Stamp Duty and Registration Charges in Bangalore in 2024

With its urban lifestyle, work-life balance, excellent infrastructure, and pleasant weather, Bangalore is a top choice for Indians and NRIs. Stamp Duty and Registration Charges in Bangalore are significant expenses that every property buyer needs to understand.  This article explores the current rates for stamp duty and registration charges in Bangalore.

(Note - The stamp duty rates are annually announced on the 31st of January of each year.)

Latest Stamp Duty and Sale Agreement Registration Charges in Bangalore

Here’s a simplified and separated version of the information in a tabular format:

Gender	Stamp Duty Rates	Registration Charges
Male Owner	- 5% for properties valued above Rs 45 lakh - 3% for properties valued between Rs 21 lakh and Rs 45 lakh - 2% for properties valued below Rs 20 lakh	1% of property value
Female Owner	- 5% for properties valued above Rs 45 lakh - 3% for properties valued between Rs 21 lakh and Rs 45 lakh - 2% for properties valued below Rs 20 lakh	1% of property value
Joint (Male + Female) Owners	- 5% for properties valued above Rs 45 lakh - 3% for properties valued between Rs 21 lakh and Rs 45 lakh - 2% for properties valued below Rs 20 lakh	1% of property value
Joint (Male + Male) Owners	- 5% for properties valued above Rs 45 lakh - 3% for properties valued between Rs 21 lakh and Rs 45 lakh - 2% for properties valued below Rs 20 lakh	1% of property value
Joint (Female + Female) Owners	- 5% for properties valued above Rs 45 lakh - 3% for properties valued between Rs 21 lakh and Rs 45 lakh - 2% for properties valued below Rs 20 lakh	1% of property value

What are Stamp Duty Charges in Bangalore?

The stamp duty rates differ in various states and are levied based on the market value of other properties. In light of the ongoing pandemic, all sectors, including real estate, have seen slow progress. To revive this situation, the Karnataka government has changed the stamp duty of Bangalore. But why do the rates differ in each state?

Property Registration Charges in Bangalore

Although stamp duty rates have been slashed, Bangalore's current home registration charges have not changed. Based on the constant rate, a buyer has to pay 1% of the deal value as a registration charge in addition to the stamp duty charges. However, if you are a first-time homebuyer, you get a rebate for first-time registration. 

Flat Registration Charges in Bangalore

With the recent slash in stamp duties in Karnataka, both real estate agents and buyers sigh relief.

You must pay 1% of the total property value as a property registration cost in Bangalore.
Stamp duty on resale flats decreases with age. However, registration charges for resale flats in Bangalore still stand at 1% of the total market value of the resale flat. 

Stamp Duty and Registration Charges in Bangalore (2024): Current Rates 2024

Here's a breakdown of the current stamp duty and registration charges in Bangalore for 2024:

• Stamp Duty:
  • Up to Rs. 20 lakh: 2%
  • Between Rs. 21 lakh and Rs. 45 lakh: 3%
  • Above Rs. 45 lakh: 5%
• Additional Charges (applicable on stamp duty):
  • Cess: 10% (except for rural areas)
  • Surcharge:
    • Urban Areas: 2% (for properties above Rs. 35 lakhs)
    • Rural Areas: 3% (for properties above Rs. 35 lakhs
• Registration Fee:
  • 1% of the property value (no matter the ownership type or value)
• Important Points:
  • The stamp duty and surcharge are calculated on the higher of the following two values:
    • The market value of the property
    • Guidance value set by the government
  • The cess and registration fees are calculated on the property value.

Example:

Let's say you're buying a property in Bangalore with a market value of Rs. 40 lakh:

• Stamp Duty: Rs. 40 lakh * 3% = Rs. 1,20,000
• Cess: Rs. 1,20,000 * 10% = Rs. 12,000 (applicable in urban areas)
• Surcharge: Rs. 1,20,000 * 2% = Rs. 2,400 (applicable in urban areas)
• Registration Fee: Rs. 40 lakh * 1% = Rs. 40,000
• Total Cost: Rs. 1,20,000 (Stamp Duty) + Rs. 12,000 (Cess) + Rs. 2,400 (Surcharge) + Rs. 40,000 (Registration Fee) = Rs. 1,74,400

Stamp Duty and Registration Charges in Bangalore for Females and Men in 2024

There's no difference in stamp duty and registration charges in Bangalore based on the buyer's gender. Just like for women, men also pay the same rates.

