In Bangalore, the stamp duty for sale agreement is typically 0.5% of the property’s market value or the consideration amount, whichever is higher. This payment is essential to legally validate the sale agreement and process the home loan application. Payment is made through the Khajane 2 portal, the official website for Karnataka’s treasury-related services.
Steps to Pay Stamp Duty for a Sale Agreement in Bangalore:
Access the Khajane 2 Portal: Navigate to the Khajane 2 website to initiate the payment process.
Generate a Challan: Input the necessary details to generate a challan for the stamp duty payment. Ensure that all information is accurate to avoid any discrepancies.
Complete the Payment: Utilize the available online payment methods to pay the stamp duty as specified in the challan.
Obtain the Transaction Receipt: After successful payment, download and print the transaction receipt for your records.
Adjudication at the Sub-Registrar’s Office: Present the sale agreement along with the transaction receipt at the sub-registrar’s office corresponding to the property’s jurisdiction for adjudication. This step confirms the legality of the document. Below image is the Sale Agreement Adjudication
It’s important to note that the stamp duty paid during the sale agreement can be offset against the stamp duty payable at the time of executing the sale deed. This means that the amount already paid will be deducted from the total stamp duty liability during the final property registration.
For assistance with the adjudication process or any related services in Bangalore, you can contact PGN Property at pgnproperties@gmail.com or via WhatsApp at 9742479020.