When buying property in Haryana, understanding the stamp duty and registration charges is essential. These fees are a significant part of the transaction cost and can impact your overall budget. Here’s a detailed guide on stamp duty and registration charges in Haryana for 2024 to help you navigate this crucial aspect of property transactions.
What is Stamp Duty?
Stamp duty is a tax levied on legal documents, usually in the transfer of assets or property. In the context of real estate, it is paid by the buyer at the time of property registration. The stamp duty serves as legal evidence of the purchase or sale of a property, and its rates vary from state to state.
What is the Stamp Duty In Haryana?
In Haryana, registering a property with the state government is required, regardless of whether ownership is being transferred or purchased. Document submission, stamp duty payment, and registration fee payment are required steps in this process. Stamp duty rates are different for different types of transactions, like mortgages and sale deeds.
This article explores the papers needed for registration, describes the online registration procedure, and offers insights into other relevant areas of stamp duty in Haryana to enable thorough knowledge. People or businesses engaged in real estate transactions in Haryana must make sure they are complying with the state’s registration requirements.
Benefits of Paying Stamp Duty in Haryana
You should be aware that paying stamp duty has advantages now that you are aware that rates in Haryana vary based on the location, kind, and value of the registered property.
Here are the benefits of Stamp Duty in Haryana:
- Legal Recognition: In order to create ownership rights, the transaction must be given legal recognition and legality, which is provided by the payment of stamp duty.
- Proof of ownership: The Stamp Duty receipts serve as documentation of the owners’ property. It gives the buyer a legal document that they can utilise for future property-related legal transactions as well as to prove their ownership rights.
- Prevents legal disputes: In Haryana, paying stamp duty guarantees that the property is free of liens and other legal issues.
- Protects the buyer’s interest: The buyer’s interest in the property is safeguarded by the payment of stamp duty. It guarantees that the property is free from liens and legal problems and that the buyer is the rightful owner.
- Infrastructure Development: Infrastructure development and other public welfare initiatives can be funded using the money received from the stamp duty payment. This raises the living standards of the populace and advances state development as a whole.
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Stamp Duty Rates in Haryana (2024)
As of 2024, the stamp duty rates in Haryana are structured based on the type of property and its location. Here are the prevailing rates:
| Jurisdiction | Male | Female | Joint |
| Urban Area | 7% | 5% | 6% |
| Rural Area | 5% | 3% | 4% |
The Haryana government offers a concession on stamp duty for female buyers to promote property ownership among women.
People Also Read: How does Haryana Circle Rate operate
What are Registration Charges?
Registration charges are fees paid to the state government for recording the property transaction details. This process ensures the legal ownership of the property is documented and protects the buyer’s rights. The registration charge is usually a percentage of the property’s sale value.
Calculation of Registration Charges:
In Haryana, the fee for registering a property is normally equal to 1% of its total cost.
Registration Charges in Haryana (2024)
In Haryana, the registration charges are uniform across different types of property and ownership categories. For 2024, the registration charge is 1% of the property’s market value or the agreement value, whichever is higher, subject to a minimum of ₹1,000.
The following are the revised property registration charges in Haryana in 2024:
| Property value | Registration charge |
| Up to Rs 50,000 | Rs 100 |
| Rs 50,001 to Rs 5 lakhs | Rs 1,000 |
| Rs 5 lakhs to Rs 10 lakhs | Rs 5,000 |
| Rs 10 lakhs to Rs 20 lakhs | Rs 10,000 |
| Rs 20 lakhs to Rs 25 lakhs | Rs 12,500 |
| Rs 25 lakhs | Rs 15,000 |
| Rs 25 lakh- Rs 40 lakh | Rs 20,000 |
| Rs 40 lakh- Rs 50 lakh | Rs 25,000 |
| Rs 50 lakh-Rs 60 lakh | Rs 30,000 |
| Rs 60 lakh-Rs 70 lakh | Rs 35,000 |
| Rs 70 lakh-Rs 80 lakh | Rs 40,000 |
| Rs 80 lakh-Rs 90 lakh | Rs 45,000 |
| Rs 90 lakh and above | Rs 50,000 |
Additional Charges
Apart from stamp duty and registration charges, there are other costs associated with property registration in Haryana, including:
- Mutation Charges: This is the fee for updating the ownership details in the land revenue records. The mutation fee in Haryana is nominal and varies based on the property’s location.
