Latest Answer: There is a general format which the Karnataka State Government has devised to inform the public of the stamp duty and registration fee involved in a exchange deed. 8% stamp duty towards the government on the market value of the property + 5% additional duty + 2% additional stamp duty if the property lies within the limits of the Municipal Corporation+1% registration fee.
Latest Answer: Don’t depend on the agent too much on these matters. It is better if you yourself can do the payment and take the receipt of the payment.
The registration fee is 1% of the property value in Mysore, in case of sale of property. In addition to this, the Mysore City Corporation (MCC) has introduced a 2% fee chargeable on the sale deed.
If you acquire the property as a gift deed from a family member, then you will have to pay a registration fee of just Rs 500.
