When purchasing property in Bangalore, buyers must factor in government-imposed stamp duty and registration charges. These charges vary based on the property’s value and whether it is a new purchase from a builder or a resale transaction.
For New Property Purchases from a Builder
1. Property Value Below Rs.20 Lakh
- Stamp Duty & Surcharge: 2.04%
- Cess: 0.2%
- Registration Charges: 1%
- Scanning Fee: Rs.50 per page
- TDS: Not applicable
2. Property Value Between Rs.20 Lakh and Rs.45 Lakh
- Stamp Duty & Surcharge: 3.06%
- Cess: 0.3%
- Registration Charges: 1%
- Scanning Fee: Rs.50 per page
- TDS: Not applicable
3. Property Value Above Rs.45 Lakh
- Stamp Duty & Surcharge: 5.1%
- Cess: 0.5%
- Registration Charges: 1%
- Scanning Fee: Rs.50 per page
- TDS: 1% (Applicable only if property value exceeds ₹50 Lakh)
For Resale Property Purchases (Any Property Value)
- Stamp Duty & Surcharge: 5.1%
- Cess: 0.5%
- Registration Charges: 1%
- Scanning Fee: Rs.50 per page
- TDS: 1% (Applicable only if property value exceeds ₹50 Lakh)
Important Points to Remember
- Calculation Basis: The above percentages are applied on the purchase price or guidance value, whichever is higher.
- Guidance Value: Also known as circle rate or government value, it is the minimum value at which a property can be registered, as prescribed by the Department of Stamps & Registration for each locality.
- Ownership Type: Charges remain the same for men, women, and joint ownership.
TDS Rates for Non-Resident Indians (NRIs)
- Below Rs.50 Lakh: 20.80%
- Rs.50 Lakh to Rs.1 Crore: 22.88%
- Above Rs.1 Crore: 23.92%
Need Assistance with Property Registration in Bangalore?
We offer end-to-end property registration services in Bangalore, ensuring a smooth and hassle-free process.
- Email: pgnproperties@gmail.com
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