Buying property is a milestone for most of us. But alongside the excitement comes the need to understand legal costs like stamp duty and registration charges. This guide makes navigating these charges in Bangalore simple, saving you time and surprises.

Stamp Duty And Registration Charges in Bangalore 2024-25

The stamp duty charges in Bangalore for properties priced between Rs 21 lakh and Rs 45 lakh are 3%, and for properties below Rs 20 lakh, it is 2%. Generally, the stamp duty in Bangalore ranges between 3% and 5% of the property's market value, while registration charges fall within 1% to 3%.

The stamp duty in Bangalore is determined by the property's value. Registration charges add another layer to the costs. Here’s an updated table to clarify:

Property Value	Stamp Duty Rate	Registration Charges
Below ₹20 lakh	2%	1%
₹21 lakh to ₹45 lakh	3%	1%
Above ₹45 lakh	5%	1%

How To Calculate Stamp Duty and Registration Charges In Bangalore

To calculate the stamp duty and registration charges in Bangalore, follow these steps:

To get the stamp duty amount, multiply the property's total value by the stamp duty rate (e.g., 3%).
Calculate the property registration charges in Bangalore by multiplying the property's value by the registration rate (e.g., 1%).
Add the stamp duty and apartment registration charges in Bangalore to the property price to arrive at the total value.

How To Use Stamp Duty Calculator Bangalore

You can easily calculate apartment registration charges in Bangalore online using the Kaveri Online Services Portal Stamp Duty Calculator:

Visit the calculator page and fill in the required fields.
Select the document type and region type (e.g., BBMP, city corporation, municipal corporation, etc.).
Fill in the indicative market value and consideration amount, or use the "Calculate market value" option.
Click "calculate" to see the stamp duty amount.

Stamp Duty And Registration Charges For Various Deeds in Bangalore

Conveyance Deed

A conveyance deed is essential for transferring property ownership. Stamp duty charges in Bangalore for a conveyance deed are 5% of the property's market value, with an additional 1% registration charge. This ensures a smooth and legal property transfer process.

Lease Deed

For lease agreements, stamp duty depends on the lease term:

Up to 1 year: 0.5% of the average annual rent (Max ₹500).
More than 30 years: Calculated as per the property’s market value.
Registration charges for lease deeds are generally a fixed percentage of the agreement value.

Joint Development Agreement

When landowners and developers collaborate, a joint development agreement formalises the terms. In Bangalore, the stamp duty is 2% of the market value or agreement consideration (whichever is higher), with registration charges capped at ₹1.5 lakh.

Rental Agreement

For rental agreements:

Residential properties: Stamp duty is 0.5% of the rent + advance.
Commercial/industrial leases: 1% of the rent and premium if the term exceeds 1 year.
Registration fees start at ₹200, depending on agreement duration and value.

Cancellation Deed

Stamp duty for cancelling agreements varies:

₹100 if it’s a general cancellation.
1% of the property’s market value if it’s related to conveyance deeds.
Registration charges typically range from ₹200 to ₹1,000.

Surcharge on Stamp Duty in Bangalore

Apart from the standard stamp duty rates, Bangalore imposes surcharges based on the property’s location and jurisdiction. Properties in premium areas under BBMP or BDA limits may incur additional fees.

Tax Benefits on Stamp Duty and Registration Charges in Bangalore 2024-25

Good news! You can claim tax deductions on stamp duty and registration charges in Bangalore under Section 80C of the Income Tax Act (up to ₹1.5 lakh). This applies only to the first property and individuals (not businesses).

The Final Word

The Karnataka government's amendment to the Stamp Act of 1957, reducing the stamp duty rate to 3% for properties priced between Rs 21 lakh and Rs 45 lakh, aims to boost real estate sentiment. However, it's important to note that the rebate applies only to first-time property registrations.

Frequently Asked Questions

1. How to pay stamp duty and registration charges in Bangalore, Karnataka online in 2024-25?

Ans: Visit the Kaveri Online Services Portal, log in, fill out the property details, calculate the charges, and pay via net banking. Download the receipt for your records.

2. How to pay stamp duty and property registration charges in Bangalore, Karnataka offline?

Ans: Visit your jurisdictional sub-registrar office with the required documents. Calculate the charges with the help of officials, pay via demand draft or cash, and collect your receipt for successful payment.

3. What are the stamp duty charges for purchasing a property in Bangalore?

Ans: The stamp duty charges for properties priced between Rs 21 lakh and Rs 45 lakh are 3%, and for properties below Rs 20 lakh, it is 2%.

<H3>4. Do stamp duty rates differ for male and female buyers in Bangalore?

Ans: No, 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.

Bangalore Stamp Duty & Registration: Calculate Charges 2024-25

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