Land is a state subject in India. As a result of this, states are in-charge of levying taxes on land and property transactions. These taxes are imposed in the form of stamp duty and registration fee, and are collected from the buyer at the time of property registration. Different states in India charge different stamp duties and registration fee on land and property sale and purchase. This guide will talk about stamp duty and registration fee in Bhopal, the capital city of Madhya Pradesh.
Bhopal stamp duty, registration fee 2024
| Ownership type | Stamp duty as the percentage of registered property value | Registration fee as the percentage of registered property value |
| Men | 9% | 3% |
| Women | 9% | 3% |
| Man + Woman | 9% | 3% |
| Man +Man | 9% | 3% |
| Woman + Woman | 9% | 3% |
Source: Mpigr.gov.in
*Stamp duty includes 5% principal stamp duty, 3% municipal duty, 1% janpad duty ; applicable on conveyance deed carried out in compliance of an agreement to sale with possession; 10% of the principal stamp duty has to be paid as Upkar duty.
Note: In a bid to promote the housing sector in the state’s urban areas, the Madhya Pradesh government had in September 2020 reduces the 3% cess on stamp duty to 1%. However, the reduction was applicable only till December 2021. This means that the old rates have become applicable from January 2022.
Stamp duty for women in Bhopal in 2024
| Owner | Stamp duty | Registration fee |
| Woman | 9% | 3% |
| Woman + Woman | 9% | 3% |
Madhya Pradesh charges a uniform stamp duty from men and women buyers. So, even if the property is being registered under a woman’s name in Bhopal, they will be paying 9% stamp duty, just like a male buyer.
Registration charges in Bhopal in 2024
| Owner | Registration fee |
| Man | 3% |
| Man+man | 3% |
| Woman | 3% |
| Woman+woman | 3% |
| Man+woman | 3% |
Unlike most states that charge 1% of the property value as the registration charge, Madhya Pradesh charges 3% of the total property value. That makes Bhopal one of the priciest cities to register properties in India. Property registration charges of 3% in Bhopal are also equal for both genders. The minimum registration charge is, however, capped at Rs 10,000 for sale deeds.
Stamp duty on other deeds in Bhopal in 2024
| Deed | Stamp duty | Registration fee |
| Affidavit | Rs 50 | Rs 500 |
| Agreement without possession | Rs 1,000 | 0.8% |
| Builders Agreement / Developer’s Agreement – with rights to held or sell immovable property jointly or severally | 5 % on share or 2.5 % on market value whichever is higher | o.8% of market value |
| Construction Agreement with no rights of holding or selling immovable property jointly or severally | 0.25% | Rs 1,000 |
| Agreement relating to hire-purchase of immovable property | 5% | 0.8% |
| Agreement relating to sale of immovable property when possession of the property is delivered or is agreed to be delivered without executing the conveyance | 5% | 0.8% |
| Gift of property among family members | 4.5%+10% of principal stamp duty | 0.8% |
| Gift of property to others | 9%+10% of principal stamp duty | 3% |
| Lease for a term less than 1 year | 0.01% | Rs 1,000 |
| Lease exceeding five years but up to 10 years | 0.5% | Rs 1,000 |
| Partition | 5% | 0.8% |
How to calculate stamp duty in Bhopal?
Suppose Teerath Ram is buying a property in Bhopal in 2024. Here is how much money he would pay as stamp duty and registry fee to the Madhya Pradesh government for property worth Rs 50 lakh:
Stamp duty on property worth Rs 50 lakh: Rs 4.50 lakh (9% of Rs 50 lakh)
Registration fee on property worth Rs 50 lakh: 3% of Rs 50 lakh=Rs 1.50 lakh
Total outgo: Rs 6 lakh
Factors influencing stamp duty rates in Bhopal
Age of the property
The age of a property is a significant factor in determining the stamp duty rates in Bhopal. Typically, older properties are subject to lower stamp duty rates compared to newer constructions.
Age of the owner
The property owner’s age can also influence the stamp duty rates in Bhopal. Many states offer concessions or discounts on stamp duty for senior citizens. For example, individuals aged 60 years and above might qualify for a 1% reduction in stamp duty, lowering the overall transaction costs.
Location of the property
The property’s location within Bhopal plays a crucial role in affecting stamp duty rates. Properties situated in prime locations or near commercial hubs tend to have higher stamp duty rates than those in less developed or suburban areas. For instance, properties in upscale neighbourhoods like Arera Colony might incur a stamp duty rate of 8% of the property’s value, whereas those in less central areas might have a rate of around 6%.
Available amenities
The amenities and facilities provided with the property can also impact stamp duty rates in Bhopal. Properties with modern amenities such as swimming pools, gyms, and advanced security systems may attract higher stamp duty charges due to their added value.
