The buyer of a Real Estate property in Delhi is required to pay Stamp duty by the Indian Registration act 1908, at the moment of property registration. Check out the article on the breakdown of the costs buyers in the nation’s capital Delhi must pay for stamp duty and registration for property purchase.
Page Contents
- Latest Stamp Duty and Registration Charges in Delhi 2024
- Stamp Duty and Registration Charges in Delhi for Women
- Step-Wise Online Process for Stamp Duty and Registration Charges in Delhi Calculation
- How to Pay Stamp Duty & Registration Charges in Delhi
- Which Documents are required for Stamp Duty and Registration in Delhi?
- Are there any Tax Advantages on Stamp Duty and Registration Charges in Delhi?
- Which Factors decides Stamp Duty and Registration Charges in Delhi
- FAQs
Latest Stamp Duty and Registration Charges in Delhi 2024
The title of a property is changed in the records of the government under the name of the potential buyer from the old by the property registration process in Delhi.
The property sale is considered completed once you register the property and pay stamp duty to the Government.
Here are the latest Stamp duty and registration charges in Delhi 2024.
Category | Stamp Duty In Delhi | Registration Charges In Delhi |
Stamp Duty For Male | 6% | 1% |
Stamp Duty for Joint Owner | 5% | 1% |
Stamp Duty in NDMC
(New Delhi Municipal Corporation) |
5.5% | 1% |
Stamp Duty In Cantonment Board Area In Delhi | 3% | 1% |
A significant factor in determining the amount of stamp duty due is circle rates.
Also, read Ready Reckoner Rate: Meaning Uses, and Calculation.
Stamp Duty and Registration Charges in Delhi for Women
The Delhi state government continually update the stamp duty and registration charges since these are important sources of funding.
Meanwhile, the stamp duty amount in Delhi is maintained reduced for female buyers to boost home ownership.
Here are the latest stamp duty and registration charges in Delhi for women.
Category | Stamp Duty In Delhi | Registration Charges In Delhi |
Stamp Duty For Women | 4% | 1% |
Stamp Duty in NDMC
(New Delhi Municipal Corporation) |
3.5% | 1% |
Also, Read Stamp Duty and Registration Charges in Maharashtra 2024
Step-Wise Online Process for Stamp Duty and Registration Charges in Delhi Calculation
Home buyers in Delhi can calculate Stamp duty and registration charges online.
Here is a process to calculate stamp duty and registration charges in Delhi.
Step 1: Go to Delhi Online Registration Information System’s official website.
Step 2: Enter the details such as Sub-registrar, Locality, Deed name and SubDeed Name. Click on Submit option. The amount of Stamp Duty payable will be displayed on the next window.
Also, Read Flexi Payment Plan: What Can Be The Best Payment Option For Buying a Property?
How to Pay Stamp Duty & Registration Charges in Delhi
The payment of Stamp Duty & Registration charges in Delhi is only accepted via the online process. There is no offline way to pay the stamp duty in Delhi. Using the Stock Holding Corporation of India(SHCIL) website, you must pay the stamp duty.
Here is a step-by-step process to pay Stamp duty & Registration charges in Delhi.
Step 1: Go to the Official Portal of SHCIL.
Step 2: Select the state Delhi from the State dropdown list for new registration.
Step 3: If you already registered then click on Online Payment.
Step 4: Enter your User Id, and Password and click on to sign in to make a payment.
The SHCIL (Stock Holding Corporation of India) provides authorised collecting centres, often known as ACCs, where you can pay in cash if you decide to visit a centre.
After the stamp duty payment, you can go to a sub-registrar’s office to complete the registration process.
This Revenue Department website allows you to schedule an appointment for property registration.
Which Documents are required for Stamp Duty and Registration in Delhi?
Here is a list of documents which are necessary for the property registration Process in Delhi.
- Sale deed of Property.
- Identity proofs of the seller, buyer and witnesses.
- Address proofs of the seller, buyer, and witnesses.
- Two passport-sized photos of the buyers and sellers on two copies of documents.
- An appropriate amount of stamp duty on e-stamp paper.
- e-Registration charge receipt with affidavit or undertaking of the registration fee.
- PAN card or Form 60.
- NOC in the case of a plot or piece of land.
- A single set of copies and all original documents.
- Proof showing the two witnesses’ names and addresses.
- Evidence of TDS payment.
Are there any Tax Advantages on Stamp Duty and Registration Charges in Delhi?
Under Section 80C, stamp duty and registration fees are eligible for a tax deduction. There is a 1.5 lakh rupee cap on the maximum reduction allowed under this clause.
Which Factors decides Stamp Duty and Registration Charges in Delhi
The following factors decide the stamp duty and registration charges in Delhi.
Property Location: The stamp duty in urban areas like the centre of cities is higher as compared to rural areas.
Age And Gender of Property Owner: Senior Citizen owners have lower stamp duty charges compared to the average age persons also female owners have reduced stamp duty charges.
Property’s Age: Due to their reduced value, older properties tend to have lesser stamp duty than newer ones since the tax is based on the value of the property.
Property Type: Commercial properties are subject to higher stamp duty rates than residential properties.
Also, Read Things to know about 80EEA Deduction for Income Tax on Home Loans for 2024
FAQs
How to calculate registry charges in Delhi?
The registration charge in Delhi is 1% of the total value of the property. |
What are the stamp duty rates for 2024 in Delhi?
The stamp duty rates vary from 3-6% of property purchases in Delhi. |
How much is the Joint Registry fee for a home in Delhi?
For joint registration, owners are required to pay 5 % of stamp duty and 1 % of registration charges for the purchased property. |
How many properties can a person own in Delhi?
As per the Civil Law of the Indian Income Tax 1961, there are no restrictions on owning any quantity of apartments or homes. |