Dear All,
Greetings from MyHeavenHome.com, your destination for real estate solutions.
Following are the Stamp Duty and Registration Charges for the "Vacant Land" under Karnataka's City Corporation jurisdiction. Click here to find City Corporations.
Stamp Duty is 5% of the property value
Surcharge is 2% on Stamp Duty (in other words, 0.1% of the property value)
Cess is 10% on Stamp Duty (in other words, 0.5% of the property value)
Total Stamp Duty Charges are 5.6% of the property value.
In addition to the Stamp Duty there is Registration Fee which is 1% of the property value.
So, Total Charges are 6.6% of the property value.
Example: For the vacant land having the value of INR 10 lakhs, the stamp duty is INR 56,000 and registration fee is INR 10,000. So, total charges are INR 66,000.
(Disclaimer: The above charges are for indicative purpose only. Please check with the concerned government department for actual charges).
If you need any further information or have any questions please reach me at request@myheavenhome.co.in
Best of luck in your property buying!
MyHeavenHome.com - Makes Home Construction Easy
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