Which Taxes Are Levied On Property Investment In Karnataka?
Are you planning to buy a property in Karnataka? Is it the first time you are going to invest in the state? Then, you must be unaware of the taxes that you will have to deal with while investing. You need not worry. We are here to help you know everything about the taxes that can be levied.
There is a certain amount of fees to be paid for getting this done. In Karnataka, the registration fee is 1% of the property's saleable value. This saleable value depends on the size of the property and the guideline value decided by the Government. There are different area sizes considered as per the different types of properties, which are as under.
For plots, the total square feet area of the property is taken into account.
For independent homes, the completed constructed area is considered.
For multi-storey buildings, the super built-up area is considered.
Adisesh Green City is one of the best properties you can invest in, which is located in the non-pollution zone of Narasapura near Bangalore. This is an eco-friendly project, which is tagged as 'green' and is approved by the DTCP.
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