Current Stamp Duty and Registration Charges in Bangalore 2024

Bangalore, with its urban lifestyle, work-life balance, excellent infrastructure, and pleasant weather, is a top choice for Indians and NRIs. However, buying property in Bangalore requires paying stamp duty and registration charges, which vary by state. This article explores the current rates for stamp duty and registration charges in Bangalore

(Note – The stamp duty rates are annually announced on the 31st of January of each year.)

Stamp Duty in Bangalore

The stamp duty rates are different in various states and are levied based on the market value of other properties. In the light of the ongoing pandemic, all sectors, including real estate, have been seeing slow progress. To revive this situation, the Karnataka government has made some changes in the stamp duty of Bangalore. But why do the rates differ in each state?

Several factors help determine the stamp duty rates of a state. They are:

1. Age of property- Stamp duties are collected based on the total value of a property. With time, the value of a property depreciates. That is why older properties come cheaper compared to brand new ones. 
2. Age of Property owner- Senior citizens benefit from paying a subsidised stamp duty rate in most states. That’s why age is also a significant determinant of stamp duty charges.
3. Gender of the owner- In most states, females pay a subsidised stamp duty rate than males. That’s why gender is also an important factor.
4. The purpose for buying the property- Commercial properties attract higher stamp duty charges as compared to residential properties. Why? Because they will inevitably have a plethora of amenities than residential buildings and also amass a significant revenue as the years go by.
5. Property location- Stamp duty charges vary considerably based on urban or village panchayat areas. 
6. Extra amenities- The more the amenities, the higher is the stamp duty. An independent builder floor flat will attract lesser stamp duty than a residential flat packed with a library, gym and swimming pool.

The Karnataka government has slashed the stamp duty rates and amendments to the original Stamp Duty Act, 1957. Under this amendment, the stamp duty charges have been cut to 3% for properties priced between Rs 35 lakh and Rs 45 lakh.
Read: CSC Mahaonline – One Step Forward Towards the Digital India Dream

In 2020, the Government already slashed the stamp duty rates for properties priced less than 35 lakhs. For properties priced above 45 lakhs, you have to pay 5% additional on the total property value as stamp duty. There is a further 10% cess and 2% surcharge on the stamp duty rates for properties under this range. In total, a 5.6% stamp duty is levied in urban areas. For properties under the Village Panchayat, stamp duty is 5.65%.  However, there is no change in the property registration charges.

Current Stamp Duty and Sale Agreement Registration Charges in Bangalore

Gender	Stamp Duty rates	Registration Charges
Male owner	5% on properties >Rs 45 lakh3% on properties between Rs 21-45 lakh2% on properties< Rs 20 lakh	1% of  property value
Female owner	5% on properties> Rs 45 lakh3% on properties between Rs 21-45 lakh2% on properties <than Rs 20 lakh	1% of property value
Joint (Male + Female) owners	5% on properties >Rs 45 lakh3% on properties between Rs 21-45 lakh2% on properties<Rs 20 lakh	1% of property value
Joint (Male + Male) owners	5% on properties> Rs 45 lakh3% on properties between Rs 21-45 lakh2% on properties<Rs 20 lakh	1% of property value
Joint (Female + Female) owners	5% on properties> Rs 45 lakh3% on properties between Rs 21-45 lakh2% on properties< Rs 20 lakh	1% of property value

Property Registration Charges in Bangalore

Although stamp duty rates have been slashed, there is no change in Bangalore’s current home registration charges. Based on the constant rate, a buyer has to pay 1% of the deal value as a registration charge in addition to the stamp duty charges. However, if you are a first-time homebuyer, you get a rebate for first-time registration. 
Read: Understanding Floor Space Index (FSI) in Hyderabad: Everything You Need to Know

Flat Registration Charges in Bangalore

You have to pay 1% of the total property value as a property registration fee in Bangalore.
In case of resale flats, with age, stamp duty for resale flats decreases. However, the registration charges still stand at 1% of the total market value of the resale flat.

House Registration Charges in Bangalore

For both individually or jointly owned(male/female) houses, the registration charges are at 1% of the total property value.

Site Registration Charges in Bangalore

In Bangalore, if you need ownership of a site, you have to pay 1% of the total market value of the particular property site as the site registration charge.
Read: Everything You Need to Know About NOCs for Property Transfer in India

Land Registration Charges in Bangalore

During this process, the seller transfers the ownership of the land to the buyer. The buyer, in turn, has to pay a certain fee to the Government for registering the land under their name. In this case, too, the new owner has to pay 1% of the total market value of the land.

