Nagaland stamp duty and registration charges

Stamp duty is the tax imposed on home owners during the purchase of a property. Stamp duty is collected by states, and varies from one state to another. The state of Nagaland also collects Nagaland stamp duty. It can be charged on all types of real estate, including residential properties, commercial units, land and leasehold units. 

See also: All about laws of property registration in India

What is stamp duty in Nagaland?

For any residential property, the stamp duty is calculated based on the higher value between the overall valuation of the property mentioned in the agreement and the reckoner rate. In Nagaland, the stamp duty rates are set at 8.25%.

The stamp duty on a residential property is calculated on the basis of the higher value of the property’s value indicated in the agreement and the reckoner rate set by the government.

See also: All about Stamp duty on property purchase in India

Stamp duty in Nagaland

How to apply for stamp duty payment in Nagaland?

Unlike every other state in India, properties in Nagaland are predominantly with the tribal people of the state. This rule was adopted by the tribal leaders, to ensure the preservation of their land.

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If you want to register a property, here is a list of some of the basic requirements to be met:

• The registration takes place at the sub-registrar’s office.
• Before buying or selling the property, one needs to meet the guidelines set by the respective tribal head.
• To conduct the official procedures, applicants need to contact the office of the commissioner Nagaland/ district administration/ district magistrate.
• Only after following the guidelines, can the applicant register the property and pay the stamp duty.

See also: All about gift deed

Documents to apply for stamp duty payment in Nagaland

Here is a list of all the relevant documents that the applicant must submit, before applying for stamp duty in Nagaland:

• Encumbrance certificate
• The original documents consisting of all the signatures from concerned parties.
• Details of the property, including survey number, size of the land, surrounding land details, etc.
• Property card.
• Identity proof of the buyer, seller, and witness.
• PAN and Aadhaar card.
• Power of attorney in case of any involvement of real estate agent.
• Map of the land
• Valuation certificate from the concerned tehsildar.

See also: Partnership deed must be stamped as required by Indian Stamps Act

Nagaland stamp duty: Tax benefits

Stamp duty, cess/surcharge, and registration fees qualify for income tax deductions, according to the Section 80C of the Income Tax Act. However, the total deduction one is eligible to get is, Rs 1.5 lakh.

• This benefit is available to individuals and member of HUFs for the purchase and construction of residential property.
• The deduction is not available for the stamp duty charges paid on plot or land acquisition.
• The deduction cannot be availed if the money is not paid from the individual’s own funds.
• It is a one-time deduction that can be availed of only in the year the payment was made.
• Joint owners can claim the tax deductions when filing separate income tax returns for a co-owned property up to the overall limit of Rs 1.5 lakh for each of them as per Section 80C.
• Tax deduction on stamp duty charges is not available in case of a resale property.

Nagaland stamp duty: Contact details

Kohima Municipal Council

Old assembly secretariat,

Kohima, Nagaland.

Telephone No- 0370-2290252

Fax- 0370-2290711

To find contact details of other districts, head over to the link. Select your concerned district and click on ‘Contact’ from the left-hand side.

See also: Stamp duty in Pune

Housing.com News Viewpoint

In Nagaland, stamp duty payment and property registration must be done offline by visiting the sub-registrar’s office. This is a necessary step in the property buying journey as it is mandatory to register the property in government records.

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