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Should registration of flat be done on the guidance value set by government or the actual sale value?

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  Whichever is higher. In Karnataka including Bangalore, the stamp duty and registration cost is based on either government value or sale value, whichever is higher. In order to avoid underpayment of stamp duty and registration cost, the revenue department fixes market value for every property. One has to pay stamp duty and registration cost either on market value (government value) or sale value, whichever is on the higher value. Below are the stamp duty and registration cost for a flat in Bangalore, Sale value 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 Sale value 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 = 3.03% Total regist

Who provides a good service on exterior cleaning in Bangalore?

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  When it’s time to give your home’s exterior a good cleaning, Whatsapp to +91 - 9 7 4 2 4 7 9 0 2 0. Your home will love you! When it comes to the inside of your home, you usually stick to a pretty regular cleaning schedule. But it’s easy to forget that the outside of your home needs some attention too! But after a long winter, all sorts of dirt, grime, mold, mildew, and other nasty substances can collect on your siding, windows, walkways, patios, and more. Cleaning your siding regularly extends its life and adds instant curb appeal to your home. Virtually every surface of your home can be “detailed” by us. Our friendly, janitors have the knowledge and equipment to clean your siding, windows, trim, flashing, gutters, decks, patios, and driveways. One phone call or Whatsapp and you can schedule your visit from us. House Washing Services We use two methods to wash your home soft wash or hand wash and pressure washing. Both methods are effective. For vinyl, wood, and delicate surfaces, h

Property registration and stamp duty guidance needed? Is registration done on market value or property value?

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  Whichever is higher. In Karnataka including Bangalore, the stamp duty and registration cost is based on either market value or property value, whichever is higher. In order to avoid underpayment of stamp duty and registration cost, the revenue department fixes market value for every property. Once has to pay stamp duty and registration cost either on market value or property value, whichever is on the higher value. Below are the stamp duty and registration cost for an apartment building in Bangalore, Value 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 Value 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 = 3.03% Total registration fe

How do I purchase a flat when the owner is going out of the country? Can I purchase it through a power of attorney? and How?

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Yes, can purchase through Power of Attorney (POA) A property transaction is valid when a sale deed is registered. In your situation, an owner should issue a POA to his blood relative in India. Through POA issued to a blood relative, a sale deed can be registered, complete the financial and property transaction. A POA holder in India represents an owner to execute a sale deed and smooth transfer of property from seller to buyer. We completed many property transactions through POA issued by NRIs. Based on our experience, listing below few important points for your consideration An owner should issue POA only to his blood relative. POA issued to non-blood relatives is not valid. A POA should be registered. Draft a POA favorable to you, in such a way that satisfies your buying fulfillment Check the tax implications of buyer and seller. For example: If your property worth more than Rs. 50 Lakh, an owner should obtain a low tax certificate to bring down the TDS cost to 1% or 20% TDS may appl

Where can I find the current guidance value of the property in Bangalore?

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  Guidance value of property available on  Kaveri Online services.  The  Kaveri Online services  is a government website initiated by Department of Stamps and Registration, Government of Karnataka Below is the step by step procedure to find a current guidance value for your property, Step 1:  Open the website  Kaveri Online Services . The below website image for your reference. Step 2:  On the home page, scroll down a bit and click on “Know your property valuation”. Refer to the below image in the circle Step 3:  In the Districts, select the name of the district where your property located. For example: We selected Bangalore Urban, below image for your reference. Step 4:  In the Area Name, type the name of an apartment or area name of your property. For example: We have a flat in Sobha Ruby apartment in Bangalore Urban, hence we typed “Sobha Rudy” in Area name, where my apartment name automatically popup for selection. Automatically your Taluka, village name, and Hobli details displays