Property & Farmland in Coorg
Who can buy, how ownership works, and the taxes and duties for buying property in Madikeri.
Who can buy in Madikeri
Indian citizens and resident buyers enjoy unrestricted ownership of residential and commercial real estate. NRI/OCI buyers follow FEMA regulations — residential/commercial allowed, agricultural land only via inheritance. Foreign nationals cannot purchase property in India except by inheritance.
| Buyer | Permitted | Tenure | Conditions |
|---|---|---|---|
| Indian Resident | Yes | Freehold | Unrestricted purchase of residential, commercial, agricultural |
| NRI / OCI | Conditional | Freehold | Residential and commercial allowed; agri/plantation/farmhouse only via inheritanceApproval: FEMA / RBI compliance |
| Foreign National | No | None | Cannot purchase; inheritance allowed from Indian resident |
India rule, applies in Madikeri.
Stamp duty and registration in Karnataka
Stamp duty and registration charges are mandatory taxes levied on property transactions in Karnataka. These rates vary based on property value and are crucial for legal ownership transfer.
| Property value | Stamp duty |
|---|---|
| All conveyances, including every resale | 5% |
Karnataka rule, applies in Madikeri.
Capital gains on a sale
Capital gains tax applies to profits from property sales. It's categorized as short-term (held for less than 24 months) or long-term (held for more than 24 months), with different tax rates and indexation benefits.
| Holding period | Classification | Tax rate | Indexation |
|---|---|---|---|
| 24 months or less | Short-Term Capital Gain (STCG) | At your income tax slab rate | Not applicable |
| More than 24 months | Long-Term Capital Gain (LTCG) | 12.5%, without indexation | Not applicable |
India rule, applies in Madikeri.
Always consult a licensed real estate attorney before purchase. Rules change; verify current law. Always confirm with a qualified tax professional. Rules change; verify with a professional before you transact.
Frequently asked questions about Madikeri
With conditions. Residential and commercial allowed; agri/plantation/farmhouse only via inheritance Approval: FEMA / RBI compliance.
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