Stamp Duty And Registration At The Time Of Property Purchase

By Kavya Balaji | March 15, 2017

Stamp Duty And Registration At The Time Of Property Purchase

Today, many Indians aspire to own property as soon as they start working. However, zeroing-in on the right property isn’t easy. Even if you manage to do that, you have to apply for a Home Loan and get the property registered in your name.

Transfer of ownership is a pretty complicated process. It is important for property buyers to know that for ownership transfer, a buyer needs to pay some charges in the form of stamp duty and also for registration.

This will be collected by the respective state governments and is precisely why these charges vary from state to state. Two things that you need to remember – 1) there are a few states that provide discounts to women buyers of the property and 2) most states tend to have different stamp duty charges for their rural and urban areas.

Here, we tell you  how the whole process of stamp duty and registration of property works.

Stamp Duty 

Stamp duty is similar to other taxes levied by the Government, only here it is collected for transactions that involve legal documents such as the sale deed, conveyance deed and sale agreement. In technical terms, stamp duty is a tax paid for any document through which any right or liability is, or is intended to be, created, extinguished, transferred, extended or recorded.

Only upon payment of stamp duty, the document (for which stamp duty is paid) becomes legal. Also, only after this can the document be used as evidence in a court of law.

How Is Stamp Duty Calculated?
In India, the calculation of stamp duty differs from state to state. It also depends on the type of document for which stamp duty has to be made.

For example: In Maharashtra, under Schedule I of the Bombay Stamp Act, documents are divided into 3 categories, as below.

Category (i) Here, documents will have a fixed stamp duty and these include divorce, affidavit, adoption deed, memorandum of marriage, power of attorney and indemnity bond.

Category (ii) For documents under this category, the stamp duty will be levied according to the value mentioned in the documents. These include agreement relating to deposit of title deeds, hypothecation, pawn, lease, clearance list, mortgage deed, and article of association.

Category (iii) Under this category, stamp duty will be based on the value stated in the document or the market value, whichever is higher. Documents here include conveyance deed, gift, agreement for sale, partnership deed, transfer, development agreement and trust. 

When Do You Pay Stamp Duty?
You will have to pay stamp duty before or at the time of executing the deed for which the stamp duty has to be paid. So, typically you either pay the stamp duty before the day on which it is executed or on the day when you execute the deed.

Additional Reading: Effective Ways To Reduce The Interest Cost On Your Home Loan

How To Pay Stamp Duty 

There are 3 ways in which you can pay stamp duty. They are: 

  1. Through physical stamp paper
  2. Franking
  3. E-stamping

You must remember that all states will not have all 3 methods. In case all 3 ways are available, you could choose the method that suits you.

  1. Purchase Of Physical Stamp Papers: 

This is the most traditional way of paying stamp duty. Here, you purchase non-judicial stamp paper from any authorised vendor. Non- judicial stamp paper are papers that have impressed stamps. Once you purchase the stamp paper, the transaction details can be written/typed on them.  Finding a vendor selling this type of stamp papers is no easy job. Also, many a time there is shortage of such paper. If the stamp duty that has to be paid is a high amount, then you might require many stamp papers. So, this method is not preferred by many.

  1. E-Stamping 

To avoid counterfeit stamp papers and to make stamping easy, the Government introduced e-stamping. In some states, e-stamping is compulsory. E-stamping is essentially stamping done online. Stock Holding Corporation of India Limited (SHCIL), has been appointed as the official vendor for e-stamping and is also the Central Record Keeping Agency for all the e-stamps that are used in the country.

In order to do e-stamping, you have to visit the SHCIL website. Choose your state to see if e-stamping is allowed. You will get information on the transactions that you must e-stamp and the list of collection centres that will issue certificates to those who e-stamp. Fill up the application form and give it to the collection centre along with the money for the stamp duty.

There are several ways you can pay such as through Debit Cards, Credit Cards, cheque, demand drafts and online banking. Once you pay the stamp duty, you will get the e-stamp certificate. This certificate will come with a unique certificate number (UIN) that will have the issue date.

The benefit of e-stamping is that it is convenient. Another benefit is that the authenticity of your e-stamp can be verified online using the UID number. However, the issue with e-stamping is that a duplicate of your e-Stamp will not be issued.

  1. Franking: 

This is a process where an authorised franking agent will put a stamp on your document indicating that the stamp duty has been paid. Before you execute the transaction for which stamp duty has to be paid (typically this will be before signing on the document), you should approach an authorised bank who will act as a franking agent, or a franking agent to deposit the stamp duty. Once you pay the stamp duty, a franking machine will be used to frank the document with a special adhesive stamp.

Every state will have a minimum amount prescribed for franking. For instance, minimum franking charges in Bengaluru are pegged at 0.1% of the agreement value. So, if you are buying a house for Rs. 50 lakhs, you need to pay 0.1% or Rs. 5,000 as charges for franking.

