Banglore Stamp Duty 2024

Stamp duty is a legal fee paid by a buyer to the local registrar to register a property in government records. How much stamp duty and registration fee will I have to pay if I buy a property in Bangalore in 2024?

Stamp duty charges for men in Bangalore/Karnataka 2024:

• If the property cost is above 45lacs, then stamp duty will be 5%
• If the property cost is between 21 to 45lacs, stamp duty will be 3%
• If the property cost is up to 20lacs, stamp duty will be 2%

Stamp duty charges for Women in Bangalore/Karnataka 2024:

When a man, woman or joint buys a property regardless of gender

• stamp duty in Karnataka will be 3% up to 45lac property
• 2% if the property is less than 20lac
• Registration charges will be 1% of the total property value

Registration charge:

property cost	men	women
if the property is more than 40lac	1%	1%
if the property is between 21-40lacs	1%	1%
if the property is up to 20lac	1%	1%

stamp duty surcharges in Banglore:

Bangalore stamp duty surcharge Apart from stamp duty in Karnataka, there is a need to budget for levies and surcharges as part of property registration fees in Bangalore and other cities in the state. Properties priced above Rs 35 million will be subject to 10% surcharge and 2% surcharge. This also applies to urban areas. So you will actually pay 5.6% stamp duty. In rural areas, a home buyer pays 5.65% stamp duty, while he is 3%.

Stamp duty on other legalities in Bangalore, Karnataka:

In a move that will significantly increase the cost of document registration in the state, the Karnataka government on December 11, 2023, passed a bill to increase stamp duty on various property transfer documents. After being introduced in the state assembly on December 7, the Karnataka Stamps (Amendment) Bill, 2023, aimed at increasing stamp duty in the state, was passed on December 11.

Karnataka Stamp Duty from 11 December 2023 onwards Revised,

adoption deed: Stamp duty on adoption certificate will be increased from Rs 500 to Rs 1,000.

affidavit Stamp duty on affidavits will be increased from Rs 20 to a maximum of Rs 100.

power of attorney Stamp duty on power of attorney has been increased from Rs 100 to Rs 500. If more than 5 but not more than 10 persons are authorized by power of attorney, the stamp duty will be Rs 1,000 instead of the previous Rs 200.

• Divorce registration Stamp duty on divorce papers will be increased from 100 rupees to 500 rupees.
• certified copy For certified copies, stamp duty increases from Rs 5 to Rs 20.
• Trust Stamp duty for trust registration will be increased from the current 1,000 rupees to 2,000 rupees.
• Company merger transfer deed Stamp duty on transfer deeds associated with corporate mergers has been increased from 3% to 5%.

A portion of land converted to non-agricultural purposes:

Stamp duty on a portion of land converted for non-agricultural purposes will be increased from Rs 1,000 to Rs 5,000 per share in urban areas.

on land parcels converted for non-agricultural purposes Stamp duty will be increased from Rs 500 to Rs 3,000 per gram panchayat.

on sub-division of agricultural properties Stamp duty will be increased from Rs 250 to Rs 1,000 per share in gram panchayat.

Stamp Duty on Commercial Properties in Bangalore

Registration of commercial properties including commercial establishments, hospitals, private schools, colleges and other office premises attracts the following stamp duty:

• Stamp Duty: 5% of market value or equivalent, whichever is higher
• Tax: 10% stamp duty
• Additional Charges: If the property is in urban areas, a stamp duty of 2% is levied.
• If the property is in rural areas, a stamp duty of 3% is applicable.
• Registration Fee: 1% of market value or equivalent, whichever is higher.

Stamp Duty on Commercial Properties in Bangalore

Registration of industrial properties (land used for construction of factories and industries) attracts the following stamp duty:

• Stamp Duty: 5% of market value or equivalent, whichever is higher.
• Tax: 10% stamp duty.
• Additional charges: 2%
• stamp duty if the property is in an urban area. 3%
• stamp duty if the property is located in a rural area.
• Registration fee: 1% of market value or equivalent amount, whichever is greater.

Frequently Asked Questions:

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