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While acquiring a property, it is important to take into consideration the registration and stamp duty charges too. These charges are considerably going to increase the budget set on purchasing your house and also differs in each state. Stamp Duty and Property Registration are mandated under the Indian Stamp Act, 1899 mainly to validate the sale of the property and maintain a record of the purchase.
The stamp duty and registration charges in Hyderabad are mentioned below:
Type of Fee | Amount |
---|---|
Registration charge | 0.5% of the property value |
Stamp duty | 4% of the property value |
Transfer duty | 1.5% on property value |
Stamp and transfer duty payable on | MV or consideration, whichever is higher |
Type of Fee | Amount |
---|---|
Registration charge | 0.5% of the property value |
Stamp duty | 4% of the property value |
Transfer duty | 1.5% on property value |
Type of Fee | Amount |
---|---|
Registration charge | 0.5% of the property value |
Stamp duty | 4% of the property value |
Transfer duty | 1.5% on property value |
These are the stamp duty and registration charges in Hyderabad:
Document | Registration Fees | Stamp Duty | Chargeable Value |
---|---|---|---|
Sale Deed (in Gram Panchayath) | 2.00% | 5.50% | Market Value (Or) Consideration Which Ever Is Higher |
Sale Deed (in other areas) | 0.50% | 5.50% | Market Value (Or) Consideration Which Ever Is Higher |
Sale Agreement with Possession | 0.5% (Minimum Rs.1,000/-and Maximum 20,000/-) | 5.50% | Market Value (Or) Consideration Which Ever Is Higher |
(5.50% Adjustable) | |||
Sale Agreement Without Possession | 0.50% (Minimum Rs.1,000/-and Maximum 20,000/-) | 0.50% (Not adjustable) | Market Value (Or) Consideration Which Ever Is Higher |
Agreement of Sale cum General Power of Attorney | 0.5% (Subject to a minimum Rs.5,000/- and maximum Rs.1 lakh/-) | 6.50% | Market Value (Or) Consideration Which Ever Is Higher |
(5.50% Adjustable) | |||
Conveyance | 0.50% | 5.00% | Market Value (Or) Consideration Which Ever Is Higher |
Certificate of Sale | 0.50% | 5.00% | Value Equal To The Amount Of Purchase Money |
Development / Construction Agreement cum GPA | 0.50% (subject to a minimum of Rs.5000/- and maximum of Rs.1 lakh/-) | 1.00% (not adjustable) | Land value or the estimated cost of the proposed construction /development of the property whichever is higher |
Development/Construction Agreement | 0.5%(subject to a minimum of Rs.1000/- and maximum of Rs.20,000) | 0.50% (not adjustable) | Land value or the estimated cost of the proposed construction /development of the property whichever is higher |
Note:Deed Name-Sale
In order to register a property in Hyderabad, there are several documents required to do so. The list of documents required to register a property are mentioned below:
All the original documents must be submitted bearing all the required signatures of all the respective parties.
Let us assume that a plot in Hyderabad, in a specific area, costs Rs.4,000 per square feet. This means that any plot or house sold in this area cannot be sold for lesser that Rs.4,000, but can be sold above this price.
Let us sat that Mr. Patel had purchased a property of 1000 square feet in the same area in Hyderabad at Rs.4,000 per square feet.
The guidance value for the property will therefore be Rs.4,000 times 1000 = Rs.40,00,000.
The stamp duty for the property (assuming it is a municipal property) will be 4% of the market value (Rs.40,00,000 lakh) = Rs.1,60,000.
Registration Charges for the property will be 0.5% of saleable value (Rs.40,00,000 lakh) =Rs.20,000.
Therefore, the total registration and stamp duty charges will add up to be Rs.1,60,000 + Rs.20,000 = Rs.1,80,000.
Therefore, Mr. Patel will have to pay a total of Rs.40,00,000 + Rs.1,80,000 = Rs.41,80,000 to obtain the property.
What is stamp duty?
Stamp duty is a legal tax imposed on the purchase or sale of a property.
What is the stamp duty for Municipalities and Corporations?
The stamp duty for Municipalities and Corporations is 4%.
What is the registration fee for sales deed in gram panchayat?
The registration fee for sales deed in gram panchayat is 2.00%.
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