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Stamp duty and registration charges in Karnataka

Q: Hi..what are the revised Stamp and registration charges in Karnataka ??

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Replies (7)
1
want to know if my property is 40Lac, what will be my registration cost? and all other cost i have to pay to KA gov.
Kripa Shankar Singh


2
Is the stamp duty on agreement same for movable property and gift property?
Lokesh Patwa


No it is different. Stamp duty on agreement sale of movable property increased from 2% to 3%.
Stamp duty on gift among family members increased from Rs 1,000 to

(i) in BMRDA/BBMP/city corporation area properties: Rs 5,000
(ii) city or town municipal council/town panchayat area properties: Rs 3,000
(iii) properties in area other than the areas specified in items: Rs 1,000
Dhiraj,  
12th April 2016


3
Hi All, I think there is some changes in stamp duty and VAT in Bangalore. Please update
Chetan Hansraj


Effective 1st June 2015, the service tax is currently 14 per cent of the 25 per cent of the total agreement value for properties below Rs 1 cr or 2000 sq. ft. area in size. For properties exceeding or equal to Rs 1 crore or more than 2000 sq. ft. area, the service tax is 14 per cent of 30 per cent of the total agreement value.

VAT is decided by the respective state. According to the latest Karnataka Value Added Tax (Amendments) Act of 2012, VAT is charged at around 5.5 per cent of the construction-related services.
Janak Desai,  Bangalore
25th August 2015


4
How to calculate stamp duty and registration charges? Is the calculation same for all types of buildings
Anand M


In Bangalore, there are different classification of buildings based on which the parameters used to calculate the stamp duty and registration charges also differ.

In case of multi-storeyed apartments, the super built up area is used for calculating the stamp duty and registration charges. For plots, the square feet area of the plot is multiplied by the guideline value of the area, and in case of independent houses, the total constructed area is considered for calculating the total property value.
Balaji,  Bangalore
29th April 2015


Where can we pay the stamp duty and registration charges in Bangalore?
Anand M,  Bangalore
29th April 2015


Stamp duty and registration charges in Bangalore are paid through the Karnataka State department of Stamp duty and Registration. Stamp duty can be paid through the following means:
a) Purchase of impressed stamps from treasury or authorized stamp vendors, ORb) Purchase of adhesive stamps, OR
b) Purchase of adhesive stamps, OR
c) Payment to the government through payment of DD/ pay order issued by any nationalised bank/scheduled bank or challan, OR
d) Instrument (document) can be written on plain paper and the stamp duty can be paid through DD/ pay order issued by any nationalized bank/ scheduled bank or challan within two months of the date of execution of the instrument, and certified by the jurisdictional District or Sub Registrar.
Rakesh,  Bangalore
30th April 2015


5
I heard that the government have revised the Stamp Duty charges in Bangalore. What is the new Stamp duty charges?
Anand M


As per the ongoing rates, you will have to pay 5 per cent of the registered value of the property as stamp duty. In addition there is a 10 per cent cess and 2 per cent surcharge on stamp duty. Accordingly, buyers have to pay 5.6 per cent stamp duty in urban areas and 5.65 per cent in rural areas as the surcharge in such areas is 3 per cent. The registration charges is 1 per cent of the total or registered property value.
Rakesh,  Bangalore
28th April 2015


6
what is the exact stamp duties in Bangalore?
Chetan Hansraj


The current stamp duty fee in Bangalore is about 5.52 per cent and registration charge is 1 per cent of the total value of the property.and in village panchayat area it is 5.65 per cent.
Balaji,  Bangalore
15th September 2014


7
The Stamp Duties and Registration charges in Karnataka are 5% and 1% respectively. Basically stamp duty is a type of tax collected the government of Karnataka under its jurisdiction for a transaction of a property. Registration charges is the fees required in getting the legal title registered in your name.
Janak Desai


8

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