Stamp duty and property registration charges in Bangalore

Stamp duty is a mandatory payment made by the purchaser to the sub-registrar of the property's locality to officially register the property in the government's records under their name. This fee is determined and imposed by the respective state governments

What is the stamp duty rates in Bangalore?

Know the stamp duty and property registration charges in Bangalore before applying for a home loan in the Karnataka. Choose the property and pay the applicable charges to transfer it to your name legally.

The stamp duty applicable to properties varies based on their market value, ranging from 3% to 5%. Similarly, the registration charges are determined by the market value, ranging from 1% to 3%. For example, in Bangalore, properties valued under Rs. 20 lakh attract a stamp duty charge of 2%. On the other hand, properties valued between Rs. 21 lakh and Rs. 35 lakh have a stamp duty rate of 3%, while properties above Rs. 45 lakh incur a stamp duty charge of 5%.

In addition to the stamp duty in Karnataka, it is important to allocate funds for the cess and surcharge that form a part of the property registration charges in Bangalore and other cities across the state. For properties with a value exceeding Rs 35 lakh in urban areas, a cess of 10% and a surcharge of 2% are applied, resulting in an effective stamp duty of 5.6%. In rural areas, the stamp duty for home buyers stands at 5.65%, as the surcharge is set at 3%.

Property registration charges in Bangalore

Property registration charges in Bangalore are a crucial aspect of the property buying process. The registration fee is typically 1% of the property’s market value. This fee is paid to the sub-registrar’s office to legally record the property transaction. In addition to the registration fee, buyers must also pay stamp duty, which varies based on the property’s value and location. For properties valued above Rs. 45 lakh, the stamp duty is 5%, while for properties between Rs. 21 lakh and Rs. 45 lakh, it is 3%. For properties up to Rs. 20 lakh, the stamp duty is 2%.

Flat registration charges in Bangalore

Flat registration charges in Bangalore are calculated as 1% of the property’s market value. For instance, if you are purchasing a flat valued at Rs. 60 lakh, the registration charge would be Rs. 60,000. This fee is in addition to the stamp duty, which is 5% for properties above Rs. 45 lakh, 3% for properties between Rs. 21 lakh and Rs. 45 lakh, and 2% for properties up to Rs. 20 lakh. These charges are essential for legally validating the property transaction and ensuring it is recorded in government records.

Current stamp duty and registration charges in Bangalore (2024)

In 2024, the stamp duty and registration charges in Bangalore are structured to accommodate various property values. For properties up to Rs. 20 lakh, the stamp duty is 2%. For properties between Rs. 21 lakh and Rs. 45 lakh, the stamp duty is 3%. For properties above Rs. 45 lakh, the stamp duty is 5%. Additionally, a registration fee of 1% of the property’s market value is applicable. For example, if you purchase a property worth Rs. 40 lakh, the stamp duty would be Rs. 1.2 lakh (3%), and the registration fee would be Rs. 40,000 (1%), totaling Rs. 1.6 lakh.

Stamp duty and registration charges for conveyance deed in Bangalore (2024)

• Stamp duty: 5% for properties above Rs. 45 lakh, 3% for properties between Rs. 21 lakh and Rs. 45 lakh, and 2% for properties up to Rs. 20 lakh.
• Registration fee: 1% of the property’s market value.
• Additional charges: Surcharge and cess may apply based on the property’s location and value.

Example: For a property worth Rs. 50 lakh, the stamp duty would be Rs. 2.5 lakh (5%), and the registration fee would be Rs. 50,000 (1%), totalling Rs. 3 lakh.

Stamp duty and registration charges for lease deed in Bangalore (2024)

• Lease duration: For leases up to one year, the stamp duty is 0.5% of the total annual rent or deposit.
• 1 to 10 years: The stamp duty is 1% of the total annual rent or deposit.
• Above 10 years: The stamp duty increases to 2% of the total annual rent or deposit.
• Registration fee: 0.5% of the total annual rent or deposit.

Example: For a lease agreement with an annual rent of Rs. 5 lakh, the stamp duty would be Rs. 5,000 (1%), and the registration fee would be Rs. 2,500 (0.5%), totalling Rs. 7,500.

Stamp duty and registration charges for cancellation deed in Bangalore (2024)

• Stamp duty: Same as the original instrument if it is a conveyance on sale.
• Registration fee: Rs. 500 for cancellation in favour of the government or local authorities, Rs. 200 for other cases.

Example: If the original conveyance deed had a stamp duty of Rs. 1 lakh, the cancellation deed would also have a stamp duty of Rs. 1 lakh. The registration fee would be Rs. 500 if in favour of the government.

Factors that determine state stamp duty rates

Several factors influence the stamp duty rates in Bangalore:

• Property value: Higher property values attract higher stamp duty rates.
• Location: Urban areas may have higher rates compared to rural areas.
• Property type: Residential, commercial, or industrial properties have different rates.
• Age of property: Older properties may have lower rates.
• Gender of buyer: Women may receive concessions on stamp duty rates.
• Purpose: Properties for commercial use may attract higher rates.

Tax benefits on stamp duty and registration charges in Bangalore (2024)

Under Section 80C of the Income Tax Act, buyers can claim tax deductions on stamp duty and registration charges up to Rs. 1.5 lakh per year. This benefit is available only for new homes and not for commercial properties, residential plots, or resale properties. To avail of this benefit, the property must be registered in the buyer’s name, and the payment must be made in the same financial year. This deduction helps reduce the overall cost of purchasing a property and provides significant financial relief to homebuyers.

How to calculate stamp duty and registration charges in Bangalore?

To calculate stamp duty and registration charges online:

1. Visit the Kaveri online services portal.
2. Select the stamp duty and registration charges calculator.
3. Enter property details. Include the property’s market value, location, and type.
4. The portal will provide the applicable stamp duty and registration charges.

Example: For a property valued at Rs. 50 lakh, the calculator will show a stamp duty of Rs. 2.5 lakh (5%) and a registration fee of Rs. 50,000 (1%), totalling Rs. 3 lakh.

The stamp duty charges in Bangalore depend on parameters such as property’s age, buyer’s age, gender, property’s type (residential or commercial), location, amenities available. Use our user-friendly stamp duty calculator and know the cost involved.