Stamp duty and registration charges in Jaipur


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

Jaipur, also known as the ‘Pink City’, offers a host of premium properties for home seekers, as well as a rich cultural heritage. The capital of Rajasthan is also a peaceful and quiet city, having grand and busy markets. Apart from the property’s cost, those looking to buy properties here, also have to pay a substantial amount as stamp duty and registration charges in Jaipur, to get the title of the property transferred in their names. Let us find out how much money one has to pay in this regard.

 

Stamp duty

 

Stamp duty in Jaipur in 2021

Depending upon whose name the property is being registered in the old city, the stamp duty liability is different in Jaipur.

Ownership typeStamp duty as a percentage of the registered property valueLabour cess as a percentage of the stamp duty rateRegistration charge as a percentage of the registered property value
Man6%20% of 6%1%
Woman5%20% of 5%1%

 

Stamp duty on affordable housing in Jaipur, till September 2021

In its Budget 2021-22, the Rajasthan government decided to lower the stamp duty on properties in high-rises worth up to Rs 50 lakhs, till June 30, 2021. The stamp duty calculation on such properties, thus, is as provided under:

Ownership typeStamp duty as a percentage of the registered property valueLabour cess as a percentage of the stamp duty rateRegistration charge as a percentage of the registered property value
Man4%20% of 4%1%
Woman3%20% of 3%1%

In view of the demand by industry bodies, the state government decided to extend the benefit of the reduced rates to home buyers, till September 30, 2021. The Confederation of Real Estate Developers’ Associations of India (CREDAI) had written to the state finance department, to extend the relaxation on stamp duty till March 2022.

 

Stamp duty for women in Jaipur

To promote property ownership among women, Rajasthan offers a lower rate of stamp duty, in case an immovable asset is being registered under a woman’s name. While women pay 5% of the asset value as stamp duty in case of properties worth over Rs 50 lakhs, they pay 3% stamp duty on properties that cost Rs 50 lakhs or less.

See also: All about the Jaipur Development Authority (JDA)

 

Property registration charges in Jaipur

Irrespective of the gender of the owner, all buyers have to pay a 1% registration charge, for getting the title transferred in their names.

 

Jaipur stamp duty and registration charge calculation example

Suppose Anita bought a property worth Rs 50 lakhs in Jaipur in 2021. She will have to pay 3% of the Rs 50 lakhs as the stamp duty and another 1% of the property value as registration charge. She will also pay 20% of the stamp duty amount as the labour cess.

So, Anita’s total liability is:

Stamp duty = Rs 1.50 lakhs

Registration charge = Rs 50,000

Labour cess = 20% of Rs 1.50 lakhs = Rs 30,000

Total outgo = Rs 2.30 lakhs

If Anita bought a property worth, say, Rs 1 crore, the stamp duty applicable on the registration will be 5% and the calculation will change as discussed under:

Anita’s total liability:

Stamp duty = Rs 5 lakhs

Registration charge = Rs 1 lakh

Labour cess = 20% of Rs 5 lakhs = Rs 1 lakh

Total outgo = Rs 7 lakhs

 

Stamp duty on property exchange among spouses in Jaipur

Before the Budget 2020-2021 presentation, a husband transferring property in the name of his wife had to pay a 1% stamp duty for the transaction. However, property transfers in the name of fathers, mothers, sisters, sons, daughters, daughters-in-law, grandsons or granddaughters in Jaipur, still attract 2.5% stamp duty.

 

Payment of stamp duty and registration charges in Jaipur

Apart from paying the stamp duty and registration charges physically and through designated banks, buyers in Jaipur can also make the payment through the official portal, http://epanjiyan.nic.in.

 

Stamp duty and registration charges in Jaipur

 

FAQ

What is the stamp duty rate for property registration in Jaipur?

The stamp duty rate for properties priced below Rs 50 lakhs is 4% for men and 3% for women. For properties costing more than Rs 50 lakhs, it is 6% for men and 5% for women.

What is the property registration charge in Jaipur?

The property registration charge in Jaipur is 1% of the property value.

 

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