Stamp Duty & Registration Charges in Punjab | Kotak Mahindra Bank
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
Apply Now
25 JUNE, 2021

Punjab is one of the most famous states in the northern part of India. Moreover, it is one of the most vibrant places in the country. If you are looking to purchase a property in Punjab, there are some state-specific details that you must be aware of. Along with the property cost, other expenses like registration fee and stamp duty also need to be taken care of. After you have paid the cost of the property to the seller, it is necessary to register your property and pay the stamp duty. Now, do you know what stamp duty is and why is it important? Scroll down to find out.

What Is Stamp Duty?

Stamp duty is a tax levied by the state government on the transactions involving transfer of properties. It is levied on all properties like under construction or newly completed property, agricultural or non-agricultural land, commercial units, freehold or leasehold land or residential house. Stamp duty payment validates your ownership and legalizes your property documents.

How to Calculate Stamp Duty in Punjab

Stamp duty in Punjab is calculated on the market value of your property. Officials also use the ready reckoner to determine the value of the property. A ready reckoner is a standard value of a particular property analyzed and managed by the Punjab government. This serves as the limit below which property transactions are not allowed to be conducted. It is essentially the minimum amount of the property notified by the government. To determine the property value for stamp duty, the higher of the two values is considered.

Along with the property value, there are many other factors like location of the property, gender of the owner, usage of the property, type of property etc. that affect the amount of stamp duty applicable on the property.

Read Also: Bhulekh: A Complete Guide, Definition, Benefits, & Change Name Online

How to Pay Stamp Duty in Punjab Online?

To pay the stamp duty in Punjab, you are required to use the e-stamping process.

  • Register yourself on the Stock Holding Corporation of India Limited (SHCIL) website, which is the authorized agency for e-stamping.
  • Select the name of the state-Punjab
  • Fill the application form
  • Submit the application form and pay the stamp duty through online transfer, or at the collection centre.

What Are The Stamp Duty Charges In Punjab?

Stamp duty in Punjab is as follows:

Home Buyer

Stamp Duty

Registration Charges







Joint ownership




If you transfer the property through mutual exchange within the family, the applicable stamp duty is Rs 900 (including pasting fee). Whereas if you transfer the property to a blood relation, no stamp duty is payable.

Property Registration process in Punjab

  • Go to official Punjab government website for property registration []
  • If you are a new user, register yourself to create an account and then login to the account. Otherwise, login right away.
  • You will get an OTP from the website. Enter it to verify yourself.
  • After logging in, you should follow the instructions on entering the right information into the system. These instructions include giving property details, personal details, document upload.
  • After entering the information, you have to book an appointment to go to the sub-registrar’s office.
  • Before going to the sub-registrar’s office, make sure that you have all the paperwork ready.

At the office, submit the relevant documents and follow the authorities’ guidelines to complete the process.

Key Factors to Consider While Calculating Stamp Duty in Punjab

  • The age and gender of the property owner can influence the costs, as female property buyers in Punjab may receive a 1% discount on stamp duty in Punjab.
  • The property's location can also play a role, with higher stamp paper Punjab typically associated with urban areas than other locations.
  • The purchased property type can also impact the costs, with commercial properties generally having higher stamp duties than residential ones.

Recent Updates and Changes in Stamp Duty Act in Punjab

Homebuyers in Punjab can enjoy registry charges in Punjab at a 2.25% discount on stamp duty and registration fees until March 31, 2023. The move comes after a 40% increase in property registrations in February 2023 compared to the same month in 2022.

While the state government had increased stamp duty charges by 1% for urban residential properties to fund water supply and environment programs, the exemption until March 2023 provides some relief to homebuyers, despite raising registry charges by 6-8%.

Latest Comments

Leave a Comment

200 Characters

Read Next

Bank vs. HFC: What Should You Choose for Your Home Loan?


Stamp Duty & Property Registration Charges in Chennai, Tamil Nadu


What is Prime Lending Rate? Meaning, Characteristics in Banking & Importance

Load More

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.