In this article I will be writing about the stamp duty and registration charges associated with the property purchase. Many of our readers have doubts on the same and posted in the comments. I feel this article will answer some of the queries posted by our readers. If you have any doubts, please post it in the comments section. If you like the article, get the free email updates.
Stamp Duty & Registration Charges
Stamp duty indicates a form of tax that is imposed on documents. Traditionally, a physical stamp – tax stamp, needed to be part of the document to assert its legal validity.
It is vary for each state. For example, in Tamil Nadu govt. charges 8% of the property value as the stamp duty. This ensures that the document, which lays your claim to the property is legally valid.
If you have not paid the stamp duty for your property, the documents become invalid. It can not be shows as the proof for the ownership. It is good to pay the stamp duty without any problem.
Registration charges are associated with the property purchase. Normally 1% of the property value will be paid as the registration charges.
Tax Exemption
Stamp Duty and registration charges are added to the principal amount of the home loans. Hence, you can claim in the principal repayment of the home loans. This question is asked by many of our readers. Note that, it is treated as the principal of the home loans. It will be coming under the maximum limit of Rs.1000000.
Summary
I hope this article is useful for those who want to learn about the stamp duty for the property. If you have any doubts, please post it in the comments section.
Subscribe to our future articles here.
January 21, 2010 at 8:47 pm
Hello Great article but not a detail one,pls post a topic on what care should be taken before and after buying a flat..
January 22, 2010 at 9:15 am
Hello Sunil,
Thank you for the suggestion. I will write the article soon.
Thanks,
Krishna
May 2, 2010 at 6:13 pm
i have formed one trust.now i want to buy one land and building property. can i have exemption in stamp duty because of my trust nature
January 18, 2011 at 2:23 am
Please suggest me if i am buying one property i.e. cost is 13,00,000 at naigaon so what would be thr stamp duty & registration charges i need to pay in how many days it will take time to complete the process.
February 21, 2011 at 11:31 pm
Thanks for the information!
I work in Gurgaon. I have bought a land in my hometown. The land is in the name of my wife. She is a housewife.
Can i avail tax benefit on the stamp duty and registration charges given in the purchase?
Thanks in advance.
June 8, 2011 at 2:05 am
I had purchase property on 6/2/1993 for Rs. 75 lacs and stamp duty paid in ammunity scheme of Rs. 699000. How to get the document registered and the amount to be paid.
August 2, 2011 at 5:03 am
Hi, Everybody,
I have query regarding my underconstruction Flat booked in June-2010, The Building is under Construction which probably get finish in Dec-2013.
My Agreement Value is 15,50,000.00 & I paid Stamp Duty + Registration Fees paid 1,10,230.00 in July-2011.
here my question is, can I claim Stamp Duty + Registration Fees for Tax deduction A.Y. 2012-13 ?
Kindly advice, Thanks in advance.
Srikant Panigrahi
9176296926
August 15, 2011 at 10:00 pm
Is there is a consession for stamp duty & registration fees for 2nd agreement within one month or one year for the same flat.
August 15, 2011 at 10:01 pm
Please give details of exmption of stamp duty & rgistration chareges.
October 21, 2011 at 7:01 pm
Now property prices are finally falling, and sanity is returning to the UK’s housing market
Stamp Duty
November 25, 2011 at 11:28 pm
I HAVE PURCHASED A FLAT IN ARUN EXCELLO ORGADAM SITE.LOAN APPLIED WITH STATE BANK OF INDIA. PAID RS.20190 DEMAND DRAFT SUB REGISTRAR, SUNKUVARCHARTRAM, KANCHEEPURAM FOR THE LOAN AMOUNT RS.20.10 LACS AND REGN FEES RS.10100/- IS IT OK.PLEASE ADVISE
December 4, 2011 at 6:36 am
i have purchased a plot in my own name in lucknow. can i get exemption of stamp duty & registration charges paid. and under which IT rule. plz give detailed information.
thanks
December 15, 2011 at 8:27 am
Hi ,
I have purchased a land for which i have paid some amount for stamp duty. Can i claim that amount for tax exemption??
Thank you in advance..
December 21, 2011 at 10:17 pm
Hi,
One of my colleague paid stamp duty & registration charges of Rs 45,000/- in Nov’11. Whether this can be taken for tax exemption u/s 80c for this FY 2011-12
Thanks
December 21, 2011 at 11:11 pm
Yes. you can claim in the same year. But, if you are staying in that house(means taking possession) this year, otherwise you can not claim it.
Thanks,
Krishna
December 25, 2011 at 5:39 am
Dear Sir,
I have paid stamp duty and registration on 21st april 2011. My possassion is in dec2012 or 2013.
Pl suggest how can I avail tax benefit for this amount.
December 25, 2011 at 11:14 am
i have purchased a plot in my own name in lucknow. can i get exemption of stamp duty & registration charges paid.
