Stamp duty and registration charges in Gurgaon


Here’s everything you need to know about stamp duty and registration charges on property purchases in Gurgaon

Gurgaon (now known as Gurugram) is among the most expensive property markets in India currently. In spite of some correction in the past few years, the average property rates in the Millennium City currently stand at over Rs 5,000 per sq ft. Additionally, there are various other expenses that property buyers have to bear, to legally transfer the asset in their name. The Registration Act, 1908, makes it mandatory for the buyer to register a property, for which property buyers in this region have to pay the Gurgaon stamp duty and registration charges. Since these two levies considerably increase the overall cost of purchase, buyers need to know the expenses they would have to bear for this legal formality.

See also: FAQs on property registration in India

 

Stamp duty

 

Stamp duty in Gurgaon as percentage of the property cost

In Gurgaon, buyers have to pay stamp duty, depending on their gender and property location. Stamp duty charges are higher for men and higher for areas falling within the municipal limits. For properties for sale in Gurgaon in areas that fall within the municipal limits, men and women have to pay 7% and 5% stamp duty, respectively. In areas that fall outside the municipal limits, men and women have to pay 5% and 3% stamp duty, respectively.

 

Stamp duty in Gurgaon

AreaMenWomenJoint
Under municipal ambit7%5%6%
Outside municipal ambit5%3%4%

 

Even though there has been intense pressure from the industry, to reduce the stamp duty and registration charges in Haryana to make property purchases more lucrative, at a time when the Coronavirus pandemic has ushered in an era of demand slowdown, the state government has decided to maintain a status quo on these levies. Much to the dismay of the industry, in fact, the state government also recently hiked circle rates in key housing markets, including Gurgaon.

 

Registration charges in Gurgaon

Under the provisions of the Registration Act, buyers have to get the transaction registered within four months of the purchase. Unlike most states where the buyer has to pay 1% of the property value as the registration charge, Haryana charges a flat fee, based on the property’s worth.

See also: All about circle rate in Gurgaon

 

Property registration charges in Gurgaon

Property valueRegistration charge
Up to Rs 50,000Rs 100
From Rs 50,001 to Rs 5 lakhsRs 1,000
Above Rs 5 lakhs up to Rs 10 lakhsRs 5,000
Above Rs 10 lakhs up to Rs 20 lakhsRs 10,000
Above Rs 20 lakhs up to Rs 25 lakhsRs 12,500
Over Rs 25 lakhsRs 15,000

 

How to calculate property value in Gurgaon

Stamp duty payable by a buyer can be calculated, by factoring in the unit area and the prevalent circle rate in the area. Buyers can arrive at the duty, by first calculating the property value. This can be done by following the formula mentioned below:

Property typeMethod to calculate stamp duty

 

PlotPlot area in sq yards x circle rate per sq yard
Independent homes built on plotPlot area in sq yards x circle rate per sq yard + carpet area per sq ft x minimum construction cost per sq ft
Apartments, flats, units in housing societies, builder floorCarpet area x circle rate per sq ft

Check out price trends in Gurgaon

 

Stamp duty calculation example

Depending on the property value you arrive at, you have to calculate the stamp duty, by taking the percentage applicable on you.

If the property value is Rs 50 lakhs, for example and it falls within the municipal limits and is being registered in the name of a male, the applicable stamp duty would be 7% of Rs 50 lakhs. Thus, the buyer will have to pay Rs 3.50 lakhs as stamp duty. Since the transaction value is over Rs 25 lakhs, the buyer will have to pay an additional Rs 15,000 as the registration charges.

If the same property fell outside the municipal limit and was being registered in a woman’s name, the applicable stamp duty would be 3%. Then, the buyer would have to pay Rs 1.50 lakhs as stamp duty. Since the transaction value is over Rs 25 lakhs, the registration charge will be the same.

See also: All about Haryana’s Jamabandi website and services

 

Online payment of stamp duty in Gurgaon

Buyers have to first pay the stamp duty online, before they can book an online appointment for property registration at the sub-registrar’s office. You can make this payment by following the steps mentioned below.

Step 1: Log on to the official portal, egrashry.nic.in.

 

Stamp duty and registration charges in Gurgaon

 

Step 2: Create an account, after which you can login, using your username and password.

 

Stamp duty and registration charges in Gurgaon

 

Stamp duty and registration charges in Gurgaon

 

Step 3: You could then start the process by keying in all the property’s details and then make the payment through internet banking.

Step 4: After the successful payment, an e-receipt would be generated. At the time of the registration, the buyer has to carry a copy of this receipt along with other documents.

 

FAQs

What is the circle rate in Gurugram?

Circle rates in the city vary across areas.

Can I pay stamp duty online in Gurugram?

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

What is property registration charge in Gurugram?

Buyers have to pay registration charges depending on the transaction value. For deals of over Rs 25 lakhs for example, the buyer has to pay Rs 15,000 as the registration charge.

 

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