Jun 23, 2023Investments

Explore Stamp Duty And Registration Charges In Gujarat

by Godrej Properties Limited

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Every state has different rules for stamp duty and registration charges. Understanding the relevant registration and stamp duty fees is essential for real estate transactions in Gujarat. The state government levies these fees, which significantly impacts the financial and legal elements of property ownership. You will find a summary of Gujarat registration and stamp duty charges in this blog.

 

 

Stamp Duty And Registration Charges In Gujarat

Latest Update: Stamp Duty in Gujarat

As of September 23, 2023, property registration in Gujarat has undergone a change. The Inspector General of Registration and Superintendent of Stamps in Gujarat has implemented a new rule, streamlining the process. Now, property registration requires only the last four digits of the Aadhaar card, eliminating the need for the entire Aadhaar card copy. However, parties involved in property registration and witnesses must still provide copies of their Aadhaar cards at the sub-registrar's office. This move aims to prevent misuse of the Aadhaar-enabled payment system. Consequently, sub-registrar offices have been instructed to abstain from collecting Aadhaar card copies as part of property registration documents.
 

Exploring Stamp Duty And Registration Charges in Gujarat

What Is Stamp Duty in Gujarat?

Stamp duty is a tax imposed on several legal documents, particularly those involving real estate transactions. Stamp duty rates change in Gujarat based on the type of real estate, the area, and the transaction value. Stamp duty in Gujarat is often determined by comparing the higher of two values, such as the transaction or market value. For industrial, commercial, and residential properties, the rates could vary. Additionally, in 2023, gift deed stamp duty in Gujarat is subject to the prevailing rates and regulations set by the state government.

What Are Registration Fees in Gujarat?

Fees paid to the government to record a property transaction are known as registration fees. The registration charges in Gujarat are calculated as a percentage of the transaction value or the property's market value, whichever is larger. These fees are designed to give the transaction legal standing and safeguard the buyer's interests. Registration fees are the costs associated with registering the document, whereas stamp duty is the tax placed on the paper. For a property transaction to be completed, both fees must be paid.
 

Stamp Duty and Registration Charges in Gujarat 2023

When registering property in Gujarat, it's essential to be aware of stamp duty and registration charges levied by the state government. Here are the key details:
 

Stamp Duty Charges in Gujarat

ComponentRate
Basic Rate of Stamp Duty3.5%
Surcharge (40% on basic rate)1.4%
Total Stamp Duty Charges4.9%

Property Registration Charges in Gujarat in 2023

BuyerRegistration Charges
Male1% of the property's market price or transaction value (whichever is higher)
FemaleNo registration fee (empowering women)
Joint Buyer (Male and Female)1% of the property's market price or transaction value (whichever is higher)
Joint Buyer (Female and Female)No registration fee

Additionally, homebuyers must be aware of other charges, including:
 

  • Rs 10 as folio fees (subject to government revisions)
  • Rs 50 per copy as an index fee
  • Advocate fee

How to Calculate Stamp Duty and Registration Charges in Gujarat in 2023?

To calculate stamp duty and registration charges in Gujarat, follow these steps:
 

  • Visit the dedicated portal 'Garvi' at https://garvi.gujarat.gov.in/.
  • Click on the 'Calculator' tab on the homepage.
  • Select 'Stamp Duty Calculator' or 'Registration Fee Calculator' as your requirement.
  • Choose the appropriate article from the drop-down list.
  • Click the 'Calculate Stamp Duty' or 'Calculate Registration Fee' button to view the charges.

How to Pay Stamp Duty and Registration Charges in Gujarat

Property buyers can conveniently pay stamp duty and registration charges in Gujarat through both online and offline modes:
 

Pay Stamp Duty and Registration Charges in Gujarat Offline

  • Visit the nearest bank or franking centre to make payments.
  • Purchase stamp papers from authorised stamp sellers for these charges.

Pay Stamp Duty and Registration Charges in Gujarat Online

Use the online payment method, e-stamping, for a seamless and digital payment experience.
 

Discounts And Exemptions

There may be exemptions or discounts available for stamp duty and registration charges in Gujarat 2023 for certain groups of people, including women, senior citizens, or first-time buyers. These rewards are meant to encourage home ownership and offer financial assistance to specific populations. Therefore, at the time of property registration, asking about any available exemptions or reductions is advised.
 

The final word

When buying or selling property in Gujarat, stamp duty and registration fees should be considered. Your ability to efficiently arrange your money and stay out of legal trouble depends on your ability to comprehend the present rates, exemptions, and discounts. For the most precise and current information on stamp duty and registration charges in Gujarat, it is advised to speak with a legal expert or visit the government's official website. You can guarantee a simple and trouble-free real estate purchase in the state if you know these fees and various charges associated with property purchases.
 

Frequently asked questions

1. Are registration fees and stamp duty the same?

Ans: The fees for registration and stamp duty are distinct. Registration fees are the costs associated with registering the document, whereas stamp duty is the tax placed on the paper.
 

2. Why is comprehending registration charges in Gujarat and stamp duty crucial?

Ans: Registration fees and stamp duty affect property owners' legal and financial facets. Hence, understanding them is essential when engaging in real estate transactions.

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