Property Stamp Duty and Registration Charges in Delhi
A buyer has to pay multiple charges while buying property including the stamp duty and registration charges in Delhi. Stamp Duty is a tax levied by the government on any property transaction while the registration charge is the fee that one needs to pay for registering the property in his/her name.Stamp duty and registration charges vary from state to state. In the case of NCR, the stamp duty and registration charges of
Stamp duty and registration charges vary from state to state. In the case of NCR, the stamp duty and registration charges of Noida and Ghaziabad are same but it is different for that of Gurgaon, Faridabad and Delhi. The National Capital has different stamp duty and registration charges from other cities in NCR.
So, when do we pay the stamp duty and registration charges?
One needs to pay the stamp duty and registration charges to the government at the time of registration of the property on his/her name. In case of plots, apartments or any other property-type, it depends on the total saleable area of the property.
Currently the stamp duty and registration charges in Delhi are as follows:
|
Category |
Stamp Duty |
Registration Charges |
|
Male |
5% |
1% |
|
Female |
3% |
1% |
How to calculate stamp duty & registration charges?
The stamp duty and registration charges are calculated in the following manner:
Stamp Duty
Male = (Transaction value) X (0.05)
Female = (Transaction value) X (0.03)
Registration Charge = (Transaction value) X (0.01)
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