This fee will however, be adjusted against the stamp duty at the time you execute the sale deed. Say, if the stamp duty for the sale deed is 5.5%, then, you need to pay only 5.4% because you already paid a franking charge of 0.1%.

Registration Of Documents 

Once you pay the stamp duty, the document has to be registered under the Indian Registration Act with a sub-registrar. This registrar should be of the jurisdiction where the property is situated if the transaction involves property purchase.

The basic purpose of registration is to record the execution of the document. Only when you register the document, it becomes legal and the ownership, if any, is transferred to the right owner.

Registration Fee
The registration fee is a fee that is over and above the stamp duty. This fee varies from state to state. For example, the registration fee in Karnataka is pegged at 1% of the value of transaction.

Additional Reading: All About The Down Payment For Your Home

Registration Procedure
There are many documents that you need to register a transaction. Here are the documents required at the time of registration for a property purchase in Karnataka:

Please Note: The documents might vary from state to state.

  • Proof of identity such as passport, driving license and PAN card, for both the buyer and the seller.
  • The original sale deed along with two photocopies of the original. The document should have print or writing on only one side. This must be given to the officer at the registrar’s office.
  • Proof of payment of registration fee.
  • Proof of stamp duty paid.
  • Proof of payment made to the seller.
  • Tax certificate, if it is a second-hand property.
  • Khata certificate.

There are some cases where you need to intimate the registration office of property transactions. This is specific to the state of Maharashtra. This will be applicable to those who take a Home Loan for purchase of property. In this case, you will be mortgaging the “title deeds” to a lender. It is now obligatory that the state registration office is informed about all mortgage details within 30 days of a mortgage being executed. This is under the Registration (Maharashtra Amendment) Act, 2010. This act came into force on 1st April, 2013. This act is an amendment to the Indian Registration Act, 1908. The following process has to be followed:

  1. a) If an agreement is signed between the Mortgagor and the Mortgagee, it has to be compulsorily registered. This is applicable in case of mortgages that are done by way of deposit of title deed. This is for those that have been done on 1st April 2013 and thereafter. The usual time limit for registration is four months from the date of execution.
  2. b) In case the agreement is not signed, then the mortgagor has to file a notice of intimation. This intimation has to be filed within 30 days from mortgage.
  3. c) If the agreement has been signed and registered, then you needn’t file the intimation.
  4. d) Any person who does not file such notice within the prescribed time limit will be liable to be punished.

In simple words, the notice of intimation will be filed only when an agreement between the lender and the loan applicant has not been registered. This intimation notice has to be sent within 30 days of purchasing the property.

The main aim of this amendment is to safeguard the interests of lenders and the society at large. This will also help prevent the practice of people procuring loans from multiple lenders for the same property. This can also check if someone is trying to sell a property that is already under mortgage.

How To File The Notice
You can file the notice of intimation using an online application known as the “e-registration module”. This was launched by the Department of Registration & Stamps. You have to access the website www.igrmaharashtra.gov.in. Fill in the application form online and submit it. This is totally online. So, you don’t have to go to the office of the sub-registrar. This has been prescribed by the Maharashtra e-Registration and e-Filing Rules 2013.

Now that you know the whole process, it should be easy for you to register that house you are planning to buy. And this might be the right time to buy that house as loan rates have dropped. Always compare across lenders to get the best rates.

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124 thoughts on “Stamp Duty And Registration At The Time Of Property Purchase

  1. MAHESH RAGHUNANDANAN

    Thanks Sheetal.
    I am gonna purchase a appartment soon. But was finding much difficult to understand Stamp duty and registration charges involved.
    Your documentations is worth understanding it.

    Reply
    1. Kiran CastelinoKiran Castelino

      Hello Mahesh,

      We’re glad we could help!

      Cheers,
      Team BankBazaar

      Reply
  2. HITESH

    I purchased my flat in 2013 at price of 2500/sqft & Govt. guideline price were 2200/sqft at that time. Now the Govt. guideline price got increased 2750/sqft last year 2015 & I have to register my property in 2016. I took loan from SBI bank & wanted to know can I register my property on market price (2500) instead of Govt. Guide line value (2750)?

    Thanks in Advance

    Reply
    1. Team BankBazaar

      Hi Hitesh, Registrations are usually done only based on the current guidance value and not market value. We suggest that you get in touch with your legal counsel to find out if the property can be registered at market value.

      Reply
  3. amandeep maan

    Hello sir/ma’am
    We have bought a house which was sold by a bank in an auction.we now wanted to get it registered.It’s value is rs 4800000.please tell us the amount required for registree.we will be very grateful to you
    Thankyou

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Amandeep,
      Thanks for writing to us. The registration fee depends on the place where you need to register the property. Every state has its own rules. You will need to check with the registrar’s office where you are getting the property registered, to find out the exact amount.

