Shettigere, located in North Bangalore, has become a key real estate hotspot, especially with landmark projects like Godrej MSR City enhancing its urban profile. As more homebuyers and investors turn their attention toward this emerging locality, understanding the financial aspects such as property tax, guidance value, and registration charges becomes essential for informed decision-making in 2025.
Situated near Kempegowda International Airport, Shettigere has witnessed significant development due to its connectivity, planned infrastructure, and proximity to tech hubs. Being part of Bangalore’s northern growth corridor, it has attracted interest from reputed developers, including Godrej Properties, who have launched premium projects like Godrej MSR City in this region.
Property tax in Shettigere is collected by the Bruhat Bengaluru Mahanagara Palike (BBMP) for areas within its jurisdiction. However, if the locality falls under the Bangalore Metropolitan Region Development Authority (BMRDA), the rates and processes may vary slightly.
Property tax is calculated based on:
For 2025, residential properties in Shettigere are charged based on the Unit Area Value (UAV) system. UAV rates differ based on the property’s location, with Shettigere falling under the emerging urban zone.
Indicative annual residential property tax (for 1,200 sq. ft.): ₹4,000 – ₹6,000 depending on the specific zoning classification and property type.
Guidance value refers to the minimum value fixed by the government for registering a property. It is revised periodically and directly impacts stamp duty and registration charges.
In 2025, Shettigere has seen a moderate appreciation in guidance value due to infrastructure development and increased real estate demand.
This increase signals a healthy appreciation in the region and reflects strong future ROI potential.
When buying property in Bangalore, stamp duty and registration charges are uniform across the city, including Shettigere.
As per 2025 norms in Karnataka:
Stamp duty:
Registration fee:
Example Calculation for a ₹75 lakh apartment in Godrej MSR City:
Total transaction-related charges: ₹4.5 lakh (approx.)
Key Benefits of Transparency in Charges
Summary of 2025 Rates in Shettigere
Category | Value/Rate |
---|---|
Property Tax (avg.) | ₹4,000 – ₹6,000 annually |
Guidance Value | ₹3,800 – ₹5,000 per sq. ft. |
Stamp Duty | 3%–5% (based on property value) |
Registration Charges | 1% of registered value |
As one of the fastest-growing suburbs of Bangalore, Shettigere is steadily becoming a prime destination for residential investment. With projects like Godrej MSR City, the area not only offers modern living spaces but also benefits from competitive and transparent property-related costs.
For those seeking long-term growth and clarity in property dealings, Shettigere in 2025 presents a balanced combination of affordability, connectivity, and regulatory ease.
Disclaimer: Any content mentioned in this website is for information purpose only and Prices are subject to change without notice. This website is just for the purpose of information only and not to be considered as an official website.
|