- Additional Levies: There may be additional charges like processing fees, form charges, and administrative fees. These can vary depending on the locality and specific requirements of the property transaction.
Calculation Example
To give you a clearer picture, let’s calculate the stamp duty and registration charges for a property in an urban area of Haryana:
- Property Value: ₹50,00,000
- Stamp Duty for Male Buyer: 7% of ₹50,00,000 = ₹3,50,000
- Registration Charge: 1% of ₹50,00,000 = ₹50,000
- Total Charges: ₹3,50,000 (Stamp Duty) + ₹50,000 (Registration Charge) = ₹4,00,000
Stamp Duty in Haryana for Various Deeds
The stamp duty fees in Haryana for obtaining land registry documents in both urban and rural locations are shown here in a simplified format:
| Documents | Urban Area | Rural Area |
| Gift Deed | 5% | 3% |
| Sale or Conveyance Deed | 7% | 5% |
| Exchange Deed | 8% of the property value or market value, whichever is greater | 6% of the property value or market value, whichever is greater |
| Property Loan Agreement | Rs 100 | Rs 100 |
| Partnership Deed | Rs 22.50 | Rs 22.50 |
| General Power of Attorney | Rs 300 | Rs 300 |
| Special Power of Attorney | Rs 100 | Rs 100 |
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Calculating Registration Charges and Stamp Duty in Haryana
Stamp Duty Calculation:
In Haryana, stamp duty is computed based on the circle rate of the locality where the property is located. If the property’s value exceeds the circle rate, the stamp duty increases accordingly. Conversely, if the property is registered at a value lower than the circle rate, stamp duty is calculated based on the circle rate.
For instance:
- Circle Rate: ₹ 50,000 per square meter
- Flat Size: 2,000 square meters
- Total Value: ₹ 10,00,00,000
Stamp Duty Calculation:
Stamp Duty = 5% of ₹ 10,00,00,000
= ₹ 5,00,000
Therefore, the stamp duty payable for this property transaction in Haryana amounts to ₹ 5,00,000.
Registration Charges Calculation:
Registration fees in Haryana are typically 1% of the property cost.
For example:
- Property Cost: ₹ 30,00,000
Registration Fees:
Registration Fees = 1% of ₹ 30,00,000 = ₹ 30,000
Thus, the registration fees for a property valued at ₹ 30,00,000 in Haryana would be ₹ 30,000.
You can also calculate Stamp Duty and Registration Online on Halris Haryana Jamabandi Official Stamp Duty Calculator
Haryana Stamp Duty on Rental Agreements
A legal document called a “Leave and License Agreement” (sometimes known as a “Rent Agreement”) lists the property’s details, the amount of rent and deposit owed, and other terms and conditions pertaining to the rental agreement. Both the landlord’s and the renter’s rights are safeguarded by a binding lease.
If there are any upcoming court cases, only a registered rental agreement will be accepted as evidence. Both the landlord and the renter are required to abide by the terms and conditions of the rental agreement. The following details the stamp duty in Haryana on the rental agreement:
| Rental Period | Stamp duty charges in Haryana | Registration Fee |
| Up to 5 years | Rs 15 for Consideration Value up to Rs 1,000 Rs 7.50 for every additional Rs 500 of Consideration Value | Rs 200 |
| Greater than 5 years | Rs 30 for Consideration Value up to Rs 1,000 Rs 15 for every additional Rs 500 of Consideration Value |
Process of Paying Stamp Duty and Registration Charges in Haryana (2024)
In Haryana, buyers have the convenience of paying both online and offline for stamp duty and registry fees.
Regarding Online Registration:
- Visit the official website of the National Government Service Portal.
- Navigate to the Haryana e-Stamping section.
- Fill in the details of the first party, including the payer of stamp duty and the property address.
- Provide the names of both the first and second parties involved.
- Select the appropriate category of stamp paper and the desired amount from the provided list.
- Review the filled form and proceed to make the payment online.
Regarding Offline Registration:
- The Treasury Office sells stamp papers to buyers worth Rs. 10,000.
- Deposit the purchased stamp papers under the head ‘0030-Stamp and Registration’ in the State Bank of India.
- Submit the Stamp paper to the sub-registrar’s office.
