Stamp Duty and Registration Charges in Delhi 2024
Updated On: 04th, January 2024
Are you planning to buy a new house property in 2024 for your family?
When anyone has to buy a property in the national capital of Delhi, they have to pay stamp duty and property registration charges to ensure that the new flat or land gets registered in their name in all the government records.
The Delhi government keeps renewing these rates and charges every year to increase state revenue and announces low stamp duty rates in Delhi for female buyers. The payment of stamp duty and registry charges gives home buyers the sole right and is admissible in the court as evidence.
Table of Contents
Stamp Duty Rates in Delhi 2024
Under the Registration Act of 1908, it is mandatory for the buyer of a property to pay the prevailing stamp duty during the property registration. After the successful completion of the registration procedure in Delhi, the ownership of the property gets transferred to the new buyer by the seller in the government records.
The stamp duty charge in Delhi is a sum of money that a buyer of a property pays towards property registration in Delhi. These charges are subject to revision by the state government. A stamp duty is charged on a property that is acquired through a sale deed, gift, or a conveyance. This duty is calculated on the basis of the ready reckoner rate or circle rates in Delhi after considering the previous stamp duty rate and current property value.
When you avail a home loan for house property purchase, the stamp duty and property registration charges in Delhi will not be included in the housing loan scheme.
The present stamp duty rates in Delhi are as follows:
Owner’s gender | Stamp duty charges in Delhi |
---|---|
Male | 6% of the property value |
Female | 4% of the property value |
Joint | 5% of the property value |
The property gets transferred in the name of the buyer in all the government documents and records only after the payment of the stamp duty charges.
Stamp Duty in Delhi as Per Area Type
Areas in Delhi | Stamp Duty (% of the market value) |
---|---|
Stamp duty for NDMC area | 5.5% for male buyers and 3.5% for women buyers. |
Stamp duty for Delhi Cantonment Board area | 3% within the Delhi Cantonment Board area |
Property Registration Charges in Delhi in 2024
The registration charges of property in Delhi are 1% of the property value or amount as per circle rate, whichever is higher. This rate will be applicable for males, females, and joint applicants. An additional pasting fee of Rs. 100/- will also be charged to the registry fee.
The other charges under the registration of property category are:
- Lease deed of immovable property: Rs. 1,000/- plus Rs. 100/- as pasting fee.
- Relinquishment deed: Rs. 1,000/- plus Rs. 100/- as pasting fee.
- Power of attorney: Rs. 1,000/- plus Rs. 100/- as pasting fee.
- Will and authority to adopt: Rs. 500/- plus Rs. 100/- as pasting fee.
The stamp duty and registration charges together consist of 7% for men, 5% for women, and 6% for joint registration.
How to Calculate Registration Charges and Stamp Duty in Delhi?
The stamp duty and registration charges in Delhi are calculated on the actual value of the house property. If the cost of your house property is Rs. 10,00,000.
The registration charges will be 1% of Rs.10,00,000 = Rs. 1,000
The stamp duty rate will be 4% of Rs. 10,00,000 = Rs. 4,000
How to Use a Stamp Duty Calculator?
Follow the below steps to use a stamp duty calculator to calculate your stamp duty charges on your house property:
Step 1: Visit the official website of Delhi Online Registration Information System – Circle Rate (delhigovt.nic.in)
Step 2: Enter details such as Sub-Registrar (location), locality, deed name, and sub-deed name and click on ‘Submit’.
Step 3: Find the amount of stamp duty payable by you.
How to Pay Stamp Duty and Registration Fees in Delhi?
Stamp duty and registration fees in Delhi is paid online only through the website of Stock Holding Corporation of India. The steps for the same are given below:
1. Visit the website of Stock Holding Corporation of India – StockHolding- e-Stamping India | StockHolding Corporation of India (shcilestamp.com)
2. Make the payment of the stamp duty.
Things to Consider Before Paying Stamp Duty in Delhi
- The rate of stamp duty in Delhi is lower for women to promote female ownership.
- Any failure to pay stamp duty can attract penalty on the outstanding amount. It can go as high as 200% of the original amount.
- Stamp duty is charged by central government and goes into the state revenue.
- E-stamps are one of the best methods to make the payment of stamp duty online.
Factors Affecting Stamp Duty in Delhi
Several factors affect the stamp duty rates in Delhi such as:
1. Age and gender of property’s owner: The stamp duty rates and registration charges in Delhi are comparatively lower for women and senior citizens. A male property owner has to pay higher stamp duty and registry charges in Delhi and some other states of India.
2. Age of the property: As the stamp duty is charged on the actual value of the property, older properties have a low stamp duty compared to the new properties.
3. Location of the property: The stamp duty chargeable on a property located in an urban area or main city is higher compared to the properties situated in the rural or semi-urban areas.
4. Type of property: The stamp duty rates on a commercial property are higher than a residential property.
Flat Registry Charges in Delhi 2024
The stamp duty and registration charges on flats in Delhi are based on the circle rates of property in Delhi.
