When you purchase a home, you need to pay stamp duty, a mandatory tax the government levies on all property transactions. It is detailed under Section 3 of the Indian Stamp Act, 1899. Your stamp duty document also serves as proof of purchase and has evidentiary value in a court of law.
Stamp duty and registration charges form a considerable part of your investment in a property. These charges are either based on the registered price of the property or the ready reckoner rate. The ready reckoner rate is the minimum rate notified by the government for transactions of property registration in Delhi.
Stamp duty in Delhi is levied as a percentage of the declared agreement value or the assessed value as per the circle rate chart, whichever is higher. Registration charges are levied over and above the stamp duty for the registry of property.
Here is all you need to know about stamp duty charges in Delhi and registry charges in Delhi.
Factors affecting stamp duty and registration charges in Delhi
The property registration charges in Delhi and stamp duty in Delhi are impacted by certain parameters. The important ones are:
● Property Location-
The location of the property determines the rate of levies. Charges in some localities are higher than in the other ones. For example, properties in category A are levied at higher rates than properties in category B.
● Age of the property-
The stamp duties for old properties are lesser than the new ones. This is because stamp duty is charged on the value of the property and the lower value of old properties attracts lesser stamp duty. Use our stamp duty calculator to easily calculate stamp duty.
● Usage-
The stamp charges in Delhi are also determined by whether the property is used for commercial purposes or residential purposes.
● Owner-
The property registration charges in Delhialso differ based on the gender and age of the owner.
Stamp Duty and Registration Charges in Delhi 2022
| Owner | Stamp Duty Rate in Delhi | Registration Charges |
| Joint (male and female) | 5% | 1% plus Rs. 100 pasting charge |
| Female | 4% | 1% plus Rs. 100 pasting charge |
| Male | 6% | 1% plus Rs. 100 pasting charge |
Age multiplier
| Birth Year | Multiplier Rate |
| Before 1960 | 0.5 |
| 1960 – 69 | 0.6 |
| 1970-79 | 0.7 |
| 1980-89 | 0.8 |
| 1990-2000 | 0.9 |
| 2000 onwards | 1 |
Ready Reckoner Rates in Delhi
| Area | Private Apartments | DDA Apartments |
| Multi-storey apartments | Rs.1.10 lakh | Rs.87,840 |
| Up to 30 sq mtr | Rs.55,440 | Rs.50,400 |
| 30 sq. mtr to 50 sq. mtr | Rs.62,652 | Rs.54,480 |
| 50 sq. mtr to 100 sq. mtr | Rs.79,488 | Rs.66,240 |
| Above 100 sq. mtr | Rs.95,250 | Rs.76,200 |
Payment of stamp duty and registration charges in Delhi
The stamp duty can be paid by e-Stamping. An e-Stamp paper is available at many Corporation Bank branches. This is a convenient and fast process for the payment of levies.
The accepted payment modes are as below:
- Net Banking
- e-Wallet Registration Account
- RTGS
- Debit Card
- NEFT
- Account to Account Transfer
Important things to remember about stamp duty
- If you make any delay in payment of your stamp duty charges, you will have to pay the penalty.
- If you do not pay stamp duty timely, you will attract a penalty of 2% per month, up to a maximum of 200% of the remaining amount.
- This penalty is charged from the first signing of the document till the required duty is fully paid off to the government.
- Stamp duty is different for each state, city, and area. So, always look up the latest stamp duty charges for the location of your property.
- It is best to know how much stamp duty you will be paying. Use a stamp duty calculator to estimate the amount in advance.
- Input your state, city, area code, and property value to get an idea of how much stamp duty you will have to pay out of pocket.
- Remember that your housing loan does not cover stamp duty.
- You can claim up to Rs. 1,50,000 on your stamp duty as tax-deductible expenses under Section 80C of the ITA. So, another benefit of knowing your stamp duty in advance is that you can assess how much you can save from being taxed.
In conclusion
Make sure you calculate your stamp duty payable and pay the entire amount on time. By knowing of these additional charges and staying prepared, you can ensure a smooth homebuying process.
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