Stamp Duty And Registration At The Time Of Property Purchase

By | September 18, 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, an 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 an 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 a 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 the 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 the purchase of a 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 the 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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240 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 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 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 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 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

      2. Suprio Das

        Can you tell me what is the stamp duty & registration fees in Maharashtra

        Reply
        1. Team BankBazaar

          Hi Suprio, Stamp duty in Maharashtra ranges between 4% and 5% and will depend on the area in which you register. Registration fees is 1% or Rs. 30,000, whichever is less. Check with the property registration office for the details. Cheers, Team BankBazaar

          Reply
  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 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 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 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 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 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 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 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 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 BankBazaar

      Hi Vinit,

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

      Cheers,
      Team BankBazaar

      Reply
    1. Team 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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
  59. Pincodezone

    The information you gave about Stamp Duty is very important information. And this will be a great help to the Indian people.
    I really like your information.
    Thanks for your information.

    Reply
    1. Team BankBazaar

      Hey there,

      Appreciate your feedback. Have a nice day!

      Cheers,
      Team BankBazaar

      Reply
  60. Saritha

    Hi,

    My parents are going to sell a property for 90L of which we have received 20 L as advance. The buyer is going to give us a cheque for the 70 L once we sign the registration documents. Is it safe to give him the original documents before the cheque is cleared?

    Reply
    1. Team BankBazaar

      Hi Saritha,

      We suggest you wait until your cheque is cleared before you hand over the original documents.

      Cheers,
      Team BankBazaar

      Reply
  61. sanjiv anand

    thanks mam for the article. I need an advice from you. We purchased a flat, near Electronic city and got it registered after paying all the charges in 2010 itself. Now, after so many years, I went for taking EC from Chandapura, bangalore sub registrar office, In the EC, they have annexed one sheet where they are showing pending stamp duty payment liability of Rs 4.4 Lakh, via some notice issued in 2013, where as duty was fully paid, for the flat cost at that time, and moreover this notice was never recd by us. Infact, nos of other flat owners have also got different values in EC. I had paid Rs 109160 as duty by DD for flat registered value Rs 12.84. Can you please help and guide us ??

    Reply
    1. Team BankBazaar

      Hi Sanjiv Anand,
      We suggest that you check if this is is property tax or stamp duty charges. If it is stamp duty, it is best for you to get legal help to sort this out. You can include the seller in the discussion for better clarity.

      Cheers,
      Team BankBazaar

      Reply
  62. ADAM BASHA

    Hi, I have purchased Karnataka housing board site (30*40) for Rs. 610329/- in Bellary – district. i need to know how much e stamp duty and registration charges and what are the documents and procedure to get register on my name.
    Bcz KHB officer asking me 3000/- extra amount and Sub- register officer also lying. I dont no to whom i should believe. if you provide me details so i can do my work without broker. Tnx
    Ph-

    Reply
    1. Team BankBazaar

      Hi ADAM BASHA,
      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
  63. SUNIL CHANDARANA

    I have purchased flat with joint name with my wife, I need to know at the time of registration pan card of co-applicant (wife) is compulsory?? because she have not.

    Reply
    1. Team BankBazaar

      Hi SUNIL CHANDARANA,

      If the co-applicant, in this case, your wife will be financially contributing towards the Home Loan, then she will have to produce her PAN card as an ID proof at the time of registration. But, if not, she can show any other valid ID proof.

      Cheers,
      Team BankBazaar

      Reply
  64. Vaishnavi tripathi

    I had purchased a property on 2012 for rs. 30 lacs but registry of the same is done on 2017. Now the value of property is 50 lacs… plzzz tell me how much tax i have to pay to IT department.

    Reply
    1. Team BankBazaar

      Hi Vaishnavi tripathi,

      If you are referring to property tax, this amount will differ from one state to another. We suggest that you go to the registrar office near your property to find out the exact amount.

      Cheers,
      Team BankBazaar

      Reply
  65. Rajesh

    I want to purchage a flat in Hyderabd with property value 3000000L What is the registration cost for After GST.
    I want rgister Flat with my Mother Is it good? Aactually loan is approved pre- approved loan with both appliacants.

