Lifestyle

Stamp duty and registration charges in Hyderabad

[ecis2016.org] Discussed in this article is the amount you will have to pay towards stamp duty and registration charges, to become a property owner in Hyderabad

Stamp duty in Hyderabad in 2022

Hyderabad is the only housing market in India that has demonstrated continuous growth trend in terms of value appreciation, in spite of an overall slowdown in the residential segment over the past six years. Those seeking to invest in the property market in the city, have to pay stamp duty and registration charges in Hyderabad, in addition to the payment for the property.  In this article, we will find out about flat registration charges in Hyderabad.

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Stamp duty

Flat registration charges in Hyderabad

Area in which the property falls Stamp duty as a percentage of the registered property value Registration charge as a percentage of the registered property value Transfer charge as a percentage of the registered property value
Corporations, special grade municipalities 4% 0.5% 1.5%
Other areas 4% 0.5% 1.5%

Source: registration.telangana.gov.in

Note: There has been no increase in the rate since April 1, 2013.

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Flat registration charge for women in Hyderabad

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Unlike most cities, where the rates are lower if the property title is being transferred in the name of a woman or under joint ownership where a woman is also a party, the stamp duty rates are uniform for men and women in Telangana. Consequently, women home buyers in Hyderabad pay as much stamp duty (4% of the property value, to be specific) as their male counterparts.

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Property registration charges in Hyderabad

Unlike most states that charge 1% of the deal value as the registration charge, buyers have to pay only 0.5% of the value, in Hyderabad. That way, Hyderabad offers the most affordable property registration rates to buyers.

Also read all about Telangana land and property registration

Transfer charge on property purchase in Hyderabad

Apart from stamp duty and registration charges, all buyers also have to pay 1.5% of the property value as the transfer charge, during property registration in Hyderabad.

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Hyderabad stamp duty and registration charge calculation example

Suppose Brinda bought a property worth Rs 50 lakhs in Hyderabad. She will have to pay 4% of the Rs 50 lakhs as the stamp duty and another 0.5% of the property value as registration charge. She will also pay 1.5% of the property value as the transfer charge.

So, Brinda’s total liability will be:

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Stamp duty = Rs 2 lakhs

Registration charge = Rs 25,000

Transfer charge = Rs 75,000

Total outgo = Rs 3 lakhs

Also read: What is the Cost of living in Hyderabad

What documents are required for property registration in Hyderabad?

Listed below are the documents to be presented at the sub-registrar’s office, to register your Hyderabad property. However, be advised that this list is only indicative and not exhaustive. The sub-registrar may demand additional documents.

  • Original property documents.
  • Encumbrance certificate.
  • Demand draft / bank challan for stamp duty payment.
  • Section 32A photo form of executants and witnesses.
  • Identity proof and address proof of the buyer, seller and two witnesses.
  • Power of attorney, if applicable.
  • Pattadar passbook for agricultural land.

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FAQs

What is the stamp duty for property registration in Hyderabad?

Property buyers have to pay 4% of the property value as stamp duty in Hyderabad.

What is the property registration charge in Hyderabad?

Property buyers have to pay 0.5% of the property value as registration charges in Hyderabad.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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