Stamp Duty Calculator
Overview of Stamp Duty and Registration Charges
The Bajaj Housing Finance Stamp Duty Calculator is a handy online tool you can use to get an estimate of the stamp duty charges you are liable to pay when you buy a property in any given state.
In India, almost all property transactions include a certain amount of stamp duty. This is a tax levied by the respective state government on the transfer of real estate and can vary from state to state.
Some states offer concessions on stamp duties, especially for female homebuyers, while others levy additional charges in the form of metro cess. Therefore, it is recommended to use a stamp duty calculator to calculate the stamp duty of a property in a particular state beforehand and get a better estimation of the same.
How to Use the Stamp Duty Calculator Online?
If you are planning to purchase property in India, an important question that comes to mind is how to calculate stamp duty. You can easily calculate it with the help of an online Stamp Duty Calculator, which is quite simple and straightforward to use. Follow these steps to calculate the property registration charges.
Step 1: Enter your state.
Step 2: Use the slider to enter your property value.
Step 3: Stamp duty and rate will be displayed.
What are Stamp Duty and Property Registration Charges?
A registry of property documents is maintained by the government against a certain amount of fee charged from the buyers. This fee is known as the registration charge. Stamp duty is a fee levied by the state government based on the transaction value of a property, while property registration charge is the amount a property owner pays to the government for the service of putting the documents in the government record. Generally, buyers have to pay 1% of the total market value of the property as the property registration fees. However, this charge may vary based on the state or the property type.
State-Wise Stamp Duty
The table below lists the stamp duty applicable across states in India. Note that the mentioned rates are indicative and may vary by gender, property location, property value, changes to applicable cess, among other factors.
| State | Stamp Duty |
|---|---|
| Andhra Pradesh/ Telangana | 5% |
| Assam | (a) For Metro: Male (5 %), Female (3%), Male-Female Joint (4%) (b) For Rural: Male (3 %), Female (1%), Male-Female Joint (2%) |
| Bihar | (a) In case of transfer from Male to Female: 9.6% (b) In case of transfer from Female to male: 10.4% (c) Any other case 10% |
| Chandigarh | 5% |
| Chattisgarh | (a) Male:8.00% (b) Female: 6.00% |
| Delhi | (a) Male: 6% (b) Female: 4% (c) Joint Male and Female: 5% Note: Additional 1% Stamp Duty applicable for Sale Deeds >Rs.25 Lakh |
| Goa | (a) Up to Rs.50 Lakh: 3% (b) >Rs.50 Lakh – Rs.75 Lakh: 4% (c) >Rs.75 Lakh – Rs.1 Cr: 4.5% (d) >Rs.1 Cr – Rs.5 Cr: 5% (e) >Rs.5 Cr: 6% |
| Gujarat | 4.9% on conveyance deed/sale deed |
| Haryana | Within Municipal limits: (a) Woman: 5% (b) Man: 7% (c) Joint: 6% |
| Jharkhand | 4% of the value of the document |
| Karnataka | (a) For properties in BBMP limits: 5.1% + 0.5% Cess and (b) For properties allotted by BDA: 5.15% + 0.5% Cess (c) For properties within the limits of Village Panchayath: 5.15% + 0.5% Cess |
| Kerala | (a) For properties in Panchayath: 8% (b) For properties in Municipalities/Townships/Cantonments: 8% |
| Madhya Pradesh | Around 12.5% of guideline |
| Maharashtra | 5% of the market value or the agreement value, whichever is higher, + 1% surcharge on all transactions |
| Odisha | (a) Male: 5% Stamp Duty + 2% Govt. Fee on the consideration amount (b) Female: 4% Stamp Duty +2% Govt. Fee on the consideration amount Note: If the consideration amount is >Rs.50 Lakh, additional 12% GST is applicable |
| Punjab | (a) Male: 6% (b) Female: 4% (c) Joint: 5% Note: In all the above, additional 2.25% Registration Fees + Rs.2,200 (< Rs. 10 Lakh) / Rs.4,200 (< Rs.30 Lakh) / Rs.6,200 (> Rs.30,000) applies |
