All About Property Registration Charges in Bangalore

Getting a property in Bangalore is one of the most gratifying experiences. When you purchase a property, it is essential to be aware of numerous things like property value, resources, connectivity, the reputation of the sellers, property registration charges in Bangalore, and much more.

Property registration is required to indicate the transfer of ownership. The property has to be registered under the buyer’s name in the government records to establish the final agreement between the buyer and the seller. It is carried out by the sub-registrar’s office and can be done both online and offline.

The blog contains the revised stamp duty and registration charges as per the Karnataka Stamp Act of 1957. Knowing the property registration process and the charges involved is pivotal for a smooth property buying experience, and we will discuss the same in this space.

Stamp duty and registration charges in Bangalore

Property and house registration charges in Bangalore are fixed to be 1% of the property value. The property registration can be carried out in about 250 sub-registrar offices in

Bangalore, and the same can be accessed online through the online portal by the Government of Karnataka.

What is stamp duty in India?

Stamp duty is the legal tax paid to the government in the evidence of the sale or purchase of a property. Stamp duty rates differ for each state across the country and are defined by the government. Stamp duty in Bangalore is defined by the Karnataka Government,payable under Section 3 of the Indian Stamp Act of 1899.

What are the rates of stamp duty in Bangalore?

Property Amount	Stamp Duty Charge
Lesser than ₹ 20 lakhs	2%
Between ₹21-45 lakhs	3%
Above ₹ 45 lakhs	5%

How to calculate stamp duty and property registration charges in Bangalore?

To get ownership of the property, the total cost is =

Guidance value of the property × Area of the property + Percentage cost of property registration + Percentage cost of stamp duty

You can also easily calculate the stamp duty and registration charges by visiting the Kaveri Online services portal stamp duty calculator page.

Fill in the required details like property types, market value, region types, and much more. Then click calculate, after which the stamp duty will be displayed on the screen.

Surcharge – Stamp duty in Bangalore

Apart from the stamp duty cost, a surcharge is levied. A 2% surcharge and 10% on the stamp are levied for properties priced above ₹ 35 lakhs. For properties in rural areas, the surcharge is 3%.

Property Areas Calculated for Stamp Duty

In an independent house, the total area is calculated for stamp duty
The super built-up area is calculated in a multi-storey building.
The sq. ft area of the plot is considered for plots.

The difference in registration charges for men and women

The difference in stamp duty and property registration charges in Bangalore for men and women is nil. In states like Bihar, Haryana, Punjab etc., there is a difference in stamp duty and property for men and women. There is no difference in stamp duty for properties and house registration charges in places such as Bangalore. However, the stamp duty is rebated for female owners.

Some of the documents required for property registration in Bangalore are the Khata certificate, affidavit, conversion certificate, title deed, PAN, and declaration form 1.

The above are the stamp duty and property registration charges in Bangalore as per the revised norms. Stamp duty charges are subject to change and are not fixed. They can be revised annually or whenever the Karnataka government sees the potential to revise them as per the market rate, property market performance, and expansion of the city limits.

December 22, 2022December 22, 2022

How to Decorate a House for Christmas: Top 6 Holiday Decor Ideas

The best thing about the winter season is the gathering of family and friends and the warmth you get to share with them. And for a time like this, classic holiday decor sets the perfect ambiance for that comfortable get-together.

To decorate a house for Christmas, there are multiple areas you can focus your ideas on. From the living room furnishings to the kitchen and dining rooms – you can utilize every space and bring in the essence of the holiday spirit. Let’s dive into the different Christmas house decoration ideas for 2022.

Frame the Archway with Pine Garlands

Easy to get your hands on during the holiday season, consider decorating each doorway with garlands. It’s one quick way to ensure every room looks decked up for the festivities. You can use pine garlands or cedar garlands for decorating them with all greens.

Decorate your Walls

The walls are always a great place to add garlands, bells, and other decor items. This brightens up the home without wasting space – making it one of the best living room Christmas decor ideas for an impactful yet efficient output. You can try out red and white bells or plain green garlands with small golden bells and glitter for a classic finish.

Kitchen Counters need Colours

While starting with Christmas house decorations, the kitchen space should never be overlooked. You can get creative by placing colourful hand towels on the oven door handle or near your sink. Flower vases are another element you can add; this creates a nice contrast effect as you set them at the corners of your kitchen counter. Decorating a round eco-friendly tray can also be another idea; you can add numerous items to the tray – a scented candle, a tiny potpourri bowl, bottles of your favourite drink, some quick bites, etc. And the round green garlands will suit your kitchen cabinet doors to add to the aesthetic while complementing the overall theme.

