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Category: Stamp Duty

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Stamp Duty

Are Stamp Duty and Registration Charges Paid Together?

Yes, in Karnataka, stamp duty and registration charges are typically paid together during the property registration process.

In addition to these two primary charges, several other fees are also applicable at the time of property registration. These include:

  • Stamp Duty
  • Registration Charges
  • Surcharge
  • Cess
  • Scanning Fee

At PGN Properties, we assist our clients with the seamless payment of all government charges related to property registration. If you wish to avail of our service, feel free to contact us at pgnproperties@gmail.com or via WhatsApp at +91-97424-79020.

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Stamp Duty

When do I have to pay Stamp Duty & Registration charge for property purchase in Karnataka?

Stamp Duty & Registration charge are paid just before the registration of sale deed

In Karnataka, Stamp duty and Registration charge are paid online and generate the challan. The challan looks like below image

The above challan is valid for 90 days from the day of payment so one can register the property within 90 days

We provide assistance to pay Stamp Duty and Registration charge. To opt for our service, please write to us pgnproperties@gmail.com or  Whatsapp to + 9 1 – 97424 79020.

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Stamp Duty

How much will be the stamp duty charges in Bangalore to register Rs 40 lakh apartment?

The Stamp Duty is different if you buy new flat from builder or resale flat from individual

For the consideration value of Rs. 40 lakh, below are the Stamp Duty and other charges for buying a new flat from builder: (Below % is based on the consideration value)

  • Stamp Duty & Surcharge (3.06%) = 1,22,400
  • Registration fee: (1%) = 40,000
  • Cess (0.3%) = 12,000
  • Scanning = Rs. 35 per page (approx Rs. 800)
  • Affidavit = 100

Total Stamp Duty & other charges are Rs, 1,75,300

For the consideration value of Rs. 40 lakh, below are the Stamp Duty and other charges for buying resale flat from individual. (Below % is based on the consideration value)

  • Stamp Duty & Surcharge (5.1%) = 2,40,000
  • Registration fee: (1%) = 40,000
  • Cess (0.5%) = 20,000
  • Scanning = Rs.35 per page (approx Rs. 800)
  • Affidavit = 100

Total Stamp Duty & other charges are Rs, 2,64,900

We provide end-to-end assistance to pay government charges and property registration, To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91 -97424-79020.

Thank you for reading…

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Stamp Duty

What is the Stamp Duty for Release Deed in Karnataka?

Learn about the stamp duty for a release deed in Karnataka. This blog explains the applicable rates and key considerations to ensure a smooth property transaction process

The Stamp Duty is Rs. 5000 for release Deed in Karnataka

Below is the cost break for the Release Deed within family members

  • Stamp Duty: 5000
  • Registration Fee: Rs. 1000
  • Scanning Rs. 35 per page (approx Rs. 450)

The total government charge is Rs. 6450/-

Refer to the below transaction receipt for your reference

Miscellaneous expense:

  • Document paper for printing Release Deed: Rs. 50 (Approx 10 paper, Each Rs, 5)
  • Printing cost Rs. 20
  • Agent fee in sub-registrar office for assisting registration: Rs. 3000 (approx)

The total cost for release deed registration is Rs. 9,650 including stamp duty, Registration fee, paper, printing and agent cost if you opt through agent

We provide end-to-end assistance in registering the Release Deed. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to + 9 1 – 97424 79020

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Stamp Duty

Can I buy a property in Banglore and register in Kerala?

Stamping and registration is a state matter, one cannot buy a property in Bangalore and register in Kerala.

Stamp duty and registration costs are paid to the same state where the property is located. In your case, if you buy a property in Bangalore, you have to register a property within the District jurisdiction of the property located. (Register within Bangalore)

Consider issuing POWER OF ATTORNEY if you have geographical, time, or health constraints to travel to Bangalore and register the property

Power of Attorney (POA) can be registered in Kerala and sent the POA to your attorney holder in Bangalore, your attorney holder can register the property in Bangalore without your presence.

We provide end-to-end assistance to execute POA. To opt for our service, please write to us pgnproperties@gmail.com or Whatsapp to +91-97424 79020.

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Stamp Duty

How do we calculate the stamp duty and registration charges of property in Bangalore?

Stamp Duty and Registration charges of property in Bangalore are auto-calculated on Kaveri Online Services

When we submit an application on Kaveri Online Services for property registration, your Stamp Duty and Registration charges are auto-calculated based on the consideration amount or guidance value, whichever is higher

Below is the calculation formula.

  1. Stamp duty: 5% of consideration amount
  2. Surcharge: 0.1% of consideration amount
  3. Cess Value: 0.5% of consideration amount
  4. Total Stamp Duty = stamp duty + Surcharge + Cess value
  5. Total Registration Fees: 1% of consideration amount

Using the above formula, we made a mock calculation based on my consideration price of Rs. 83 lakh.

  1. Stamp duty: 5% of consideration amount – Rs. 83,00,000 X5% = 4,15,000/-
  2. Surcharge: 0.1% of consideration amount – Rs.83,00,000 X 1% = 8,300/-
  3. Cess Value: 0.5% of consideration amount – Rs. 83,00,000 X0.5% =41,500/-
  4. Total Stamp Duty is Rs. 4,15,000+8300+14500 = 4,64,800/-
  5. Total Registration Fees: 1% of consideration amount – Rs.83,00,000 X 1% = 83,000/-

Additional information:

At the time of sale deed registration, you can offset the surcharge of 0.1% of consideration value if Stamp Duty is paid for “Sale Agreement”.

We provide end-to-end assistance for sale agreement and sale deed registration. To opt for our service, please write to us pgnproperties@gmail.com or WhatsApp to +91 – 97424 79020.

Thank you for reading…

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Stamp Duty

How can I pay stamp duty and registration online in Karnataka?

The Stamp Duty and Registration fee for immovable property registration are paid online on Kaveri Online Services, here is the weblink https://kaveri.karnataka.gov.in/landing-page

The process is, we need to submit an application + usually the application approved within 2-3 working days + pay the stamp duty & registration fee + Book a slot for registration 

Categories
Stamp Duty

How do I generate a stamp duty & registration challan for property registration in Bangalore?

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Stamp Duty and Registration fees are paid online on Kaveri Online Service. Here is the website link https://kaveri.karnataka.gov.in/landing-page

To register a property in Bangalore, you must submit an application on Kaveri Online Services, usually the application is approved within 2–3 working days, Make the payment of Stamp Duty & Registration and Book a slot for registration

We assist with property registration, please write to us pgnproperties@gmail.com or Whatsapp to +91-9742479020