The registration charge is 1% of the value of the property while 10% of the stamp duty is the BBMP, Village Areas and BMRDA added cess. Stamp duty is 5-6% of the value of the property. BMRDA and other surcharges account for 3% of stamp duty while 2% of stamp duty is the BBMP & Corporation added surcharges.

In Karnataka, the Stamp Duty stands at 5% for the property. There is also a surcharge of 2% and 3% on stamp duty for BBMP & Corporation. The registration charge in Karnataka is 1% of the property value

Consideration value is the total amount involved in any purchase/sale transaction agreed between two parties. For example, if the agreement value of your flat is Rs 60 lakh and the circle rate is Rs 50 lakh, then, the stamp duty would be computed on the higher value, i.e., Rs 60 lakh

if the agreement value of a property is Rs 50 lakhs and the value according to the ready reckoner rate is Rs 40 lakhs, then, the stamp duty would be calculated on the higher value, i.e., Rs 50 lakhs.