Use a Planter For your Christmas Tree

Christmas house decorations are incomplete without the main attraction – the Christmas tree. But there’s always scope to experiment with it. For example, instead of going the traditional way for your Christmas living room decor, you can multiply the elegance of your Christmas tree using a big planter with beautiful prints. Try choosing one with a light colour, preferably white, to make it stand out in the living room. Also, try placing a small electric lantern behind the tree that will exude a yellowish glow, thereby making the tree the principal focus.

Decorating Tabletops

When it comes to Christmas living room decor, even the storage cabinets are worth your attention. To begin with, try adding candles with glass boundaries to avoid blowing out. You can also add elegant decor showpieces like a crystal star, reindeer figurines, small faux trees made of wood, a white vase in the middle of your coffee table, and much more. The dining room table can do well with red and white napkins or small green garlands running through the middle of the table.

DIY Display of Cards & Christmas Wishes

One way to decorate a house for Christmas is by adding holiday greetings and wishes in your common space for a personal touch. Using banners that say “Merry Christmas” can easily make the space light up! Also, displaying numerous colourful Christmas cards on side tables adds to the details. Better yet, you can also feature Christmas wishes as a wall hanging with family photographs and other colourful decorations.

There are several other Christmas room decor ideas that you can try to enhance your home perfectly! From uplifting small details to a complete revamp, you can be as creative as you want to make your home more inviting.

December 5, 2022December 5, 2022

Land investment: Everything you need to know

Land Investment: Everything you need to know

In India, land investment has always been prevalent. Real estate has undoubtedly become one of the most popular long-term investment options. When done correctly, real estate investing will always be a tried-and-true method of increasing your wealth and income flow. Plot land investments are also getting increasingly popular as the preferred choice for High-Net-Worth Individuals alongside residences.

Is land investment really one of the best investments for the long term?

Bangalore offers investors numerous plot investment options in various price ranges. Due to the high returns and manageable investment expenses, owning a property continues to be one of the most dependable ways to create wealth and assets. Owing to the purchasers’ preferences, several reputable developers have acquired land lots across cities. Plot land investment has the potential for faster monetization if you look at solutions matching your long-term investment goals.

Let’s go through some of the additional main factors that make a land investment or plot investment the fastest-growing form of investment:

Low Initial Investment

Purchasing a piece of land is often less expensive than purchasing a ready-to-move-in property. Most plotted developments are tucked away from the city hustle and bustle but without interfering with the connectivity, which accounts for the low cost. They can be purchased without much financial strain, even by new investors.

Freedom To Create Your Own Space

With a plot or land investment, you get the complete freedom to construct your dream home as per your preference of style, layout, interiors, etc. If the planned community is gated, then even better because you will also have access to the upscale amenities and common areas.

Appreciating Asset

Plots have the potential to appreciate much faster than residential properties as the surrounding infrastructure impacts the value of the land. So, when we see the expenditure required for plot investment and the return on that, there is a significant margin for you to reap.

A Finite Resource

One thing about land investment is that it makes you keep a finite asset. While many high-rise developments will continue to emerge with additional luxury living styles, the land is limited for ownership. So, in the long run, there is a high probability that the value of the land will rise exponentially.

Less Maintenance

Owning land not only saves you from paying hefty maintenance costs but also the literal practice of repair and revamp. Apart from fencing the plot, mowing, or general security, plot investments usually don’t involve many maintenance aspects.

Easy Handover

There is almost zero gap between a land purchase and its possession. An empty plot of land takes significantly less time for handover after purchase as opposed to buying a home. They need no strenuous construction completion time that you – as an owner – have to wait for its complete handover and possession. Hence, yet another reason to indulge in land investments.

Without a doubt, land investment is a smart move for your future as it is regarded as one of the best investments yielding substantial results in the long term. It is far preferable to other short-term investment options in terms of security and earnings. However, it is of utmost importance to conduct an extensive study about the area, its potential development, and the community before making your purchase decision.

November 21, 2022November 21, 2022

Home Interior: 6 mistakes to avoid in modern home decor

Homes are the true reflection of your personality and sense of style. Making a personal place that is memorable need not have any set guidelines. It doesn’t matter what style you prefer—modern, traditional, contemporary, chic, or transitional— good interior design is all about balance.

