What are the stamp duty and registration charges in Bangalore?
Karnataka government reduced the stamp duty from 5.% to 2% for property priced below Rs. 20 Lakh and 3% for property priced between Rs. 21 -45 Lakh. Stamp duty remains unchanged for property value more than Rs. 45 Lakh, as earlier the stamp duty is 5% The change in stamp duty came to an effort from March 2021 to boost affordable housing during a covid-19 pandemic. The above stamp duty excludes the surcharges and cess. Below, we listed the complete stamp duty including surcharges, cess, and registration charges. Property valued less than Rs. 20 Lakh: Stamp duty: 2% of property value Surcharge Value : 0.1% of property value Cess Value : 0.2% of property value Total Stamp Duty : Stamp duty + Surcharge value + Cess value = 2.03% Total registration fees: 1% of property value Property valued between Rs. 20 lakh - 45 Lakh: Stamp duty : 3% of property value Surcharge Value : 0.1% of property value Cess Value : 0.3% of property value Total Stamp Duty : Stamp duty + Surcharge value + Cess value ...