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Stamp Duty and Registration Charges in Gurgaon

Stamp Duty and Registration Charges in Gurgaon

Currently, Gurugram is one of the most expensive property markets in India. The price of any property is measured by the circle rates of that area. Circle rates in Gurugram are based on the demand for properties in that area.

If you registered it in your name at the Registrar’s Office On the basis of registration, you become the legal owner of your property and it is, therefore, necessary to avoid fraud. The most important for registration are documentation and payment.

The deed of sale is registered in the sub-registrar’s office in Gurgaon according to the rules of sale registration must be completed within 4 months, with all the documents the sub-registrar checks all the documents and issues.

Registration certificate stamp duty and the registration fee are determined at the point of exchange of property.

The purchase of property is considered incomplete without stamp duty and registration fees. If a person does not register the property, then legally his ownership rights remain with the original owner. The main purpose of the registration is to keep a record of the owner of that property.

What is Stamp Duty?

It is a tax distributed by the government that is levied on all legal property transactions. Stamp papers purchased at the seller’s and buyer’s residence are valid for 6 months.

Stamp duty must be paid on time and in full if stamped. A Delay in payment of the fee may attract a penalty. As per Section 3 of the Indian Stamp Act 1899, it is necessary for the legal right to property

Latest Stamp Duty and Registration Charges in Gurugram

In Gurgaon, a male buyer has to pay 7% stamp duty and also a female buyer has to pay 5% stamp duty if the property is owned jointly then the stamp duty is 6%.

For properties outside the municipal limits, male buyers have to pay 5% stamp duty and female buyers have to pay 3% stamp duty and also 4% stamp duty for joint ownership. It has to be paid

Property registration fee in Haryana has increased from ₹15000 to ₹50000 in 2018. Revised cost is applicable on all sale deed certificates, lease deeds, exchange deeds, partition deeds, and also gift deeds.

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Gurgaon Stamp duty in 2022

Area                                Male   Female   Joint

Under Muncipal Limits     7 %     5%        6%

Outside Muncipal Limits  5%       3%       4%

Property registration charges in Haryana 2022

Property Value                        Registration Charge

Up to 50000                               Rs 100

Rs 50000 to Rs 5 lakh               Rs 1000

Rs 5 lakh to Rs 10 lakh             Rs 5000

Rs 10 lakh to Rs 20 lakh           Rs 10000

Rs 20 lakh to Rs 25 lakh           Rs 12500

Rs 25 lakh to Rs 40 lakh           Rs 20000

Rs 40 lakh to Rs 50 lakh           Rs 25000

Rs 50 lakh to Rs 60 lakh           Rs 30000

Rs 60 lakh to Rs 70 lakh           Rs 35000

Rs 70 lakh to Rs 80 lakh           Rs 40000

Rs 80 lakh to Rs 90 lakh           Rs 45000

Rs 90 lakh and Above               Rs 50000

Haryana is under more pressure from industries to reduce “stamp duty and registration charges” to make property purchases more attractive at a time when the coronavirus pandemic has ushered in an era of recession, because the state government has taken this decision.

It was taken that these taxes should be kept constant, but also shortly before the state government increased the circle rates in major housing markets including Gurgaon.

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Why we should invest in Real Estate in Gurgaon?

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