Stamp duty and registration charges in Kochi, Kerala

[ecis2016.org] Here is a detailed guide for paying stamp duty and registration charges in Kochi on property purchases

Home buyers in Kochi have to pay a certain portion of the property value as stamp duty and registration charges to get the property title transferred in their name in government records. The Kerala Registration Department, which is responsible for imposing and receiving stamp duty and registration charges in Kochi, charges one of the highest rates of stamp duty on property in India. Stamp duty and registration charges in Kerala could be calculated on the fair value of land Kerala or the value of consideration, whichever is higher.

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Stamp duty and registration charges in Kochi

Source: Kerala Revenue Department

Property registration charges in Kochi, Kerala

While most states in India charge 1% of the deal value as the registration charge – the fee that you pay to the authorities for the paperwork – Kerala charges 2% of the transaction value as the registration charge. This increases the overall cost of property acquisition in Kochi, Kerala.

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Stamp duty and property registration charges for women in Kochi, Kerala

The registration department of Kerala does not offer any incentives to women home buyers. Women home buyers in Kochi pay the same stamp duty and registration charge as their male counterparts.

Buyer and seller must be present at the time of sale deed cancellation

Property buyers in Kerala must keep in mind a crucial aspect of property registration in Kochi. By amending the property registration rules recently, the Kerala Registration Department has made it mandatory for the buyer(s) and the seller(s) to be present at the time of sale deed registration, as well as a cancellation.

The Kerala government amended the Registration Rules (Kerala), 1958 and notified through the Registration (Amendment) Rules (Kerala), 2021 by inserting clause (viii) in rule 30, that “No document relating to cancellation or revocation of conveyance on sale or settlement deed shall be accepted for registration unless such cancellation or revocation deed is executed by all the executant and claimant parties of the said conveyance on sale or settlement deed, as the case may be.”

In Kerala, it is also mandatory to purchase e-stamps from authorised vendors of the Stock Holding Corporation of India Limited (SHCIL) in case the stamp duty is more than Rs 1 lakh. One can also buy e-stamps from the official portal of the state’s Registration Department of Kerala.

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Stamp duty calculation in Kochi, Kerala

Note: This is for representational purposes only

Property cost = Rs 50 lakhs

Stamp duty = Rs 4 lakhs (8% of Rs 50 lakhs)

Registration charges = Rs 1 lakh (2% of Rs 50 lakhs)

Total = Rs 5 lakhs

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How to pay stamp duty and registration charges in Kochi?

Follow our step-by-step guide to register property in any city of Kerala, including Kochi.

Step 1: To initiate online property registration in Kochi, visit the official website of the Registration Department of Kerala and register using a login ID and password. To create the login credentials, visit http://www.keralaregistration.gov.in and click on ‘Online Document Details Entry- User Registration’.

Step 2: A new page will now open. Enter all the required information on this page and press ‘Submit’.

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Your registration on the Kerala registration department portal will be complete.

All registered users have to follow three crucial steps to register their property in Kerala.

• They have to select an available time slot.
• They have to enter the document details.
• They have to submit the application and get an acknowledgement slip.

Step 3: After logging in, go to ‘Doc Registration’ and fill all the mandatory fields. Click on ‘View Token’. A list of available time slots will be generated. Click on an available slot that suits you.

Step 4: Next, select the transaction type. Choose the transaction type carefully as it cannot be modified later. Click on ‘Submit’.

Step 5: Next, fill in all the mandatory information about the concerned person who is presenting the property for registration and about the property. Fill all the boxes carefully.

Step 6: Enter the claimant details (buyer’s details).

Step 7: Enter the seller’s details. If the property is being sold with a power of attorney, click on the ‘Power of Attorney’ checkbox and fill in the details.

Step 8: Enter the details of the property to be registered.

Step 9: If you are buying a flat or apartment in Kochi, click ‘Yes’ on the ‘Is building in property’ option. A new window will open for further details.

Step 10: In the case of multiple properties and buyers, establish a claimant-property link. Mention which property is attached to which owner.

Step 11: Mention all the relevant enclosures. This is the list of documents to be provided at the time of registration.

Step 12: Next, provide witness details. These witnesses will have to be present at the time of property registration. These details can be modified or deleted later.

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Step 13: Enter the details of the stamp paper used.

Step 14: Use the extra note to provide additional details about the document, if applicable.

Step 15: Review your selected time and date. Edit the slot, if required, and click on ‘Accept & Submit to SR’ to apply.

Step 16: Review the summary of the entered details. Make changes, if required, to avoid problems at the time of registration. Click on ‘Accept & Continue’.

Step 17: Your ‘Mode of Payment’ will appear on the screen with the stamp duty and registration fees to be paid for property registration. Click on ‘Go’ to continue. Payment can be made online.

Step 18: Once the payment is processed, an acknowledgement slip will appear on the screen with the reference number and date, time and place of presentation.

On the day of property registration, all parties should carry copies and originals of all property-related documents, identity proofs and address proofs.

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Kerala registration department contact information

Inspector-General, Department of Registration,

Vanchiyur PO, Thiruvananthapuram,

Kerala – 695035

Email: regig.ker@nic.in

Phone: 0471-2472118, 2472110

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