      Cheers,
      Team BankBazaar

      Reply
      1. Amandeep maan

        Thankyou for the reply.I am staying in jalandhar punjab.I also wanted to know whether registration fee is applicable on a property sold by bank in an auction.please reply.thankyou.

        Reply
        1. Team BankBazaarTeam BankBazaar

          Dear Amandeep,
          Thanks for writing to us. A registration fee is applicable on all property transactions. It doesn’t matter whether it is new or up for resale. Since it is being registered in another name, the fees will be applicable.

          Cheers,
          Team BankBazaar

          Reply
          1. asif

            HELLO sir i am buying a flat and i paid Registration & stamp duty on my wife name agreement not yet done and i want to give my name first on agreement as a owner and co applicant my wife so is it fine ??

          2. Team BankBazaarTeam BankBazaar

            Hi Asif,
            If you are taking a Home Loan in your name and your wife is the co-applicant, you will need to register the apartment in both your name as well as your wife’s name. If you need more clarity, please contact your legal counsel.
            Cheers,
            Team BankBazaar

  4. Vamsi

    Hi,
    I have registered my flat on May 9th 2016. Got Occupancy certificate as well in May 2016. Kindly let me the know the documents needed to claim deduction on Stamp duty charges for this financial Year.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Dear Vamsi,
      Thanks for writing to us. Keep a copy of your stamp paper for claiming your tax deduction. Keep in mind that the stamp paper needs to be in your name.

      Cheers,
      Team BankBazaar

      Reply
  5. kapil s shrikhande

    we have purchsed a residential flat in pune which is 18 years old from the first buyer and now we are about to sell it in a holding period of 6 months will the neww buyer will have to pay stamp duty again or will he be exempted or will i get refund of the stamp duty paid?? pls reply

    Reply
    1. Team BankBazaarTeam BankBazaar

      Dera Kapil,

      Thanks for writing to us. Every time a property is registered in another name, stamp duty needs to be paid. Please contact your legal counsel for further advice.

      Cheers,
      Team BankBazaar

      Reply
  6. Vijay Garg

    I want to Know whether stamp duty paid on agreement to sell Rs.20000/- can be deducted from the Stamp duty payable at the time of registration of property in Bangalore.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Vijay,

      Generally stamp duty is not required on agreement to sell and it can be done on a hundred Rupees stamp paper. However, where the agreement to sell is coupled with possession or agrees to give possession, then stamp duty is required to be paid. The stamp duty paid on agreement to sell is adjustable at the time of conveyance/registration of property.

      Cheers,
      Team BankBazaar

      Reply
  7. Ratul

    Hi,
    I have made a purchase in Mumbai.And done my stamp duty. Now bank is saying to do franking. Is it really needed?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Dear Ratul,

      Thanks for writing to us. Generally either e-stamping or franking needs to be done if it is for the same transaction. If the stamp duty is paid, franking might not be necessary.

      Cheers,
      Team BankBazaar

      Reply
  8. Harish Dassani

    Dear , I have Finalised a Resale Property to buy , Total Agreement would be of 27 lakhs – there is no Black component between us. The Seller wants me to pay 12 lakhs by cheque ( my own contribution ) & 15 lakhs by the Bank Loan. But , there is a Problem – she wants the stamp duty & the registration , to be done , after 2-3 months only .

    Can I pay her 12 lakhs by cheque ( my own contribution ) , on the basis of , normal Sale Agreement , which is not Stamp Dutied & not Registered ? Is there any sort of Risk Factor to me ? kindly please advise ……………

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Harish,

      There are a number of risks associated with entering an agreement that isn’t stamped or registered. An agreement of this nature is generally not accepted in a court of law. It is advisable to contact your legal counsel for advice on this matter.

      Cheers,
      Team BankBazaar

      Reply
  9. Binay Banerjee

    I am from asansol. I purchase a house of 41 laks. What is the cost of stamp duty and registry charge.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Binay,

      You need to check with your registrar’s office for these details. The amount will vary from state to state and also within a state.

      Cheers,
      Team BankBazaar

      Reply
  10. rohit bhosale

    I am purchasing resale flat for that I have applied for home loan in HDFC bank. I want to confirm that what is mortgage tax and what is percentage of mortgage tax ?

    Reply
  11. vishwanath jaiswal

    hello

    my father had purchaed a flat in 1980 on stamp paper of rs 5/- is registration compulsory?

    reply

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Viswanath,

      Thanks for your query. While we do give general advice to our readers, we are unable to provide specific guidance on any query. We request you to get legal counsel regarding this matter.

      Cheers,
      Team BankBazaar

      Reply
  12. Jasika

    Hi , I have purchased new home around 18lac from delar in the mane of 2 person. Now 2nd owner is transfer the full property to 1 St owner .
    Please suggest then registry will applicable for full amount or only 2nd owner part.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Jasika,

      You may have to re-register the property. Please contact your legal counsel for help and advice on this matter.

