Your Guide To Stamp Duty And Registration Charges On Residential Property In Bangalore 2023

By LODHA

The real estate market in Namma Bengaluru is as vibrant as ever. According to a recent report by Anarock, housing sales in the city jumped 50% in 2022 (on a year-on-year basis).

If you are looking to buy a residential property in this booming city, you must check out this handy guide to the stamp duty and registration charges you are liable to pay in 2023.

What are stamp duty charges and registration fees?

Stamp duty is the tax the state government collects on property transactions. Stamp duty is calculated as a percentage of the total transaction value and is paid by the buyer of the property. 

In addition to stamp duty, buyers also have to pay a fee to register their property. Registration is mandatory under the law and is completed at the sub-registrar's office.

Stamp Duty Charges in Bengaluru for Residential Properties

Home registration charges in Bangalore are based on the market value of the property or the consideration amount (whichever is higher). The market value is the guidance value set by the government based on the location and age of the property, and the consideration amount is the value mentioned in the sale deed.

Buyers of residential property must pay these charges while registering the sale deed. 

The latest stamp duty Bangalore charges are as follows:

- Stamp duty charges on properties above Rs 45 lakh: 5% + cess at 10% of the stamp duty and surcharge at 2% of the stamp duty
- Stamp duty charges on the property between Rs 21 lakh and Rs 45 lakh: 3% + cess at 10% of the stamp duty and surcharge at 2% of the stamp duty
- Stamp duty charges on properties under Rs 20 lakh: 2% + cess at 10% of the stamp duty and surcharge at 2% of the stamp duty

In addition to stamp duty, you must pay a registration fee amounting to 1% of the total agreement value.

How to Calculate Stamp Duty and Registration Charges on Residential Property in Bengaluru?

Here's a step-by-step guide to calculating the stamp duty and registration charges you are liable to pay when you buy a residential property in Garden City. To check how you can check the stamp duty applicable online, follow the steps given below:

Step 1

Check the guidance value or market value of the property in question. If it is more than the amount you are paying (agreement value), take the guidance value as the base for all calculations. 

If you are paying higher than the guidance value, then take the agreement value as the base. 

For example, if you have agreed to pay the seller Rs 50,00,000 for the property, and the guidance value for it is Rs 45,00,000, you will have to pay a stamp duty of Rs 50,00,000. 

If the guidance value for the same property is Rs 55,00,000, then you will have to calculate stamp duty on Rs 55,00,000.

Step 2

Let's assume you are buying a property for Rs 50,00,000 and its guidance value is Rs 45,00,000. In this case, you will have to calculate a stamp duty of Rs 50,00,000. Your stamp duty will be as follows:
- Stamp duty at 5% of Rs 50,00,000 = Rs 2,50,000
- Cess at 10% of stamp duty = Rs 25,000
- Surcharge at 2% of stamp duty = Rs 5000
- Total stamp duty payable: Rs 2,80,000

Now, add registration charges to the total, which is 1% of the agreement value. That works out to Rs 50,000. Your total stamp duty and registration charges, therefore, will total up to Rs 3,30,000.

Alternatively, you can visit the portal of the Department of Stamps and Registration, Government of Karnataka, and use the stamp duty and registration calculator.

- Visit https://kaverionline.karnataka.gov.in/StampDutyCalculator/StampDutyCalculation
- Select the type of document you want to register (for this example, choose Sale of Flat and then click on Show details)
- Choose region type, market value, and consideration amount, and click calculate.
- The calculator will show you the stamp duty and registration charges applicable.

How to Pay Stamp Duty And Registration Charges in Bengaluru?

You must pay the stamp duty and registration charges before registering the sale deed.

You can pay the stamp duty via DD or pay an order issued by an authorized bank or through challan payment 

You can also pay it by buying adhesive revenue stamps or by getting your agreement franked for the amount.

What are the Stamp Duty and Registration Charges for Flats in Bangalore? 

The easiest way to calculate stamp duty is to visit the official Karnataka government calculator at Kaveri Online

What are the 2023 stamp duty and registration charges in Bangalore? 

Stamp duty charges are as follows:

- Properties above Rs 45 lakh: 5% + cess at 10% of the stamp duty and surcharge at 2% of the stamp duty
- Property between Rs 21 lakh and Rs 45 lakh: 3% + cess at 10% of the stamp duty and surcharge at 2% of the stamp duty
- Properties under Rs 20 lakh: 2% + cess at 10% of the stamp duty and surcharge at 2% of the stamp duty
- Registration is 1% of the transaction value.

Please note: The stamp duty rates in Bangalore are the same for male and female buyers. However, the stamp duty amount varies based on the property's value.

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