Stamp duty and registration charges in Noida, Greater Noida


Here is everything you need to know about stamp duty and registration charges on property purchase in the Noida and Greater Noida markets

Noida and Greater Noida’s housing markets are two of the most affordable housing destinations in the National Capital Region (NCR). Data available with Housing.com show that the average rate of new property in these markets stood at Rs 3,922 per sq ft in 2021, after undergoing a slight value depreciation due to the impact of the Coronavirus pandemic on India’s real estate sector.

However, buyers in these markets have to pay a higher stamp duty, when compared to buyers in neighbouring Delhi. In spite of several directives from the central government to reduce the stamp duty and registration charges in Noida and Greater Noida after the Coronavirus pandemic, the Uttar Pradesh (UP) government has not yet taken a decision on any such reduction so far.

Recall here that buyers have to pay a certain percentage of the property value as stamp duty to get it registered in the government’s records. They also have to pay 1% of the property value as the registration charge for completing the paperwork.

 

Stamp duty

 

Stamp duty for women in Noida, Greater Noida

While most states provide women significant benefits through lower stamp duty rates, the UP government provides them a standard deduction of Rs 10,000 on the total stamp duty charged. So, if the total stamp duty liability of a woman stands at, say, Rs 1 lakh, she can get the property registered in Noida and Greater Noida at Rs 90,000.

 

Stamp duty and registration charges in Noida

Property registration in the name ofStamp dutyRegistration charge
Man7%1%
Woman7% , minus Rs 10,0001%
Joint (Man and woman)7%, minus Rs 10,0001%

See also: All about Noida Circle Rates

 

What are the stamp duty rates and registration charges in Greater Noida?

Similar to what is levied on properties in Noida, the UP government levies stamp duty and registration charges on all properties located in Greater Noida, as well. Below mentioned are the rates.

Check out properties for sale in Greater Noida

Stamp duty and registration charges in Greater Noida

Property registration in the name ofStamp duty ratesRegistration fees
Man7%1%
Woman7%, minus Rs 10,0001%
Joint (Man and woman)7%, minus Rs 10,0001%

 

Note here that the registration fee in Noida and Greater Noida was Rs 10,000 for properties worth up to Rs 10 lakhs and Rs 20,000 for properties worth between Rs 11 lakhs and Rs 20 lakhs. The state government standardised the rates, in 2020, to 1% across ticket sizes.

See also: All you need to know about Greater Noida circle rates

Also note that if a property in these cities is being registered at a value higher than its circle rate value, the registration charge would be 1% of the transaction value. The same is true of stamp duty, as well.

This means, if a property is worth only Rs 50 lakhs based on its government-defined circle rate value but you are buying it for Rs 60 lakhs, then, you will have to pay 7% of Rs 60 lakhs as stamp duty and 1% of this amount as the registration charge.

See also: All you need to know about Noida Authority

 

FAQs

What is stamp duty rate in Noida and Greater Noida?

Stamp duty rate is 7% for men with a discount of Rs 10,000 for properties bought in the name of a woman or joint names.

What is registration charge in Noida and Greater Noida?

The registration fee in Noida and Greater Noida for properties is 1%.

Is transfer charge the same as stamp duty in Noida?

No, stamp duty is the charge that buyers pay to the sub-registrar in Noida. The transfer charge is an additional fee that the Noida Authority imposes, on the transfer of a resale property.

 

Was this article useful?
  • 😃 (0)
  • 😐 (0)
  • 😔 (1)

Comments

comments