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Stamp duty and registration charges in Rajasthan

[ecis2016.org] Mentioned in this article is all about stamp duty in Rajasthan and the revised list of stamp duty and registration charges in Rajasthan effective July 14, 2020 on various property-related transactions

The Department of Registration and Stamps is responsible for registering various transactions in Rajasthan. Property transactions remain one of the high-token transactions, apart from 33 other deeds and related transactions such as Godnama, vibhajan patra, loan agreements, power of attorney, etc. Stamp duty in Rajasthan is updated from time to time and the department in Ajmer is headed by an inspector general. In this article we are going to look at stamp duty and registration charges in Rajasthan in 2020 and how it adds up to the total cost that a buyer has to pay to own a property.

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Rajasthan Stamp duty and registration

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Stamp duty in Rajasthan 

Let us look at the stamp duty in Rajasthan. For men stamp duty in Rajasthan is 6%, while women enjoy a lower stamp duty in Rajasthan at 5%. This is one of the reasons why it may actually be a good idea to buy a property in your wife’s name in Rajasthan. So, suppose Vimesh Bishnoi is buying a property worth Rs 10 lakhs, the stamp duty on real estate comes to Rs 60,000. In the case of a woman buyer, she would have to pay Rs 50,000 only. The difference becomes higher in case of properties priced higher. The surcharge on stamp duty in Rajasthan is 30%.

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Stamp duty in Rajasthan for various transactions

The below mentioned stamp duty is applicable starting July 14, 2020.

Document
Stamp duty applicable Stamp duty after rebate Surcharge payable Registration
Agreement to sale without possession 3% of the total consideration 0.5% of the consideration Yes Optional
Agreement to sale with possession (male) 6% of the market value of the property 6% Yes Compulsory
Agreement to sale with possession (female) 6% of the market value 5% Yes Compulsory
Agreement to sale with possession (female

SC/ST/BPL)

6% of the market value of the property 4% Yes Compulsory
Agreement to sale with possession (disabled) 6% of the market value of the property 5% Yes Compulsory
Agreement to sale executed between the developer and purchaser under Chief Minister Jan Aawas Yojna-2015 for sale of residential unit 3% of the total consideration 0.5% of the consideration Yes Optional
Certificate of sale 6% of the total consideration or market value of the property, whichever is higher 6% Yes Optional
Certificate of sale (Female SC/ST/BPL) 6% of the total consideration or market value of the property, whichever is higher 4% Yes Optional
Certificate of sale (Female other than SC/ST/BPL) 6% of the total consideration or market value of the property, whichever is higher 5% Yes Optional
Certificate of sale (disabled 40% or above) 6% of the total consideration or market value of the property, whichever is higher 5% Yes Optional
Gift in favour of father, mother, son, brother, sister, daughter-in-law, husband, son’s son, daughter’s son, son’s daughter, daughter’s daughter 6% of the market value 2.5% of the market value Yes Compulsory
Gift in favour of daughter 6% of the market value 1% or Rs 1 lakh, whichever is less Yes Compulsory
Gift in favour of wife, if executed up to March 31, 2022 6% of the market value 0 Yes Compulsory
Gift in favour of wife, if executed after March 31, 2022 6% of the market value 1% or Rs 1 lakh, whichever is less Yes Compulsory
Gift in favour of widow by her deceased husband’s mother, father, brother, or sister 6% of the market value 0 Yes Compulsory
Gift in favour of widow by her own mother, father, brother, sister, son or daughter 6% of the market value 0 Yes Compulsory
Gift deed stamp duty in Rajasthan regarding residential flat or house executed by any person private, in favour of the wife of the martyr, if the wife of the martyr is not alive, then in favour of either minor daughter or minor son and if the martyr was unmarried, then in favour of either father or mother. 6% of the market value 0 Yes Compulsory
Order of land use change under the Rajasthan Urban Areas (change of land use) Rules, 2010 or any other relevant rules 6% of the market value 6% of the amount of charge of land use change, minimum Rs 500 Yes Compulsory
Partition (non-ancestral) 6% of the market value 3% of market value Yes Compulsory
Partition (ancestral property) 6% of the market value of the separated share or shares 0 Yes Compulsory
Partition deed of ancestral agricultural land 6% of the market value 0 Yes Compulsory

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Stamp duty for power of attorney in Rajasthan

These are the stamp duty charges for a power of attorney (POA) or adhikar patra or mukhtar nama in Rajasthan.

Condition Stamp duty applicable after rebate
When given for consideration and authorising the attorney to sell any immovable property 6%
When given for consideration and authorising the attorney to sell any immovable property (Female SC/ST/BPL) 4%
When given for consideration and authorising the attorney to sell any immovable property (Female other than SC/ST/BPL) 5%
When given for consideration and authorising the attorney to sell any immovable property (In case of disability of 40% and above) 5%
When power of attorney is given without consideration to sell immovable property to – the father, mother, brother, sister, wife, husband, son, daughter, grandson or grand daughter of the executant Rs 2,000

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Stamp duty for lease deed in Rajasthan

Condition  Stamp duty charges
Lease deed below 1 year 0.02% of the market value of the property
Lease deed of 1 year to 5 years 0.1% of the market value of the property
Lease deed exceeding 5 years and up to 10 years 0.5% of the market value of the property
Lease deed exceeding 10 years and up to 15 years 1% of the market value of the property
Lease deed exceeding 15 years and up to 20 years 2% of the market value of the property
Lease deed exceeding 20 years and up to 30 years 4% of the market value of the property
Lease deed exceeding 30 years and perpetual 6% (after rebate)
Lease deed exceeding 30 years and perpetual (Female other than SC/ST/BPL) 5% (after rebate)
Lease deed exceeding 30 years and perpetual (Female SC/ST/BPL) 3% (after rebate)
Lease deed exceeding 30 years and perpetual (In case of disability of 40% and above) 5% (after rebate)

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Registration charges in Rajasthan

Registration charges, if applicable, is 1%.

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Stamp duty in Rajasthan collection: Effect of COVID-19

Between March and June 2020, the Rajasthan state government lost a whopping Rs 500 crores in collection of stamp duty in Rajasthan. While transactions picked up post-June, it is still difficult to estimate whether the department will be able to meet its target of Rs 5,600 crores. The primary reason for the fall in collection of stamp duty in Rajasthan, can be mapped to the subdued activity in Rajasthan’s property market.

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FAQs

When was stamp duty in Rajasthan revised ?

Stamp duty in Rajasthan were last revised in June-July 2020.

Where can I find the stamp vendor license form?

You can easily find the stamp vendor license form on the official website of the Registration and Stamps Department, government of Rajasthan.

Where can I lodge grievances about the stamps department?

You can visit http://sampark.rajasthan.gov.in/ and lodge your complaint and check its status too. You can also call the toll free number 181. For any other information, write to rajsampark@rajasthan.gov.in or cmv@rajasthan.gov.in

(Additional Inputs: Sneha Sharon Mammen)

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

Source: https://ecis2016.org
Category: Must Knows

Debora Berti

Università degli Studi di Firenze, IT

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