    Reply
    1. Team BankBazaar

      Hi Rajesh,

      You can register the flat with your mother as a co-applicant. We suggest that you contact the registrar office near your property to find out the exact cost of registration.

      Cheers,
      Team BankBazaar

      Reply
  66. Rishi

    What if I take two printout of same e-stamp paper and submit them to different offices?
    How the authencity of same will be verified and what time?

    Reply
    1. Team BankBazaar

      Hi Rishi, 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.

      Reply
      1. Rishi

        This is most generic question one can have. What is specific in it?

        Reply
        1. Team BankBazaar

          Hi Rishi, We are a financial services firm and will not be able to answer legal queries. We suggest that you take the help of your legal counsel.

          Reply
    1. Team BankBazaar

      Hi Om Vishnu, Thanks for dropping by. How can we help you? Cheers, Team BankBazaar

      Reply
    1. Team BankBazaar

      Hi Shrikant, Glad you liked our article. Have a nice day! Cheers, Team BankBazaar

      Reply
  67. Antony

    I have purchased a land iam also pay the tax in sub Treasury ernakulam as stamp duty and fees bt now I receive a msg document is approved please pay the tax directly.. please give me any solution??

    Reply
    1. Team BankBazaar

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

      Reply
  68. ashok kumar

    I am aretired from paramilitary .
    I want to purchase a plot of rs 15 lakh in gaziabad up.
    How much registration charge will be apply on me.
    Kindly inform me i am very grateful to u for this act of kindness.

    Reply
    1. Team BankBazaar

      Hi Ashok Kumar,

      Registration charges will differ from one district to another. We suggest that you contact your nearest registrar office for the details.

      Cheers,
      Team BankBazaar

      Reply
  69. KUMAR

    Hi applied for a loan in housing bank.
    However due to some legal problem (GPA holder) disbursement amount of the loan got cancelled. But already subregister favour 0.2% amount of registering property is franked and paid through DD (almost 10000) in bangalore. How to get back that amount?

    Will you guide me in this?

    Regards

    Reply
    1. Team BankBazaar

      Hi KUMAR,

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

      Cheers,
      Team BankBazaar

      Reply
  70. Kulwant Singh

    I want to purchase a plot upto 10 lac. In lucknow up.
    so tell mei stamp duty rate and registration (court) fee..?

    Reply
    1. Team BankBazaar

      Hi Kulwant Singh,

      Registration charges will differ from one district to another. We suggest that you contact your nearest registrar office for more details.

      Cheers,
      Team BankBazaar

      Reply
  71. b.r. narwade

    I want to purchase readymate new ly construction two BHK house in Indore at cost Rs. 26 Lacs in Rural area.r
    My question is that howmuch registration in percentage and amout to be paid?
    Howmuch GST in percentage to be paid and amount also may be indicate please?

    Reply
    1. Team BankBazaar

      Hi b.r. narwade,

      Registration charges will differ from one area to another within a city or town. We suggest that you contact your registrar for the details regarding charges. As far as we know, ready-to-move-in homes are not subject to GST. However, it might help to consult your legal counsel regarding the same.

      Cheers,
      Team BankBazaar

      Reply
  72. Prakash

    We have a flat in Mumbai in the name of my Mother. She is 80 years and bed ridden. It is not possible for her to go to Sub-registrar office. Is there any alternative. Please let me know.
    Thanking you,
    Regards,
    Prakash

    Reply
      1. Team BankBazaar

        Hi Prakash,

        Hope we have answered your query.

        Cheers,
        Team BankBazaar

        Reply
    1. Team BankBazaar

      Hi Prakash,

      A power of attorney can help you. However, you will need to get in touch with a lawyer for this.

      Cheers,
      Team BankBazaar

      Reply
  73. home loans

    You always publish new idea in your blog. This plugin is really important is for FB custom audience. Thanks for sharing

    Reply
    1. Team BankBazaar

      Hi there,
      Glad you liked reading this piece. Keep reading our blog for informative pieces on Personal Finance.

      Cheers,
      Team BankBazaar

      Reply
  74. jitendra patel

    I have purchased my flat (resale) and paid stampduty and registration charges on 31.03.2010.
    Purchased flat higher than market value. Hence Stampduty and registration was paid as per following:
    Stampduty = 3.69% of purchase value (E stamping was done on my agreement)
    Registration fee = 1% of purchase value.
    I have legal receipts of the above.

