Stamp Duty in Vijaya Nagar

Q: How much Stamp Duty will I have to pay for a 2BHK apartment in Vijaya Nagar?

manisha kumari, Mysore

1st May 2014

Legal in Vijayanagar, Mysore

legal advice

apartments in mysore

buying property in mysore

: stamp duty in mysore

apartments in vijaya nagar

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Replies (3)

Hi,
I am planning to buy property of muda site at vasant nagar near Vidyavikas college kindly let me know the stamp duty

R N SHINDE, Bangalore

21st November 2016

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Hey, in Mysore the stamp duty is actually evaluated based on the property value guidelines and not on the selling price of property. The property values are calculated from the guidelines retained by the sub-registrar’s office and they are usually around 30% higher than the actual value of property.
So the property value calculated from the guidelines of a 1500 sq. ft. 2BHK apartment in Vijaya Nagar is around Rs 52 Lakhs. The stamp duty amount you have to pay is 6.65% of the calculated property value i.e. around Rs 35,000.

Reshma Nayak, Mysore

21st May 2014

Comment

Hey, in Mysore the stamp duty is 6.65% of the property value. The average square foot price of apartments in Vijaya Nagar is Rs 2580. So if you buy a 2BHK apartment in Vijaya Nagar, then it will cost you around Rs 40 Lakhs. The stamp duty will be calculated on the property value and it will be around Rs 26,000.
You can make the payment by buying stamp papers of the same value as that of the stamp duty, then printing out the sale deed on them and then getting it registering at the sub-registrar’s office.
You should also note that you have to pay stamp duty whenever you have received the property, be it a gift, an inheritance or a lease.

Vijay Karthik, Mysore

1st May 2014

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