Documents Required for Property Registration
- Sale deed
- Identity proof of seller and buyer- PAN Card, Ration Card, Voter ID, Passport, Driving License
- Address proof of seller and buyer
- No-objection Certificate (NOC) from Society
- Identity proof of two witnesses
- Map of building or plan
- Digital photograph of property layout
- Ownership proof- Copy of assessment of Mutation or original sale deed.
- Encumbrance Certificate
- Property Tax Receipts
- Completion Certificate (for newly constructed properties)
- Occupancy Certificate (issued by local authority, in case of completed building)
How Can I Buy Haryana e-Stamps Online?
Here’s what you need to know if you intend to purchase e-stamps in order to pay the stamp duty and registration fees online in Haryana.
- For online tax and non-tax revenue payments, the Online Government Receipts Accounting System (e-GRAS) platform is the preferred option.
- You need to register on the e-GRAS portal in order to buy e-stamps.
- This user-friendly interface allows payments to be made both manually and online.
How to Buy Stamps Offline
If you would rather buy stamp papers offline, here’s how to do so in Haryana.
- To purchase stamp papers worth more than Rs 10,000, go to the Treasury office.
- To complete the process, simply deposit the funds into the State Bank of India (SBI) account titled “0030-Stamp and Registration.”
- For people who would rather not use online payments and would rather use a more conventional payment method, this is the ideal choice.
Points to Consider Before Paying Stamp Duty in Haryana
Prior to paying stamp duty in Haryana, it is important to take into account the following factors:
• Timely Stamping: All properties subject to stamp duty must have the relevant stamp applied before registration or the day after the property deed’s execution falls on a working day. Stamping of deeds conducted outside the state’s borders must be finished in three months. The signatures of both parties to the transaction are referred to in this context as execution.
• Ownership of Stamp Paper: Verify that the stamp paper bears the names of the parties involved in the transaction. This keeps everything legal and transparent throughout the process.
• Validity Period: Confirm that the stamp paper’s date of issuance is no more than six months from the transaction date. Stamp sheets must be used within the allotted time frame in order to prevent any issues during registration.
• Use of Adhesive Stamps: In Haryana, adhesive stamps are a method of paying stamp duty. These stamps, which are meant to discourage reuse, are applied to the pertinent documents at execution. Respecting this prerequisite guarantees the legitimacy and integrity of the stamp duty payment procedure.
Tax Advantages on Stamp Duty & Registration Charges in Haryana
A house buyer in Haryana is eligible to deduct up to Rs 1.5 lakh in stamp duty and registration fees. The Income Tax Act of 1961’s section 80C allows for the claim of the stamp duty deduction. Furthermore, take note that the deductions are only available to first-time house buyers; they do not apply to properties that have already been sold.
When requesting these tax benefits, keep the following considerations in mind:
• Only in the year that the real payment for these costs is made are tax benefits admissible.
• In order to receive these benefits, the property’s construction must be finished, and you must be the property’s legitimate owner.
• New residential properties are the only ones eligible for tax incentives. Consequently, these tax deductions do not apply to properties like residential plots, commercial real estate, or associated assets.
• When co-owners own a property, each co-owner’s eligibility for a tax deduction is based on how much of the property they possess. The maximum deduction cap of Rs 1,50,000 is still in place, though.
Delay in Stamp Duty Payment
As specified in Section 23 of the Registration Act of 1908, parties to real estate transactions are required to provide pertinent documentation no later than four months following the date of the deed’s execution. This provision seeks to protect the integrity and legitimacy of real estate transactions by guaranteeing their prompt registration.
In the event that the required four-month deadline for document submission is not met, penalties could be imposed. According to the legislative rules, the fine for these kinds of delays might be as much as 10% of the transaction’s registration fees.
These fines highlight the significance of adhering to legal deadlines in real estate transactions by acting as a disincentive to put off completing registration requirements.
Factors Affecting Haryana’s Stamp Duty Charges:
The following variables are taken into account for determining stamp duty in Haryana:
Owner’s gender: In Haryana, stamp duty rates are reduced for women as opposed to men. In an effort to promote gender equality in property ownership, the state government offers stamp duty discounts to encourage women to become homeowners.
Property location: Like property loan interest rates, stamp duty rates are location-dependent, with higher rates applied in metropolitan regions and lower rates in rural areas. Stamp duty rates are higher in urban and upscale locations since these areas often attract higher property prices.
