How can I register my property in Bangalore?
How can I register my property in Bangalore?
Here is a step-by-step guide to registering property in Bengaluru:
- Visit https://kaverionline.karnataka.gov.in and register as a new user.
- Login with your user id and password and click on ‘document registration’.
- Enter the details, such as date of execution of the sale deed, total number of parties and other details.
How much does it cost to register a house in Bangalore?
Registration Charges Calculator Bangalore For Bangalore, the registration charge is 1% of the market value. So, a property worth Rs 1 crore will have a registration charge of 1 lakh.
How can I register my property in Karnataka?
Home Registration Process In Karnataka
- Encumbrance Certificate.
- The original document bearing signature of all parties.
- Challan/DD evidencing payment of full stamp duty, transfer duty (if any),Registration fee and user charges.
- Property card.
- Proof of Identity of both seller and buyer and also the witness.
- PAN CARD.
How is registration and stamp duty calculated in Bangalore?
As per ongoing rates, you are required to pay 5 percent of the total or registered property value above Rs 45 lakh as stamp duty and 1 percent of the total or registered property value as registration fees in Bangalore.
How much is stamp duty and registration in Bangalore?
Stamp duty and registration charges in Bangalore, Karnataka
Gender | Stamp Duty rates | Registration Charges |
---|---|---|
Male | 5% on properties above Rs 45 lakh | 1% of the property value |
3% on properties between Rs 21-45 lakh | ||
2% on properties less than Rs 20 lakh | ||
Female | 5% on properties above Rs 45 lakh | 1% of the property value |
How is property registration charges calculated in Bangalore?
How are stamp duty and registration charges calculated in Bangalore?
- Saleable value of the property = 1,000 x 6,150 = Rs 61,50,000 (basic cost) + 2,00,000 (car parking) = 63,50,000.
- Registration charges = 1 % of 5,325,000 = Rs 63,500.
- Stamp duty = 5.6 % of 63,50,000 = Rs 3,55,600.
What is the registration fees in Bangalore?
What happens if a property is unregistered?
If someone has used unregistered property without objection from, permission of, or payment to the true owner for an uninterrupted 12 years or more, then they can claim Adverse Possession (also known as ‘Squatter’s Rights) over the whole, or part of the property.
What is compulsory first registration?
Compulsory First Registration (CFR) is a legal process which transfers property from the Registry of Deeds (ROD) system – which is non map based – to the Land Registry which is a map based system of title and which attracts a government guarantee of title.