      Cheers,
      Team BankBazaar

      Reply
  13. Vinit

    I have paid the stamp duty of 20520 for mortgage related to educate loan of 20 lacks. On receipt it says, “education Loan – stamp duty exempted” but my Bank agent has taken 38000 for stamp duty and whole process. So is he taking extra money? ( and if he is taking more than usual then how much extra is he taking)/how much money I should ask him to return?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Vinit,

      You will need to contact your legal counsel for assistance with this.

      Cheers,
      Team BankBazaar

      Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Shivugowda,

      Memorandum for deposit of title deed or MODT is applicable for all home loan borrowers. It is essentially an undertaking given by you that you are depositing the title documents of the property with the bank at your own free will in return for a loan. For some banks, apart from the loan agreement, the undertaking needs to be registered and the government levies a stamp duty towards registration charges. Stamp duty charges vary from one state to the other, but on an average, charges of 0.1 percent to 0.2 percent of the Home Loan amount apply. Hope this helps.

      Cheers,
      Team BankBazaar

      Reply
  14. sunil patil

    my father had purchased a flat in 1988 at kalyan , maharashtra , so in sale deed why does not disclosed stamp duty?
    is the stamp duty exists in that period? if exists , how it was ? and how do we calculated it?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Sunil,

      Stamp duty was introduced way back in 1899 by the British. Stamp duty is calculated based on the value of the asset mentioned in the document. For properties, this is mostly the market value. It may not be possible for us to ascertain the percentage duty that was prevailing in 1988. You could contact your legal counsel for help with this.

      Cheers,
      Team BankBazaar

      Reply
  15. Ramendra kumar

    hello sir ,
    muze ek plat lena hai ..socity ka hai 108 gaj ka hai .uspe kitna rs regidtry k lagenge .

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Ramendra,

      Registration charges will differ from state to state. Please enquire at the registrar’s office in your state and area.

      Cheers,
      Team BankBazaar

      Reply
  16. KEDAR KAVI

    Hello,

    We purchased a flat in Secunderabad in 2006-2007 when the state was called as Andhra Pradesh. Now the name of the state is changed to Telangana.
    We now want to sell the property. Pls let me know if there is any additional documentation required due to name change of the State.

    Thank you

    Kedar

    Reply
    1. Team BankBazaarTeam BankBazaar

      Dear Kedar,

      While we do provide general tips and advice on personal finance, we will not be able to provide guidance on specific queries. We would love to help but due to the specific nature of your question, we suggest that you get legal counsel or consult your financial advisor to sort this out. You could even contact your local registrar office for help.

      Cheers,
      Team BankBazaar

      Reply
  17. Sharad Mahendrakar

    Hi,

    Could you please let me know what is the % charges in Karnataka for Memorandum for deposit . I have taken a loan from HDFC bank and its a Pre launch property.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Sharad,

      MoD charges can differ from one area to another. We suggest that you contact your bank or registrar office for the details regarding this.

      Cheers,
      Team BankBazaar

      Reply
  18. Kanth

    Hi,
    I have taken a housing loan from the bank and mortgaged the property (MOD). Since the cost of house was little high, the stamp duty was not paid full as per the state stamp duty rules, but the register has accepted and the MOD was executed.

    In this regard is the mortgage is valid as per law. Please let me know.

    Thanks

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Kanth,

      Due to the specific nature of your query, we suggest that you get legal counsel for help with this.

      Cheers,
      Team BankBazaar

      Reply
  19. Karan

    Hi, I have a flat under a group housing society in noida extension. Builder gave us possession wiith a valid – part completion certificate from greater noida authority. With taking possession of flat the registration of flat (after paying etamp duty) is also completed with noida authority. I have registration document of flat now on my name. There is also a home loan on the said property with axis bank.

    Now my query is that I am trying to resale this property. And the buyer is taking a home loan for 80% payment. He got pre approval loan from india bulls. Can his bank raise any issue on part completion certificate when granting loan? Whereas I have all registration documents on my name with me. And my bank does not have any objection as well.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Karan,

      Banks generally do not ask for a completion certificate if the house is occupied. For further clarification of any doubts you may have, we suggest that you get in touch with your legal advisor.

      Cheers,
      Team BankBazaar

      Reply
  20. Karan

    I have a flat registered on my name in group housing society in noida extension. Society is on lease hold. Now when reselling, buyer is asking to sign a transfer memorendum with noida authority. Now my question is why transfer memorendum is required when i already have registration of flat on my name. Cant he simply get registration directly on his name after paying through bank loan. Second, is there any risk if i sign transfer memorendum before the final 80% paymenti is issued to me from his bank.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Karan,

      Due to the specific nature of your query, we suggest you get legal counsel for help with this.

