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Stamp duty and registration charges in Gurgaon

By Rishabh Chamoli | 2022-10-10

When a property is purchased, it is imperative to register the property in the name of the buyer in the Registrars office. The registration affirms the buyers legal ownership on the property and minimises the chances of fraud, in the event of a dispute. However, the entire registration process entails a plethora of documents along with the payment of an additional fee, i.e. registration fee and stamp duty. Registration fee is the cost levied by the government to record the property details, and stamp duty is the tax levied on the legal recognition of the property documents.

In Gurgaon, the sale deed is registered at the Sub Registrars Office in whose jurisdiction the property is situated. The registration should be duly complied within four months of the execution of the sale deed along with all the necessary documents. The Sub Registrar scrutinises the documents and issues the registration certificate. However, the stamp duty and registration charges depend on the ownership type and the transaction value of the property.

What are the Stamp duty and registration charges in Gurgaon?
For properties falling within municipal limits in Gurgaon, a male buyer needs to pay 7 per cent stamp duty while a female buyer is required to pay 5 per cent stamp duty. If the property is jointly owned, the stamp duty will be 6 per cent. For properties that are outside municipal limits, the stamp duty levied is 5 per cent and 3 per cent for men and women, respectively and 4 percent for joint ownership. Similarly, registration charges are capped at Rs 15,000 for properties above Rs 25 lakh.

How to calculate stamp duty in Gurgaon?
Follow the steps below to calculate the property value in Gurgaon and the corresponding stamp duty payable

Step 1 Estimate the built up area of the property or the size of the plot in the case of a plotted development
Step 2 Select the property type from the listed properties. I.e. whether the property is an apartment or a builder floor, a plot or a house or a shop or a commercial unit
Step 3 Choose the area or locality where the property is situated
Step 4 Calculate the minimum assessed value as per the current circle rate

How to pay stamp duty online in Gurgaon?

Here is a step by step guide to paying stamp duty in Gurgaon

Create an account using a username and password
Proceed on to the next page and fill in the property details
Review the stamp duty and make the necessary payment through internet banking
On the completion of the payment, a receipt will be generated
Save the receipt for future reference
Overall, if planning to purchase a property, it is imperative to analyse the additional costs of stamp duty and registration charges. While small transactions may not create a fiscal burden, the big property purchases may take a toll on your financial strategy. Therefore, it is essential to do the due diligence and determine the cost of property acquisition than just the market value.