    Now, my society has applied for deem conveyance (building is 28 years old) of the society land (which is under builder’s name). but during deem conveyance process they appointed CA and CA has checked details with registrar office. They found that, few members including me have paid stampduty less and there was some mismatch/error during stampduty calculation. society have received demand notice to pay additional 1% of purchase value (don’t Know how they arrived this value) to us.

    My queries are,
    1. Do I need to pay additional 1% of purchase value as stampduty ? because my agreement is already registered.
    2. Legally who should pay this additional 1%? me or society ?
    3. Since the conveyance matter is land for the society, can I negotiate with society to use society fund?
    4. If we do not agree to pay additional 1% of stampduty, what will be the consequences ?
    5. If we do not agree to pay additional 1% of stampduty, will the conveyance deed will occur?
    6. Why Registrar has done the registration if we have paid less stampduty in 2010?

    Reply
    1. Team BankBazaar

      Hi Jitendra,

      We would love to help but due to the specific nature of your question, we will not be able to provide guidance. Please contact your legal counsel.

      Cheers,
      Team BankBazaar

      Reply
  75. Sajeev Kumar

    Thanks for such a detailed information. I would like to know the hidden costs or anyother costs involved during & after the process of registering ahouse.

    Hi, I am buying a property in Dombivli for 55Lakhs and I have so far heard about Stamp Duty, Registration fee, Advocate fee.

    Since this is a resale property (in a society), can you help me with the details of costs I will have to incurr

    Reply
    1. Team BankBazaar

      Hi Sajeev Kumar,

      You have to find out whether the society will be collecting money for maintenance of the property. After registering the house, you will have to start paying property taxes every year as well.

      Cheers,
      Team BankBazaar

      Reply
  76. Rakesh Gupta

    In entire article one question is left unanswered :–
    That weather in uttar pradesh estamp can be used even after six months of purchase.

    Reply
    1. Sanesh Mathew

      Hi Rakesh, As far as we know, there is no expiration date for the e-stamp. You can use it for as long as you want. However, if you are not going to use it and need a refund, you might have to give back within 6 months. Cheers, Team BankBazaar

      Reply
  77. Sandip

    I got retired in 2016 & with my retirement money, I booked a under construction flat.

    The flat is expected to be ready in the month of November of 2018.

    Since, I am self financed, I plan to register my flat in the month of November of 2018, but the builder is asking me to register the flat.

    Will there be any problems from RERA side or from any side, if register my flat as late as possible.

    Reply
    1. Team BankBazaar

      Hi sandip,

      Typically, an agreement to sell is signed and the final registration is done later for under-construction flats. If you are planning to register later, it might be best to hold on to your chunk of the payment until the flat is ready. For better clarity, please get in touch with your legal counsel.

      Cheers,
      Team BankBazaar

      Reply
  78. Daipayan Chowdhury

    I have recently purchased a property of Rs 4860000. I have applied for home loan. Now the bank is telling that TDS of 1% will be applicable as the price of the property with Stamp duty charges and registration charges will make it more than Rs 50 lac. Bank is saying that as they are funding for the Stamp duty as well they will add the same and the total amount will be considered as value of the property. but according to me the value of the property is the amount on which registry is being done and the same is less than Rs 50 lac so TDS is not applicable. Further the stamp duty charges will go to the Govt and not the seller. Please help if I am right or the bank.

    Reply
    1. Team BankBazaar

      Hi Daipayan Chowdhury,

      As far as we know, stamp duty, registration fees or transfer fees will not be regarded as sale consideration. So, no TDS should apply. We suggest that you get in touch with your legal counsel for help.

      Cheers,
      Team BankBazaar

      Reply
  79. Guru

    Hi Team,

    I am planning to purchase a property in Bangalore for 51 L. Total Sale is around 47 L and Other charges (Stamp & Reg charges, BWSSB, Bescom) comes around another 4L. Now post that would be the registration charges approx in Bangalore ????

    Reply
    1. Team BankBazaar

      Hi Guru,

      In Bangalore, stamp duty is 5% and registration charges are 1% of the property value. However, this may vary based on where the property is located. We suggest that you check with the registrar office for the accurate numbers.

