp duty charges - Bangalore PDF Print E-mail
By Neha Pathania Kashyap   
Tuesday, 27 November 2012 17:43
Total View : 56708

Registration and stamp duty in Bangalore

Are you buying a property in Bangalore? Just as the value of the property is important, the registration fee and stamp duty that you pay on the purchase of the flat is also crucial. While stamp duty is a tax levied by state governments on the property basis its market value, registration value is levied for keeping the records of the sale document. These charges, although compulsory, vary from state to state depending upon city laws.


In Bangalore, the super built-up area of the flat is taken for calculation of registration fee and stamp duty. For plots, the sq ft area of the plot should be multiplied by the prevailing guideline value of that area. For independent houses, the total constructed area is added to this calculation.

There is no fixed timeline for these charges to be revised by the Karnataka government, however, most of the times; the state government revises them annually. The ongoing stamp duty fee in Bangalore is approximately 5.52 per cent and registration charge is 1 per cent of the total value of the property. Unlike other states, these charges are same for both, men and women in Bangalore.

The stamp duty charge in Bangalore might be approximately 1 per cent more in a rural area as compared to an urban area. This is in order to compensate for the low circle rates in rural areas.

Bangalore has witnessed stamp duty charge come down by about 1 per cent every year. These charges, claim experts, are dependent upon the prevailing market rate of the property, expansion of city limits and property market performance.




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