I have not taken home loan. Please give specific answer to avoid confusion
thanks
December 27, 2011 at 4:58 am
I heard that from Jan 2012 stamp duty fees is going to increase in tamilnadu. Could you please clarify us about how much they are going to increase or is it a hoax message.Kind request please reply asap.
December 27, 2011 at 8:51 am
i m going to buy a flat from my friend,which is bought by my friend 10 months before.i want to know wat will be the registration fees for me . if i register the flat after 3 months.
January 2, 2012 at 10:02 am
I had purchased a commercial property 20 years ago but stamp duty registration was missed out. Please help me know how to go about now ? and how much penalty will I have to pay (in maharashtra)? How is the valuation done ?
January 2, 2012 at 11:13 pm
Hi,
Would like to know that what will be d total cost of registration of a house worth Rs.40,00000/-
The stamp duty and registration charges + anything extras if any?
Regards
Sudeep
January 16, 2012 at 5:19 am
Hello Sir,
I have purchased a land in current financial year (2011-2012). I am salaried person. Could I get tax benifit in stamp duty? If yes then under which section?
January 16, 2012 at 7:25 pm
I heard that from Jan 2012 stamp duty fees is going to increase in tamilnadu. Could you please clarify us about how much they are going to increase or is it a hoax message.Kind request please reply asap.also please which date it will be increase thanx
February 14, 2012 at 10:40 pm
i have bought 1500 s.f empty plot land. for that i have spend almost rs 18000 for stamp & registration.
Please advise can i get tax exemption for this deal.
February 23, 2012 at 11:55 pm
Dear bro,
I want to purchase of house amount Rs.200000/- how much is the registration charges for me to register.
Please advise,
Noorullah
February 23, 2012 at 11:58 pm
Dear Bro,,
I want to purchase land amount Rs.100000/-, how much is the stamp duty and registration charges,
Please advised
Noorullah
February 28, 2012 at 11:07 am
Sir, I am a defence person, i want to purchase a plot at Bareilly in UP. Can I have exemption in stamp duty and registration fee
March 12, 2012 at 6:56 am
i have purchased a flat under construction and will be completed in the
october 2012. i have incurred rs.40000/ as stamp and registration charges
for uds registration on feb 2012. whether i can claim exemption for stamp
charges under section 80c in the financial year 2011-2012. because it is incurred during financial year 2011-2012
kindly clarify
March 24, 2012 at 8:29 pm
hi..m purchasing a land cost around 700000 in madhya pradesh. please advice me how much is the registration fee.and is there any rebate for senior citizen female.
please advice
March 28, 2012 at 5:45 am
Plz let me know the stamp duty charges for 2400 sqft land at Cheyyar taluk district kancheepuram
April 20, 2012 at 3:57 am
I purched land in viruthunagar, and registred my father name. Now I want to change to my name, Is there any registration charge for this case
May 18, 2012 at 6:30 am
I wish to purchase land in Gwalior (MP) for Amountinf Rs 7,00,000 (Rs Seven Lacs) hw much registration fees to be paid for registration land in my name.
May 18, 2012 at 6:33 am
I wish to purchase land in Gwalior (MP) for Amountinf Rs 7,00,000 (Rs Seven Lacs) hw much registration fees to be paid for registration land in my name. If i can regitration first name is female so i benifit or same stamp dult in MP
October 15, 2012 at 2:52 pm
I am salaried person. I want to buy a land in my hometown. Can I get tax benifit in stamp duty? Can i avail tax benefit on the stamp duty and registration charges for this purchase? If yes then under which section?
if the land will be the name of my wife who is a housewife then can i get any benifit.
November 1, 2012 at 4:07 pm
Hello shashank ,
You can’t get tax benefits for land purchase.
Thanks,
Krishna
October 30, 2012 at 11:02 am
A property located at Madurai, common to me and wife by virtue of sale deed registered jointly in the name of both of us. Now I want to partition the same property by equal share to my wife and to me, by means of partition deed. It is possible to register the Partition deed. And if so how much is the stamp duty and registeration charges to be paid for the said registeration. And if it is not possible please give me the alternative procedure to effect the partition.
November 1, 2012 at 4:06 pm
Hello SABAPATHI,
With the given details, It is difficult to arrive at the cost. Please esquire the registration office.
Thanks,
Krishna
November 2, 2012 at 9:34 am
Thank you sir.Pls adivise me if you get any idea/reply about this in future.
November 2, 2012 at 8:18 am
Sir kindly give us a registeration fee and stamp duty for our resale flat in lokmanya nagar mhada flat purcased on 2004 kindly give us the flat rates calculation
do the needful as early as possible
thanking you
santhosh
November 2, 2012 at 2:44 pm
Hello Santhosh Kumar,
Please contact the correct person for that.
Thanks,
Krishna
November 3, 2012 at 12:14 pm
Can I get tax Exemption of Stamp Duty / registration fee [house purchase in June'2011] in the current Year ? Against which Section it will be benefited ? as I have Home loan & get above 1,00,000 tax Exemption under 80C.
Waiting for your valuable reply.