Stamp Duty and Registration Charges in Gurgaon
Currently, Gurugram is one of the most expensive property markets in India. The price of any property is measured by the circle rates of that area. Circle rates in Gurugram are based on the demand for properties in that area.
If you registered it in your name at the Registrar’s Office On the basis of registration, you become the legal owner of your property and it is, therefore, necessary to avoid fraud. The most important for registration are documentation and payment.
The deed of sale is registered in the sub-registrar’s office in Gurgaon according to the rules of sale registration must be completed within 4 months, with all the documents the sub-registrar checks all the documents and issues.
Registration certificate stamp duty and the registration fee are determined at the point of exchange of property.
The purchase of property is considered incomplete without stamp duty and registration fees. If a person does not register the property, then legally his ownership rights remain with the original owner. The main purpose of the registration is to keep a record of the owner of that property.
What is Stamp Duty?
It is a tax distributed by the government that is levied on all legal property transactions. Stamp papers purchased at the seller’s and buyer’s residence are valid for 6 months.
Stamp duty must be paid on time and in full if stamped. A Delay in payment of the fee may attract a penalty. As per Section 3 of the Indian Stamp Act 1899, it is necessary for the legal right to property
Latest Stamp Duty and Registration Charges in Gurugram
In Gurgaon, a male buyer has to pay 7% stamp duty and also a female buyer has to pay 5% stamp duty if the property is owned jointly then the stamp duty is 6%.
For properties outside the municipal limits, male buyers have to pay 5% stamp duty and female buyers have to pay 3% stamp duty and also 4% stamp duty for joint ownership. It has to be paid
Property registration fee in Haryana has increased from ₹15000 to ₹50000 in 2018. Revised cost is applicable on all sale deed certificates, lease deeds, exchange deeds, partition deeds, and also gift deeds.
Gurgaon Stamp duty in 2022
Area Male Female Joint
Under Muncipal Limits 7 % 5% 6%
Outside Muncipal Limits 5% 3% 4%
Property registration charges in Haryana 2022
Property Value Registration Charge
Up to 50000 Rs 100
Rs 50000 to Rs 5 lakh Rs 1000
Rs 5 lakh to Rs 10 lakh Rs 5000
Rs 10 lakh to Rs 20 lakh Rs 10000
Rs 20 lakh to Rs 25 lakh Rs 12500
Rs 25 lakh to Rs 40 lakh Rs 20000
Rs 40 lakh to Rs 50 lakh Rs 25000
Rs 50 lakh to Rs 60 lakh Rs 30000
Rs 60 lakh to Rs 70 lakh Rs 35000
Rs 70 lakh to Rs 80 lakh Rs 40000
Rs 80 lakh to Rs 90 lakh Rs 45000
Rs 90 lakh and Above Rs 50000
Haryana is under more pressure from industries to reduce “stamp duty and registration charges” to make property purchases more attractive at a time when the coronavirus pandemic has ushered in an era of recession, because the state government has taken this decision.
It was taken that these taxes should be kept constant, but also shortly before the state government increased the circle rates in major housing markets including Gurgaon.
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