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Stamp Duty and Registration Charges in Gurgaon: A Comprehensive Guide

Property acquisition in Gurgaon requires a thorough understanding of the intricacies involved in stamp duty and registration charges. These charges, significant in a home purchase, are intricately tied to the property’s circle rate, with local authorities determining the applicable fees. Beyond being a financial consideration, these charges contribute to the city’s infrastructure advancements. Explore the latest updates on stamp duty and registration charges in Gurgaon with essential insights for prospective homebuyers.

Important Factors While Calculating Stamp Duty

Factors influencing stamp duty include:

Gender of the Owner: Stamp duty charges favour females, receiving rebates to encourage homebuying.

Location of Property: Urban areas incur higher stamp duty, while rural areas experience comparatively lower charges.

Property Type: Stamp duty rates vary for residential, commercial, and industrial properties in Haryana.

Amenities: Properties with premium amenities attract higher stamp duty charges, reflecting the enhanced features.

Stamp Duty Charges in Gurgaon in 2023

It is important to understand the stamp duty charges in Gurgaon, which range from 3-7 percent. These charges depend on various factors, such as the property location (within or outside municipal limits), the gender of the property owner (male or female), and whether the ownership is joint or not.

Stamp Duty Charges in Gurgaon

JurisdictionMaleFemaleJoint
Within Municipal Limits7%5%6%
Outside Municipal Limits5%3%4%

Stamp Duty in Gurgaon for Men

In Gurgaon, stamp duty for men varies based on property location. For properties within municipal limits, it’s 7%, and for those outside, it’s 5%.

JurisdictionMale
Within Municipal Limits7%
Outside Municipal Limits5%

Stamp Duty in Gurgaon for Women

Gurgaon follows the trend seen in other cities by having different stamp duty and registration charges in Gurgaon for male and female buyers. Encouraging female property ownership, stamp duty for women is slightly lower.

JurisdictionFemale
Within Municipal Limits5%
Outside Municipal Limits3%

Registration Charges in Haryana

Previously levied at Rs 15,000, the state government, in 2018, revised these charges, setting the upper limit at Rs 50,000. These charges are applicable to various documents such as gift deeds, sale deeds, lease deeds, exchange deeds, partition deeds, collaboration agreements, mortgage deeds, settlement deeds, and sale certificates.

Here is a simplified breakdown of the registration charges based on the property value:

Property ValueRegistration Charge
Up to Rs 50,000Rs 100
Rs 50,001 to Rs 5 lakhsRs 1,000
Rs 5 lakhs to Rs 10 lakhsRs 5,000
Rs 10 lakhs to Rs 20 lakhsRs 10,000
Rs 20 lakhs to Rs 25 lakhsRs 12,500
Rs 25 lakhsRs 15,000
Rs 25 lakhs – Rs 40 lakhsRs 20,000
Rs 40 lakhs – Rs 50 lakhsRs 25,000
Rs 50 lakhs – Rs 60 lakhsRs 30,000
Rs 60 lakhs – Rs 70 lakhsRs 35,000
Rs 70 lakhs – Rs 80 lakhsRs 40,000
Rs 80 lakhs – Rs 90 lakhsRs 45,000
Rs 90 lakhs and aboveRs 50,000

How to Pay the Stamp Duty?

Paying stamp duty and registration charges in Haryana online is a simple process through the eGTRAS platform. This digital hub, part of Haryana’s Online Government Receipts Accounting System (e-GRAS), facilitates both manual and online tax and non-tax revenue transactions. To access e-stamps, individuals need to complete a straightforward registration on the e-GRAS portal.

How to Calculate Stamp Duty?

Calculate stamp duty in Haryana by following these steps:

  • Estimate the property’s built-up area or plot size for plotted development.
  • Select the property type: apartment, builder floor, plot, house, shop, or commercial unit.
  • Choose the area or locality where the property is located.
  • Calculate the minimum assessed value based on the current circle rate.

Procedure to Calculate

  • Residential Apartments: Multiply the built-up area by the circle rate per square foot.
  • Builder Floor on Independent Plot: Multiply the built-up area by the circle rate per square foot.
  • House Constructed on the Plot: For the plot, calculate (plot area in square yards multiplied by the circle rate per square yard) plus (built-up area per square foot multiplied by the minimum construction cost per square foot).
  • Plot: Multiply the plot area in square yards by the circle rate per square yard.

Valuable Tips for Stamp Duty Registration in Haryana

Consider these crucial aspects before addressing stamp duty in Haryana:

  • Stamp a registered property on the registration day or the following working day.
  • For properties beyond the territory, stamping is allowed within three months.
  • Stamp at the property’s execution when both parties sign the transaction papers.
  • Ensure the stamp paper includes the names of all involved parties and doesn’t exceed six months.
  • Opt for adhesive stamps for Haryana’s stamp duty, removing them during execution to prevent reuse.

Conclusion

Property registration and fulfilling stamp duty obligations are crucial in Haryana. The Indian Stamp Duty Act 1899 mandates stamp duty payment. In Haryana, stamp duty rates fluctuate between 5%-8%, contingent on the document type—Sale or Conveyance Deed, Exchange Deeds, Loan Agreements, Partnership Deeds, or Gift Deeds. Additionally, registration charges, capped at Rs 50,000, hinge on the property’s value. Simplify the process by obtaining an e-stamp through the e-GRAS platform.

FAQs (Frequently Asked Questions)

1. How Much Is The Stamp Duty For An Agreement In Gurgaon?

Stamp duty rates vary based on the type of agreement. Consult the latest regulations for accurate information.

2. Which Website Calculates Stamp Duty In Haryana?

For Haryana’s accurate and updated rates, calculate stamp duty effortlessly on the official e-GRAS platform.

3. What Is The Difference Between The Circle Rate And The Market Rate?

The circle rate is the government’s minimum property value, while the market rate is the actual property value.

4. Is It Mandatory To Have A Property Id In Gurgaon?

While not mandatory, having a property ID aids in precise identification and streamlines administrative processes.

5. Is There A Penalty For Non-Payment Of Stamp Duty In Haryana?

Yes, non-payment of stamp duty in Haryana may attract penalties as per the Indian Stamp Duty Act 1899.

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