Here's a breakdown of the charges again:

• Stamp Duty:
  • 2% for properties less than Rs. 20 lakh
  • 3% for properties between Rs. 21 lakh and Rs. 45 lakh
  • 5% for properties above Rs. 45 lakh
• Registration Charge: Flat 1% of the property value

House Registration Charges in Bangalore 2024

The registration charges are 1% of the total property value for both individually or jointly owned(male/female) houses.

Site Registration Charges in Bangalore 2024

In Bangalore, if you want to own a site, you have to pay 1% of the total market value of the particular property site as the site registration charge.

Land Registration Charges in Bangalore 2024

During this process, the seller transfers the ownership of the land to the buyer. The buyer, in turn, has to pay a certain fee to the Government for registering the land under their name. In this case, too, the new owner has to pay 1% of the total market value of the land.

Sale Agreement Registration Charges in Bangalore 2024

The stamp duty for sale agreement registration is usually 0.1% of the Sale consideration or the Guidance value, whichever is higher. However, the registration charges remain at 1% of the total property/land value.

Area Taken into Consideration Depending on Type of Property when Calculating Stamp Duty

Property Type	Method of Stamp Duty Calculation
Empty Plots of Land	Square foot area of plot x Current Guideline Value
Independent Homes	Total Constructed Area
Multi-storey Apartments	Super Built-Up Area

GPA Registration Charges in Bangalore 2024

During the sale of land or property, the seller transfers the Power of Attorney to the buyer. It means that the seller has granted permission to use his property in whatever way they like. But, of course, this includes the future sale of the property too. 

Article 41 of the Karnataka Stamp Act mandates that Rs 100 will be levied individually for stamp duty and registration charges in Bangalore.

Stamp Duty And Registration Charges For Conveyance Deed In Bangalore 2024

The stamp duty rates applicable to conveyance deeds in Bangalore are as follows:

Document: Conveyance (flats/apartments)

• Stamp Duty: 5% on market value + additional duty + surcharge
• Registration Fee: 1%

Document: Conveyance by KHB/BDA

• Stamp Duty: 5% on consideration as per the document + additional duty + surcharge
• Registration Fee: 1%

Document: Conveyance on Transferable Development Rights (TDR)

• Stamp Duty: 5% on the market value or higher value + additional charge + surcharge
• Registration Fee: 1%

Stamp Duty And Registration Charges For Gift Deed In Bangalore 2024

For property transfer through a gift deed, registration charges in Bangalore are:

If the donee is not a family member of the donor:

• Registration charges: 1% 

If the donee is a family member of the donor:

• Registration Charges: ₹500 

Stamp Duty And Registration Charges For Lease Deed In Bangalore 2024

When transferring property via a lease deed in Bangalore, the following charges are applicable:

• Up to 1 year residential: 0.5% on the average annual rent (AAR) + Advance + Premium + Fine (Max. Rs. 500)
• Up to 1 year commercial and industrial: 0.5% on AAR + Advance + Premium + Fine (Rs. 5 for every Rs. 1000/- or part thereof, Min. Rs. 100)
• 1 year to 10 years: 1% on AAR + Advance + Premium + Fine (Rs. 5 for every Rs. 1000/- or part thereof)
• 10 years to 20 years: 2% on AAR + Advance + Premium + Fine (Rs. 5 for every Rs. 1000/- or part thereof)
• 20 years to 30 years: 3% on AAR + Advance + Premium + Fine (Rs. 5 for every Rs. 1000/- or part thereof)
• Above 30 years or perpetuity or not for a definite term: As per Article 20 on market value or AAR + advance + premium + deposit + fine (whichever is higher)
• Lease Only between Family members: Rs. 1000/- and Registration Fee: Rs. 500/-

Stamp duty and registration charges for joint development agreement in Bangalore 2024

A joint development agreement for the sale of immovable property attracts stamp duty at one per cent of the total market value or a maximum of Rs. 15 lakhs. The registration fee for this agreement is also one per cent or a maximum of Rs. 150,000.

