I am planning to buy a resale property soon, but I am not aware of the resale flat registration charges in Bangalore. So, I called my cousin who recently bought a resale flat in Bangalore, and is done with the registration. He told me that the stamp charges are based on gender: for males and females, the property registration charge will be one percent of the property.
What is the Registration Cost for Resale Flat in Bangalore?
In Bangalore, the property registration fee is 1% of the total property value. However, I have also mentioned the stamp duty charges with respect to gender.
Gender | Stamp Duty Charge | Registration Rate |
Joint(Male+Male) | A 5% charge applies to properties valued above Rs. 45 lakh. | 1% of the property value |
- | For properties priced between Rs. 21 lakh and Rs. 45 lakh, the charge is 3%. | - |
- | Properties under Rs. 20 lakh will incur a 2% charge. | - |
Joint(Female+Female) | Properties valued over Rs. 45 lakh are subject to a 5% charge. | 1% of the property value |
- | A 3% charge is applicable on properties priced between Rs. 21 lakh and Rs. 45 lakh. | - |
- | For properties below Rs. 20 lakh, the charge is 2% | - |
Joint(Female+Male) | A 5% fee applies to properties exceeding Rs. 45 lakh. | 1% of the property value |
- | Properties priced between Rs. 21 lakh and Rs. 45 lakh are charged at 3%. | - |
- | A 2% fee is applicable on properties under Rs. 20 lakh. | - |
I hope now you know the registration cost for resale flat in Bangalore.
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Your Feedback Matters! How was this Answer?
I researched about the registration charges for resale flat in Bangalore and came across a few considerations that affect these charges. Since my family and I were looking to purchase a resale property, I wanted to be thorough about the stamp duty and registration charges and found that these fees are based on the property value and type. Let me share them with you.
What are the
Resale Flat Registration Charges in Bangalore?
I found that in Bangalore, the registration charges in 2024 are 1% of the property’s value. There are different parameters on the basis of which the registration charges in Bangalore for resale apartments are levied. I have shared them below.
Parametres | Registration Charges | |
Residential property | 1% of the property value | |
Commercial property | 1% of the property value | |
Plots and agricultural lands | 1% of the property value | |
Women-owned property | 1% of the property value | |
Affordable housing | 1% of the property value | |
Under-construction property | Not applicable |
As you can see, for most of the parameters, the charges are the same, but the stamp duty for each of them differs significantly. For residential property, it is 5%, if the property value is above Rs. 45 lakhs, 3% if the value is between Rs. 21 lakhs to Rs. 45 lakhs, and 2% if the value is below Rs 20 lakhs.
Things to Consider Before Paying Stamp Duty and Registration Charges
I found a few things that one must keep in mind before making a purchase.
Ensure the property is legal, and all the required documents are in order.
You must verify the property’s market value to get a correct estimate.
Take help from legal advisors before making any payments to ensure you are aware of all potential costs and obligations.
I hope this helps you get an idea on
registration cost for resale flat in Bangalore.
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Your Feedback Matters! How was this Answer?
I was about to purchase a resale property, but I didn’t know about the registration charges. To learn about them, I called my uncle and asked him about the registration charges for resale flat in Bangalore. Here is what he told me.
What are the Registration Charges in Bangalore for Resale Apartments?
He told me that registration charges are 1 percent of the property value. Following that he provided me with the below table.
| Gender | Stamp Duty Rates | Resale Flat Registration Charges in Bangalore |
Male |
5 percent on properties above Rs 45 lakh 3 percent on properties between Rs 21-45 lakh 2 percent on properties less than Rs 20 lakh |
1 percent of the property value |
Female |
5 percent on properties above Rs 45 lakh 3 percent on properties between Rs 21-45 lakh 2 percent on properties less than Rs 20 lakh |
1 percent of the property value |
Joint |
5 percent on properties above Rs 45 lakh 3 percent on properties between Rs 21-45 lakh 2 percent on properties less than Rs 20 lakh |
1 percent of the property value |
This is what my friend told me when I asked him about registration charges for resale flat in Bangalore. I hope this information about the registration charges will be of help to you.
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What is the Registration Charges for Resale Flat in Bangalore?
Rajiv
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2024-06-30T09:52:21+00:00 2024-06-30T09:52:23+00:00Comment
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