According to the Indian Stamp Act 1899, Property buyers in Karnataka are liable to pay Stamp duty and registration charges to the Government. The Stamp duty & registration fees make sure that the Real Estate property transaction is properly recorded in the government’s databases. Check out the article to get insights on the latest stamp duty and registration charges in Karnataka and the process for calculation.
Page Contents
- Latest Stamp Duty and Registration Charges in Karnataka 2024
- Stamp Duty and Registration Charges in Karnataka for Women
- What are Property Registration Charges in Karnataka?
- Step-Wise Stamp Duty and Registration Charges in Karnataka Calculation Process
- How to Pay Stamp Duty And Registration Charges in Karnataka
- Which Factors Decide Stamp Duty & Registration Charges in Karnataka
- FAQs
Latest Stamp Duty and Registration Charges in Karnataka 2024
A property transaction in Karnataka includes stamp duty and registration fees. When a property is purchased in Karnataka or in Bangalore, the purchaser is required to pay the authorities the required stamp duty.
The stamp duty & registration charges in Karnataka vary from 2 to 5% of the transaction amount, as stated in the sale contract.
The Karnataka government reduced the stamp duty for a given price range during the COVID-19 pandemic crisis.
Stamp duty prices had been reduced by the government from 5% to 3%. However, this was limited to residences with a value of property around Rs 35 L to Rs 45 L.
In addition, it only applied to new property registrations.
Here are the latest Stamp Duty and Registration charges in Karnataka.
| Group | Stamp Duty in Karnataka | Registration charges in Karnataka |
| For Male | 2% for Property Price Below Rs 20 Lakhs | 1% |
| 3% for Property Price Between Rs 21-45 Lakhs | 1% | |
| 5% for Property Price Above Rs 45 Lakhs | 1% | |
| For Male & Female Joint Purchase | 2% for Property Price Below Rs 20 Lakhs | 1% |
| 3% for Property Price Between Rs 21-45 Lakhs | 1% | |
| 5% for Property Price Above Rs 45 Lakhs | 1% | |
| For Male & Male or Female & Female
Joint Purchase |
2% for Property Price Below Rs 20 Lakhs | 1% |
| 3% for Property Price Between Rs 21-45 Lakhs | 1% | |
| 5% for Property Price Above Rs 45 Lakhs | 1% |
The Karnataka government urge stamp duty and registration fees on additional services besides property registration.
You can visit the Stamp Duty and Registration Department’s official website to know the list.
Also, Read Stamp Duty and Registration Charges in Maharashtra 2024
Stamp Duty and Registration Charges in Karnataka for Women
The stamp duty and registration charges in Karnataka for women range from 2% to 5% depending on the value of a property.
Here are stamp duty in Karnataka and registration charges for women.
|
Group |
Stamp Duty in Karnataka | Registration charges in Karnataka |
|
For Women |
2% for Property Price Below Rs 20 Lakhs | 1% |
| 3% for Property Price Between Rs 21-45 Lakhs |
1% |
|
| 5% for Property Price Above Rs 45 Lakhs |
1% |
People should be aware that in addition to stamp duty, the government imposes cess and
surcharge.
A 2% fee and a 10% cess should ideally be applied to properties costing more than Rs 35,000.
A 3% premium is required when purchasing a home in a rural region since a 5.65 % stamp duty must be paid.
Also, Read 5 Benefits Of Registering Property in Wife’s Name In India
What are Property Registration Charges in Karnataka?
Here are the property registration charges in Karnataka below,
Step-Wise Stamp Duty and Registration Charges in Karnataka Calculation Process
The Department of Stamp Duty and Registration of Karnataka offers a simple tool on the official portal for stamp duty calculation.
Here is Step by Step Process for Stamp Duty and Registration Charges in Karnataka Calculation.
Step 1: Visit the official portal of the Stamp Duty and Registration Department of Karnataka ie. Kaverionline Portal.
Step 2: On the home page, Go to Stamp Duty & Registration Fee Calculator from services for guest users.
Step 3: The calculator will be displayed on your screen. On that fill out Region Type, Indicative Market Value, Indicative considerate amount, and press Calculate.
The following values will be displayed on your screen.
How to Pay Stamp Duty And Registration Charges in Karnataka
The stamp duty payments in Karnataka above Rs 2000 cannot be made online.
Here are methods to pay Stamp Duty and registration charges in Karnataka.
- Buy imprinted stamps from authorised merchants or the Treasury
- Use a check or demand draught (DD) issued by a nationalised bank to pay the government Stamp duty.
- Online Payment mode on the official portal only up to Rs 2000.
You can also generate a Challan on the government’s official website by filling out the necessary details.
Also, from a website, a user can obtain the listing of SRO
Which Factors Decide Stamp Duty & Registration Charges in Karnataka
The following factors are involved in deciding stamp duty and registration charges in Karnataka.
Age Of Property: Prices for older properties are lower.
Location Of Property: Property in urban areas is subject to higher stamp duty as compared to rural areas.
Age of Buyer: In Karnataka, senior citizen residents pay lesser stamp duty.
Type of Property: Stamp duty for commercial properties is higher as compared to residential property.
Amenities and Services offered: More amenities and services result in increased stamp duty.
Also, Read Stamp Duty And Registration Charges In Tamil Nadu 2024
FAQs
| What are the stamp duty and registration charges in Karnataka 2024?
In Karnataka Stamp duty and registration, charges vary from 2-5% depending on the value of the property. |
| How much is stamp duty for first-time buyers?
If the proper price is between Rs 35- 45 L then the stamp duty charges can be from 3- 5% in Karnataka for first-time home buyers. |
| How to calculate the stamp duty and registration charges in Bangalore?
Bangalore’s current stamp duty rates apply to properties valued under 20 lakh are 2%. While the stamp duty is 3% if the property’s worth is between Rs 21 and 35 lakhs. For properties worth more than 35 lakh rupees, a 3% stamp duty is applied. |
| Do cash buyers pay stamp duty?
Yes if you are buying a property in Karnataka, you are liable to pay stamp duty charges to the Government. |