Stamp Duty And Registration Charges For Rental Agreement In Bangalore 2024

Stamp duty and registration charges for rental agreements in Bangalore vary based on the tenure:

• For a rental period of less than one year: 0.5% stamp duty or a deposit of Rs. 500 (whichever is lower)
• For 1 to 10 years of renting: Stamp duty is a percentage of the total annual rent or a deposit of Rs. 500 (whichever is lower)
• For a lease duration of 10 to 20 years: Stamp duty is 2% of the annual rent or a deposit of Rs. 500 (whichever is lower)

Stamp Duty And Registration Charges For Cancellation Deed In Bangalore 2024

The charges for a cancellation deed in Bangalore are as follows:

• Cancellation of any instrument previously executed on which stamp duty has been paid as per any article of the schedule:
  • The same duty as on the original agreement
  • Rs. 100 or 1% on market value if it is a cancellation of conveyance (if the original agreement is a conveyance on sale, then the stamp duty will be as per Article 20(1))
• In favour of Government or Local Authorities: Rs. 100
• In any other case: Rs. 100

Factors That Determine State Stamp Duty Rates

1. Age of Property: Stamp duties are collected based on a property's total value. As a property age, its value depreciates, making it cheaper than a brand-new one. 
2. Age of Property Owner: Senior citizens benefit from paying a subsidised stamp duty rate in most states. That's why age is also a significant determinant of stamp duty charges.
3. Gender of the Owner: In most states, females pay a subsidised stamp duty rate compared to males. That's why gender is also an important factor.
4. The purpose of buying the property: Commercial properties attract higher stamp duty charges than residential properties. Why? They will inevitably have a plethora of amenities than residential buildings and also amass significant revenue as the years go by.
5. Property location: Stamp duty charges vary considerably based on urban or village panchayat areas. 
6. Extra amenities: The more amenities, the higher the stamp duty. An independent builder-floor flat will attract lesser stamp duty than a residential flat packed with a library, gym, and swimming pool.

The Karnataka government has slashed the stamp duty rates and amendments to the original Stamp Duty Act, 1957. Under this amendment, the stamp duty charges have been cut to 3% for properties priced between Rs 35 lakh and Rs 45 lakh.

In 2020, the Government already slashed the stamp duty rates for properties priced less than 35 lakhs. For properties priced above 45 lakhs, you have to pay 5% additional on the total property value as stamp duty. There is a further 10% cess and 2% surcharge on the stamp duty rates for properties under this range. In total, a 5.6% stamp duty is levied in urban areas. For properties under the Village Panchayat, stamp duty is 5.65%.  However, there is no change in the property registration charges.

Tax Benefits on Stamp Duty and Registration Charges in Bangalore 2024

Purchasing a home can be a significant financial commitment, but homebuyers in Bangalore can take advantage of tax exemptions on the amount paid for stamp duty and registration charges. The maximum tax deduction limit is Rs 1,50,000 under Section 80C of the Income Tax Act 1961. However, there are certain criteria to be met to avail of these benefits:

• Property Ownership: To claim tax benefits, the property must be legally registered in the individual's name.
• Completion of Construction: The property's construction should be fully completed.
• Joint Ownership: Tax exemptions also apply to jointly owned properties. Co-owners can claim these expenses in their Income Tax Returns (ITRs) based on their share in the property.
• Excluded Properties: It's important to note that tax benefits do not apply to commercial properties, resale properties, and residential plots.
• Genuine Expenses: To qualify for tax benefits in Bangalore, the actual expenses incurred for stamp duty and registration charges must be documented and substantiated.

Factors Affecting Stamp Duty Charges 2024

Various factors determine stamp duty rates. Homebuyers must consider these factors because they impact Bangalore's and other cities' house or apartment registration charges in Bangalore. ​

• Nature of property- Stamp duty rates are higher for commercial properties.
• Location of property- Urban properties are subject to higher stamp duties.
• Age of the property- Older buildings are less expensive.
• Gender of owner- Women typically pay less in state stamp taxes. Both men and women pay the same rates in Bangalore.
• Age of the buyer- Seniors would pay cheaper stamp duty.
• Amenities and services- Greater amenities equate to higher stamp duty.

Calculating Stamp Duty and Registration Charges in Bangalore Online 2024

Stamp duty rates are never fixed and can be changed several times based on the condition of the real estate sector. Karnataka Government has no set timelines for the revision of stamp duty and registration charges. 

Another notable feature is that unlike some states like Haryana and Rajasthan, Karnataka does not distinguish between male and female owners in Bangalore as far as stamp duty is concerned. 