      Cheers,
      Team BankBazaar

      Reply
  80. ANIRUDHA M BHAT

    I have purchased a MIDC plot in Pune and the Sale Certificate is dated 10th July, 2017. I am supposed to lodge the Deed within 4 months from this date and it expires on 9th November, 2017. MIDC is delaying issue of certificate of the change of the user.

    Can you please guide me how to get extention for registration., It may take atleast one month.

    Reply
    1. Team BankBazaar

      Hi ANIRUDHA M BHAT,

      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 or MIDC.

      Cheers,
      Team BankBazaar

      Reply
  81. Arun

    Dear Team,

    Arun this side, Just want to confirm some thing related to purchase a resale flat near about 5 to 6 years old. in delhi

    I am purchasing a resale flat of 5 to 6 years old, top floor i am seeing . so just want to know , what all the things which i should keep in mind ,. Please let me know .

    thanking you.

    Reply
    1. Team BankBazaar

      Hi Arun, Thanks for writing to us. We did a blog article on things that you should bear in mind before buying a resale property. You can take a look at them here
      Cheers, Team BankBazaar.

      Reply
  82. Vaibhav

    Hi Team, I am buying a house in Goa and living in Pune,Bank wants me to get Agreement for Sale (Registered) document before applying for loan.Seller lives in Mumbai.Is it possible to register this Agreement for Sale (Registered) document from Mumbai or Pune?
    or is it necessary to get it registered from Goa only?

    Thanks in Advance.

    Reply
    1. Team BankBazaar

      Hi Vaibhav, Usually the agreement gets registered at the property location, which would be Goa in your case (provided both parties to the agreement agree on it). This is primarily for jurisdiction purposes in case a legal dispute arises in the future. You can always negotiate on these terms, however, with the seller. Cheers, Team BankBazaar.

      Reply
  83. Imran Majid

    Hi ,
    I am intending to buy property in South Delhi Saket Neb Sarai Freedom Fighter colony, as the area is under un authorised and registration of documents is not possible for same , request you to advice if Registration of GPA is possible if not how safe is it to purchase the property on notary stamped documents.

    Thanks

    Reply
    1. Team BankBazaar

      Hi Imran, We would love to help you but we cannot comment on these aspects. Please contact your legal counsel or a chartered accountant. Cheers, Team BankBazaar.

      Reply
  84. Priti

    Hi Team,
    I recently booked a flat, and contacted one bank for home loan. The person told me that I can get the loan upto 85% of the property amount. And also, the total property amount will be inclusive of GST charges, stamp duty and registration charges. So, I just wanted to confirm if bank provides upto 85% of registration and stamp duty also. Please help.
    Thanks

    Reply
    1. Team BankBazaar

      Hi Priti, Only in case of loans for affordable housing, banks include stamp duty and registration charges. For most home loans, stamp duty and registration charges are met by the borrower. Do check the RBI website for more information.

      Reply
  85. Aruna

    Hi team,
    We did look for a flat worth rs4400000 in Jan 2017.for which we have paid rs4400000 in advance just having the agreement which is neither stamped nor registered.in the case the builder had registered the same flat to another party before 2 months.let us know what can be done in this case.

    Reply
    1. Team BankBazaar

      Hi Aruna, We would love to help but we can’t comment on legal matters. We suggest that you contact your legal counsel for help. Cheers,Team BankBazaar

      Reply
  86. Swamy

    Hi Team,
    Is it acceptable or good to buy (by giving 20% advance) a mortgage property which is in under construction apartment ? if yes what are the checks/actions i have to do?
    Builder is saying that you can t get loan immediately until Occupancy gets.
    Need your suggestion
    Thanks in Advance..

    Reply
    1. Team BankBazaar

      Hi Swamy, You have to be very careful when you are buying an under construction property. We suggest that you take the help of your legal counsel. Cheers, Team BankBazaar

      Reply
  87. Ashok

    Hello Mam,
    I am selling my flat and the buyer wants to take a loan to pay the same to me. But the bank needs to get the flat register in the name of the buyer first and then gives the loan. but the once the flat is registered in the name of the buyer if the buyer decides to cheat me then? how can we make sure that i get my money ?

