State Wise Stamp Duty & Registry Charges 2020-21| Fee Details, Rules for All States


All you should know about State Wise Stamp Duty & Registry Charges 2020-21| Fee Details, Rules for All States

Irrespective of the financial status, it is a dream for every Indian to buy their own house. It is the most important financial decision that every person wants to buy their own dream house. Buying a property involves different steps such as choosing the house identifying the property, applying for the loan, making payment, and finally possessing the property. However, the process doesn’t end here.

The final and the most crucial step is the Registration of the Property on the buyer’s name. Moreover, it guarantees that the property gets registered under the buyer’s name and ensures that the owner is legally transferred in the buyer’s name. To write the property in the buyer’s name, the property buyers should follow a formal procedure called Stamp Duty to the Government, also called Stamp Duty Charges.

State Wise Stamp Duty & Registry Charges 2020-21| Fee Details, Rules for All States

This article gives you an elaborate explanation about State Wise Stamp Duty and Registry Charges, Factors Determining the Stamp Duty Charges, Fee Details, and the Rules for All States.

Factors determining the Stamp Duty Charges

Gender of the Owner:

Every buyer of the property should register the property on their name. Moreover, the buyer has to pay the stamp duty charges to the Government; he/se should pay the penalty to the Government.

Let us see the factors, which determine the Stamp Duty Charges.

Age of the Property :

The Government levies the stamp duty based on the property; the particular property’s age is crucial in determining the charges of stamp duty. The new buildings attract more charges than the old buildings.

The stamp duty charges also levied based on the gender of the owner. Usually, the stamp duty charges for female owners are less compared to the male owners.

Age of the Owner:

The age of the owner plays a significant role in fixing stamp duty charges. Senior Citizens will have to pay less amount compared to the younger ones.

Location of the Property:

The location of the property also determines the rate of stamp duty collected by the Government. The urban areas attract more stamp duty than the properties in rural areas.

State Wise Stamp Duty & Registry Charges 2020-21

As discussed above, the property owners must register their ownership in their name for which the Government collects stamp duty charges. 

· The stamp duty charges are different from different states across India. 

· The stamp duty levied in Andhra Pradesh may or may not be the same as that of Bihar. 

· The Stamp Duty charges are static, and sometimes it varies for properties based on different parameters like size, location of the property.

Fee Details of State Wise Stamp Duty Registry Charges 2020-21

Let us see the State Wise Stamp Duty Registry Charges’ fee details, which are different for different states across the country.

· In Andhra Pradesh, the stamp duty rates are 5%.

· In Arunachal Pradesh, the stamp duty rates are 6%.

· In Assam, the stamp duty rates are 8.25%.

· In Bihar, the stamp duty rates for Male to Female are 5.7%, from Female to Male, 6.3%, and in other cases, it is 6%.

· In Chhattisgarh, stamp duty rates are 5%.

· In Goa, the stamp duty charges upto Rs 50 Lakhs it is 3.5%, From Rs 50 Lakhs to Rs 75 Lakhs, it is 4%, From Rd 75 Lakhs to 1 Crore, it is 4.5% and 5% if the value exceeds 1 Crore.

· In Gujarat, stamp duty rates are 4.9%.

· In Haryana, the Stamp Duty rate for males is 6% in Rural Areas and 8% in Urban Areas. For females, it is 4% in Rural Areas and 6% in Urban Areas.

· In Himachal Pradesh, the stamp duty rates are 5%.

· In Jammu and Kashmir, the stamp duty rates are 5%.

· In Jharkhand State, the stamp duty rates are 4%.

· In Karnataka, it is 5% for the value above Rs 35 Lakhs, and it is 3% if the value is between Rs 21 Lakhs to 35 Lakhs. The Stamp Duty Charges are 2% if the value is less than Rs 20 Lakhs.

· In Kerala, stamp duty rates are 8%.

· In Madhya Pradesh, the stamp duty charges are 7.5%.

· In Maharashtra, the stamp duty charges are 3% ( Till 30 December 2020).

· In Manipur, the stamp duty charges are 7%.

· In Meghalaya, stamp duty charges are 9.9%.

· In Mizoram, the stamp duty charges are 9%.

· In Nagaland, the stamp duty charges are 8.25%.

· In Odisha, the stamp duty charges are 5% for Male and 4% for females.

· In Punjab, the stamp duty charges are 7% for Male and 5% for females.

· In Rajasthan, the stamp duty charges are 5% for Male and 4% for females.

· In Sikkim, the stamp duty charges are 4% + 1% for Sikkimese, and 9% +1% for other citizens.

· In Tamil Nadu, the stamp duty charges are 7%.

· In Telangana, the stamp duty charges are 5%.

· In Tripura, the stamp duty charges are 5%.

· In Uttar Pradesh, the stamp duty charges are 7% for Male and 7% – Rs 10000 for females.

· In Uttarakhand, the stamp duty charges are 5% for Male and 3.75% for females.

· In West Bengal, the stamp duty charges are 7% up to Rs 25 Lakhs’ value, and for the amount above Rs 25 Lakhs, it is 6%.

Note: In addition to the Stamp Duty, the property registration charges may be applicable while buying an Indian property. Moreover, it varies from state to state as similar to the stamp duty charges.

State Wise Stamp Duty & Registry Charges 2020-21 FAQ

Are the Stamp Duty Charges the same for every state in India?

No, the stamp duty charges are different for different states across India.

Why should citizens pay the stamp duty charges to the Government?

The citizens should pay the stamp duty charges to the Government to transfer the seller’s property on the buyer’s name. It is the legal evidence that the property got transferred in the buyer’s name.

What are the parameters in which the Government levies the stamp duty?

The Government levies the stamp duty on various parameters according to the location, government rules and value of land, etc.

Is there any penalty from the Government if the land buyer fails to pay the Government’s stamp duty charges?

The property buyer should pay the stamp duty charges once after the property registration in a stipulated time. Otherwise, he/she has to pay the penalty to the Government.