      Cheers,
      Team BankBazaar

      Reply
  21. Neha

    I am purchasing a builder floor in faridabad. The seller’s property is under the loan and i am taking 80% bank loan from the same bank where the seller had taken. I had paid 10% amount to the seller. I have registered the property in court but i did not get any registration slip of the registry. Dealer told me that you will get the registration slip soon. My query is that now seller is asked me to pay the rest amount. Is there any risk to pay the rest amount to the seller without receiving the registration slip ?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Neha,

      The registration of a property needs done at the registrar office. It should be done on stamp paper where the property is transfered to your name. Could you elaborate on why the property was registered in court?

      Cheers,
      Team BankBazaar

      Reply
  22. Jitendra

    I paid stamp duty pf my room in 2014 and nowi want to registration my room what should I do?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Jitendra, You need to register the property within four months of paying the stamp duty. You might need to pay the stamp duty once more if you want to register the property now.

      Cheers,
      Team BankBazaar

      Reply
  23. mohan

    i have mortgaged my property by deposit of title deeds with a finance company in kerala. what is the stamp duty and registration chargesfor cancellation of memorandum of title deeds in kerala.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Mohan,

      Cancellation charges are usually very nominal. We suggest that you get in touch with your registrar office for the exact details.

      Cheers,
      Team BankBazaar

      Reply
  24. Binay

    Hi, I have purchased a flat in Dhanbad, Jharkhand. Out of which 20% i have paid to the Builder at the time of booking and agreement . And after that i have taken a Loan from LIC of amount 19.30 lakh. Out of which 50% money 9.65 lakh has been disbursed to the Builder. And after few months 4-5 months , now i am getting a call from LIC Agent and Builder to do a register for flat. And flat is not completed yet, only bricks work. So , my query is whether i should do a register or not ?? . Because after doing register, it may happen that Builder will not listen and will not give flat complete. Because after register, the whole remaining amount it will take from LIC. So whether i should do register for my flat or not ??

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Binay,

      It is always better to register your flat when it is ready to occupy. However, if you want to do it now, get legal counsel in order to protect yourself from delays in the project, if any.

      Cheers,
      Team BankBazaar

      Reply
  25. HEMANT

    I am working with PSU bank in advances section. Kindly let me know which article code should be selected while e- franking ( eSBTR) Guarantee Agreement

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Hemant, It won’t be possible for us to comment on the article code without knowing about the transaction. We suggest that you get in touch with your legal counsel for help with this.

      Reply
  26. Sachin K

    Hello Team,
    I get sanctioned home loan from icici bank. As per the legal documentation for creation of security they need Register mortgage alongwith Index 2 and registration receipt in favor of icici bank ltd. I am not sure about what is the procedure to do this and i am confused difference between mortgage intimation and register mortgage.
    Could you please help me to get this understand.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Sachin,

      While we do provide general tips and advice on personal finance, we will not be able to provide guidance on specific queries. We would love to help but due to the specific nature of your question, we suggest that you get legal counsel understand this better.

      Reply
  27. Shubhada Nene

    Nice information. I hv a query. I have paid 20 % of the property value. But dont hv enough funds to do the payment. I will be able to pay after six months. What can be the consequences

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Shubhada, The registration will be done only after you pay the total cost of the property to the builder. Some builders do impose late fees if the money is not paid on time. Please check with your builder for the details.

      Reply
  28. prasad jadhav

    I m land owner and give my land to builder under development agreement for development purpose. Builder build 20 flat and 8 shop and give me (land owner) 2 flat & 1 shop. On that 2 flat and 1 shop which given to me stamp duty applicable or not.

    Land stamp duty paid by builder while registering development agreement. he gives me only possession letter. and still light bill and property tax has builder name not in my name.

    So, please guide me on this transaction what i do in this case.
    please this is very old issue in 2005 he gives me possession and i paying property tax and light bill which has builders name.
    in Above transaction index II generated or not. if i wish to sell one flat there is any problem regarding sell. please tell me what procedure i follow regarding clear title.
    because i discuss with many lawyer but everyone gives me different opinion. i m confused what to do.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Prasad, While we do provide general tips and advice on personal finance, we will not be able to provide guidance on specific queries. We would love to help but due to the specific nature of your question, we suggest that you get legal counsel to sort this out.

      Reply
  29. ATUL

    Hello ,

    I have booked the under construction flat. But while franking I mentioned a wrong PAN card no. on challen.
    How it will affect.

    BR//ATUL

    Reply
    1. Team BankBazaar

      Hi Atul, While we do provide general tips and advice on personal finance, we will not be able to provide guidance on specific queries. We would love to help but due to the specific nature of your question, we suggest that you consult your legal counsel for advice on this.

      Reply
  30. Avinash

    It is compulsory to file notice of intimation in Uttar Pradesh?
    Pls advice me. Avj

    Reply
    1. Team BankBazaar

      Hi Avinash, While we do provide general tips and advice on personal finance, we will not be able to provide guidance on specific queries. We would love to help but due to the specific nature of your question, we suggest that you consult your legal counsel for more information about this.

