Stamp duty, 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

Homebuyers have to pay a certain percentage of the property’s 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 in Noida and Greater Noida.

Stamp duty, registration charges in Noida in 2024

Owner Stamp duty as percentage of the property value Registration charge as percentage of the property value Stamp duty and registration charge in Rupees on a property worth Rs 10 lakh
Man 7% 1% Rs 70,000 + Rs 10,000
Woman 6%* 1% Rs 50,000* + Rs 10,000
Man + woman 6.5% 1% Rs 65,000 + Rs 10,000
Man + Man 7% 1% Rs 70,000 + Rs 10,000
Woman + woman 6% 1% Rs 50,000* + Rs 10,000

Source: IGRS UP

* Note: Women are offered a 1% reduction in stamp duty charges in UP. But, this rebate is applicable only up to Rs 10 lakh out of the total value of the transaction.

See also: All about Noida Circle Rates

 

 

Stamp duty

 

Stamp duty, registration charges in Greater Noida in 2024

Owner Stamp duty as percentage of the property value Registration charge as percentage of the property value Stamp duty and registration charge in Rupees on a property worth Rs 10 lakh
Man 7% 1% Rs 70,000 + Rs 10,000
Woman 6%* 1% Rs 50,000* + Rs 10,000
Man + woman 6.5% 1% Rs 65,000 + Rs 10,000
Man + Man 7% 1% Rs 70,000 + Rs 10,000
Woman + woman 6% 1% Rs 50,000* + Rs 10,000

Source: IGRS UP

* Note: Women are offered a 1% reduction in stamp duty charges in UP. But, this rebate is applicable only up to Rs 10 lakh out of the total value of the transaction.

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

 

Stamp duty for women in Noida, Greater Noida in 2024

Women in UP get a discount on  stamp duty only on the purchase of properties under a certain price bracket. In place of 7% stamp duty that is applicable if a male is the owner, women pay 6% stamp duty on registration of properties that cost Rs 10 lakh or less. However, men and women both pay the same stamp duty if the property’s cost if over Rs 10 lakh in UP.

Check out properties for sale in Greater Noida

Stamp duty on other deeds in Noida, Greater Noida in 2024

Documents to be registered       Stamp duty in Rs
Gift deed *5% of the property value

**Rs 5,000 in case of gifting in family members

Will Rs 200
Exchange deed 3%
Lease deed Rs 200
Agreement Rs 10
Adoption deed Rs 100
Divorce Rs 50
Bond Rs 200
Affidavit Rs 10
Notary Rs 10
Special power of attorney Rs 100
General power of attorney Rs 10 to Rs 100

See also: All about gift deed stamp duty

 

Stamp duty payment in Noida, Greater Noida

  1. Once the sale deed is prepared, visit the igrsup.gov.in website of the Stamps and Registration department of the Uttar Pradesh government.
  2. Click on the tab ‘आवेदन करे.’(apply) and register as a user on the website.
    Enter the personal details of the buyer, the seller and the two witnesses.
  3. Enter the property details in the form.
  4. Based on this information, the website will calculate your stamp duty payment liability in Noida, Greater Noida. Save this information.
  5. Now, visit the counter of CRA in Registration office or CRA branch office or authorized collection centres (ACC) and fill up the Uttar Pradesh e-Stamp Certificate application form. Fill in all details in the form and make stamp duty payment by cash, cheque, demand draft, pay order, RTGS, NEFT or account to account transfer.
  6. After the stamp duty is paid, the Uttar Pradesh e-Stamp Certificate will be generated.
  7. Now, visit the sub-registrar’s office with the Uttar Pradesh e-Stamping Certificate along with the deed.

See also: All you need to know about Noida Authority

Flat registration, stamp duty calculation must be done on carpet area basis: Noida Authority

The registration of flats in Noida will only be done, based on the carpet area, instead of super built-up area, the Noida Authority has said. The directive by the Noida Authority comes as a relief to home buyers in Noida, who have been complaining that builders often use the super built-up area to price houses and calculate stamp duty at the time of property registration. This significantly increases the cost of home purchase for the buyer.

It begs mention here that stamp duty is calculated, based on the size of the property. The size of a flat would always be bigger when it is expressed in super built-up area terms. The size of the flat would be smaller when expressed in carpet areas terms.

This basically means that buyers have to bear higher stamp duty and registration charges at the time of flat registration, if the area of their unit is calculated as per the super built-up area. If the stamp duty is calculated based on the super built-up area of the flat, the stamp duty could be higher in the range of Rs 1 lakh to Rs 3 lakh for a flat priced up to Rs 50 lakh.

Also recall here that the real estate law (RERA) has mandated that builders sell flats by expressing its size in carpet areas terms and not in built-up area or super built-up areas terms.

Carpet area versus super built-up area

Recall here that the carpet area is the area in your flat where you can lay a carpet while the super built-up area of the flat includes common areas which are not exclusively allocated to the buyer.

According to the UP RERA, the carpet area is the net usable floor area in your flat, and does not include the area covered by external walls, service shafts, balconies, verandahs and open terraces.

“According to the RERA, developers should sell a unit on the basis of carpet area and not on the super area. The developer should make an agreement with a buyer based on the carpet area; if he does the registry of a flat on the super area, it is against the law. Be it agreement, sale or registry, if it is not determined by the carpet area, then it is illegal. Since Noida authority is a party in the sub-lease deed process, its circular (on registration of flats) will benefit customers. It was much needed to put an end to all confusions,” says UP RERA chairman Rajive Kumar.

“Super built-up area is the big number, which developers prefer to market their projects with. It is the number they arrive at, by adding common areas with built-up areas. Super built-up area is also known as the saleable area, because it becomes a yardstick for developers to quote their buyers,” says Vijay Verma, CEO, Sunworld Group.

To know more about this, read out guide What is Carpet Area, Built-Up Area and Super Built-Up Area?

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.

 

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