You may avoid typical modern home decor missteps and ensure that your house is unique from the rest by incorporating a synergy of beauty, usefulness, and comfort. Here are some home decor interior design mistakes that could prevent you from having a lovely home:

Adding too many furniture pieces

A good interior design does not require packing the room to the brim with furniture. Making the room appear cohesive can be achieved by combining open floor areas and furniture pieces. It’s better to choose items that are meaningful to you if you want to add a personal touch. When it comes to minimalist room design decisions, individual aesthetics often take precedence over modern home decor trends.

Bad lighting

An important aspect of creating the perfect tone in your home decor interior design is to have the ideal lighting setup. A design blunder that frequently occurs in modern home decor is selecting only one kind of lighting. It’s always better to make natural light your main source of brightness and add additional lighting as necessary. Using the perfect balance of ambient and task lighting while planning modern home decor design also helps. One of the biggest mistakes that interior design aspirants do is to delay until the very last minute to consider and plan lighting fixtures. However, planning in advance about a variety of lighting options, such as bedside lights, ceiling fittings, floor lamps, etc., yields the perfect output.

Lack of focal point

A room’s overall aesthetic is enhanced when it has a focal point. When people enter a space, a focal point is something that quickly catches their attention. When planning the best interior design for the living room, do not forget to catch up on this aspect, because without a focal point, a space appears unstructured and unconnected to any particular theme or idea.

Not enough focus on functionality

Another modern home decor mistake to avoid is losing track of the room’s primary purposes when you design it. The decor should be appropriate for the room’s intended use, whether it is for rest, prayer, study, or entertainment. Make your place comfortable for you when choosing the furniture.

Monochromatic palette

When you repeatedly choose the same colour, pattern, or texture in modern home decor, the space often ends up looking uninspired. Instead, add some variation to the space and use your imagination to make the pieces work better together. To add depth to the room, you could always layer objects of differing heights in the front and use different textures and colours that go well together.

You can breathe new life into any space while avoiding these common home decor mistakes with a few easy tweaks. If your approach or execution phase is carefully thought out, any home decor interior design can have a successful outcome. Avoid focusing on the result while decorating your room; instead, consider the process.

Assetz Property Group’s well-planned, spacious residences will make the ideal blank canvas for your exquisite interior design concepts. View our top-notch properties in Bangalore’s premier residential areas.

November 15, 2022November 15, 2022

All about real estate mutual funds

What are Real Estate Mutual Funds?

Real estate mutual funds are a type of fund that helps you invest in securities provided by real estate businesses. Essentially, REMFs allow investment in properties directly or indirectly through Real Estate Investment Trusts, otherwise known as REITs.

People who cannot invest directly in real estate can diversify their portfolios by investing small sums in real estate mutual funds in India, thereby anticipating a positive Return on Investment (ROI) as professionals manage these funds. It is significant to remember that factors affecting the real estate market, interest rates, and the supply and demand for homes and businesses, among other things, affect the returns on these assets.

Benefits of Investing in Real Estate Mutual Funds

Real estate mutual funds are ideal for investors with a limited investment budget. Selecting and managing investments do not need your attention because experts and professionals help handle the finances. Furthermore, these funds make a good investment for portfolio diversification. So, let’s discuss the advantages of investing in real estate funds:

Flexibility

Real Estate Mutual Fund provides flexibility to investors depending on the amount they want to invest and their long-term financial goals. People from all walks of life can invest in REIT dividends as there is a small cap on minimum investment.

Alternative to buying a property

Real Estate Mutual Funds are an excellent substitute for purchasing an investment property. Rather than investing in a physical asset, you can opt for REIT mutual funds to invest across a basket of real estate companies and assets. Besides, as experts handle REIT dividends, one can seek their expertise to know the viability of a particular investment before taking the plunge.

Portfolio diversification and stability

When investing in real estate, you may risk money because the drop in neighbourhood prices can yield unfavourable results. However, because Real Estate Mutual Funds invest in a broad portfolio of assets across geographies, it reduces the volatility.

Real Estate Mutual Funds also balance out the high-risk investments in the portfolio. Although real estate prices often fluctuate, this does not significantly affect real estate funds in the long run.

Liquidity

Real estate is not a liquid investment. Buying and selling real estate can sometimes result in low liquidity due to the challenges of reselling a property. However, investing in real estate mutual funds can help gain higher returns as the investor can liquidate the funds whenever the prices rise. Especially during inflation, when there is an increase in property prices and rents, this results in a hike in the value of real estate mutual fund units, thus benefitting the investor.