      Reply
  31. Amar

    I have already paid .1% stamp duty ( Bangalore ) and agreement was only in my name now while execution of sale deed i want to add my wife’s name also. advocate is asking for again to pay .1% for new name addition .
    please clarify is it correct ? i could not find any clause for the same .

    Reply
    1. Team BankBazaar

      Hi Amar, You’ll have to pay the stamp duty to confer legality on your wife. Cheers, Team BankBazaar

      Reply
  32. Ritesh

    I have bought a flat in Faridabad and taken a loan from HDFC. The builder is charging high amount in name of registration fee administrative charges which the outside lawyer is taking 1/4th of the same. I want to get it self registered and have no objection in handing over the document to the builder so that it can be handed to the bank. Builder is asking to get it written from bank but bank is saying we cannot give in writing to me to get the registry done self. I do not understand what is the problem for bank. I am ready to give an undertaking that i will hand over the document right away to builder after the registry

    Reply
    1. Team BankBazaar

      Hi Ritesh, While we do provide general tips and advice on personal finance, we will not be able to provide guidance on specific queries. We would love to help but due to the specific nature of your question, we suggest that you get legal counsel or consult a financial advisor to sort this out. Cheers, Team BankBazaar

      Reply
  33. Lyn Fernandes

    we had bought flat in a society in Mumbai on Feb1984 and had duly got it registered.At that time stamp duty was not applicable. All the members except 2 flat owners in the society had similarly done so. We have received back our original documents from the authorities. Our builder had submitted the conveyance deed to the authorities but the conveyance was not done since he had not submitted some documents. Now we are asked by the authorities to pay a hefty amount towards conveyancing. Is it to be borne by all members or by the 2 flat owners who did not register their flat?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Lyn, We would love to help you but unfortunately we do not provide advice on queries that are specific in nature. We suggest that you consult your legal counsel for help.

      Reply
  34. pankaj

    i had purchased a land for me in lucknow,uttar pradesh for 474000,do i need to pay 1% extra over and above the regitration fees……..pls reply i got confused since i havent got any receipt of that 1% extra which i had paid…

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Pankaj, While we do provide general tips and advice on personal finance, we will not be able to provide guidance on specific queries. We would love to help but due to the specific nature of your question, we suggest that you consult your financial advisor to sort this out. Cheers, Team BankBazaar

      Reply
  35. J K Singh

    I am the second party(purchaser) and purchased the e-stamp while giving name of first party(Builder, seller) as M/s Decor Realty Pvt Ltd, but in certificate one typo — REALITY instead of realty.
    Will there be any impact for that typo please in future?
    Builder lawyer was telling no problem for that.
    Kindly advise.

    Thanks.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi J K Singh, While we do provide general tips and advice on personal finance, we will not be able to provide guidance on specific queries. We would love to help but due to the specific nature of your question, we suggest that you consult your financial advisor to sort this out. Cheers, Team BankBazaar

      Reply
  36. Manoj

    I bought a new flat in Kochi . The builder is asking to register the flat on my name . The electricity and Water connection is not yet available in the building . Is it good to register now ? Or shall i wait for the same ?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Manoj, The registering of the flat is at your discretion.

      Reply
  37. Amit shah

    Hello.

    I have purchased a house on resale with a Home loan in last year Jul-2016. I have paid stamp duty around 1.8 lacks.. Can I get tax exemption for this under 80C? what document I have to submit as proof for this exemption?

    At few of places I read that tax exemption for stamp duty can be avail only for new property not for resale property..
    Please suggest

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Amit, Stamp duty tax exemption is not applicable on resale properties as of now. Cheers, Team BankBazaar

      Reply
  38. mangesh

    one of the bank has sanctioned my home loan yet the property is yet to verify by the bank.
    So right now do i need to pay the stamp duty or just agreement is fine and later when the bank says that the property is fine then can i make a stamp duty ?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Mangesh, The stamp duty is usually paid either before or at the time of registration. You can take a call on when you would like to pay this. Cheers, Team BankBazaar

      Reply
  39. Gurpreet Singh

    I have paid online e registration fees but made some mistake by not putting amount is right cells though total fees was correct. Now I have been told by stock holding team that I can’t change the contents after printing receipt. Also they said that there is no provision of refund. Please advise

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Gurpreet Singh,

      Though we would love to help you, we are not in a position to offer advice on specific queries such as this. We suggest that you get legal counsel to sort this out.

      Cheers,
      Team BankBazaar

      Reply
  40. arshad shaikh

    Im buying a flat in pune.
    Builder has scheme of EMI ; No need of bank loan .
    Registartion and agrement done in 22 Jan 2017
    Flat possession is in Dec 2018
    May i get any tax exemption on stamp duty this year???
    I have already paid stamp duty + registration?
    Arshad Shaikh
    8275302825

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Arshad, Good news. Under Section 80C of the Income Tax Act, you can claim a deduction on stamp duty and registration charges paid. Please note that this claim can only be made in the year when they were paid.

