Stamp Duty and Registration Charges in Gurgaon in 2024

As Gurgaon is developing more and more, the cost of properties is increasing daily. Still, people buy properties, be it for investment purposes or other purposes. While buying a property, one should take care of various things like stamp duty to be paid and registration charges. 

One should be aware of these two and the percentages of both while buying a property in Gurgaon and every state. This blog focuses on the stamp duty and registration charges in Gurgaon.

What is Stamp Duty?

Stamp duty is one of the taxes that are imposed by the state government on the sale or purchase of property or anything related to property.  It is one of the indirect taxes that the public is required by the government which provides for the legality of the transaction of purchase or sale of the document. 

This tax is imposed under section 3 of the Indian Stamp Act, of 1889. The stamp duty varies from one state to another and also depends upon the locality/ area in the state as well as the value of the property. This tax is used by the government to provide for the various amenities to the public.

People Also Read: How does one calculate the property tax to be paid in Gurgaon?

What are the Registration Charges?

Registration charges are the fees that are paid to the government for the legal recording of the document. It helps in ensuring the recognition and the enforceability of the document. These are basically charged upon the transactions of the properties. 

These are required to be paid by the buyer while buying a property, which in turn records the official sale deed in the buyer’s name. These are basically charged to cover the administrative costs of maintenance and updating public records. It also protects in case of any fraudulent activities or legal disputes. 

Stamp Duty charges in Gurgaon 2024

Jurisdiction	Male	Female	Joint
Within Municipal Limits	7%	5%	6%
Outside Municipal Limits	5%	3%	4%

People Also Read: How to get an Online Property Valuation in Gurgaon

Stamp Duty charges for other documents in Gurgaon

Document Type	Stamp Duty Charges
Acknowledgment of debt twenty rupees in amount or value	Rs 10
Administration Bond	Rs 100
Adoption Deed	Rs 1,000
Affidavit	Rs 10
Cancellation Deed	Rs 500
Power of Attorney	Rs 1,000

Property Registration charges in Gurgaon

Transaction Value	Registration fees
Up to Rs 50,000	Rs 100
Rs 50,001 – Rs 5,00,000	Rs 1,000
Rs 5,00,001 – Rs 10,00,000	Rs 5,000
Rs 10,00,001 – Rs 20,00,000	Rs 10,000
Rs 20,00,001 – Rs 24,99,999	Rs 12,500
Rs 25,00,000	Rs 15,000
Rs 25,00,001 – Rs 40,00,000	Rs 20,000
Rs 40,00,001 – Rs 50,00,000	Rs 25,000
Rs 50,00,001 – Rs 60,00,000	Rs 30,000
Rs 60,00,001 – Rs 70,00,000	Rs 35,000
Rs 70,00,001 – Rs 80,00,000	Rs 40,000
Rs 80,00,001 – Rs 90,00,000	Rs 45,000
Above Rs 90,00,000	Rs 50,000

Documents Required for Property Registration in Gurgaon

The various documents required for registering a property in Gurgaon are:

• Sale deed
• Identity proof of buyer(s) and seller(s)
• PAN card
• Property tax receipts
• NOC from relevant authorities
• Passport size photographs

Factors considered while calculating stamp duty in Gurgaon

There are various factors considered while calculating stamp duty:

• Location:

It is an important factor in calculating stamp duty, which is different for every location. Urban areas generally have the highest stamp duty percentage compared to rural areas.

• Property Type:

It is another factor to consider when calculating stamp duty. A property can be commercial, residential, agricultural, or industrial, and all these types have different stamp duties attached to them.

• Gender:

Stamp duty is different for women and men. It is lower for women to ensure an increase in the number of women property buyers.

How to calculate Stamp duty in Gurgaon?

There are various steps involved in calculating the stamp duty:

• The first step is to calculate the built-up area of the property and the size of the plot in case of a plot.
• Next, check the type of property, such as whether it is a builder’s floor, apartment, house, or plot.
• Next is to get to know the circle rates of the locality in which the property is located.
• Then the person should calculate the value of the property using the formula built-up area per sq. ft. multiplied by minimum cost per sq ft + plot in sq. yards multiplied by circle rate per sq. yard.
• The next step is to multiply the value of the property with the stamp duty percentage applicable based on the municipal and non-municipal limits of the property.

How to pay the Stamp duty in Gurgaon (2024)? 