| Rajasthan | (a) Male: 8.8% + Rs.300 CSI (b) Female: 7.5% + Rs.300 CSI |
| Tamil Nadu | For both Sale Deeds/Conveyance Deeds, 7% Stamp Duty applies + 2% Registration Fee on sale consideration |
| Uttar Pradesh | (a) Female: 6% for sale consideration < Rs.10 Lakh, 7% for > Rs.10 Lakh (b) Male: 7% (c) Male and Female: 6.5% for sale consideration < Rs.10 Lakh, 7% for sale consideration ≥ Rs.10 Lakh |
| Uttarakhand | (a) Male: 5% of the sale consideration or circle rate, whichever is higher (b) Female: For < Rs.25 Lakh, 3.75% and for >Rs.25 Lakh, 5% of the sale consideration or circle rate, whichever is higher (c) Male and Female: 5% of the sale consideration or circle rate, whichever is higher (d) Defence person owning a property in Uttarakhand prior to 12 September 2003 in his name or in the name of his family |
| West Bengal | Stamp Duty on Conveyance/Sale Deed in West Bengal is 6% for >Rs.1 Cr and 7% for over Rs.1 Cr |
How are Stamp Duty and Registration Charges Calculated?
Stamp duty rates are decided by the state government and, therefore, they differ across the country, varying from 3% to 10% of the property value. Factors that affect stamp duty rates are the location of the property, the age and gender of the owner, usage of the property, and the property type. To know the approximate amount you are liable to pay, use our Stamp Duty Calculator.
Apart from the stamp duty on property, you need to pay registration charges, which are usually levied by the Central Government and fixed across the state. Generally, 1% of the property’s total market value is charged as the registration charge. However, this charge may vary based on the property type and state.
Check the following example to know how to use the stamp duty calculation formula:
Example:
Cost of the property: Rs.60 Lakh
Stamp duty rate in Delhi: 6%
Stamp duty payable: 6% of Rs.60 Lakh = Rs.3.6 Lakh
Registration charges payable: 1 % of Rs.60 Lakh = Rs.60,000
Here, the total amount payable on stamp duty and registration charges will be Rs.4,20,000.
Benefits of an Online Stamp Duty Calculator
The Bajaj Housing Finance Stamp Duty Calculator gives you an accurate state-wise calculation for all property values up to Rs.10 Crore. By calculating the values beforehand, you can estimate the expenses you may incur.
Are Property Registration Charges Included When Taking a Home Loan?
Since stamp duty and registration charges are above the cost of the property, they are not included in a Home Loan sanction. The amounts have to be borne by the buyer; thus, it is recommended that prospective homeowners plan their finances before getting a housing loan in India.
Tax Benefit on Stamp Duty and Registration Charges
Stamp duty and registration charges are allowed for tax exemption under Section 80C of the Income Tax Act. You can claim this exemption while filing your income tax returns and can enjoy a tax rebate of a maximum amount of up to Rs.1.5 Lakh.
In the case of joint owners, co-owners can file in their respective income tax returns based on their shares in the property. However, the upper limit of Rs.1.5 Lakh under section 80C shall apply here as well.
How to Pay Stamp Duty Charges
Stamp duty is a tax one has to pay during the transaction of a property. Homebuyers can complete the payment of stamp duty online as well as offline by following any of the mentioned methods:
Physical Stamp Paper: One of the most common methods of paying stamp duty is a physical stamp paper, which homebuyers can purchase from authorised sellers. The required information about the property registration is mentioned in this paper. Here, the cost of this stamp paper is equal to the stamp duty applicable. Do note that if the stamp duty is high, this method might be inconvenient as you will have to buy multiple stamp papers.