    Reply
    1. Team BankBazaar

      Hi Ashok, Even if the flat is registered, it will be hypothecated to the bank until the buyer repays the loan. The bank will be responsible for providing you with the money. To be safe, you will need to enter into an agreement with the bank and the buyer before registration. We suggest that you get in touch with your legal counsel for further assistance. Cheers, Team BankBazaar

      Reply
  88. Pavan A

    Hi Kavya,

    Nice information.
    Transfer of ownership is a quite difficult process. It is necessary for property buyers to understand that for ownership transfer, a property buyer has to pay some amount in the form of both stamp duty and registration. Later, it will be collected by the particular state governments and these charges vary from state to state because it is based on the type of document for which stamp duty has to be made.

    Unless and until you finish payment of stamp duty, the document (for which stamp duty is paid) becomes illegal, once you finish the payment it will be considered as legal. There are many categories of stamp duty and you can pay it through physical stamp paper, Franking, E-stamping.

    Nice to read your article.. Helpful information.

    Thank You

    Reply
    1. Team BankBazaar

      Hi Pavan, Thank you for sharing your opinion with us. We’re glad you liked our article. We have plenty of articles on our blog. Keep reading and sharing your opinion with us. Cheers, Team BankBazaar

      Reply
  89. NL Swami

    I have just purchased DDA property with 16 lakh and bank sanction home loan for that . Bank as a loan issued 13.50 DD in favor of seller and same DD no. have mentioned in sale deed and registrar y has done but later on seller noticed that bank had made mistake in seller A/C number ( Missing one digit in A/C no. ) so same DD returned to bank and bank issued another one .

    Is the DD no. amendment is compulsory in property registration or not . . If any other way for it please suggest .

    Reply
    1. Team BankBazaar

      Hi NL Swami, We would love to help you but since your question is specific in nature, please contact your legal counsel. Cheers, Team BankBazaar

      Reply
  90. Vipin Kansal

    Hi there,

    I have purchased a property in Gurugram. The circle rate for the same is 50lakh. Now , people are saying that i have to contact a person in registrar office who will purchase stamp paper for me and help me in registration and he will charge me Rs.10000.

    Could you please guide me if i have to go through the same or there is a simple process which i can follow and do the same on my own.

    Thanks,
    Vipin

    Reply
    1. Team BankBazaar

      Hi Vipin, Stamp duty will differ from one state to another. We suggest that you contact your legal counsel to ensure that this is the right rate for your area or speak to a person at the nearest property registration office. Cheers, Team BankBazaar

      Reply
  91. Rahul Rajput

    I booked my flat in Indore (MP) as per allotment letter it cost me 2041000 now its near near possession.
    I just wanted to know how much stamp duty and registration charges need to pay now.

    I also wanted to know what impact on GST on my property since its booked before GST.

    Reply
    1. Team BankBazaar

      Hi Rahul, Stamp duty and registration charges will differ from one state to another and from one district to another. We suggest that you contact your nearest registrar office for the details. As far as GST is concerned, if you had paid the entire consideration before GST was implemented, you will not have any further tax liability. Cheers, Team BankBazaar

      Reply
  92. Prakash

    Hi, I have paid the stamp duty through bank NEFT of flat sub lease deed at Noida extension from my Father’s account and the Bank loan and other documents available with my name and my wife’s name.

    Can we do registry as the stamp duty is transfer through my father’s account only.

    Reply
    1. Team BankBazaar

      Hi Prakash, Since your query is specific in nature, we suggest that you contact your legal counsel. Cheers, Team BankBazaar

      Reply
  93. Ashish Kumar Sahu

    Hi, I am buying a flat for 6200000/- in bangalore. builder told me that we have to pay 0.1% of the amount for franking agreement, so we have given him 6200/- for the franky. But when we got the franking agreement , the amount mentioned is 3150/- only. I don’t understand where the rest amount which is 6200-3150 = 3050/- gone. Please help on this.

    Reply
    1. Team BankBazaar

      Dear Ashish,

      Check if you have paid stamp duty and franking charges. Your legal counsel can help you.