• Online:

1. The first step is to visit the official website of the Gurgaon Department of Revenue
2. Now, one should navigate to the section on online payment on the website.
3. Next, one should enter the details which are required like property details, stamp duty amount, etc.
4. After that, one should choose the preferred method of payment and then proceed to make the payment.
5. After making the payment to the department, one would receive confirmation that the payment was successful. One should save these receipts for any future use.

• Offline:

1. The first step is to visit the nearest designated bank or the government office to pay the stamp duty.
2. After that one should collect the stamp duty form from the office to initiate the process.
3. Then one should fill in all the required details correctly.
4. After filing the form, one should submit the form and all the required documents to the designated authority.
5. The authority then will verify all the details, and then one will be required to make the payment.
6. After making the payment, one receives a receipt against it, which should be saved for any future reference.

How do I claim the refund for stamp duty in Gurgaon?

The property owners in Gurgaon have now got the provision to apply for a refund of stamp duty. The owners will be refunded after deducting 10 percent of the initial amount. The owners who would want to apply for a refund of stamp duty they should apply within 6 months of the purchase of the property. The process for the same is:

• The first step is to log in to the e-GRAS portal. If you are not registered, you need to register as a new user.
• Next, look for the stamp paper option and then click on ‘Stamp Paper Refund’.
• After this, a new page is opened where one needs to enter the stamp duty challan number.
• The next step is to click on ‘Go to View’. After that, one needs to verify stamp duty and challan details.
• Now, one needs to select the stamp number and enter the details. After the details are saved, the refund application button will be activated, and thus, one can apply for the refund only online.

Once the department receives the request for a refund, it will review the application and determine the status accordingly. The refund process will take about 6 months to apply.

Conclusion

Stamp duty and registration charges are important factors in the real estate market. They are calculated based on the property value. The charges are different for each property depending on its location and who owns it, as men have a higher stamp duty to pay than women.

Frequently Asked Questions on Stamp Duty and Registration Charges in Gurgaon

Q1. What is Stamp Duty?

Ans1. Stamp duty is one of the taxes that are imposed by the state government on the sale or purchase of property or anything related to property.  It is one of the indirect taxes that the public is required by the government which provides for the legality of the transaction of purchase or sale of the document.

Q2. What are registration charges?

Ans2. Registration charges are the fees paid to the government for the legal recording of a document. They help ensure the document’s recognition and enforceability. These charges are basically charged upon property transactions. 

Q3.How much stamp duty for agreement in Gurgaon?

Ans3. The stamp duty in Gurgaon varies from three to seven per cent.

Q4. What is the registration fee for a lease in Gurgaon?

Ans4. The lease registration fee in Gurgaon is a set percentage of the average annual rent from 1.5 – 3 percent. In terms of the amount, it can vary from Rs 100 to Rs 50,000 based on the annual average rent.

Q5.  What is the difference between the circle rate and the market rate?

Ans5. The circle rate is the government-set minimum property value for tax and registration purposes. The market rate is the actual transaction price, influenced by demand, location, and property features. Market rates often exceed circle rates, reflecting real-time market conditions.

Q6. Is it mandatory to have a property ID in Gurgaon?

Ans6.  A unique property ID in Gurgaon is necessary to pay the property tax.

Q7.Can I pay stamp duty online in Gurgaon?

Ans7. Yes, you can pay the stamp duty through the egrashry.nic.in the portal in Gurgaon.

Q8. What are the consequences of delaying stamp duty payment in Haryana?

Ans8. Delaying stamp duty payment beyond the specified timeframe may result in penalties as per the provisions of the Registration Act 1908. The penalty can be a percentage of the registration charges and may vary depending on the duration of the delay. It is crucial to adhere to the prescribed timelines to avoid such penalties and ensure a smooth property transaction process.

Q9. Why is Stamp Duty less for women in Gurgaon?

Ans9. In Gurgaon, stamp duty is less for women to promote gender equality and encourage property ownership among women. This incentive aims to empower women financially, enhance their security, and support their role in asset accumulation, fostering broader socio-economic benefits.

Q10.  What are the Tax Benefits of Stamp Duty and Registration Charges?

Ans10. Tax benefits on stamp duty and registration charges are available under Section 80C of the Income Tax Act in India. Homebuyers can claim a deduction of up to ₹1.5 lakh on these expenses for a self-occupied property. This deduction is part of the overall limit under Section 80C, which includes other eligible investments and expenses. The benefit is available only in the year these expenses are incurred.