Uttar Pradesh notifies new stamp duty rates on registration fee for property. You have to pay Stamp Duty and Registration Charges while buying a house. Now, the registration fee is calculated as 1% of the sale consideration. The basic rate of stamp duty in Gujarat is 3.50%, while the total rate is 4.90%. To calculate it, the total price of the property is considered and this includes clubhouse, car park, electric deposit charges… The cut in VAT and duty would lead to a total revenue loss of ₹191 crore. The sale of stamp duty and registration fees on the day brought in Rs 123.35 crores. October had been a good month for the department with earnings clocked at Rs 1,096 crores. Earlier in 2020, the UP government notified the new stamp duty rates and registration fee for property and other transactions and did away with the provision that capped the maximum charge at Rs 20,000 on transactions. As per the resourcing mapping plans for 2020-2021, any charges that have been levied by Land Revenue Departments, Registration, and Stamp Duty will increase. Stamp duty and registration charges to increase in Kerala following Budget 2020 . The registration charges for the resale of residential properties in Hyderabad would be Stamp duty is 4%, transfer duty is 0.5% and the registration fee is 0.5% of the market value of the property. The stamp duty for such registration will be 7% of your Sale Deed value. Updated on 22 Jan 2020. To avoid any shortfall in funds when buying your home and registering the property in your name, ensure that you also requisition for the stamp duty and registration charges when you apply for the home loan amount. Stamp duty and registration charges in Gujarat in 2020. IANS; February 14, 2020… In West Bengal, the stamp duty charges are 7% up to Rs 25 Lakhs’ value, and for the amount above Rs 25 Lakhs, it is 6%. Since stamp duty can be as high as 8% of the property value (varies from state to state), it adds up to around 8% to 10% of your house purchase cost. On October 29, 2020, the registration department witnessed an all-time high registration of 20,307 documents with 575 sub-registrar offices. Stamp duty on registration fees will be calculated as 1% of such consideration or value, calculated for the purpose of stamp duty chargeable on the document, whichever is higher, subject to the minimum of Rs 100. Registration charges tend to be 1% of the property’s market value. Ghaziabad may raise circle rates to meet stamp duty target, 1st time since ’14 Abhijay Jha / TNN / Updated: May 11, 2019, 11:18 IST Facebook Twitter Linkedin EMail You pay stamp duty charges to government to get the property registered in your name. The registration fee in Gujarat is 1%. Circle rate is the minimum value of a particular locality to calculate stamp duty levied while buying and transferring property. As such, these charges can run into lakhs of rupees. The stamp duty on sale deed has been reduced from 8% to 4% and the registration fee from 2% to 1%. 99acres.com shares the current circle rates in Ghaziabad. Moreover, it varies from state to state as similar to the stamp duty charges. Circle rate is also known as Ready Reckoner (RR) Rate or Guidance Value or Stamp Duty Value is referred to as the minimum rate set by municipal authorities for the valuation of immovable properties in a particular area.. Factors Affecting Circle Rates In Ghaziabad Circle Rate in Ghaziabad For Plots/Flats/Floors 2020-21 What Is Circle Rate? Note: In addition to the Stamp Duty, the property registration charges may be applicable while buying an Indian property. I am assuming that it is an urban property in Indirapuram area.