Stamp Duty and Registration Charges in Haryana
Jun 21, 2023NCR Real Estate

Stamp Duty and Registration Charges in Haryana

by Godrej Properties Limited

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Stamp duty is a state-level tax imposed on the transfer of ownership or sale of immovable property. Read this blog to learn all about Stamp Duty and Registration Charges in Haryana.

Understanding the intricacies of Stamp Duty is essential for both buyers and sellers to ensure compliance with legal requirements. As an important component of property transactions, it serves as evidence of the legality and validity of the transaction.

In Haryana, the Stamp Duty is usually calculated as a percentage of the property's consideration amount mentioned in the sale deed or its market value, whichever is higher. The property registration rate in Haryana varies based on the property value and the gender of the buyer.

Applicable Stamp Duty & Property Registration Charges in Haryana 2023

Currently, for gift deeds, it stands at 5%; while for sale or conveyance deeds, rates are set at 7%. The Stamp Duty is slightly higher in exchange deeds, at 8% of the property value. These charges are applicable only in the urban areas of Haryana and may be typically lower by 2% in rural markets. 

Apart from Stamp Duty, property buyers must pay registration charges, usually a fixed percentage (around 1%) of the property's market value or the consideration amount, whichever is higher.

How to Pay Stamp Duty in Haryana

Follow these steps to register a property and pay stamp duty in Haryana:

  • Visit the Jamabandi website and book a slot for registration by checking the deed appointment availability.
  • Provide necessary details like district, tehsil, and the desired timeframe. On the scheduled day, the buyer, seller, and two witnesses should visit the sub-registrar's office to complete the registration process.
  • Next, obtain the required Stamp Paper, which can be purchased physically from the sub-registrar's office or through franking.
  • For online payment of Stamp Duty and Registration Charges, visit the e-GRAS platform, where you can make tax/non-tax revenue payments manually and online.
  • To pay offline, purchase Stamp Papers from the treasury office and submit the stamp paper amount to the State Bank of India under the specified head.
  • Stamp Duty may be influenced by the property's age (old or new), jurisdiction (urban, rural, or suburban), and usage.
  • Consulting with legal experts or professionals and exploring an online fee calculator can provide further guidance for smooth property registration in Haryana.


Frequently asked questions

1. Are there any tax benefits for paying Stamp Duty in Sonipat, Haryana?

Ans: Tax benefits are available as per Section 80C of the IT Act 1961, with a maximum deduction limit of INR  1,50,000, applicable for new residential properties in the year of actual payment.

2. What documents are needed to pay Stamp Duty in Faridabad, Haryana?

Ans: The documents needed to pay Stamp Duty include an NOC, ID proofs of witnesses, ID proofs and address proofs of the buyer and seller, a digital photo of the property layout, building plans and a sale deed.


 

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