If you're planning to buy a home or plot in Shettigere, it's important to understand the full cost—beyond just the price of the property. In 2025, property buyers in this fast-growing North Bangalore area should know about three key charges: property tax, guidance value, and registration fees. This guide breaks it all down so you can plan your budget better and avoid surprises.
Why Is Shettigere in High Demand?Shettigere has become one of North Bangalore's most talked-about areas. It's only about 10 minutes from Kempegowda International Airport, making it a top pick for people who travel often or work near the airport.
What's driving this demand?
All of this is making Shettigere a strong investment choice in 2025.
Property Tax in Shettigere: What You'll Pay Each YearProperty tax is a yearly charge you pay to the local government. In Shettigere, the BBMP (Bruhat Bengaluru Mahanagara Palike) collects this tax.
How Is It Calculated?
The amount you pay depends on:
BBMP uses something called the Unit Area Value (UAV) method. It looks at how much rent your property could earn in a year and applies a percentage to that amount.
In 2025, BBMP increased property tax rates by 25–30% across many areas, including Shettigere.
Example Costs:
How to Pay:
Tip: Pay before April 30 to get a 5% rebate. If you're late, there's a 2% monthly penalty.
Also, starting in 2025, solid waste management fees based on the built-up area are added to the bill.
What Is Guidance Value and Why It MattersGuidance value (also called the "circle rate") is the minimum price the government uses to calculate how much stamp duty and registration fee you need to pay. It's not always the same as the market price—but it's very important.
2025 Update:
In 2023 and early 2025, the Karnataka government increased guidance values across the city. In Shettigere, values rose due to the new metro, airport projects, and increasing demand.
Note: You can't register property below the guidance value. Doing so will get your documents rejected.
How to Check:
You can also visit the nearest Sub-Registrar Office (SRO) if you prefer offline help.
Stamp Duty & Registration Fees in Shettigere (2025)When you register your property, you need to pay stamp duty (a type of state tax) and a registration fee.
Rates in 2025:Property Value | Stamp Duty | Registration Fee |
---|---|---|
Up to ₹20 lakh | 2% | 1% |
₹21–₹45 lakh | 3% | 1% |
Above ₹45 lakh | 5% | 1% |
Also, there's a 10% additional duty and 2–3% surcharge depending on whether the area is marked urban or rural. Shettigere falls under the urban category.
Sample Cost:Let's say you're buying a flat at Godrej MSR City for ₹75 lakh:
You can pay this online through the Kaveri portal or offline at the sub-registrar's office. Don't forget to carry your PAN card, Aadhaar, sale deed, and any project NOCs (like from BIAAPA).
Note on GST: If you're buying an under-construction flat, you'll also pay GST—5% for standard homes, 1% for affordable homes. Resale flats are exempt from GST.
Who Regulates Growth in Shettigere?Shettigere is part of the BIAAPA zone (Bangalore International Airport Area Planning Authority). This body controls land use, building height, road planning, and layout approvals near the airport.
Since Shettigere is close to the runway, buildings must follow strict height limits under something called the Obstacle Limiting Surface (OLS) rule. That's why all large projects, including Godrej MSR City, need BIAAPA clearance before starting.
The good news? This ensures every approved project is well-planned and legally sound.
Looking Ahead: Why Shettigere Is a Smart ChoiceHere's why people are investing here in 2025:
Rental demand is also strong—thanks to airport staff, tech professionals, and others who prefer to live close to their workplace. Many investors are already seeing good returns in just 2–3 years.
Category | Approx. Cost |
---|---|
Property Tax | ₹4,000 – ₹6,000 per year (1,200 sq. ft. home) |
Guidance Value | ₹3,800 – ₹5,000/sq. ft. for plots |
Stamp Duty | 2%–5% of property value |
Registration Fee | 1% of registered value |
Buying a home in Shettigere in 2025 can be a smart move—but only if you understand the full cost involved. Property tax, guidance value, and registration charges all play a role in your total spend. Projects like Godrej MSR City show that the area is ready for modern, high-quality living. With solid planning and good timing, your investment in Shettigere could grow in value—and lifestyle—for years to come.
Godrej Properties pre launch new project is Godrej MSR City
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