PGN Property

Category: Stamp Duty

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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.

Thank you for reading…

 

Categories
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…

Categories
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?

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