Particle.news
Download on the App Store
6 ARTICLES
·
3h ago

Karnataka Doubles Property Registration Fee to 2%, Effective Sunday

Officials cast the move as a revenue fix after the state’s registration department missed collection targets.

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

Overview

  • Total levy on property deals rises from 6.6% to 7.6% starting Aug. 31, with stamp duty unchanged at 5%.
  • The order covers Joint Development Agreements and related General Power of Attorney documents, raising their fee to 2%.
  • Collections were ₹22,500 crore in FY25 against a ₹26,000 crore goal, and Q1 FY26 trailed the year’s run-rate target by about 35% on a ₹28,000 crore aim.
  • The state BJP condemned the decision, labeled it “tax terrorism” and “registration robbery,” and demanded a rollback.
  • Builders warn the hike will weigh on a slow market and point to the e-Khata mandate as a bottleneck, while officials note Karnataka’s 7.6% remains lower than neighbors such as Tamil Nadu at about 11% and have not provided a revenue estimate from the change.