      Reply
  41. Nandkumar

    Hello ,

    I am from Aurangabad, Maharashtra, I want to know on which name we need to pay Memorandum for deposit of title deed for home loan purpose.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Nandkumar,

      The Memorandum for deposit of Title Deed will be in the buyers name.

      Cheers,
      Team BankBazaar

      Reply
  42. Raj Pandey

    Hello Experts,

    I have done the registration and fortunately, my bank personnel couldn’t bring the “Sale Agreement” which would have helped me in Stamp Duty charges refund of 4010/-.
    Is it possible to get this refund back sometime later in near future?

    Regards,
    Raj Pandey

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Raj Pandey,

      As far as we know, it may not be possible to get a refund of your stamp duty. We suggest that you get legal counsel to see if anything can be done about this.

      Cheers,
      Team BankBazaar

      Reply
  43. Roopchand

    Dear Sir/Madam

    Please clarify whether MOD registration is mandatory as per Karnataka Property Laws or wehether Bank’s can take a decision to waive the same

    Regards
    Roopchand

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Roopchand,

      As far as we know, MOD is compulsory only in Mumbai. We suggest that you get legal counsel for more clarity on this.

      Cheers,
      Team BankBazaar

      Reply
  44. Solanki

    Hello Experts,

    I have a pre sanction loan from bank at 80% of property value. now i had searched property in Mumbai suburb area @cost of 67.95lac. paid Rs. 101,000/- as a booking confirmation (construction not yet started) builder asking for 30% DP booking amount now than 8% on Vacant, than 6% on basement, than 6% on Plinth……
    my bank person asking to register property to avail 80% share to booking amount (which is 30% of property value).
    my question is, how can i pay stamp duty/ on which amount to pay stamp duty ? since the full payment of property not yet done ?, what should i register ? in this case what bank actually need to provide me finance ?
    second thing, i knows about 5% stamp duty and registration fee. what is this TDS, ST & MVAT ? all this should i hv to pay now to avail loan from bank.
    please help me to understand all this thing, i m too much confused.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Solanki,
      The registration of the property is usually dome only after the bank has disbursed the total amount to the builder. Registration is based on the total value of the property but might vary from state to state. TDS, ST and VAT are applicable for under construction properties. You need to pay these to purchase the property.

      Cheers,
      Team BankBazaar

      Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Ghanshyam singh,

      You can check your eligibility to apply for a loan here.

      Cheers,
      Team BankBazaar

      Reply
  45. Tushar Gupta

    Hi,

    I need to register a property in South Delhi within 10 days. I’ve already availed home loan and managed remaining amount.
    As I read in article, we can make payment using Debit or Credit card. Request your support in understanding this process and help in executing the same.
    Also, understanding challenges and risk associated with this will also help.

    Any help in this regard is highly appreciated.

    Regards,
    Tushar

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Tushar Gupta,

      As mentioned in the article, you can use the Stock Holding Corporation of India Limited website to e-stamp your purchase. The only risk here is that you will not get a duplicate of the e-stamp. You can use the Unique ID given during the process to retrieve your e-stamp.
      Cheers,
      Team BankBazaar

      Reply
  46. Nida

    It’s going to be end of mine day, but before finish I am reading this wonderful piece of writing to increase my knowledge.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Nida,

      Glad this article was useful. Have a nice day!

      Cheers,
      Team BankBazaar

      Reply
  47. Radha

    Hi I purchased a plot in Vizag. I have a doubt about registration paper. The person is telling us that we can take printout of the required documents on plane white paper and first paper will be on stamp paper. And I need not sign on first paper. Is it true.kindly reply

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Radha, We would love to help you but since your question is specific in nature, we suggest that you contact your legal counsel. Cheers, Team BankBazaar

      Reply
  48. Solanki

    I m planning to buy under construction property in Mumbai.
    Just want to know that who will pay below charges to the government, buyer or builder ?
    Stamp Duty, Registration Charges, Service Tax & VAT. All this paid by buyer only ???
    Or stamp duty & registration only have to pay by buyer. Please guide.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Solanki,
      All the charges have to be borne by the buyer. If you think your builder is charging you out of turn, get in touch with your legal counsel at the earliest.
      Cheers,
      Team BankBazaar

      Reply
  49. Manoj Gupta

    Hello,
    I have a flat in Noida due for possession and execution of sale deed. The property is not under any Bank mortgage. I wish to add my mothers name as a co-owner which builder is refusing to add. Please advise.

