What is the stamp duty in Karnataka?

Stamp duty in Karnataka applicable on properties have been slashed recently by the Government. The stamp duty and registration charges in Karnataka 2021 have been revised; stamp duty to 3% from 5% in a bid to promote investment in real estate of the state whereas registration charges are at 1% of the tidal value of the property. The scheme has been announced for properties ranging from Rs. 35 lakhs to Rs. 45 lakhs. 

A buyer has to pay 2% surcharges applicable in Karnataka for BBMP and Corporations.

There are several factors that affect stamp duty in Karnataka. These factors are:

• Property age
• Age of the buyer
• Gender of the owner
• Property nature
• Property location
• Services and amenities in and around the property

To calculate stamp duty in Karnataka you can perform the following steps:

1. Go to the official website, Kaveri Online Services, i.e.

   https://kaverionline.karnataka.gov.in/StampDutyCalculator/StampDutyCalculation

2. Fill the information such as Nature of Document from the dropdown menu and click on ‘Show Details’
3. Fill the property details including region type, BBMP, City Corporation, Municipal Corporation, Town Panchayat, Gram Panchayat, etc. from the dropdown menu.
4. Enter indicative market value, indicative consideration amount in the stamp duty calculator Karnataka.
5. Once you enter these details, you will get the stamp duty charges applicable.

When buying a property, you will be required to pay several taxes to legally obtain the property apart from paying the property amount. Some of the most common expenses are stamp duty and registration charges in Bangalore.

In simple terms, the legal fee that the property’s buyer is required to pay to the area’s sub-registrar to get the property registered under their name is known as stamp duty. Now, let me tell you the registration charges and stamp duty in Bangalore, Karnataka.

Let’s assume that a plot costs Rs. 6000 per sq. ft. as per BBMP. Therefore, the property’s guidance value will be 6000 times of 1000 = Rs. 60,00,000.

Now, if Rahul wants to buy a property of 1000 sq. ft. at Rs. 6000 per sq. ft., the property’s guidance value will be Rs. 6000 times of 1000 = Rs. 60,00,000.

Registration Charges are 3% of saleable value (Rs. 60,00,000) = Rs. 1,80,000.

Stamp Duty Charges are 5.6% of saleable value (Rs. 60,00,000) = Rs. 3,36,000. (Note: 5.6% = 5% stamp duty + 10% cess on stamp duty + 2% surcharge on stamp duty)

The total Stamp Duty and Registration charges in Bangalore will be Rs. 1,80,000. + Rs.

3,36,000 =Rs. 5,16,000

So, Rahul has to pay a total of Rs. 60,00,000 + Rs. 5,10,000 = Rs.

65,10,000 to get the property.

I hope now you clearly understand the stamp duty and registration charges in Karnataka (Bangalore) and don’t need any Karnataka stamp duty rates 2021 pdf anymore to know how to calculate these charges.

Stamp duty is a  tax that the property buyer is liable to pay at the time of property registration. The amount of stamp duty applied on a property depends on many factors such as size of the property, area, age of the property and market value. In this answer you will explore the current

stamp duty and registration charges in Bangalore 2021.

The property registration charges in Bangalore are `1% of the property value. Whereas the stamp duty charges in Bangalore  varies as per the value of property price. Take a look at the stamp duty changes in 2021 in Bangalore.

• When the property value is above 35 Lakh then the stamp duty will be applicable at 5% of the property value.

• If the price of a property is in between

   Rs 21 lakhs and 35 lakhs then 3% stamp duty will be charged on  those properties.

• 2% of stamp duty will be charged on the properties with less than 20 lakh value.

• Flat registration charges in Bangalore 2021 also depend upon the value of that property.

• 1% of the property value will be charged for the  land registration charges in Karnataka.

• Visit kaveri online services to know the stamp duty charges on your property.

• Under service for user guests click on stamp duty and fee calculator.

• Once you click on the stamp duty fee calculator you will be retired to a new page.

• There you need to provide the Property details, 

• Select BBMP City Corporation Municipal Corporation Town Panchayat Gram Panchayat / Other Areas City Municipal Council (CMC) Town Municipal Council (TMC)

• Enter intaravice market value of the property 

• Enter interactive construction amount 

• Proving an image for your reference. 

Hope you have got the idea of stamp