Registration Charges in Karnataka – Purva Northern Lights Buyer Guide

Buying a home is exciting. But the price you see on the brochure isn't the only cost. If you are planning to buy a home at Purva Northern Lights, you need to know about the "government costs" that come at the very end.

In Karnataka, Stamp Duty & Registration Charges are strict, and the fees have increased recently.This guide simplifies the information, helping you budget without surprises.

The New Rule: Registration Fee is Now 2%

If you haven't heard, the government of Karnataka changed the rules recently. The Registration Fee used to be 1%, but it has now doubled to 2%.

This is a big deal for your budget. On a luxury apartment, that extra 1% adds up to a few lakhs.

Here is the simple math for properties above ₹45 Lakhs (which covers all homes at Purva Northern Lights):

Let's Do the Math: A Real Example

Let's say you are buying a 2 BHK Luxury Apartment at Purva Northern Lights for ₹1.3 Crore.

Here is what you will likely pay to the government when you get the keys:-

• Apartment Price: ₹1,30,00,000
• Stamp Duty (5%): ₹6,50,000
• Registration Fee (2%): ₹2,60,000
• Cess (approx. 0.6%): ₹78,000
• Total Extra Cost:₹9,88,000

Important: You usually cannot include this ₹9.88 Lakhs in your home loan. Banks expect you to pay this from your own savings. So, start saving for this "final payment" now.

Don't Confuse GST with Registration

First-time buyers often mix up GST and Registration fees. They are different things.

• GST (5%): You pay this to the Central Government while the building is under construction. It is usually part of the payment plan you pay in installments.
• Registration (~7.6%): You pay this to the State Government only once, right at the end when the home is ready to be yours.

If you are looking at new apartments in north bangalore price lists, remember: GST is paid during the build; Registration is paid after the build.

The Registration Process: Simple Steps

When your home at Purva Northern Lights is ready, the team will help you, but here is what happens:

• Draft the Deed: A lawyer writes up the final Sale Deed. This document says, "Puravankara is selling this specific flat to you."
• Pay the Fees: You pay the Stamp Duty and Registration amounts online (usually via the Kaveri 2.0 portal) or through a bank draft.
• Visit the Office: You must go to the Sub-Registrar's Office near KIADB Aerospace Park.
• Sign and Scan: You sign the papers, give your thumbprint, and take a photo.
• It's Yours: The officer approves it, and you get the original Sale Deed. This paper proves you are the legal owner.

Documents You Must Have

On registration day, don't forget these papers:

• Original Sale Agreement: The one you signed when you first booked.
• ID Proofs: PAN Card and Aadhaar Card (Originals).
• Payment Receipts: Proof that you paid the builder fully.
• TDS Form: Proof that you deducted the 1% TDS (mandatory for properties over ₹50 Lakhs).
• Bank Papers: If you have a loan, your bank manager will bring the loan papers.

Why Is This Worth It?

Paying ~7.6% extra feels like a lot. But think about what you are securing.

Purva Northern Lights is in the Hardware Park, one of the fastest-growing spots in Bangalore. The land value here is rising fast.

• Legal Safety: Paying these fees ensures no one else can claim your property.
• High Value: You are getting a home in a 25-acre township with world-class amenities.
• Future Growth: With luxury apartments near Manyata Tech Park in high demand, the value of your registered home will likely grow much more than the cost of the fees.

Conclusion: Plan Ahead

The best way to handle registration charges is to plan for them early. Don't wait until the last week. If you know that you need an extra ₹10 Lakhs for a ₹1.3 Crore home, you can save comfortably.

Once the registration is done, the home is legally, officially, and forever yours.