Property Registration Charges in India:
When registering your property, you need to pay registration fees along with stamp duty. Registration fees is not the same in all states. It generally ranges between 0.5 to 3% of the property value. So if you live in Bihar and you buy a house worth Rs. 20 lakh, you need to pay 2% of the value – Rs. 40,000 – as registration charge. However, in most states, there is a minimum and maximum registration fees applicable. For example, in Meghalaya, the applicable registration fee is 1% of the property value, but it cannot exceed Rs. 30,000. So if you buy a property worth Rs. 45 lakh, need to pay only Rs. 30,000 and not Rs. 45,000, as registration fees.
Given below are the registration charges applicable in various states of India. The rate of levy is subject to change.
|Andhra Pradesh, Telangana
|Assam, Chandigarh, Chhattisgarh, Delhi, Karnataka, Madhya Pradesh, Meghalaya, Mizoram, Nagaland, Tamil Nadu
|Bihar, Himachal Pradesh, Kerala, Orissa, Punjab, Rajasthan, Uttarakhand, Uttar Pradesh
|Jharkhand, Manipur, Sikkim
|Haryana, Maharashtra, West Bengal, Tripura
||Dependent on property prices
Many banks also count in registration charges when calculating the home loan amount. However, it is best if you can pay the administrative charges on your own. This will reduce your total loan amount and bring down the interest amount and EMI slightly.