Stamp Duty and Property/Flat Registration Charges in Delhi
Stamp duty is an essential part of a house purchase, which shows that property has exchanged hands. Moreover, it has impeccable legal value, and any sale is considered valid only after the stamp duty and registration fee process are completed. Hence, on that note, let’s know everything there is to know about the stamp duty in Delhi.
What Are the Stamp Duty Rates in Delhi?
The stamp duty rate in Delhi is a sum of money a person has to pay to get their property registered in Delhi. The stamp duty and registry charges in Delhi keep getting revised because they are a significant source of income for the state government. So let’s check out what these rates are!
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Present Stamp Duty and Registration Charges in Delhi
| Category | Rate (of the property value) |
|---|---|
| Male | 6% |
| Female | 4% |
| Joint | 5% |
Stamp Duty in Delhi as Per Area Type
| Areas | Stamp Duty (% of the market value) |
|---|---|
| Stamp Duty for New Delhi Municipal Corporation Area | The stamp duty is 5.5% for male, and for women buyers, the stamp duty is 3.5%. For joint ownership the stamp duty is 4.5% |
| Stamp Duty for Delhi Cantonment Board Area | The stamp duty is 3% within the Delhi Cantonment Board area. |
Property Registration Charges in Delhi
The flat registry charges in Delhi are as follows -
| Category | Rate (as a percentage of property value) |
|---|---|
| Male | 1% |
| Female | 1% |
| Joint | 1% |
How to Calculate Registration Charges and Stamp Duty in Delhi?
Here is how to calculate the registration charges and stamp duty in Delhi for a woman.
- Cost of your property = ₹ 10,00,000
- Registration Charge = 1% of ₹10,00,000 = ₹ 1000
- Stamp Duty = 4% of ₹10,00,000 = ₹ 4000
Steps to Use a Stamp Duty Calculator
Here are the steps to use a stamp duty calculator.
Step 1: Visit the official portal of Revenue and stamps department of Delhi
Step 2: Click on the Stamp Duty Calculator available under the stamp duty section.
Step 3: Enter some details as per your requirement and submit.
Step 4: A new page will appear on the screen, where you need to fill in different information.
Step 5: After filling all the details, you can find out how much you have to pay.
How to Pay Stamp Duty and Registration Fees in Delhi?
There is no offline method to pay the stamp duty in Delhi. There is only an online stamp duty payment Delhi. You have to pay the stamp duty through the SHCIL (Stock Holding Corporation of India) website. Here are the steps.
- Step 1: Visit the Stock Holding Corporation of India’s official website.
- Step 2: In the state list drop down menu, choose the NCT of Delhi option.
- Step 3: Make the stamp duty payment here via UPI/Credit Card/Debit Card/NEFT, etc.
If you wish to visit a centre, the Stock Holding Corporation of India has an authorised collection centre or an ACC where you have the option to pay in cash.
After making your payment for stamp duty, you can visit a sub registrar’s office for the process of registration. Here is the website where you can set up an appointment.
Points to Consider Before Paying Stamp Duty in Delhi
- To encourage property ownership among women, there are lower stamp duty rates for them.
- Stamp duty is a one time charge. Failure to pay it may result in a penalty along with the outstanding amount. Penalties can go up to 10 times of the original liability.
- Stamp duty is an essential part of the State revenue despite being charged by the Central government.
- One can make the stamp duty payment online with e-stamps.
- Stamp duty is factored in while calculating a borrower’s loan eligibility only where the cost of the property is up to 10 lakhs.
What Are the Factors Affecting Stamp Duty in Delhi?
Several factors affect the stamp duty in Delhi. Take a look -
| Factors | Effect on Stamp Duty Rates in Delhi |
|---|---|
| Property Owner’s Age and Gender | The stamp duty charges and house registration charges in Delhi for females and senior citizens are generally slightly lower as compared to property owners who are young and belong to the male gender. |
| Location of a Property | If a property is situated in an Urban area or in the middle of the city, the charges will be relatively higher than those of properties located in semi-urban and rural areas. |
| Use and Type of Property | The applicable stamp duty for a commercial property is greater than that for a residential property |
| Age of the property | Since the stamp duty is levied on the property value, old properties attract lower stamp duty compared to a newer one owing to their lower price. |
Are Tax Benefits Available on Stamp Duty and Registration Charges?
Stamp duty and registration charges are allowed for tax exemption under Sec 80C of the Income Tax Act.. The maximum deduction under this section is capped at ₹ 1.5 lakhs.
That was all regarding the stamp duty in Delhi! So, if you’re registering property in Delhi, now you know how!
FAQs About Stamp Duty and Registration Charges in Delhi
What is the response time for property registration in Delhi?
Property registration in Delhi usually has a response time of 15 days.
Why is the stamp duty for women reduced?
Stamp duty for women is reduced to encourage more women buyers and to allow homes to be registered in the name of women.
Is it possible to pay Stamp Duty in Delhi through online mode?
Yes, to pay the stamp duty in Delhi there is no offline method. Therefore, one can pay the stamp duty through the official website of the Delhi Government’s revenue department. Additionally, the stamp duty followed in Delhi can be paid over the official website of Stock Holding Corporation.
What are the factors to determine stamp duty charges in Delhi?
The Delhi government determines the stamp and registration charges in Delhi. It is calculated depending on several factors. This includes location of the property, age of the property, type of the property, usage, and many more. For instance, older properties obtain lower stamp duty in comparison to the newer ones.
What is the penalty for not paying the stamp duty in Delhi?
If one fails to pay the applicable stamp duty in Delhi the collector imposes a certain amount of penalty. This amount may range up to ₹500 or can be equivalent to 10 times of the insufficient stamp duty. Therefore in order to avoid such penalty charges, it is imperative to pay the applicable stamp duty.