I need to register my apt in BLR whose UDS of land is 20.23L & Cons cost is 50.11L. How is stamp duty calculated ?

Q: Undivided share of land : Rs 20.23L
(agreement to sell)
Construction cost (incl covered car park) : 50.11L.
VAT + ST = 6.5L.

Should reg fee & stamp duty considered on land cost alone / land + construction cost ?

Should VAT/Service Tax component be included to calculate reg / stamp duty ?

Naveen Kashyap, Apartment Resident

8th April 2015

Buying property in Kanakapura Road, Bangalore

stamp duty in karnataka

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Suppose saleable area is 1500 square feet and the guideline value is Rs. 5000 per square feet.
Total Saleable value = Guideline value * Saleable area = 1500 * 5000 = Rs. 70,50,000.
Registration value = 1% * total saleable value = Rs. 70,500

In Urban Areas

Stamp Duty = 5.6% of the value of apartment = Rs. 70,50,000 * 0.056 = Rs. 3,94,800
Total Cost to the buyer = Rs 70,50,000 + Rs. 3,94,800 + Rs 70,500 = Rs. 75,15,300

Sagar Prasad, Bangalore

9th April 2015

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