Stamp Duty & Registration

Type   of Document                                  Stamp Duty      Registration Fees
Agreement for sale Stamp Duty is 5% of market value under Article 25(b) 1% of Market Value or Rs. 30,000/- whichever is less
Stamp Duty on purchase from investor If relating to the purchase of one or more units in any scheme or project by a person, from a developer, who subsequently sells the unit, the duty chargeable for each unit under this clause shall be adjusted against the duty chargeable under article 25 ( conveyance) after keeping the balance of Rs. One hundred, if such transfer or assignment is made within a period of one year from the date of the Agreement. If on adjustment, no duty is required to be paid, then the minimum duty for the conveyance shall be Rs. One hundred. 1% of market value or Rs. 30,000/- whichever is less. Registration is compulsory.
Stamp Duty on free flats/galas given to owner of the land by the developer. Rs. 100 Rs. 100 Registration is compulsory
Deposit of Title, Deeds, Housing Loan If loan amount does not exceed Rs. 5, 00,000 stamp duty is 0.1% of loan amount subject to minimum Rs. 100.If loan amount exceed Rs. 5, 00,000, Stamp duty is 0.2% of loan amount. (maximum no limit) 1% of loan secured or Rs. 30,000/- whichever is less. Registration is compulsory.

 

 Value when old tenant is provided with alternate accommodation in a new building.

  • If new alternate accommodation is provided to the tenant, consisting 35% Fungible F.S.I. on surrender of old residential tenanted property and the accommodation provided is of 37.665 Sq. Mtr. /405 Sq.Ft.Carpet (i.e. 45.198 Sq. Mtr./486 Sq.Ft. Built- up area) then while calculating market value for charging stamp duty, market value should be taken to be only 112 times the monthly rent of that tenant.
  • If new alternate accommodation is provided, to the tenant on surrender of residential tenanted property and the accommodation provided is bigger than 37.665 Sq.Mtr./ 405 Sq. Ft. Carpet but upto the area in the possession of the tenant, subject to maximum ceiling of 94.50 Sq. Mtr./ 1017. 19 Sq.Ft. Carpet (i.e. 113.40 Sq.Mtr./1220.63 Sq.Ft. Built-Up area), then valuation for stamp duty should be done as follows:

First “Balance area” is to be arrived “Balance area” is equals to “Area actually provided to tenant” minus the “area as per point 2(a) i.e. 37.665Sq.Mtr./ 405 Sq.Ft. Carpet.”For this “Balance area” the cost of construction should be calculated and to this figure the amount as arrived by 112 times the monthly rent, as per point 2(a) should be added to arrive at the market value for stamp duty purposes.

  • If new alternate accommodation is provided, to tenant on surrender of residential tenanted property and the accommodation provided is 37.665 Sq.Mtr. /405Sq. Ft. Carpet or upto the area in the possession of the tenant, subject to maximum of ceiling of 94.50Sq. Mtr. / 1017.19 Sq. Ft. Carpet, and the tenant acquires/ purchases more area, then valuation for stamp duty should be done as follows:

Area acquired / Purchased over and above the entitled area should be    valued as per the ready reckoner as per Flat and value arrived as per 2(a) and (b) should be added to arrive at market value for stamp duty purpose.

  • If new alternate accommodation is provided to the tenant, considering 20% Fungible F.S.I. on surrender of old commercial tenanted property and the accommodation provided is of 33.485 Sq. Mtr. / 360 Sq. Ft. Carpet (i.e. 40.176 Sq.Mtr./ 432 Sq.Ft. Build up area) then while calculating market value for charging stamp duty, market value should be taken to be only 112 times the monthly rent of that tenant.
  • If new alternate accommodation is provided, to the tenant on surrender of commercial tenanted property and the accommodation provided is bigger than 33.485 Sq.Mtr./360 Sq.Ft. Carpet but upto the area in the possession of the tenant, subject to maximum ceiling of 84.00 Sq.Mtr./903 Sq. Ft. Carpet (i.e. 100.80 Sq.Mtr. / 1083.60 Sq. Ft. Built- Up area), then valuation for stamp duty should be done as follow:

First “Balance area” is to be arrived “Balance area” is equals to “Area actually provided to   tenant” minus the “area as per point 2(d) i.e. 33.485 Sq.Mtr. / 360 Sq.Ft. Carpet.”For this “Balance area” the cost of construction should be calculated and to this figure the amount as arrived by 112 times the monthly rent, as per point 2(d) should be added to arrive at the market value for stamp duty purposes.

  • If new alternate accommodation is provided, to tenant on surrender of commercial tenant property and the accommodation provided is 33.485 Sq.Mtr./ 360 Sq. Ft.Carpet or upto the area in the possession of the tenant, subject to maximum of ceiling of 84.00 Sq.mtr./903 Sq.Ft. Carpet, and the tenant acquires/ purchase more area, then valuation for stamp duty should be done as follows:

Area acquired /purchased over and above the entitled area should be valued as per the ready reckoner as per Flat/ Shop/Office/Industrial and value arrived as per 2(d) and (e) should be added to arrive at market value for stamp duty purposes.