Stamp duty and registration charges in Hyderabad


Discussed in this article is the amount you will have to pay towards stamp duty and registration charges, to become a property owner in Hyderabad

Telangana government mulls increasing stamp duty, circle rates of  land, property

July 3, 2021: Home buyers in Hyderabad will have to shell out more money to register their properties, if a recent proposal by the Telangana Stamps and Registration Department and a cabinet panel is accepted by the state government. So far, the Telangana government charges 6% of the land or property value as the stamp duty, which includes registration and transfer charges, as well.

In its proposal, the cabinet sub-committee on resource mobilisation, headed by finance minister T Harish Rao, has sought that stamp duty and registration charges be increased from the existing 6% to 7.5%, to meet the Telangana government’s target to generate Rs 12,500 crores in revenue through stamp duty and registration charges this fiscal. The proposal is now lying with chief minister Chandrashekar Rao for his approval.

Apart from increasing the stamp duty and registration charges, the government, which suffered major revenue loss in the first three months of this financial year (April-June 2021) due to the second wave of the Coronavirus pandemic and the subsequent lockdown, is also considering a proposal to increase the circle rates of land.

 

Stamp duty in Hyderabad in 2021

Hyderabad is the only housing market in India that has demonstrated continuous growth trend in terms of value appreciation, in spite of an overall slowdown in the residential segment over the past six years. Those seeking to invest in the property market in the city, have to pay stamp duty and registration charges in Hyderabad, in addition to the payment for the property

 

Stamp duty

 

There has been no increase in the rate since April 1, 2013.

Area in which the property falls Stamp duty as a percentage of the registered property value Registration charge as a percentage of the registered property value Transfer charge as a percentage of the registered property value
Corporations, special grade municipalities 4% 0.5% 1.5%
Other areas 4% 0.5% 1.5%

Source: registration.telangana.gov.in

 

Stamp duty for women in Hyderabad

Unlike most cities, where the rates are lower if the property title is being transferred in the name of a woman or under joint ownership where a woman is also a party, the stamp duty rates are uniform for men and women in Telangana. Consequently, women home buyers in Hyderabad pay as much stamp duty (4% of the property value, to be specific) as their male counterparts.

 

Property registration charges in Hyderabad

Unlike most states that charge 1% of the deal value as the registration charge, buyers have to pay only 0.5% of the value, in Hyderabad. That way, Hyderabad offers the most affordable property registration rates to buyers.

Also read all about Telangana land and property registration

 

Transfer charge on property purchase in Hyderabad

Apart from stamp duty and registration charges, all buyers also have to pay 1.5% of the property value as the transfer charge, during property registration in Hyderabad.

 

Hyderabad stamp duty and registration charge calculation example

Suppose Brinda bought a property worth Rs 50 lakhs in Hyderabad. She will have to pay 4% of the Rs 50 lakhs as the stamp duty and another 0.5% of the property value as registration charge. She will also pay 1.5% of the property value as the transfer charge.

So, Brinda’s total liability will be:

Stamp duty = Rs 2 lakhs

Registration charge = Rs 25,000

Transfer charge = Rs 75,000

Total outgo = Rs 3 lakhs

Also read: What is the Cost of living in Hyderabad

 

What documents are required for property registration in Hyderabad?

Listed below are the documents to be presented at the sub-registrar’s office, to register your Hyderabad property. However, be advised that this list is only indicative and not exhaustive. The sub-registrar may demand additional documents.

  • Original property documents.
  • Encumbrance certificate.
  • Demand draft / bank challan for stamp duty payment.
  • Section 32A photo form of executants and witnesses.
  • Identity proof and address proof of the buyer, seller and two witnesses.
  • Power of attorney, if applicable.
  • Pattadar passbook for agricultural land.

See also: Top localities to invest in Hyderabad

 

FAQ

What is the stamp duty for property registration in Hyderabad?

Property buyers have to pay 4% of the property value as stamp duty in Hyderabad.

What is the property registration charge in Hyderabad?

Property buyers have to pay 0.5% of the property value as registration charges in Hyderabad.

 

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