registry fee and expenses

Q: Hi I have purchased property of 2000000 in mohali , its is on loan and I want to now what is registry fee and other expenses I have to pay

Ashwani, Mohali

2nd January 2018

Legal in Mohali

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Hi Ashwini,
You can follow this link for more details for stamp duty and registration duty in Mohali, Punjab

Gurmeet,

3rd January 2018

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Hi Gurmeet,

Thanks for help, I cannot find the link,could you please resend it.

Ashwani, Mohali

3rd January 2018

Hi Ashwini,
Till now, Stamp Duty on Agreements for Sale & Purchase of Property or Registry Fees in Punjab was 9%. To boost the growth of the ailing Real Estate Sector in Punjab, the Govt. removed 3 percent additional stamp duty chargeable as Social Security Fund through an amendment to Section 3-C of the Schedule & thereby reduced Stamp Duty on the Cost for Registration of property in urban areas from 9 to 6 percent. These Revised Registry Fees i.e 1% on the market price of the flat or agreement whichever is lower (Rs.30000) in Punjab will remain applicable until March 31, 2018.

Harmeet Kaur,

3rd January 2018

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