      Cheers,
      Team BankBazaar

      Reply
  94. Shivam Patel

    Hie
    My family has purchased house long back around 10 years and im having only sale aggreement
    now we want to register this house in our own name but seller party is asking huge amount to sign on sale deed..
    Is it illegal? if yes what should I do?
    and consequences of late registration?

    Reply
    1. Team BankBazaar

      Hi Shivam,

      We’re sorry to hear about this. Since this matter has legal implications, we suggest you seek the help of a legal counsel in this regard.

      Cheers,
      Team BankBazaar

      Reply
  95. shiwani

    Hi Team,
    Just want to confirm if there are any stamp paper charges also as the loan is already been a sanction. We already gave processing fee to the bank. Is there any other charges.

    Reply
    1. Team BankBazaar

      Hi Shiwani,

      Stamp paper charges are to be paid when you buy a property. Most banks don’t provide loan for these charges.

      Cheers,
      Team BankBazaar

      Reply
  96. SHASHANK

    I am planning to buy a residential flat in Noida which is owned by my father only. He has some financial liabilities which he is unable to pay. I thought of helping him by generating cash for him by buying a home from him. I have a question can i take a home loan on this transaction ? also do i still need to pay Stamp duty to Noida authority for this registry? as i understand from Noida authority website for Blood relation transfer charges are only 1000Rs but is there anything else also required to be done except this or what is the process for this.

    Bank can accept such cases transfer deed ?

    Reply
    1. Team BankBazaar

      Hi Shashank,

      You can buy the property from your father. You will need to check with the Noida property registration office for the charges. You can certainly apply for a Home Loan to buy this property. Click here to get a Home Loan.

      Cheers,
      Team BankBazaar

      Reply
  97. spaceindia

    Hello
    It is very informative details about new panvel property and builders and developers in navi mumbai. It is really helpful for purchase a property.

    @spaceindia

    Reply
    1. Team BankBazaar

      Hi there,

      Glad we could be of help to you. Keep reading our blog for more informative articles on Personal Finance.

      Cheers,
      Team BankBazaar

      Reply
  98. telecomsmart city

    i had book plot in biaapa approval sites in north bangalore, developer project firefly at the project is nice at the plot near to highway so it is good

    Reply
    1. Team BankBazaar

      Hi there,

      Congratulations on buying your plot! Have a nice day!

      Cheers,
      Team BankBazaar

      Reply
  99. Property in Himachal Predesh

    This information is so nice and helpful about stamp duty and registration at the time of property purchase. I hope that we will get more new information regarding this post. If you are looking for property for sale or purchase in Himachal Pradesh then contact +91-95553 96371 to India Property Clinic available online on 24/7 time.

    Reply
    1. Team BankBazaar

      Hi there,

      We appreciate your feedback. Have a nice day!

      Cheers,
      Team BankBazaar

      Reply
  100. RAGHUNATH R RAWOOL

    I HAVE SALE AGREEMENT WHERE 80% IS BANK LOAN. REMAINING AMOUNT IS PAID BY CHEQUE TO SELLER. NOW SELLER IS TELLING THAT BANK LOAN SHOULD BE DONE PRIOR STAMP DUTY AND REGISTRATION ON SAME TIME. BANK TELL THAT AFTER STAMP DUTY AND REGISTRATION DOCUMENT HAS TO SUBMIT TO BANK THEY WILL MAKE MORGAGE PAPER AND FRANKING . AFTER THAT BANK LOAN WILL BE TRANSFERRED IN SELLER NAME AFTER GETTING ORIGINAL DOCUMENT.
    SELLER IS NOT READY TO COME FOR STAMP DUTY AND REGISTRATION. NOW WHAT ACTION WE SHOULD TAKE.

    Reply
    1. Team BankBazaar

      Hi RAGHUNATH R RAWOOL,

      Usually an agreement to sell is made by the buyer and seller before the actual registration. This will help you get the loan. We suggest that you contact your legal counsel for help.

      Cheers,
      Team BankBazaar

      Reply
  101. Flavy

    Hi,
    I am buying a flat in Bangalore through housing loan from Nationalized Bank. Bank is insisting on Mortgage registration. the loan amount is 32 Lacs. Is there a separate fees for mortgage registration apart from property registration fee? How much is the fees? Am I suppose to bear the cost of mortgage registration or the bank will take care of it? Please help me to get this information.

