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Tuesday, July 12, 2016

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
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%
1%

(ii) without possession
@ 0.1% on market value equal to the amount of consideration Min.500, Max.20,000
Rs.20

(iii) Joint Development Agreement
@1% Max. 15 Lacs
0 %

(iv) If not otherwise provided for
Rs. 200
Rs. 100
4
Agreement relating to D.T.D.
6
@0.1% min. 500,max.50,000
0.1% Min 100 max.10,000
5
Conveyance
@ 5 % on the market value+ Surcharge + cess
I
1%
6
Conveyance (flats/apts.)
@ 5 % on the market value+ Surcharge + cess
I
1%
7
Conveyance on TDR
 @ 1 % on Market value or consideration which ever is higher
I
1%
8
Exchange
 @ 5 % on the market value+ Surcharge + cess
I
1%
9
Gift
                                   

                                     


(i) If Donee is not a family member
@ 5 % on the market value+ Surcharge + cess
I
1%

(ii) If Donee is a specified family member
A fixed duty of Rs.1000 + surcharge &cess
Fixed fee of Rs.500
10
Lease
                                   

                                     


(i) Upto 1 year residential
@ 0.5% on the total rent paid max.500
100

(ii) Upto 1 year commercial and industrial
@ 0.5% on the total rent paid
0.5% (min Rs. 100)

(iii) > 1yr < 10 years
1% on AAR/advance/premium/deposit
0.5% (min Rs. 100)

(iv) > 10yrs < 20 years
@2% on AAR/advance/premium/deposit
0.5% (min Rs. 100)

(v) > 20yrs < 30 years
@3% on AAR/advance/premium/deposit
0.5% (min Rs. 100)

(vi) > 30 yrs
As per Art 20(1) on Market value or AAR/advance/premium/deposit/whichever is higher
1%
11
Mortgage
34                                     

                                     


(i) If possession of property is given
@ 5 % on the amount + surcharge
I
1%

(ii) If possession of property is not given
0.5% for every Rs. 100 or Part there of
0.5% Subject to a max. of 10,000
12
Partition
                                   

                                     


(a)NA property

(1) Municipal Limit
Rs.1000 per share
Rs.500/-

(2) Panchayat Limit
Rs.500 per share
Rs.250/-

(b) Agri Land
Rs.250 per share
Rs.50/-

(c) Movable property
Rs.250 per share
Rs.100/-

(d)Combination of above
Maximum of above per share
Maximum of above per share
13
Power of Attorney
  
                                     
                                     
(a)
for the sole purpose of registration
Rs.100
Rs.100
(b)
Authorizing one or more person to act in single transaction
Rs.100
Rs.100
(c)
Authorizing more than 5 person
Rs.100
Rs.100
(d)
Authorizing more than 5 but less than 10
Rs.200
Rs.100
(e)
When given for consideration
@ 5 %
I
1%
(ea)
When given to a promoter
@ 1% on MV of Property or consideration max.15 lacs
1%
(eb)
i)When given to others
@ 5 %
1%

ii)When given to specified family members
Rs.200
Rs.100
(f)
In any other case
Rs.200
Rs.100
14
Re-conveyance of mortgage property
Rs.100
Rs.100
15
Release
  
                                     
                                     

(i) Release not between family members
Rs. 5%
I
1%

(ii) Betweenfamily members
45(b)           
Rs.1000/-


Rs.500
16
Settlement
48                                     

                                     


(i) If disposition of property other than family
@ 5 %
I
1%

(ii) If disposition of property among the specified family members
Rs.1000/-
Rs.500/-
17
Surrender of Lease
Rs.100/-
Rs.100/-
18
Trust

                                     

(i) Declaration of Trust- Concerning any money or amount conveyed by the author to the trust as corpus
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
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.
@5% ( under article No. 20(1))
I
1%

(iv) Revocation of Trust
Max. Rs.200
Rs100/-
19
Will deed
No Article
NIL
Rs.200/-
20
Deposit of a sealed cover containing a will
No Article
NIL
RS.1000

Property Registration charges in Karnataka..! Reviewed by S. Chitra on July 12, 2016 Rating: 5  Property Registration charges in Karnataka..! Plots of Land, Flat, Home and Property Stamps and Registration charges in Karnataka ...

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