Sale Agreement Registration Charges in Bangalore

 The stamp duty for sale agreement registration is usually 0.1% of the Sale consideration or the Guidance value, whichever is higher. However, the registration charges remain at 1% of the total property/land value.

Area Taken into Consideration Depending on Type of Property when Calculating Stamp Duty

Property Type	Method of Stamp Duty Calculation
Empty Plots of Land	Square foot area of plot x Current Guideline Value
Independent Homes	Total Constructed Area
Multi-storey Apartments	Super Built-Up Area

GPA Registration Charges in Bangalore

During the sale of land or property, the seller transfers the Power of Attorney to the buyer. It means that the seller has granted permission to use his property in whatever way they like. But, of course, this includes the future sale of the property too. 

Article 41 of the Karnataka Stamp Act mandates that Rs 100 will be levied individually for stamp duty and registration charges in Bangalore.
Read: All You Need to Know About Property Disputes and How to Avoid Them

Stamp Duty And Registration Charges For Conveyance Deed In Bangalore

The stamp duty rates applicable to conveyance deeds in Bangalore are as follows:

Document: Conveyance (flats/apartments)

• Stamp Duty: 5% on market value + additional duty + surcharge
• Registration Fee: 1%

Document: Conveyance by KHB/BDA

• Stamp Duty: 5% on consideration as per the document + additional duty + surcharge
• Registration Fee: 1%

Document: Conveyance on Transferable Development Rights (TDR)

• Stamp Duty: 5% on the market value or higher value + additional charge + surcharge
• Registration Fee: 1%

Stamp Duty And Registration Charges For Gift Deed In Bangalore

For property transfers through a gift deed in Bangalore, the following stamp duty charges apply:

If the donee is not a family member of the donor:

• Stamp Duty: 5% + Surcharge + Additional duty

If the donee is a family member of the donor:

• Stamp Duty: Rs 1000 + Surcharge + Additional duty

Stamp Duty And Registration Charges For Lease Deed In Bangalore

When transferring property via a lease deed in Bangalore, the following charges are applicable:

• Up to 1 year residential: 0.5% on the average annual rent (AAR) + Advance+ Premium + Fine (Max. Rs. 500)
• Up to 1 year commercial and industrial: 0.5% on AAR + Advance + Premium + Fine (Rs. 5 for every Rs. 1000/- or part thereof, Min. Rs. 100)
• 1 year to 10 years: 1% on AAR + Advance + Premium + Fine (Rs. 5 for every Rs. 1000/- or part thereof)
• 10 years to 20 years: 2% on AAR + Advance + Premium + Fine (Rs. 5 for every Rs. 1000/- or part thereof)
• 20 years to 30 years: 3% on AAR + Advance + Premium + Fine (Rs. 5 for every Rs. 1000/- or part thereof)
• Above 30 years or perpetuity or not for a definite term: As per Article 20 on market value or AAR + advance + premium + deposit + fine (whichever is higher)
• Lease Only between Family members: Rs. 1000/- and Registration Fee: Rs. 500/-

Stamp duty and registration charges for joint development agreement in Bangalore

A joint development agreement for the sale of immovable property attracts stamp duty at one per cent of the total market value or a maximum of Rs. 15 lakhs. The registration fee for this agreement is also one per cent or a maximum of Rs. 150,000.

Stamp Duty And Registration Charges For Rental Agreement In Bangalore

Stamp duty and registration charges for rental agreements in Bangalore vary based on the tenure:

• For a rental period of less than one year: 0.5% stamp duty or a deposit of Rs. 500 (whichever is lower)
• For 1 to 10 years of renting: Stamp duty is a percentage of the total annual rent or a deposit of Rs. 500 (whichever is lower)
• For a lease duration of 10 to 20 years: Stamp duty is 2% of the annual rent or a deposit of Rs. 500 (whichever is lower)

Stamp Duty And Registration Charges For Cancellation Deed In Bangalore

The charges for a cancellation deed in Bangalore are as follows:

a) Cancellation of any instrument previously executed on which stamp duty has been paid as per any article of the schedule:

• Same duty as on the original agreement
• Rs. 100 or 1% on market value if it is a cancellation of conveyance (if the original agreement is a conveyance on sale, then the stamp duty will be as per Article 20(1))

b) In favour of Government or Local Authorities: Rs. 100

c) In any other case: Rs. 100

Tax Benefits on Stamp Duty and Registration Charges in Bangalore

Purchasing a home can be a significant financial commitment, but homebuyers in Bangalore can take advantage of tax exemptions on the amount paid for stamp duty and registration charges. The maximum tax deduction limit is Rs 1,50,000 under Section 80C of the Income Tax Act 1961. However, there are certain criteria to be met to avail of these benefits:

• Property Ownership: To claim tax benefits, the property must be legally registered in the individual’s name.
• Completion of Construction: The property’s construction should be fully completed.
• Joint Ownership: Tax exemptions also apply to jointly owned properties. Co-owners can claim these expenses in their Income Tax Returns (ITRs) based on their share in the property.
• Excluded Properties: It’s important to note that tax benefits do not apply to commercial properties, resale properties, and residential plots.
• Genuine Expenses: To qualify for tax benefits in Bangalore, the actual expenses incurred for stamp duty and registration charges must be documented and substantiated.