Risks associated with Real Estate Mutual Funds

In contrast to other investment options, real estate mutual funds also involve some disadvantages, including interest rate risk and lack of control.

No certainty of profits

Real estate values change according to supply and demand in the market. When the markets are performing well, the real estate funds will generate massive profits. However, in the event of a downturn, the funds’ returns could be lower. Therefore, investing in real estate means there is no certainty that you will attain maximum returns.

Lack of control

The fact that the investors do not have total control over their money is a drawback of this kind of investment. They often do not have a choice to decide how or in which business their money should be invested. Investors who own shares of a corporation have a voice in this situation, however, investors in real estate funds do not.

REMFs can be tricky since these are sector funds and are subject to market risks, interest rate risks, availability and demand for space, etc., just like other investments. Therefore, before investing in real estate mutual funds, it is essential to be aware of any potential risks involved. Real estate investments are suitable for investors well-versed in the real estate sector and the economy.

October 20, 2022October 20, 2022

DIY DIWALI DECORATION IDEAS TO BRIGHTEN YOUR HOME IN 2022

The festival of light is approaching, sparking feelings of joy and festivity within each one of us. As you read this, you must be getting your beautiful home spring cleaned, polished, and maybe even painted for the auspicious festival of lights. Needless to say, it’s that time of the year when our artistic capabilities come to the forefront as we decorate our homes with homemade Diwali decoration items and cheerful accents. Following are some DIY Diwali decoration ideas to liven up your home!

5 Diwali Decoration Ideas For Your Home

Diwali evokes a plethora of beautiful memories as well as the joy of togetherness and festivities. Diwali decoration craft is one way to go if you want to decorate your home in a way that expresses your fondness for the festival, adorning your home with elegance and grandeur. What’s even better? Diwali falls on October 24, a Monday, giving you a long weekend to revamp your home with the best DIY Diwali decoration ideas! Here are some suggestions to get you going.

Adding Colour to Your Home with Paper Cup Lanterns

Have you come across stashed-away coffee cups while cleaning your home this Diwali? Well, don’t throw them away yet because it’s time to finally bring those cups into use. Take them outside and use them to build some charming Diwali DIY miniature lanterns.

Requisites for making the lanterns:

Coffee/tea cups
Wrapping paper
Bulbs/fairy lights
Scissors

How to Make Paper Cup Lanterns

Stick wrapping paper of various colours around the cups to create a design of your choice.
Each cup needs a small hole drilled at the bottom for the lights to pass through.
Hang these DIY miniature lanterns on the door or window sills to amp up your decor.

2. Fruit Candles to Fill Your Homes with Light

This time while preparing a refreshing bowl of fruit salad, let’s avoid discarding the orange and sweet lime peels. Repurpose the same for Diwali decoration craft and make fruit-scented candles out of them instead.

Requisites for making fruit candles:

Sweet lime or orange peels
Scissors
Tealight candles

Making Diwali DIY Fruit Candles Method

Take the peels of the sliced orange or sweet lime.
Place the tealights inside the empty peels.
Light it up to feel the zesty, fresh scent!
Using a good pair of scissors, you may alternatively cut the peel in a pattern you like.

3. Creative CD DIYs to Bring Holiday Cheer into Your Home

Several damaged CDs are lying around our home, so why not utilise them for our DIY Diwali decoration ideas?

What you’ll need to make DIY CDs:

CDs with wear and damage
Glitter/stickers
Fevicol
Diya/tealights

How To Make DIY CDs

Put an adequate amount of fevicol on the CD.
Add some colourful glitter of your choice.
Put some more fevicol in the centre and stick the tealight or diya to it.
Additionally, you may use little stickers or paint to adorn the DIY decor.

4. Doorway Diwali Decoration

Door hangings with a traditional design are widely available in the market. You can always use them as inspiration to create your own Diwali DIY door hangings. Utilise unused items from your home to create a functional door hanging.

5. Flower Decoration for Diwali

Another easily accessible decorative item that you can utilise for your DIY Diwali decoration ideas is flowers. Flowers are the best accessory to decorate your home. You can use real flowers or even create DIY paper flowers to make this Diwali 2022 an environmentally friendly one.

We hope this blog has helped ignite your creative skills. This Diwali, take out some free time and engage with your family to enhance your space with homemade Diwali decoration items. Manifest your crafting power, prepare your tools, and hop in! Watch your living space come to life.