Franking: You can also use franking to pay stamp duty. For this, you will need to reach out to an authorised franking agent who will provide a stamp on your property document to legalise it. Most lenders offer franking agent services to homebuyers. If you use this method, you will have to pay the minimum charge and an additional franking charge, which is levied by the agent.
E-stamping: One of the most convenient ways to pay stamp duty is e-stamping, which can be completed online through the SHCIL website (Stock Holding Corporation of India Limited). Note that this service is only offered in some states and your state will appear on the website only if the service is available. You can fill out the application form available there and download it. Then, you will have to submit the form to the collection centre with the mentioned amount. Once the amount is paid, you will receive an e-stamp certification with UIN.
Documents Required for Payment of Stamp Duty and Registration Charges
If you are a homebuyer, you will need to produce the following documents at the time of registration of property and paying stamp duty:
- Sale Agreement
- Sale Deed
- Khata Certificate
- In case of a housing project, you will need to provide a photocopy of the society share certificate, society registration certificate, and NOC from the apartment association
- In case of an under-construction property, you will need to produce a sanctioned building plan, builder-buyer agreement, and possession letter from the builder
- In case of a land purchase, you will need to provide title documents of the landowner, records of right and tenancy corps, or the 7/12 extract and conversion order
- In the case of a joint development property, you should have registered a development agreement and joint development agreement between the landowner and builder
- In the case of a resale property, copies of all registered agreements are needed
- Receipt of tax paid for the last three months
- Latest bank statements
- Encumbrance certificate
- Power of attorney/s, if applicable
Tips to Save Stamp Duty Charges
Here are some tips to achieve this:
- Joint Ownership: Consider joint ownership with a family member or spouse. The stamp duty liability can be shared between both parties.
- Home Loan: You can claim a deduction on the stamp duty and registration fees under Section 80C of the Income Tax Act, 1961, if you avail of a Home Loan to purchase the property.
- Registration Under the 'Women as Co-Owners' Category: Some states offer reduced stamp duty rates for female property owners.
Always ensure compliance with legal and regulatory requirements while considering these tips to reduce stamp duty charges when purchasing a property.
Disclaimer
These rates are indicative and remain subject to change depending on the laws and government guidelines, applicable at the time being. However, Bajaj Housing Finance Limited (‘BHFL’) is under no obligation to update or keep the information current. Users are advised to seek independent legal and professional advice before acting on the basis of the information contained in the Website. Placing reliance on the aforementioned information shall always be the sole responsibility and decision of the User and the User shall assume the entire risk of any use made of this information.
In no event shall BHFL or the Bajaj Group, its employees, directors or any of its agents or any other party involved in creating, producing, or delivering this Website shall be liable for any direct, indirect, punitive, incidental, special, consequential damages (including lost revenues or profits, loss of business or loss of data) or any damages whatsoever connected to the User’s reliance on the aforementioned information.
Stamp Duty Calculator FAQs
The stamp duty charges differ from state to state and is usually based on the local ready reckoner rate/circle rate – published by the relevant municipal authority. This is also why there is no one blanket stamp duty that one pays, and instead is a percentage of the property’s value.
Homebuyers are expected to pay their stamp duty charges at the time of registering their property with the correct government authority. Following stamp duty and property registration payment, your property ownership will be deemed complete.
Stamp duty is a legal obligation that all homebuyers and owners are expected to pay to the government, as a cost of purchasing a property. There are strict legal implications for individuals who attempt to evade it. However, homebuyers do have the option of registering their properties in the name of a female owner, to benefit from stamp duty rebates in select Indian states.
Stamp duty is what you pay to the government as a cost of owning a property, as a one-time expense. This cost is not refundable, as it is levied on a transaction.
The GST you pay on your property purchase is separate from the stamp duty charges. Usually, GST is levied on under-construction properties, and stamp duty is levied on the transfer of ownership.
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