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3d ago

Karnataka Doubles Property Registration Fee to 2% as New Rates Take Effect

Officials cast the move as a revenue fix that keeps Karnataka competitive regionally.

The Karnataka government has amended the Registration Act, 1908, effectively doubling registration charges for select property and document registrations. (Representational Image)
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Overview

  • The revised charge applies statewide from Aug. 31 and covers Joint Development Agreements and related GPAs, which also rise to 2%.
  • The overall levy on transactions increases to about 7.5%–7.6% of guidance value from roughly 6.6% earlier.
  • The government cites repeated shortfalls in stamps and registrations receipts, including ₹22,500 crore collected against a ₹26,000 crore target in FY25 and a 35% miss in the first quarter toward a ₹28,000 crore goal.
  • Real estate groups including CREDAI argue the hike will hurt a fragile recovery and say the e‑Khata requirement is already constraining deals, adding they will petition for a rollback.
  • The BJP condemns the increase and demands reversal, while the department instructs applicants to pay any difference via the portal as some users report Kaveri 2.0 slot and server issues on the deadline.