    Reply
    1. Team BankBazaar

      Hi Flavy,

      A mortgage by deposit of title deed does not require registration. We suggest that you check this with your legal counsel.

      Cheers,
      Team BankBazaar

      Reply
  102. Darshik patel

    Hi
    I have made purchase 1bhk in Mumbai
    While loan agreement bank agent took sign on 100 RS judicial stamp paper saying this is bank agreement
    Is this right ??
    Please suggest

    Reply
    1. Team BankBazaar

      Hi Darshik patel,

      Property registrations are done on stamp paper. For more clarity, we suggest that you get in touch with your legal counsel.

      Cheers,
      Team BankBazaar

      Reply
  103. Asim Ali

    Hello Sir,

    I am going to buy an individual home in Lucknow UP, below are my few doubts. hope you will clarify.

    1. I would like to register home with my Mothers name (Housewife) and I want to do payment, is it possible?
    2. what are the registration and stamp duty charges.
    3. What document I should ask from Seller.

    Thanks

    Reply
    1. Team BankBazaar

      Hi Asim Ali,

      It’s possible to register the house in your mother’s and wife’s name if you are not going for a Home Loan. Registration and stamp duty charges will differ from one district to another within a state. We suggest that you check these details befreo you register the property. You will need the original property documents from the seller and bills for municipal taxes paid. It’s better that you consult a legal counsel for clarity on the documents that you will need from the seller.

      Cheers,
      Team BankBazaar

      Reply
  104. https://bandatcuchi.net/

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    Reply
    1. Team BankBazaar

      Hi there,
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      Cheers,
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    1. Team BankBazaar

      Hi there,

      Thanks for stopping by. Have a nice day!

      Cheers,
      Team BankBazaar

      Reply
  105. Piyush

    Hi,
    I am going to purchase an old property. The property having all documents excluding agreement stamp receipt.
    Can you please advise me importance of agreement stamp receipt.

    Reply
    1. Team BankBazaar

      Hi Piyush,

      To ensure that the property is registered in the name of the seller, you have to check the stamp paper and see that stamp duty charges have been paid.

      Cheers,
      Team BankBazaar

      Reply
  106. Rahul More

    Good information, it is nice to see free legal information online. Today many law websites and other websites are posting free legal information online for benefit of an online audience. I read law farm India website and a couple of other law firm websites.

    Reply
    1. Team BankBazaar

      Hi Rahul,

      We appreciate your feedback and are glad this article was useful to you. Keep checking our blog for more informative articles.

      Cheers,
      Team BankBazaar

      Reply
  107. Ganesh Bacche

    Hi,
    I am purchasing a commercial unit now. there are 5 chain agreements till now for the said unit. Immediate previous agreement has been done at April 2018 and now I am purchasing he same property. I wanted to know than am I eligible for getting concession of stamp Duty for transaction within a year.

    Regards
    Ganesh

    Reply
    1. Team BankBazaar

      Hi Ganesh

      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.

      Cheers,
      Team BankBazaar

      Reply
  108. Zoeb Kamdar

    I have purchased a commercial property in my wife and my name about 4 years ago. Now we want to add our son’s name as a co-owner in the property. I have prepared a Affidavit cum NOC from me and my wife for adding my son’s name in the property and the share certificate. Do we need to go through stamp duty and registration again ? Or is the affidavit cum NOC enough ?

    Reply
    1. Team BankBazaar

      Hi Zoeb,

      Thanks for writing to us. You will have to include your son’s name in a sale deed and get it registered. We suggest that you get in touch with your legal counsel for the details. We hope this helps!

      Cheers,
      Team BankBazaar

      Reply
  109. Girdhari

    Hi,
    I have paid 0.1 % stamp duty for a assignment agreement registration. Now I need to register and create sale deed for the same. Can this assignment agreement stamp duty be considered and can be reduced in sale deed stamp duty at the time of registration.

    Now I need to pay 6.6 % stamp duty (sale deed). I paid 0.1 % for assignment agreement.
    Can I pay 6.5 % stamp duty at the time of sale deed registration.

    City: Bangalore

    Please help.

    Reply

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