Modes of stamp duty, registration fee payment in Bhopal
There are 2 modes of payment of stamp duty and registration fee in Bhopal:
Online stamp duty and registration fee payment in Bhopal
Step 1: Copy and paste the following address in your browser:
https://www.mpigr.gov.in/#/home
Step 2: Scroll back to find the Important Links option on the page.
Step 3: Under the Important Links option, you will find Registration of documents option. Click on it.
Step 4: Registered users can use their Name and password to procced. New users will have to first register themselves.
Step 5: New users should click on the नये उपयोगकर्ता (new user) option to start registration.
Step 6: You will have to fill a detailed form providing the following details:
- First Name
- Middle name
- Last Name
- Gender
- Age
- Business *
- Father’s Name /Guardian’s Name
- Mother’s name
- Name of husband or wife
- Category
- Are you a member of a minority?
- Address
- Country
- State
- City / District *
- Postal code
- Telephone no
- Mobile Number
- Primary Email Address * (English Only)
- Alternate Email Address (English Only)
- Photo ID Proof
- ID Number (English Only)
- Username * (English only)
- Password * (English only) (should be at least 8 characters long)
Step 7: Once you login is created, you can start stamp duty payment process.
Using credit limit of service providers
On advance payment into the government account, service providers are issued a credit limit of that amount. Against this credit limit, the service providers are authorised to sell e-stamp and deliver other services under the e-panjiyan system. The buyer must pay a commission for this service which is added at the time of each transaction of e-stamp sale to the account of service provider after adjusting payments made by them against the credit limit.
Offline methods to pay stamp duty in Bhopal
A homebuyer also has the option to pay stamp duty and registration fee offline by visiting the sub-registrar office or an authorised bank.
Visiting SRO and buying stamps from authorised vendors
The sub-registrar will assess the property value and determine the stamp duty payable. After the assessment, you can buy non-judicial stamp paper of the required valuefrom authorised stamp vendors.
Payment at authorised bank through franking
Stamp duty can be paid through franking. Using franking, authorised banks stamp your document or affix a denomination on it, which acts as a proof that the stamp duty for the transaction has been paid. Banks and other authorised agents use a franking machine to affix the documents. Pay the stamp duty amount in cash or by demand draft at the authorised bank associated with the SRO.
Documents for property registration in Bhopal
- Agreement to sale
- Sale deed
- Encumbrance certificate
- Property tax receipts
- No-objection certificate
- Power of Attorney, if applicable
- Stamp duty and registration fees payment proof
- Occupancy certificate for new buildings
- Completion certificate for under-construction buildings
- TDS deduction certificate (applicable on properties worth over Rs 50 lakh))
- PAN Card of buyer
- PAN Card of seller
- Aadhaar card of seller
- Aadhaar card of buyer
- Passport size photos of buyer and seller
- ID proof of buyer
- ID proof of seller
- ID proof of witnesses
- Address proof of buyer
- Address proof of seller
- Address proof of witnesses
Tax benefits on property registration and stamp duty in Bhopal
Buyers can claim a tax benefit under Section 80C of the Income Tax Act for property registration and stamp duty expenses, with a maximum limit of Rs 1.50 lakh. This deduction can be availed when filing income tax returns. Buyers are eligible to claim this deduction only in the year the property was purchased.
Housing.com POV
Stamp duty payment is a crucial step to give property documents a legal authority. The stamp duty payment process involves buying non-judicial stamp papers, affixing it to the document and paying the duty using online or offline mode. Many states are have adopted online payment systems, streamlining the process for greater efficiency and transparency. At the same time, homebuyers are advised to adhere to the stamp duty laws to avoid legal repercussions and ensure the proper transfer of property rights. Understanding and complying with stamp duty regulations are integral aspects of a smooth and legally sound property or financial transaction.
FAQs
What are the stamp duty charges for property purchase in Bhopal?
Stamp duty for property purchase in Bhopal is 9% for men and women.
What are the registration charges for property purchase in Bhopal?
Registration charges for property purchase in Bhopal is 3% for men and women.
Are stamp duty rates uniform across India?
No, stamp duty rates differ from one state to another. Each state has its own schedule of rates.
When should stamp duty be paid?
Stamp duty should be paid within 4 months of the property transaction.
Can stamp duty be paid in installments?
No, stamp duty is a one-time payment.
Can stamp duty be refunded?
Yes, stamp duty is refundable if a property transaction fails to materialise.
What happens if stamp duty is not paid?
Failure to pay the due stamp duty means the property document will be unacceptable as evidence. In such cases, documents presented to the SRO are impounded. Subsequently, the appropriate stamp duty, along with a penalty, will be imposed. This emphasizes the significance of ensuring that documents are properly stamped to maintain their legal validity and avoid potential penalties.
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