How to Calculate Flat Registration Fee in Bangladesh

Many people don't have much idea about the flat registration cost in BD. They often feel confused while purchasing a flat or an apartment. Property64.com will make things easier for its audience as we reveal the ways that will help you know "How to Calculate Flat Registration Fee in Bangladesh". Get some practical examples as well.

How to calculate flat registration fee or cost in Bangladesh?

The flat reg fee in BD includes a few charges, including

• Stamp duty,
• Registration fee, and
• Additional charges.

Stamp Duty:

One may ask what stamp duty is! It's the tax applied to the transfer of ownership of a property. The BD government receives this fee. The client pays it at the time of registration. When the market value of the property is less than or equal to BDT 5 lac BD Taka (500,000 BDT), the stamp duty will be 1% of the market value of the property. On the contrary, when the market value exceeds 5 lac BDT, the stamp duty is 2% of the property's market value, plus an additional 5000 taka.

Registration fee

Yet again, this fee is also for the BD government. Indeed, the government receives it for registering the flat in the government’s records. This fee is just a one-time expense for the client and is law-enforced. When the property's market value is less than or equal to BDT 30 lakh BD taka, the registration fee will be 0.5% of the market value. Meanwhile, if the market value of the property is more than 30 lakh taka, then the registration fee increases to 1% of the market value of the property, as well as an additional 15 thousand BDT.

Additional charges

These are the fees for miscellaneous services. For instance, it includes

• Obtaining a copy of the title deed,
• Preparation of the registration activities, and
• Other various expenses.

The additional charge is actually 2% of the market value of the property. All these registration-related fees are set by the BD government. Hence, there is no legal way to negotiate.

How is the flat registration value calculated?

The equation tells that, flat registration fee in BD = Stamp Duty + Registration Fee + Additional Charges. Let's take a look at some examples, If your property costs 3 lakh BD Taka, then the registration fee will be: 3000 taka (stamp duty) + 1500 taka (registration fee) + 6000 taka (additional charge) = 10,500 taka When your property costs 5 lakh BD taka, then the total fee will be: 5000 taka (stamp duty) + 2500 taka (registration fee) + 10000 taka (additional charge) = 17,500 taka If your property costs 10 lakh BD taka, then the total fee will be: 25000 taka (stamp duty: 2% of the market value plus 5k more) + 5000 taka (registration fee) + 20000 taka (additional charge) = 50,000 taka When your property costs 30 lakh BD taka, then the total fee will be: 65000 taka (stamp duty: 2% of the market value plus 5k more) + 15000 taka (registration fee) + 60000 taka (additional charge) = 140,000 taka If your property costs 40 lakh BD taka, then the total fee will be: 85000 taka (stamp duty: 2% of the market value plus 5k more) + 55000 taka (registration fee: 1% of the market value plus 15k more) + 80000 taka (additional charge) = 220,000 taka. If your property costs 1 crore BD taka, then the total fee will be: 205000 taka (stamp duty: 2% of the market value plus 5k more) + 115000 taka (registration fee: 1% of the market value plus 15k more) + 200000 taka (additional charge) = 520,000 taka.