Jun 13, 2023Homes and People

Stamp Duty in Andhra Pradesh: Charges, Calculation & Payments

by Godrej Properties Limited

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Property Registration Charges in Andhra Pradesh (2023)

The calculation of stamp duty and registration charges in Andhra Pradesh in 2023 is based on the Ready Reckoner Rates (RRR) set by the state government or the property's market value. Thus, if you purchase a property at Rs. 6,000 per sq. ft. and the RRR of the area is Rs. 5,000, then the stamp duty and registration charges you pay will be based on any amount between Rs. 6,000 to Rs. 5,000.

Registration and Stamp duty in Andhra Pradesh is levied at 1% and 5% of the property’s market value, respectively. Homebuyers are also charged a transfer duty fee of 1.5% of the property’s market value. Thus, a homebuyer pays 7.5% of the transaction amount.

Calculation of House Registration Charges in AP

House or land registration charges in AP can be computed using the online stamp duty calculator in Andhra Pradesh. Visit the official APMV website of the Registration and Stamps Department of AP. Select the applicable values from the dropdowns and enter the consideration value to know the charges payable.

Alternatively, AP registration charges can also be calculated manually, as illustrated below on a property worth 50 Lakh:

Stamp duty payable = 50,00,000 x 5% = 2,50,000

Registration charges payable = 50,00,000 x 1% = 50,000

Transfer duty fee payable = 50,00,000 x 1.5% = 75,000

Thus, you will have to pay Rs 3,75,000 to register your Rs 50 Lakh worth of property.

Documents Required for Property Registration in AP

The following documents need to be submitted while registering property in AP. These include:

  • A registered copy of the original sale agreement
  • Copy of the stamp duty payment receipt
  • Copy of the latest City Survey Department’s property register card
  • Copy of utility bills
  • Identity proof of the seller and buyer - Aadhaar card, passport, etc.
  • Passport-sized photographs of the seller and buyer

Finally, property registration in Andhra Pradesh can also be done online on the official SHCIL website through a straightforward process. You can also avail a stamp duty exemption on land used for solar power projects.

Stamp Duty in AP on Conveyance Deeds

In 2023, understanding how to calculate stamp duty in Andhra Pradesh, especially on conveyance deeds, is crucial. Stamp duty is assessed at 5% of the property value, with an additional 1% for registration charges and 1.5% for transfer duty. Let's break down the calculation:

If you're purchasing an apartment worth Rs. 80 lakh, the applicable stamp duty is 5%, the registration charge is 1%, and the transfer duty is 1.5%.

  • Stamp duty: 5% of Rs. 80 lakh = Rs. 4,00,000
  • Registration charge: 1% of Rs. 80 lakh = Rs. 80,000
  • Transfer duty fee: 1.5% of Rs. 80 lakh = Rs. 1,20,000

So, the total registration cost will be Rs. 6,00,000, making the final property cost Rs. 86 Lakh.

How to Calculate Duty and Fee on the Official IGRS AP Portal (2023)

For a seamless calculation of duty and fees on the official IGRS Andhra Pradesh portal in 2023, follow these steps:

  • Visit the IGRS AP homepage or use this link: IGRS AP Portal.
  • Scroll down and select 'Duty Fee Calculator.'
  • Choose the nature of the document.
  • Select the major code, minor code, and consideration value.
  • Click 'Calculate' to get the stamp duty charges.

How to Pay Stamp Duty in Andhra Pradesh Online Using SHCIL

Thanks to the collaboration between the Andhra Pradesh government and the Stock Holding Corporation of India (SHCIL), paying stamp duty online has become effortless. 

Here's a step-by-step guide:

  • Visit the official SHCIL website: SHCIL E-Stamp.
  • From the dropdown list, select 'Andhra Pradesh.'
  • Log in with your credentials (username and password).
  • Enter the required property details.
  • Make the fee payment using the payment gateway of your choice, such as NEFT, online banking, or credit/debit card.
  • Save the receipt for future reference.

 

Frequently asked questions

1.What is the minimum property registration charge in AP?

Ans: Ready Reckoner Rates (RRR) represent the minimum value of a property in a particular area. RRR is fixed by the state government.

2.I have purchased land in Andhra Pradesh, do I still have to pay registration charges?

Ans: AP land registration charges are the same as any other immovable property you purchase. Use the land registration charges in the AP 2023 calculator on the official website mentioned above to compute the charges.

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