Stamp Duty and Registration Charges in Bangalore, 2024

What are Stamp Duty and Registration Charges?

Stamp duty refers to the amount that buyers must pay; it is essentially a levy that the government collects on real estate sales. The property paperwork must be verified for every legal property transaction.  A registration fee is required when a buyer purchases or transfers real estate and has it registered in their name. These costs are incurred in order to update government documents and register the property in your name.

Factors Determining the Stamp Duty and Registration Charges in Bangalore

• Property age: The whole worth of a property is used to calculate stamp duty collections. A property’s value decreases with time. For this reason, older homes are typically less expensive than new ones.
• Age of Property Owner: In most jurisdictions, senior individuals are eligible to pay a reduced stamp duty rate. Because of this, stamp duty rates are also significantly influenced by age.
• Owner’s gender: In the majority of states, women pay a lower rate of stamp duty than men. Gender is therefore a significant influence as well.
• The reason for purchasing the property: Compared to residential buildings, stamp duty costs are greater for commercial properties. Why? Because they will unavoidably feature many more facilities than residential structures and will also generate a sizable amount of income over time.
• Property location: The amount of stamp duty paid depends on whether the property is in an urban or rural panchayat.
• Extra amenities: The stamp fee increases with the number of facilities. Stamp duty on an independent builder floor apartment is lower than that of a residential apartment with a swimming pool, gym, and library.

Stamp Duty and Registration Charges in Bangalore Based on Documents

Sale Deed: Stamp Duty and Registration Charges in Bangalore

Sale Deed Type	Stamp Duty Charges	Registration Fees
Sale deed with possession	5% on the total market value	1% on the total market value
Sale deed without possession	0.1% on the total market value or the considered amount (Min Rs 500 and Max Rs 20,000)	Rs 20
Joint Development Agreement	1% Maximum or 15 lakhs	1% maximum or 1.5 lakhs

Conveyance Deed: Stamp Duty and Registration Charges in Bangalore

Conveyance Type	Stamp Duty Charges	Registration Fees
Conveyance Deed for flats and apartments in Bangalore	5% of market value + Surcharge + Additional Duty	1% of the market value
Conveyance by KHB/BDA	5% of the consideration as specified in the agreement  + Surcharge + Additional Duty	1% of the market value
Conveyance on Transferable Development Rights (TDR)	5% of market value or the higher amount + Surcharge + Additional Duty	1% of the market value

Gift Deed: Stamp Duty and Registration Charges in Bangalore

Gift Type	Stamp Duty Charges	Registration Fees
Gift deed to a family member	1000 + Surcharge + Additional duty	Rs 500
Gift deed to a non-family member	5% of market value + Surcharge + Additional Duty	1% of the market value

Lease Deed: Stamp Duty and Registration Charges in Bangalore

Lease Type	Stamp Duty Charges	Registration Fees
Up to 1 year residential	0.5% on the average annual rent (AAR) + Advance + Premium + Fine. Max. 500	Rs 100
1 to 10 years	1% on the average annual rent (AAR) +Premium + Advance + Fine	Rs. 5 for every Rs.1000/- or part thereof
10 to 20 years	2% on the average annual rent (AAR) +Premium + Advance + Fine	Rs. 5 for every Rs.1000/- or part thereof
20 to 30 years	3% on the average annual rent (AAR) +Premium + Advance + Fine	Rs. 5 for every Rs.1000/- or part thereof
Above 30 years or perpetuity	As per Article 20 on market value or AAR + Premium + Advance + Deposit + Fine (whichever is higher)	1% of the market value
Lease between family members only	1000 INR	Rs 500
Up to 1 year commercial and industrial	0.5% on the average annual rent (AAR) + Advance + Premium + Fine.	Rs. 5 for every Rs.1000/- or part there of Min Rs. 100

Power of Attorney: Stamp Duty and Registration Charges in Bangalore

Power of Attorney Type	Stamp Duty Charges	Registration Fees
Admission of one or more documents registration	Rs 100	Rs 100
Authorizing one or more person for single transaction	Rs 100	Rs 100
Authorizing more than 5 person and less than 10 person for one transaction	Rs 100	Rs 100
When authorizing attorney to sell immovable property or given consideration for	5% on the total market value or the consideration value (whichever is higher)	1% of the total market value
When provided to a developer or promoter	1% of the market value or the consideration value (whichever is higher)	1% of the total market value or 1.5 lakhs maximum
When issued to individuals who are not the executant’s father, mother, wife, spouse, sons, daughters, brothers, or sisters, it permits them to sell State-owned real estate properties.	5% of the total market value	1% of the total market value
Other cases	Rs 200	Rs 100

Cancellation Deed: Stamp Duty and Registration Charges in Bangalore

Cancellation Agreement	Stamp Duty Charges	Registration Fees
Cancellation of any previously completed document for which stamp duty has been paid in accordance with any schedule item	Stamp duty as per the original document If the original document is on sale or conveyance then stamp duty will be as per Article 20 (1)	Rs 100 or 1% of the market value for conveyance
In favor of local authorities or government	Rs 100	Rs 100
In other cases	Rs 100	Rs 100