Property Type: In Haryana, stamp duty rates vary depending on whether the property is residential, commercial, or industrial. The stamp duty calculation for each type of property varies, taking into account the distinct value propositions and market dynamics.
Age of the Property: In Haryana, as is the case elsewhere, older properties incur lower stamp duty charges compared to newer ones.
Age of the Owner: In India, senior citizens benefit from reduced stamp duty charges compared to younger adults, and this rule applies in Haryana as well.
Amenities: Properties with superior amenities such as swimming pools, gyms, and landscaped gardens may be subject to higher stamp duty charges. The presence of these amenities enhances the property’s value, thereby impacting the overall stamp duty calculation.
Haryana Stamp Duty Office Contact Details
The contact information of the Stamp Duty in Haryana customer care team.
Official Address: Revenue & Disaster Management Department Haryana, New Haryana Secretariat, Sector-17, Chandigarh
Nodal Officer: Under Secretary Revenue
Phone Number: 0172-2714033
Ensure your property is legally protected. Our experienced team offers comprehensive property registration services in Haryana to safeguard your investment.
Conclusion
Understanding the stamp duty and registration charges in Haryana is crucial for anyone looking to purchase property in the state. These charges are a significant part of the overall transaction cost and should be factored into your budget. By staying informed about the rates and procedures, you can ensure a smooth and legally compliant property purchase.
For more detailed information and legal assistance with property transactions in Haryana, feel free to reach out to our team of experts. We provide comprehensive legal services to guide you through every step of your property purchase.
Frequently Asked Questions on Stamp Duty and Registration Charges in Haryana
Q1. What is stamp duty in Haryana?
Ans1. Stamp duty is a tax levied on legal documents, usually in the transfer of assets or property. In Haryana, it is paid by the buyer at the time of property registration and serves as legal evidence of the purchase or sale of a property.
Q2. What are the current stamp duty rates in Haryana for 2024?
Ans2. The stamp duty rates in Haryana for 2024 are as follows:
- Urban Area: 7% for males, 5% for females, 6% for joint ownership.
- Rural Area: 5% for males, 3% for females, 4% for joint ownership.
Q3. What are the benefits of paying stamp duty in Haryana?
Ans3. Benefits of paying stamp duty in Haryana include legal recognition of the transaction, proof of ownership, prevention of legal disputes, protection of the buyer’s interest, and funding for infrastructure development.
Q4. What are the registration charges for property in Haryana in 2024?
Ans4. In Haryana, the registration charges for 2024 are 1% of the property’s market value or agreement value, whichever is higher, with a minimum of ₹1,000.
Q5. How is stamp duty calculated for various deeds in Haryana?
Ans5. Stamp duty for various deeds in Haryana is calculated as follows:
- Gift Deed: 5% in urban areas, 3% in rural areas.
- Sale or Conveyance Deed: 7% in urban areas, 5% in rural areas.
- Exchange Deed: 8% of the property value in urban areas, 6% in rural areas.
- Property Loan Agreement: ₹100 in both urban and rural areas.
Q6. What documents are required for property registration in Haryana?
Ans6. Required documents for property registration in Haryana include the sale deed, identity proofs of the seller and buyer, address proofs, society NOC, identity proof of two witnesses, map or plan of the building, digital photograph of the property layout, and ownership proof.
Q7. What is the process for paying stamp duty and registration charges online in Haryana?
Ans7. The process for paying stamp duty and registration charges online in Haryana involves visiting the National Government Service Portal, navigating to the Haryana e-Stamping section, filling in the details, and making the payment online.
Q8. Are there any tax advantages for paying stamp duty in Haryana?
Ans8. Yes, a house buyer in Haryana is eligible for a deduction of up to ₹1.5 lakh in stamp duty and registration fees under Section 80C of the Income Tax Act of 1961. These benefits are available only for first-time house buyers.
Q9. What happens if there is a delay in paying stamp duty in Haryana?
Ans9. If there is a delay in paying stamp duty in Haryana, a penalty of up to 10% of the transaction’s registration fees may be imposed, as specified in Section 23 of the Registration Act of 1908.
Q10. How does property location affect stamp duty rates in Haryana?
Ans10. Property location affects stamp duty rates in Haryana, with higher rates in urban areas compared to rural areas. This is due to the higher property prices and demand in urban locations.
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