Stamp Duty In Karnataka: Steps To Pay & Calculate Registration Charges |2023|

Table of Content:

1. Factors Affecting Stamp Duty In Karnataka​
2. Stamp Duty In Karnataka
3. Stamp Duty In Bangalore
4. Property Registration Charges In Karnataka
5. Property Registration Charges In Bangalore
6. Pay Stamp Duty In Karnataka: Points To Remember
7. Karnataka Stamp Duty Calculator: Considerations
8. Surcharge On Stamp Duty In Karnataka
9. Steps To Calculate Stamp Duty Using Karnataka Stamp Duty Calculator
10. Steps To Pay Registration Fees And Stamp Duty In Karnataka>
11. Steps To Pay Registration Fees And Stamp Duty Online
12. Steps To Pay Registration Fees And Stamp Duty Offline
13. Tax Benefits On Stamp Duty And Property Registration Charges In Karnataka

Did you know when you buy a property in any state in India, you pay property registration charges and stamp duty mandatorily?  Stamp duty is a tax paid on property transactions. T. When you buy a property, you need to pay a legal fee as tax to the sub-registrar of the area where your property is located. The property will only be deemed to be registered after the payment of stamp duty charges. The stamp duty on properties is determined by the rates fixed by the state governments. For instance, if you were to buy a property in Bangalore, the registration charges will be calculated based on the stamp duty in Karnataka.

If you are planning to buy a commercial or residential property in the southern state of Karnataka, this blog will help you learn about stamp duty and property registration charges in Karnataka. Continue reading to know more.

Factors Affecting Stamp Duty In Karnataka

The factors that generally affect the stamp duty of property in Karnataka are:

• Size and type of property
  

• Status of the property (residential or commercial)
  Commercial properties usually have a higher stamp duty in Karnataka

• Area and location

          Properties in urban areas have a higher stamp duty. An area having more services and amenities also has a higher stamp duty. 

• Property’s market value when you make the transaction

• Age and gender of the property owner
  Senior citizens and women have to pay less stamp duty. However, in Karnataka, there’s no such difference in stamp duty.

Also Read: Stamp Duty & Registration Charges In Top Indian Cities

Stamp Duty In Karnataka

Here are the rates of the stamp duty in Karnataka as per the value of your property:

Stamp Duty In Bangalore

Let’s say you were to buy a property in Bangalore, you need to know about the stamp duty and property registration charges in Bangalore. 

Unlike most Indian cities, the stamp duty and registration charges in Bangalore are the same for men and women. They are not dependent on gender no matter if:

• The owner is a male

• The owner is a female

• The property is owned by:

1. A male and a female

2. A female and a female

3. A male and a male

Here are the stamp duty rates in Bangalore:

Property Registration Charges In Bangalore

The property registration charges in Bangalore are the same as mentioned above!

Check Out: Property Prices In Bangalore

Pay Stamp Duty In Karnataka: Points To Remember

Here are a few things you need to remember before you pay stamp duty in Karnataka:

• The Karnataka stamp paper’s issuance date must be within six months from the date of the transaction

• All stamp-eligible assets must be stamped before registration

• The stamp paper must be signed by individuals who are participating in the transaction

• If the property is transferred via gift deed here’s how much the stamp duty in Karnataka will cost:

Karnataka Stamp Duty Calculator: Considerations

The following are the considerations taken into account to calculate the stamp duty in Karnataka:

Surcharge On Stamp Duty In Karnataka

You will need a reserve budget for surcharge and CESS as they are a part of property registration too. Hence if you are calculating:

• Flat registration charges in Bangalore

• House registration charges in Bangalore

• Registration cost of a flat in Bangalore

• Apartment registration charges in Bangalore

All of them will have a surcharge. The surcharge also depends on the area where the property is located. Hence, the surcharge for urban and rural areas are:

Steps To Calculate Stamp Duty Using Karnataka Stamp Duty Calculator

The Karnataka government has created an online Karnataka stamp duty calculator that lets you calculate the stamp duty in Karnataka quickly. Use the following steps to calculate the stamp duty of any property in Karnataka: 

• Step 1: Visit Kaveri Online Services

• Step 2: Click on Stamp duty and registration fee Calculator under the services for guest user tab

• Step 3: Select the nature of the document

• Step 4: Enter the following details

1. Region type

2. Indicative market value

3. Indicative Consideration Amount

• Step 5: Click on the calculate button

Here’s what you will see on the screen after you click on calculate:

• Total Registration Fees

• Total Stamp Duty

• Cess Value

• Government Duty

• Surcharge Value

Also Read: How To Use Bhoomi Karnataka Portal & View Land Records

Steps To Pay Registration Fees And Stamp Duty In Karnataka

There are two ways to pay the registration fees and stamp duty in Karnataka:

• Online

• Offline

Steps To Pay Registration Fees And Stamp Duty Online

The steps to pay the stamp duty and property registration charges in Karnataka online are::

• Step 1: Visit https://k2.karnataka.gov.in/index_en.html

• Step 2: Click on Generate Challan

• Step 3: Enter the following details

1. Address

2. Email Id

3. Contact number

4. Location of property

• Step 4: Choose the stamp duty and registration department in the department type. Enter the following details of the department. 

1. Category

2. District 

3. Department type

4. DDO office

5. DDO code

• Step 5: Select stamp duty from the drop-down and agreement of sale in sub purpose

• Step 6: Mention the amount of stamp duty you need to pay and choose the payment mode you prefer. 

• Step 7: Submit the information after you enter the captcha

Now you will receive a challan that is valid for 90 days. Once you receive it, visit the sub-registrar's office and complete the property registration before the challan expires. Both parties need to provide the necessary documents, and all of them should be signed by both parties. Once stamp duty in Karnataka is paid, and all documents are provided, the authorized officials will issue a property registration document after verification. 

Also, you cannot pay a stamp duty of more than INR 2000 online. You can pay the stamp duty in Karnataka in the following ways:

• By purchasing impressed stamps from treasury or licensed vendors

• By paying the government via a DD/cheque issued by a nationalized bank

• By making payments up to INR 2000 on the K2 Website.

Steps To Pay Registration Fees And Stamp Duty Offline

The steps to pay the stamp duty and property registration charges in Karnataka offline are:

• Step 1: Visit the sub-registrar's office in the locality where your property is located.

• Step 2: Submit the required buyer and seller documents for registration

• Step 3: Bring two witnesses to complete the process

• Step 4: Pay the required registration fee and stamp duty

Once the verification is done, the sub-registrar will issue the registration document!

Tax Benefits On Stamp Duty And Property Registration Charges In Karnataka

Section 80C allows you tax benefits on expenses that are related to registration charges and stamp duty in Karnataka. The maximum deduction is up to INR 1,50,000. However, here’s the list of properties exempted from tax benefits:

• Commercial houses

• Residential plots 

• Resale property

This tax benefit only applies to new properties. 

Also Read: Income Tax Benefits under Section 80C

Conclusion

We hope this article helped you understand everything about stamp duty in Karnataka. Make sure you bookmark this blog before you lose sight of it!