Stamp Duty and Registration Charges in Bangalore Based on Gender

The stamp duty and registration charges in Bangalore based on gender of the individual owner is listed,

Gender	Stamp Duty Charges	Registration Charges
Male Owner	5% for properties costing more than Rs 45 lakh3% for properties ranging between 21 lakhs and 45 lakhs2% for properties costing less than 20 lakhs	1% of the total property value
Female Owner	5% for properties costing more than Rs 45 lakh3% for properties ranging between 21 lakhs and 45 lakhs2% for properties costing less than 20 lakhs	1% of the total property value
Joint Owners (Male + Female)	5% for properties costing more than Rs 45 lakh3% for properties ranging between 21 lakhs and 45 lakhs2% for properties costing less than 20 lakhs	1% of the total property value
Joint Owners (Male + Male)	5% for properties costing more than Rs 45 lakh3% for properties ranging between 21 lakhs and 45 lakhs2% for properties costing less than 20 lakhs	1% of the total property value
Joint Owners (Female + Female)	5% for properties costing more than Rs 45 lakh3% for properties ranging between 21 lakhs and 45 lakhs2% for properties costing less than 20 lakhs	1% of the total property value

How to Calculate Stamp and Registration Charges for Your Property in Bangalore?

Calculation of Stamp Duty and Registration Charges If Property is below 20 lakhs

If you are buying an apartment in Bangalore for Rs. 18 lakhs in an urban area. The stamp duty and other charges would apply as follows,

• Stamp duty charges- 2% of the total property value which would be 36,000 INR.
• Surcharge- 2% on the stamp duty charges which would be 720 INR
• Cess Charge- 10% on the stamp duty charges which would be 3,600 INR
• Total Stamp Duty Charges- Stamp duty charges + Surcharge + Cess Charge; 36,000 + 720 + 3,600 = 40,320 INR
• Registration Charges- 1% of the total property value which would be 18,000 INR  
• Stamp Duty + Registration Charges- 40,320 + 18,000 = 58,320 INR

Calculation of Stamp Duty and Registration Charges If Property is above 45 lakhs

If you are buying a plot in Bangalore for Rs. 60 lakhs in an urban area. The stamp duty and other charges would apply as follows,

• Stamp duty charges- 5% of the total property value which would be 3,00,000 INR.
• Surcharge- 2% on the stamp duty charges which would be 6000 INR
• Cess Charge- 10% on the stamp duty charges which would be 30,000 INR
• Total Stamp Duty Charges- Stamp duty charges + Surcharge + Cess Charge; 3,00,000 + 6,000 + 30,000 = 3,36,000 INR
• Registration Charges- 1% of the total property value which would be 60,000 INR  
• Stamp Duty + Registration Charges- 3,36,000 + 60,000 = 3,96,000 INR

Calculation of Stamp Duty and Registration Charges If Property costs between 21 lakhs and 45 lakhs

If you are buying a villa in Bangalore for Rs. 25 lakhs in an urban area. The stamp duty and other charges would apply as follows,

• Stamp duty charges- 3% of the total property value which would be 75,000 INR.
• Surcharge- 2% on the stamp duty charges which would be 1500 INR
• Cess Charge- 10% on the stamp duty charges which would be 7,500 INR
• Total Stamp Duty Charges- Stamp duty charges + Surcharge + Cess Charge; 75,000 + 1500 + 7,500 = 84,000 INR
• Registration Charges- 1% of the total property value which would be 25,000 INR  
• Stamp Duty + Registration Charges- 84,000 + 25,000 = 1,09,000 INR

Stamp Duty and Registration Charges Tax Advantages

Although buying a property might be a large financial commitment, Bangalore residents can benefit from tax deductions on the amount they pay for registration and stamp duty. Section 80C of the Income Tax Act of 1961 sets a maximum tax deduction limit of Rs 1,50,000. To receive these advantages, though, you must fulfill a certain requirements:

• Ownership of the Property: The property must be lawfully registered in the owner’s name in order to qualify for tax benefits.
• Construction Completed: The building on the site ought to be finished.
• Joint Ownership: Properties that are owned jointly are likewise free from taxes. Depending on their percentage of the property, co-owners can deduct these costs from their income on their income tax returns (ITRs).
• Excluded Properties: It’s crucial to remember that residential plots, resale properties, and commercial properties are not eligible for tax incentives.
• Legitimate Expenses: In order to be eligible for tax benefits in Bangalore, the legitimate costs incurred for registration and stamp duty must be verified and recorded.

Frequently Asked Questions

1. How do I get my property registered in Bangalore?

In Bangalore, you may now register your property online. You may do this by using the Kaveri Online Services government portal. Depending on where your apartment is located in the city, the portal lists over 200 sub-registrar offices for you to register.

2. What happens if I forget to pay the stamp duty charges in Bangalore?

There may be fines, interest charges, and legal consequences if the necessary stamp duty is not paid. In addition, the transaction would be considered invalid until the stamp duty is settled.

3. How much is the surcharge and cess charges in Bangalore?

In Bangalore, the cess charge is 10% on the stamp duty value and surcharge is 2% on the stamp duty value.