Stamp Duty in Karnataka
Jan 22, 2025Investments

Stamp Duty in Karnataka: Charges, Calculation & Payments (2025)

by Godrej Properties Limited

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Frequently Asked Questions

What are stamp duty rates in Karnataka?

Ans. Stamp duty rates in Karnataka depend on the property’s value:

  • 3% for properties valued up to ₹45 lakh.
  • 5% for properties valued above ₹45 lakh.

What are the registration charges in Karnataka?

Ans. The registration charges in Karnataka are generally 1% of the property’s market value. This rate applies to most properties, although the amount can vary depending on location and document type.

How is stamp duty calculated for rent in Karnataka?

Ans. For rental agreements, stamp duty is calculated based on the annual rent plus any advance payments. Rates range from 0.5% for residential leases up to 1 year, to 3% for leases longer than 30 years.

Which cities have high stamp duty in Karnataka?

Ans. When it comes to high stamp duty in Karnataka, cities like Bangalore and Mysore, especially in areas like BBMP or BDA, tend to have higher stamp duty due to their urban nature and higher property values.

How is the stamp duty in Karnataka calculated?

Ans. Stamp duty in Karnataka is calculated based on the market value or the consideration amount (whichever is higher). The rate applied depends on factors such as the property's value, type, and location.

What are the tax benefits of stamp duty and registration charges in Karnataka?

Ans. Under Section 80C of the Income Tax Act 1961, you can get tax benefits of up to INR 1,50,000 on Stamp Duty and Registration Charges.

What are the stamp duty rates in Karnataka?

Ans. Stamp duty rates in Karnataka vary based on property value:

3%: Properties valued up to INR 45 lakh

5%: Properties valued over INR 45 lakh

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