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Stamp Duty and Property/Flat Registration Charges in Bangalore

What Are Stamp Duty Rates for Properties in Bangalore?

What Is the Stamp Duty in Bangalore for Men and Women?

Gender

Stamp Duty Rate

Registration Charges

Male

5% , 3%, 2% if property value is above ₹ 45 lakhs, between ₹21-45 lakhs, and less than ₹20 lakhs respectively

1% of total property value

Female

5% , 3%, 2% if property value is above ₹ 45 lakhs, between ₹21-45 lakhs, and less than ₹20 lakhs respectively

1% of total property value

Joint (Male + Female)

5% , 3%, 2% if property value is above ₹ 45 lakhs, between ₹21-45 lakhs, and less than ₹20 lakhs respectively

1% of total property value

Joint (Female + Female)

5% , 3%, 2% if property value is above ₹ 45 lakhs, between ₹21-45 lakhs, and less than ₹20 lakhs respectively

1% of total property value

Joint (Male + Male)

5% , 3%, 2% if property value is above ₹ 45 lakhs, between ₹21-45 lakhs, and less than ₹20 lakhs respectively

1% of total property value

[1]

What Is the Stamp Duty in Bangalore as Per Area Type?

Areas

Stamp Duty

Urban areas

5.6% (for properties more than ₹ 35 lakh)

Rural areas

5.65%

What Is the Stamp Duty on Gift Deed in Bangalore?

In a scenario of transferring property through gift deed, the following stamp duty will be applicable:

Transfer Type

Stamp Duty

If the donor is not a family member of donee

5% + Surcharge + Additional duty

If the donor and done is a family member

₹ 1000 + Surcharge + Additional duty

Note: In Bangalore, the buyer must pay a 2% surcharge and 10% cess on stamp duty for property valued above ₹35 lakhs. However, in rural areas, the buyer must pay a surcharge of 3%.

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

Stamp duty is calculated based on property value and circle rates. Circle rate is the minimum value under which you cannot buy a property in India. Stamp duty is primarily levied on a higher circle rate or property value.

This means, if the circle rate is ₹ 55, 00,000 and property value is ₹ 60,00,000, stamp duty will be applicable on the greater value, i.e. ₹ 60, 00,000.

Let us now calculate stamp duty and registration charges in Bangalore for a flat -

Area

Rate

Circle Rate

₹ 38,400 per sq. m

Flat Size

1, 500 sq. m

Total Value

₹ 5,76,00,000

Stamp Duty

5.6 % of ₹ 5,76,00,000= ₹ 32,25,600

The property registration charges in Bangalore can be calculated as well:

Area

Rate

Property Cost

₹ 5,76,00,000

Registration Charges

1% of ₹ 5,76,00,000 = ₹ 5,76,000

How to Use a Stamp Duty Calculator?

How to Pay Stamp Duty and Registration Fees in Bangalore?

What Are the Points to Consider Before Paying the Stamp Duty in Bangalore?

What Are the Factors That Affect Stamp Duty Charges in Bangalore?

Factors affecting stamp duty charges in Bangalore are –

Factors

Effect on Stamp Duty Charges in Bangalore

Property’s Age

Older the property, lesser the stamp duty rates.

Property Owner’s Age

Senior citizens usually pay a lesser stamp duty charge.

Location of Property

Properties in urban localities have greater stamp duty rates than those in suburban or rural areas.

Property’s Purpose

Stamp duty charges are higher if the property is used for commercial purposes.

Amenities

If a property has more amenities, it charges a higher stamp duty.

Are Tax Benefits Available on Stamp Duty and Registration Charges?

FAQs About Stamp Duty & Property Registration Charges in Bangalore