Lifestyle

Stamp duty in Haryana: All about registry rate in Haryana for various documents

[ecis2016.org] We explain the cost that property buyers have to bear, as stamp duty and registration charges in Haryana

Stamp duty Haryana is that amount you have to pay to the sub-registrar’s office to get a property registered under you name. In other words, to get the ownership of real estate transferred in their names in the government’s records, property buyers in Haryana have to pay stamp duty and registration charges. Stamp duty Haryana is applicable on sale deed and other deeds that effectuate changes in ownership of any property, including gift deed, will and exchange deed, etc.

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Stamp duty Haryana

Document Rural areas Urban areas
Sale, conveyance deed 5% 7%
Gift deed 3% 5%
Exchange deed 6% of the greatest value of one share 8% of the share of the greatest value
General power of attorney Rs 300 Rs 300
Special power of attorney Rs 100 Rs 100
Partnership deed Rs 22.50 Rs 22.50
Loan agreement Rs 100 Rs 100

Note that the state also plans to introduce an additional 2% transfer charge on resale properties. However, this announcement that has not gone down well with the developer and broker community in the state.

To read the full coverage of the announcement, click here.

Stamp duty Haryana: For women

Rural areas Urban areas
3% 5%

Registration charges Haryana

In 2018, the Haryana government increased the registration charge on property registrations to Rs 50,000, depending upon its collector rate. Before that, the state charged up to Rs 15,000 only as the registration fee. The new charge is applicable on sale deeds, gift deeds, mortgage deeds, sale certificates, lease deeds, collaboration agreements, exchange deeds, partition deeds and settlement deeds.

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Documents required for Haryana property registration

  • Sale deed
  • Buyers’ and sellers’ ID proofs
  • Buyers’ and sellers’ address proofs
  • No-objection certificate from the society
  • ID proofs of two witnesses
  • Building plan, map, etc.

Read also : How does sub-leasing work in commercial real estate

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Stamp duty calculation

Buyers have to pay the stamp duty based on the transaction value as specified in the sale agreement. However, the property cost must be calculated based on the current circle rates* and the stamp duty must be calculated accordingly. In case the house is being registered at a value higher than the circle rate, the buyer will have to pay the stamp duty on the higher amount. If the property is being registered at a value less than the circle rate, the stamp duty will be calculated as per the circle rates.

Alternatively, buyers can also visit the Haryana Jamabandi website, to calculate the stamp duty.

All you have to do is key in the transaction value, select municipality and your gender and hit ‘Calculate’. The stamp duty and registration charges will reflect on the screen.

Haryana stamp duty

How to buy e-stamps?

To pay the stamp duty and registration charges online, buyers in Haryana have to visit the Online Government Receipts Accounting System (e-GRAS) platform. The e-GRAS platform facilitates collection of tax/non-tax revenue in both, the online mode, as well as manual. In order to procure e-stamps, buyers will have to register themselves on the portal.

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How to buy stamps offline?

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In case of offline option, buyers can purchase stamp papers of more than Rs 10,000 from the treasury office, by depositing the amount in the State Bank of India (SBI) under head ‘0030-Stamp and Registration’.

Also read our article on Haryana RERA.

Slot booking for property registration in Haryana

After buying the e-stamp for property registration, buyers have to book an online appointment at the sub-registrar’s office, to complete the process. For this, they have to visit the Jamabandi portal. Once you click on the tab ‘Property Registration’, the drop-down menu will show the option ‘Appointment for Deed Registration’. You will be shown the available slots. After booking the online appointment, the buyer along with the seller and the witnesses, have to visit the sub-registrar’s office at the appointed time, to complete the process.

Haryana property registration

Delay in stamp duty payment

Section 23 of the Registration Act, 1908, states that all documents, except Wills, have to be presented for registration within four months from the date of execution. In case of delay, an amount of up to 10 times the registration charge can be levied as the penalty.

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FAQs

Who pays stamp duty on property purchase in Haryana?

The stamp duty is payable by the executant of the documents.

Is there a time limit within which the sale deed must be registered?

The deed must be registered within four months of the transaction taking place.

Can documents relating to the property in Delhi be registered at Gurgaon?

Under the Registration Act, 1908, sale documents are required to be presented for registration in the office of sub-registrar within whose jurisdiction the property or a portion of the property is situated.

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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