Circle Rates/Ready Reckoner Rates for Flats in Delhi
Area sq. mtr. | DDA society flats | Private builder flats |
---|---|---|
Up to 30 sq. mtr. | Rs. 50,400 | Rs. 55,440 |
30 – 50 sq. mtr. | Rs. 54,480 | Rs. 62,652 |
50 – 100 sq. mtr. | Rs. 66,240 | Rs. 79,488 |
More than 100 sq. mtr. | Rs. 76,200 | Rs. 95,250 |
Multi-storey apartment | Rs. 87,840 | Rs. 1.10 Lakh |
Plot Registry Charges in Delhi 2024
The stamp duty and property registration charges for plot are the same as the other properties. The plot registry charges in Delhi are:
- 6% for male owners
- 4% for female owners
- 5% for joint owners
For plots under NDMC area, it is 5.5% for male owners and 3.5% for female owners.
Documents Required for Payment of Property Registration Charges in Delhi
There are certain documents that are required to be furnished while making the payment of stamp duty and property registration charges in Delhi such as:
- Copies of address proofs of the buyer, seller, and witnesses
- Copies of identity proofs of the buyer, seller, and witnesses
- Two-passport sized photos of the buyer and seller at least on two copies of the documents.
- Sale deed
- No-objection certificate (NOC) in case of plot/land
- Proof of TDS payment
- Self-attested copy of PAN card or Form 60
- E-stamp paper with right value of stamp duty
- E-registration fee receipt with affidavit/undertaking
- All the original documents with copies
Ready Reckoner Rates for Residential Plots in Delhi
Category | Construction cost | Land cost |
---|---|---|
CAT A | Rs.21,960 per sq mtr | Rs.7.74 lakh per sq mtr |
CAT B | Rs.17,400 per sq mtr | Rs.2.46 lakh per sq mtr |
CAT C | Rs.13,920 per sq mtr | Rs.1.60 lakh per sq mtr |
CAT D | Rs.11,160 per sq mtr | Rs.1.28 lakh per sq mtr |
CAT E | Rs.9,360 per sq mtr | Rs.70,080 per sq mtr |
CAT F | Rs.8,220 per sq mtr | Rs.56,640 per sq mtr |
CAT G | Rs.6,960 per sq mtr | Rs.46,200 per sq mtr |
CAT H | Rs.3,480 per sq mtr | Rs.23,280 per sq mtr |
Difference between Ready Reckoner Rate and Market Rate
A ready reckoner rate is decided by the government and considered as the basis for payment of stamp duty to proceed with the transactions for property registration in Delhi.
The market rate is the cost of the property at which it is sold or purchased by the buyers and sellers.
The circle rates/ready reckoner rates are comparatively low than market prices.
Frequently Asked Questions (FAQs) – Stamp Duty & Property Registration Charges in Delhi
Q. What is the stamp duty and registration charges in Delhi?
The stamp duty rates in Delhi are 6% for a male buyer, 4% for a female buyer, and 5% for a joint ownership.
Q. Who pays stamp duty – buyer or seller?
It is always the buyer of the house property who pays the stamp duty.
Q. Can I claim back stamp duty?
Home buyers can claim a refund of the stamp duty when there is a sale of the main residence with the period of three years of the completion on a new home.
Q. In how much time stamp duty gets refunded?
The stamp duty is refunded within 15 days of making the request.
Q. Can I pay stamp duty offline in Delhi?
No, the stamp duty is only payable by the buyer online in Delhi.
Q. What factors affect property registration charges in Delhi?
The factors that affect property registry charges in Delhi are:
- Age of the owner
- Location of the property
- Type of property – Commercial or residential
- Gender of the owner
Q. What is the stamp duty in Delhi Cantonment Board area?
The stamp duty in Delhi Cantonment Board area is 3% of the present property value in the market.
Q. What are the property registry charges in NDMC land?
The stamp duty is 5.5% for male owners and 3.5% for female owners in NDMC areas.
Q. Are stamp duty and registration charges in Delhi NCR same?
No, the areas in the NCR follow different rules and regulations as every area in this region belongs to a different state. In Gurgaon, stamp duty is collected in accordance with the stamp duty charges in Haryana.
Q. What is the stamp duty holiday?
The stamp duty holiday was introduced in July 2020 up till 30th June, for the betterment of the homebuyers and boost property market in UK during the COVID-19 crisis.
Q. How much is the response time for property registration in Delhi?
The response time for the property registration in Delhi is 15 days.
Q. Why is the stamp duty for women reduced?
The stamp duty for women is reduced to increase the percentage of women buyers and promote property registration in the name of women.
Q. Are tax benefits available on stamp duty and registration charges?
The stamp duty and registration charges are exempted from tax under Sec 80C. The maximum deduction under this section is threshold at Rs. 1.5 lakh.
Q. What are stamp duty charges in NDMC area?
The stamp duty is 5.5% for a male owner and 3.5% for a female owner in NDMC areas.
Q. What is the stamp duty, transfer duty and registration fee in Delhi for sale deed?
The stamp duty and transfer duty in Delhi for a sale deed is 6% for males and 4% for females. The registration fee is fixed at 1% of the total value of the sale deed plus Rs. 100 as pasting charges.
Q. Is stamp duty reduced in Delhi?
There is a reduction in the circle rates in Delhi of 1% in the stamp duty to provide relief to homeowners.
Q. What payment modes are accepted for stamp duty and registration charges?
Net banking, debit card, account to account transfer, RTGS, NEFT, and e-wallet registration account are some of the popular payment modes accepted for payment of stamp duty and registration charges.
Q. Does a home loan cover stamp duty and registration charges?
No, a home loan never covers stamp duty and registration charges but includes other housing expenses.