What is the current Stamp Duty and Registration charges in Bangalore 2022-23?






Just after the Covid-19 pandemic, the state government reduced the government charges for affordable housing segment. The charges remain the same for premium housing segment and resale property.

Below are the government charges for new property purchasing from builder.

Property value below Rs. 20 Lakh

  • Stamp Duty & Surcharge: 2.04%
  • Cess: 0.2%
  • Registration: 1%
  • Scanning: Rs. 800 Approx
  • Affidavit: Rs. 40
  • TDS not applicable

Property value above Rs. 20 Lakh and below Rs. 45 Lakh

  1. Stamp Duty & Surcharge: 3.06%
  2. Cess: 0.3%
  3. Registration: 1%
  4. Scanning: Rs. 800 Approx
  5. Affidavit: Rs. 40
  6. TDS not applicable

Property value above Rs. 45 Lakh

  • Stamp Duty & Surcharge: 5.1%
  • Cess: 0.5%
  • Registration: 1%
  • Scanning: Rs. 800 Approx
  • Affidavit: Rs. 40
  • TDS: 1% (applicable only if the property value is more than Rs. 50 Lakh)

Below are the government charges for resale property, irrespective of property value

  • Stamp Duty & Surcharge: 5.1%
  • Cess: 0.5%
  • Registration: 1%
  • Scanning: Rs. 800 Approx
  • Affidavit: Rs. 40
  • TDS: 1% (applicable only if the property value more than Rs. 50 Lakh)

Note:

  • The above-mentioned percentage (%) is based on the buying price or guidance value, whichever is higher

(Guidance value is also referred to as government value and circle rate. It is the minimum value at which a property registration takes place. The guidance value is fixed by Department of Stamps & Registration at your locality)

  • Above government charges are same irrespective of male, female, single owner or joint ownership
  • Below is the TDS rate for NRIs

20.80% for property value less than Rs. 50 Lakhs

22.88% for property value between Rs. 50 lakh to 1 Crore

23.92% for property value more than Rs. 1 Crore

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