    Thanks
    Manoj

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Manoj,
      We are sorry about your situation, but because your question is very specific in nature, we strongly suggest that you get in touch with your legal counsel to find out what can be done.
      Cheers,
      Team BankBazaar

      Reply
  50. Sameer

    Respected Sir/ Madam,
    I want to sell my property to my brother. But the buyer (brother) is not willing to pay for stamp and registration fees. He is telling that he will deduct the money from the set forth value which he will give me. I don’t want that. What to do? And how to sell the property to him?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Sameer,

      Try to convince your brother with the help of your legal counsel. If he understands that it’s the right thing to do from a legal perspective, there’s every chance he might change his mind.

      Cheers,
      Team BankBazaar

      Reply
  51. pulkit

    Helo’i have a house …i WNt to take loan against property.this house is only registred on my name…i have no lease of this house right now…..can i get loan on Registery….

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Pulkit,

      If you own the house and you have the property papers, you can definitely get a loan against it. Please approach your bank for further details.

      Cheers,
      Team BankBazaar

      Reply
  52. Dhinakar

    Hello,

    I need to pay 0.1% stamp duty (on sale consideration) for registering sale agreement in Bengaluru.
    Can you pl. let me know , is it required both seller & buyer are required (physically) at the time of payment of stamp duty & registering Sale agreement at Register office OR can we delegate to third Party to get the stamp duty on sale agreement ?

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Dhinakar,

      The buyer and seller need to be present when registering a property document. For more clarity, we suggest that you get the help of your legal counsel.

      Cheers,
      Team BankBazaar

      Reply
  53. raj singh

    A registration fee is applicable on all property transactions. It doesn’t matter whether it is new or up for resale. Since it is being registered in another name, the fees will be applicable. Thanks alot for sharing the blog it is very informative and helpful too.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi raj singh,

      We appreciate your feedback. Keep reading our blog for more.

      Cheers,
      Team BankBazaar

      Reply
  54. Christopher

    I have purchased a flat X and registered and paid stamp duty for the same,the builder has changed the numbering on the same floor and making me to take flat Y instead of X on the same floor with different view,for which I have refused . Eventually we have agreed to take flat Z on a higher floor at no extra cost.Now the builder wants to cancel the the original deed and re register the Flat Z in my name ,how long does this process take. The said property is in Thane.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Christopher, We would love to help you out, but since your question is very specific in nature, we suggest you take the help of your legal counsel. Cheers, BankBazaar

      Reply
  55. Ami

    I have a flat in Bombay and found a buyer. The buyer will be obtaining a loan. Now that the MOU is done, is it correct that these are the next steps?
    Purchase and sale agreement to be signed
    NOC to be obtained and transfer fees paid to society
    Buyer is approved for loan and provides letter of approval to seller
    Buyer has to pay 20% of the total agreement value prior to registration.
    Registration takes place
    Loan proceeds will follow in the sellers account

    Are these steps accurate or am I missing something? Is it general practice to do registration prior to obtaining the loan proceeds? Thanks for your response

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Ami, It is generally true that the registration is done before the loan is granted. However, there might be circumstances where this may not be the case. The steps for a property sale will differ from one transaction to another. We suggest that you take the help of your legal counsel to clarify.

      Reply
  56. Abhijeet

    i have purchased plot of land jointly with the flat scheme owner, i already paid stamp duty on half of the value of undivided share of plot. Now after construction of whole scheme that builder transferring 1 flat on my name, so my question is; is i am liable to pay any stamp duty on flat value or am i exempted for stamp duty as i already paid stamp duty on plot ???

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Abhijeet,

      We would love to help you, but since your question is specific in nature, we suggest that you take the help of your legal counsel.

      Cheers,
      Team BankBazaar

      Reply
  57. surbhi

    Hello sir
    I am in a big problem.I have sale my property to my maternal brother in year 2012.And now I want to purchase my property back from them.For this purpose I have to show the mode of payment.But in actual no money will be transferred by us because its our family issue.Than how Can I show the payment?They said it should be by cheque or RTGS.What should I do now.Because I have not sufficient balance in my account.Please suggest me.
    Thanks in advance.

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Surbhi,

      You can ask your brother to transfer the property in your name as a gift. But, keep in mind that he may need to pay tax on the same. We suggest that you contact your legal counsel for further assistance.

      Cheers,
      Team BankBazaar

      Reply
  58. Roshni

    Hi , my seller is got a 11,00,000 balance loan in Bank A , i am taking loan from Bank B , me and Bank B are giving a DD and cheque to close the loan in Bank A , before closing the loan in Bank A , Bank B is telling me to register the property before proceeding to the closure of balance loan at Bank A – both events on the same day , but the seller is not agreeing to the same and is insisting on paying the banl loan first and then register , whats your suggestion

    Reply
    1. Team BankBazaarTeam BankBazaar

      Hi Roshni,

      The bank is right in asking you to register the home before settling the seller’s loan. Even with a new home, the registration has to be done before the total loan is disbursed. If you have any issues, we suggest that you contact your legal counsel for further assistance.

      Cheers,
      Team BankBazaar

      Reply

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