Let us take a look at the prevalent standards for calculating stamp duty in Bangalore:

• For multi-storeyed apartments, stamp duty is calculated based on the super-built-up area of the property.
• For a plot of land, the property area in sq. ft is multiplied by existing guideline values of the concerned area.
• For independent builder floors, the total construction area will be considered.

For the city of Bangalore, stamp duty revisions often happen due to:

• The existing market rate of properties.
• Expansion of city limits.
• The performance of the property in the real estate market.

If you are buying or wish to buy a property in Bangalore, you can check the stamp duty for the same by checking the stamp duty calculator services rendered by the Karnataka government. 

Follow These Steps:

Step 1. Visit the Kaveri Online Services portal.

Step 2. To proceed, select the "Nature of the document." We have selected the "Sale of Flat" option here for illustrative purposes. Then click on the "Show Details" tab.

Step 3. Now, you will be required to fill in all the necessary details like the Region Type- whether BBMP, City corporation, Gram Panchayat or something else. You can choose the appropriate region type from the Drop-down menu.  Some other values that are to be provided are the Indicative Market Value and Indicative Consideration amount. If you don't know the market value, you can find out by clicking the "Calculate Market Value" tab.

Step 4. After you fill in these details, the calculator will show your Total Stamp duty along with the Government duty, surcharges, and registration fees for your property.

Bangalore Registration Charges for Properties 2024

You must pay the registration cost, stamp duty, and challan charge to register a property in Bangalore. You also need to pay some additional surcharges on top of that. To get a clearer idea of the upfront costs involved, explore a "home registration charges in Bangalore" calculator before finalising your property purchase.

Bangalore charges 1% of the property's value as the registration cost for registering real estate.

Stamp Duty Surcharge In Bangalore 2024

There are three different sorts of extra fees: BMRDA and surcharges, BBMP and corporate surcharges, and BBMP and village area cess. These are, accordingly, 10%, 2%, and 3% of the stamp duty.

Additionally, you must pay 5.6% of the property's value in stamp duty.

You can use the online stamp duty calculators to figure out the stamp duty. Simply enter your property's information and select the calculate option.

Karnataka State Government Slashes Stamp Duty by 3%

The state of Karnataka has recommended a 3 percent reduction in stamp duty fees for properties worth between Rs. 35 lakh and Rs. 45 lakh. Only properties that fit under the category of affordable housing will be eligible for the reduction in stamp duty. Since this market makes up 48% of the nation's unsold inventory, a decrease in stamp duty fees would encourage the selling of such properties.

Latest Updates and News on Stamp Duty in Karnataka 2024

After a gap of 28 years, the State Government has this week effected a hike between 200% and 500% in the Stamp Duty charges for all documents that do not require registration. A Bill to this effect was tabled and passed in the recent Legislature session in Belagavi, said informed sources. The Karnataka Stamp Act 1957 has been amended as the Karnataka Stamp (Amendment) Act 2023.

The Governor gave his consent for the amendment on February 3 and the gazette notification on the new rates was issued the same day.

A total of 25 kinds of documents are covered under it, including partition, adoption deed, affidavit, cancellation of deed, reconstruction or demerger of companies, hypothecation of movables, reconveyance of mortgage, and so on. This, however, does not apply to Property Tax.

Registration Charges Calculator Bangalore 2024

Follow the exact steps mentioned above and you will get your registration charges for Bangalore too. However, you can calculate this yourself. For Bangalore, the registration charge is 1% of the market value. So, a property worth Rs 1 crore will have a registration charge of 1 lakh.

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  • Buyer Assistance: We provide guidance and support throughout the buying process.
  • Registration: We handle property registration, saving you time and hassle.
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Registration Charges Calculator Bangalore

Follow the exact steps mentioned above and you will get your registration charges for Bangalore too. However, you can calculate this yourself. For Bangalore, the registration charge is 1% of the market value. So, a property worth Rs 1 crore will have a registration charge of 1 lakh.

Buying a new house is always a great experience. However, figuring out all the payable charges according to the law can be a hassle. Make your house buying experience smoother with our legal assistance at NoBroker who can advise you regarding the stamp duty and registration charges in Bangalore. Want to know more about property related updates in various cities? Visit our site and stay updated with the recent developments.

Frequently Asked Questions