Property Registration charges in Karnataka..!

 Property Registration charges in Karnataka..!

Plots of Land, Flat, Home and Property Stamps and Registration charges in Karnataka

As per Karnataka Government portal, the current (JULY 2016) stamp duty charge for Karnataka is as below.

Stamp Duty-5%

BBMP, Corporation, BMRDA & other Village Areas added Cess 10% on Stamp Duty.

BBMP & Corporation added Surcharges 2% on Stamp Duty

BMRDA  & other Village Areas added Surcharges 3% on Stamp Duty

Registration Charge 1% on the value of the Property

So this works out to be 

Stamp Duty charges as 5.6% in Urban Areas and 

5.65% in Rural Areas.  

Registration charges is 1% of the property value.

The detailed cost of such stamp duty and registration charges are listed inKarnataka Government Portal.

The link

http://202.138.101.165/karigr/stampdutyregistration/default.htm

AT A GLANCE: STAMP DUTY AND REGISTRATION FEE. (Updated till 17/10/2012.)

Levy of Stamp Duty and Registration Fee on Some Important Documents at a Glance Sl. No. Description of document Article No. under which Stamp Duty Chargeable Amount in Rupees Article No. under which Registration Fees payable Amount in Rupees 1 Adoption Deed 3 500 V 200 2 Affidavit 4 20 ---                                      ---  3 Agreement relating to sale of immovable property                                                                             (i) with possession 5(e)(i) @ 5% I-Note 7(a) 1% (ii) without possession 5(e)(ii) @ 0.1% on market value equal to the amount of consideration Min.500, Max.20,000 I-Note 7(b) Rs.20 (iii) Joint Development Agreement 5(f) @1% Max. 15 Lacs I-Note 12 0 % (iv) If not otherwise provided for 5(j) Rs. 200 --- Rs. 100 4 Agreement relating to D.T.D. 6 @0.1% min. 500,max.50,000 I-Note(1a)(iii) 0.1% Min 100 max.10,000 5 Conveyance 20(1) @ 5 % on the market value+ Surcharge + cess I 1% 6 Conveyance (flats/apts.) 20(2) @ 5 % on the market value+ Surcharge + cess I 1% 7 Conveyance on TDR 20(7)  @ 1 % on Market value or consideration which ever is higher I 1% 8 Exchange 26  @ 5 % on the market value+ Surcharge + cess I 1% 9 Gift 28                                                                           (i) If Donee is not a family member 28(a) @ 5 % on the market value+ Surcharge + cess I 1% (ii) If Donee is a specified family member 28(b) A fixed duty of Rs.1000 + surcharge &cess I-Note-11 Fixed fee of Rs.500 10 Lease 30                                                                           (i) Upto 1 year residential 30(1)(i) @ 0.5% on the total rent paid max.500 I - Note-3 100 (ii) Upto 1 year commercial and industrial 30(1)(ii) @ 0.5% on the total rent paid I - Note-3 0.5% (min Rs. 100) (iii) > 1yr < 10 years 1% on AAR/advance/premium/deposit I - Note-3 0.5% (min Rs. 100) (iv) > 10yrs < 20 years @2% on AAR/advance/premium/deposit I - Note-3 0.5% (min Rs. 100) (v) > 20yrs < 30 years @3% on AAR/advance/premium/deposit I - Note-3 0.5% (min Rs. 100) (vi) > 30 yrs As per Art 20(1) on Market value or AAR/advance/premium/deposit/whichever is higher I - Note-3 1% 11 Mortgage 34                                                                            (i) If possession of property is given 34(a) @ 5 % on the amount + surcharge I 1% (ii) If possession of property is not given 34(b) 0.5% for every Rs. 100 or Part there of I-Note(1a)(i) 0.5% Subject to a max. of 10,000 12 Partition 39                                                                           (a)NA property (1) Municipal Limit Rs.1000 per share IV(a) Rs.500/- (2) Panchayat Limit Rs.500 per share IV(a) Rs.250/- (b) Agri Land Rs.250 per share IV(a) Rs.50/- (c) Movable property Rs.250 per share IV(a) Rs.100/- (d)Combination of above Maximum of above per share IV(a) Maximum of above per share 13 Power of Attorney 41                                                                                (a) for the sole purpose of registration 41(a) Rs.100 XXXI Rs.100 (b) Authorizing one or more person to act in single transaction 41(b) Rs.100 IV Rs.100 (c) Authorizing more than 5 person 41(c) Rs.100 IV Rs.100 (d) Authorizing more than 5 but less than 10 41(d) Rs.200 IV Rs.100 (e) When given for consideration 41(e) @ 5 % I 1% (ea) When given to a promoter 41(ea) @ 1% on MV of Property or consideration max.15 lacs I-Note-3 1% (eb) i)When given to others 41(eb) @ 5 % I-Note(10) 1% ii)When given to specified family members 41(eb) Rs.200 IV Rs.100 (f) In any other case 41(f) Rs.200 IV Rs.100 14 Re-conveyance of mortgage property 44 Rs.100 IV Rs.100 15 Release 45                                                                                (i) Release not between family members 45(a) Rs. 5% I 1% (ii) Betweenfamily members 45(b)            Rs.1000/- II-Note-11 Rs.500 16 Settlement 48                                                                            (i) If disposition of property other than family 48(A)(i) @ 5 % I 1% (ii) If disposition of property among the specified family members 48(A)(ii) Rs.1000/- I-Note-11 Rs.500/- 17 Surrender of Lease 51 Rs.100/- II Rs.100/- 18 Trust 54                                       (i) Declaration of Trust- Concerning any money or amount conveyed by the author to the trust as corpus 54(A)(i) Rs.1000/- I 1% (ii) Concerning any immovable property owned by the author  and conveyed to the trust of which the author is the sole trustee 54(A)(ii) Rs.1000/- I 1% (iii) Concerning any immovable property owned by the author and conveyed to the trust of which the author is not a trustee or one of the trustees. 54(A)(iii) @5% ( under article No. 20(1)) I 1% (iv) Revocation of Trust 54(B) Max. Rs.200 III Rs100/- 19 Will deed No Article NIL VI Rs.200/- 20 Deposit of a sealed cover containing a will No Article NIL VIII RS.1000

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