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