Compare home affordability, property taxes, and costs of homeownership
Average Home Price
$6,000,000
Property Tax Rate
5%
Registration
1%
Market Trend
Rapid appreciation in Bangalore IT corridors
Average Home Price
$4,500,000
Property Tax Rate
7%
Registration
1%
Market Trend
Steady growth in IT and manufacturing hubs
Annual Income
Monthly Debts
Down Payment
Interest Rate
Property Tax Rate
Maximum Home Price
$230,158
Down Payment (20%)
$46,032
Loan Amount
$184,127
Total Monthly Payment
$2,251
Principal & Interest:
$1,225
Property Tax:
$959
Insurance:
$67
Loan Amortization Schedule
Annual Income
Monthly Debts
Down Payment
Interest Rate
Property Tax Rate
Maximum Home Price
$230,158
Down Payment (20%)
$46,032
Loan Amount
$184,127
Total Monthly Payment
$2,635
Principal & Interest:
$1,225
Property Tax:
$1,343
Insurance:
$67
Loan Amortization Schedule
About Karnataka:
Karnataka, led by Bangalore's IT boom, offers strong property appreciation. Stamp duty is 5% for men and 3% for women, with 1% registration charges.
About Tamil Nadu:
Tamil Nadu offers relatively affordable housing with Chennai as the hub. Stamp duty is 7% with 1% registration charges, making it one of the higher-taxed states.
The primary difference between Karnataka and Tamil Nadu lies in stamp duty rates (5% vs 7%), registration charges (1% vs 1%), and average property prices (₹6,000,000 vs ₹4,500,000).
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