Factors Affecting Stamp Duty Charges

Stamp duty rates are determined by a variety of factors. Homebuyers must take these factors into account because they have an impact on Bangalore’s and other cities’ house or apartment registration fees.

• Nature of property- Stamp duty rates are higher for commercial properties.
• Location of property- Urban properties are subject to higher stamp duties.
• Age of the property- Older buildings are less expensive.
• Gender of owner- Women typically pay less in state stamp taxes. Both men and women pay the same rates in Bangalore.
• Age of the buyer- Seniors would pay cheaper stamp duty.
• Amenities and services- Greater amenities equate to higher stamp duty.

Calculating Stamp Duty and Registration Charges in Bangalore Online

Stamp duty rates are never fixed and can be changed several times based on the condition of the real estate sector. Karnataka Government has no set timelines for the revision of stamp duty and registration charges. 

Another notable feature is that unlike some states like Haryana and Rajasthan, Karnataka does not distinguish between male and female owners in Bangalore as far as stamp duty is concerned. 

Let us take a look at the prevalent standards for calculating stamp duty in Bangalore:

• For multi-storeyed apartments, stamp duty is calculated based on the super-built-up area of the property.
• For a plot of land, the property area in sq. ft is multiplied by existing guideline values of the concerned area.
• For independent builder floors, the total construction area will be considered.

For the city of Bangalore, stamp duty revisions often happen due to:

• The existing market rate of properties.
• Expansion of city limits.
• The performance of the property in the real estate market.

If you are buying or wish to buy a property in Bangalore, you can check the stamp duty for the same by checking the stamp duty calculator services rendered by the Karnataka government. 

Follow these steps:

1. Visit the Kaveri Online Services portal.

2. Select the “Nature of the document” to proceed further. We have selected the “Sale of Flat” option here for illustrative purposes. Then click on the “Show Details” tab.

3. Now, you will be required to fill in all the necessary details like the Region Type- whether BBMP, City corporation, Gram Panchayat or something else. You can choose the appropriate region type from the Drop-down menu.  Some other values that are to be provided are the Indicative Market Value and Indicative Consideration amount. If you don’t know the market value, you can find out by clicking the “Calculate Market Value” tab.

4. On filling in these details, the calculator will show your Total Stamp duty along with the Government duty, surcharges and registration fees for your property.

Bangalore Registration Charges for Properties 

You must pay the registration cost, stamp duty, and challan charge in order to register a property in Bangalore. You also need to pay some additional surcharges on top of that.

Bangalore charges 1% of the property’s value as the registration cost for registering real estate.

Stamp Duty Surcharge In Bangalore

There are three different sorts of extra fees: BMRDA and surcharges, BBMP and corporate surcharges, and BBMP and village area cess. These are, accordingly, 10%, 2%, and 3% of the stamp duty.

Additionally, you must pay 5.6% of the property’s value in stamp duty.

You can use the online stamp duty calculators to figure out the stamp duty. Simply enter your property’s information and select the calculate option.

Karnataka State Government Slashes Stamp Duty by 3%

The state of Karnataka has recommended a 3 percent reduction in stamp duty fees for properties worth between Rs. 35 lakh and Rs. 45 lakh. Only properties that fit under the category of affordable housing will be eligible for the reduction in stamp duty. Since this market makes up 48% of the nation’s unsold inventory, a decrease in stamp duty fees would encourage the selling of such properties.

Registration Charges Calculator Bangalore

Follow the exact steps mentioned above and you will get your registration charges for Bangalore too. However, you can calculate this yourself. For Bangalore, the registration charge is 1% of the market value. So, a property worth Rs 1 crore will have a registration charge of 1 lakh.

Buying a new house is always a great experience. However, figuring out all the payable charges according to the law can be a hassle. Make your house buying experience smoother with our legal assistance at NoBroker who can advise you regarding the stamp duty and registration charges in Bangalore. Want to know more about property related updates in various cities? Visit our site and stay updated with the recent developments.

FAQ’s

Subscribe