What is the circle rate in Bangalore?
Circle rate or guidance value is the minimum limit set by the government for real estate transactions and property registration. In Bangalore, the Department of Stamps & Registration notifies these rates. They were revised on 1st January 2019. The revision saw a significant overhaul, with agricultural land in different localities of the city witnessing an increase of 5% to 25%.
The circle rate is applicable to constructed property as well as plots and helps determine the stamp value. The rate also helps determine a property’s value to avail mortgage advances like loan against property. For this reason, it is important to know the applicable rate for different regions. To that end, take a look at the following table.
Circle rate in Bangalore for different areas
Areas/Localities in Bangalore |
Applicable circle rate (In Rs./sq. metres) |
Banumaiah Circle to KR Circle |
68,200 |
Ayurveda Hospital to RMC Circle |
49,100 |
Kumbarakoppal Cross Roads |
9,600 |
Kumbarakoppal South Side |
13,000 |
Gokulam Cross Road |
19,800 |
Gokulam Third Stage |
28,000 |
Contour Road EWS |
19,700 |
Bogadi First & Second Stage |
28,000 |
Srirampura First Stage |
23,000 |
Metagalli Main Road |
18,300 |
Ambedkar Colony |
3,500 |
B.M. Sri Nagar Cross Road |
28,000 |
Vani Vilas Market – D. Banumaiah Circle |
32,000 |
K.R. Circle to Ayurveda Hospital Circle |
1,15,000 |
RMC Circle to Highway Circle |
32,600 |
Kumbarakoppal Main Road |
1,29,000 |
Kumbarakoppal Inner CrossRoads |
9,900 |
Kumbara Koppal Colony |
6,500 |
Gokulam Main Road |
38,400 |
Gokulam First and Second Stage |
25,000 |
Gokulam Fourth Stage |
20,000 |
Karnataka Slum Development Board Houses |
8,600 |
Janatanagar |
11,800 |
Srirampura Second Stage |
24,000 |
Hale Ooru |
8,500 |
B.M. Sri Nagar Main Road |
10,100 |
Karakushalanagar |
5,400 |
What does circle rate in Bangalore depend upon?
The circle rate in Bangalore is dependent on several factors listed below.
- Area of the property
- Type of property
- Available amenities
- Urban or rural location
- Property occupancy, either residential or commercial
- Age of the property
- Property builder, in case of constructed property
- Size or area of the property
- Additional construction, if any
Based on these factors, property valuation is done and the stamp duty is paid during sale or purchase. These factors also affect property valuation and allow an individual to avail property loan based on it.
Current stamp duty in Bangalore
The applicable rates of stamp duty prevailing in Bengaluru are as follows.
- In urban areas: 5.6%
- In rural areas: 5.65%
Registry charges in Bangalore
Registration charges are additional fees levied on stamp value while registering the property during ownership transfer. The Department of Stamp and Registration charges these fees for ownership record maintenance.
While registering a property in the city, an individual needs to pay registration charges of 1% of the property value calculated as per the circle rate in Bangalore.
How to calculate property value in Bangalore using circle rate for stamp duty payment?
The calculation of property value in Bangalore for stamp duty payment is done in the following steps.
- Determination of built-up area.
- Determination of property types: Apartment, flat, individual house or plot.
- Choice of locality for the property in consideration.
- Computation of minimum assessment value as per the applicable circle rate in Bangalore is as follows:
- The built-up area of the property in sq. metres (Only area in case of plot) x circle rate applicable for the locality in Rs./sq. metres.
You can also complete the valuation as per applicable circle rate in Bangalore through KAVERI online services, which is Karnataka’s official website for property valuation.
List of areas in Bangalore
Hebbal |
Rajajinagar Yeshwanthpur Vijayanagar Srirampuram Peenya Tavarekere Nagarbhavi Madanayakanahall Dasanapura |
Basavanagudi District |
Ulsoor Chamarajpet Banashankari Basavanagudi Attibele Sarjapura Jigani Rajajinagar District Anekal |
Shivajinagar District |
Shivajinagar Indiranagar Halsuru Banasawadi KR Puram Mahadevapura Bidarahalli Varthur Shanthi Nagar |
Gandhinagar District |
Gandhinagar Malleshwaram Ganganagar Marathahalli Bommanahalli Byatarayanapura Yelahanka Jala Hesaraghatta |
Jayanagar District |
Jayanagar Whitefield BTM Layout Kengeri Rajarajeshwari Nagar JP Nagar Kacharakanahalli Begur Laggere |
