Stamp Duty & Registration Charges in Delhi | Kotak Mahindra Bank

25 JUNE, 2021

If you are looking to purchase a property in Delhi, it would be best to know the stamp duty and property registration charges. Payment of stamp duty is must to prove your property ownership before a court of law. Here is a brief guide to help you with stamp duty payment and property registration in Delhi.

What Is Stamp Duty?

Stamp duty is a tax that is levied on the transfer of property from a seller to buyer. It is imposed by the state government. Hence, the stamp duty charged in Delhi is different from other states. The process of property purchase is not completed until you pay the stamp duty. Only when you get your property registered and pay the stamp duty, you get the legal ownership of a property. Stamp duty is levied on all kinds of properties. Be it under construction or newly completed property, freehold or leasehold units, agricultural and non-agricultural land, residential houses and commercial units.

How is stamp duty in Delhi calculated?

Stamp duty is based on the market value of your property. It is a specific percentage of the property value, which is determined by the Department of Revenue in Delhi. Usually the officials refer to the ready reckoner to fix the property value. A ready reckoner, also called the circle rate is the minimum rate notified by the government for the property and is revised from time to time. The circle rate can differ from locality to locality within a state. The stamp duty is also based on factors like location of the property, gender of the owner, usage of the property, etc. In Delhi, the consideration value for stamp duty is the market value or the circle rate of property applicable in the area, whichever is higher.

What Is the Stamp Duty in Delhi?

The stamp duty rate in Delhi is as follows -

  • For male buyers - 6%
  • For female buyers - 4%
  • For joint ownership - 5%

 

How to Pay Stamp Duty in Delhi?

Unlike other states, there is no option of paying the stamp duty through offline channels in Delhi. You would have to go through the e- stamping process. You can pay the stamp duty in Delhi through the official portal of the Stock Holding Corporation of India Limited (SHCIL), www.shcilestamp.com. It is the authorized agency for e- stamping across India.

Property Registration in Delhi

The property registration fee is an additional payment you need to pay over the stamp duty. Once you have paid the stamp duty, you can pay the registration fee and get your property registered with a sub-registrar. 

You can complete property registration in Delhi through the portal https://doris.delhigovt.nic.in/

 

Frequently Asked Questions (FAQs)

  • What are the documents required to pay for property registration in Delhi?
  • Identity proof
  • Address proof
  • No Objection Certificate
  • Sale deed
  • Self-attested PAN card copy
  • 2 passport-size photos

 

When can you register your property?

Once you have paid the stamp duty, you can book an appointment with the sub-registrar by logging into srams.delhi.gov.in to initiate the registration process.

What are the registry charges in Delhi?

1% of the sales deed + Rs 100 as pasting fee.

 

Thus, you should definitely be aware of the stamp duty and registration charges before applying for a home loan and purchasing a property in Delhi.

 

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.