Total Cost of Buying Property in Bangalore
Understand the real property acquisition cost including registration, GST, maintenance, parking and hidden builder charges.
Table of Contents
Base Property Price
The quoted property price is usually not the final acquisition cost. Builders often advertise only the base sale value excluding additional expenses.
Buyers should always request a complete cost sheet before making booking payments.
Registration & Stamp Duty
In Karnataka, registration and stamp duty charges may add roughly 5.5% to 7.6% depending on property value.
- Stamp duty
- Registration fees
- Applicable cess
GST Charges
GST is generally applicable on under-construction properties but not on completed ready-to-move units.
Buyers should verify GST applicability directly from the builder and agreement documents.
Maintenance & Parking Costs
Builders may collect advance maintenance for one or two years during possession.
Parking allocation and parking charges should be clearly documented in the agreement.
Example Cost Breakdown
- Base Price: ₹80,00,000
- Registration & Stamp Duty: ₹5,50,000+
- GST: ₹4,00,000
- Maintenance & Parking: ₹3,00,000
- Other Charges: ₹1,50,000
Final acquisition cost may exceed the original advertised property price significantly.
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Compare PropertiesFrequently Asked Questions
Is GST applicable on ready-to-move flats?
GST is generally not applicable on completed ready-to-move properties with completion certificate.
Are maintenance charges negotiable?
Certain maintenance and builder charges may be negotiable depending on project stage.