Faridabad is increasingly popular among homebuyers due to its wide range of housing options, excellent connectivity, and reasonable circle rates. Prospective buyers should note that according to the Registration Act, stamp duty and registration charges are obligatory in Faridabad. Understanding stamp duty rates and property registration charges beforehand is crucial for planning a property purchase. This article provides information about Faridabad’s stamp duty rates, property registration charges, necessary documents, and the payment procedure.
Check the stamp duty in Haryana in 2024
Stamp duty rates in Faridabad 2024
Stamp duty rates in Faridabad are higher in urban areas than those in rural areas. Here are the stamp duty charges applicable in Faridabad.
| Gender | Stamp duty rates in urban areas | Stamp duty rates in rural areas |
| Male | 7% | 5% |
| Female | 5% | 3% |
| Joint (male + female) | 6% | 4% |
| Joint (male + male) | 7% | 5% |
| Joint (female + female) | 5% | 3% |
Factors influencing stamp duty charges in Faridabad
Several factors influence stamp duty rates in Faridabad. These include the following.
- Property type: Stamp duty charges vary based on whether the property is residential, commercial, or industrial. Residential transactions generally have higher stamp duty compared to commercial or industrial transactions.
- Property market value: Stamp duty charges are influenced by the market value of the property. Higher property values incur higher stamp duty charges.
- Property size: Stamp duty charges are directly proportional to the size of the property. Larger properties attract higher stamp duty charges, while smaller ones incur lower charges.
- Location of property: Stamp duty rates in Faridabad differ for urban and rural areas. Generally, rates are higher in urban areas and lower in rural areas.
- Age of owner: In Faridabad, stamp duty rates remain consistent across all age groups, although this may vary in other cities.
- Gender of owner: Stamp duty rates in Faridabad are higher for male homebuyers compared to females.
How to calculate stamp duty charges in Faridabad?
Calculating stamp duty in Faridabad is simple. You simply need to determine the applicable percentage of your property value based on the gender of the homebuyer and whether the property is situated in an urban or rural area. For instance, in Sector 15, stamp duty charges are 7% for males, while in the Pali area, they are 5%.
How to pay stamp duty online in Faridabad?
Stamp duty in Faridabad can be conveniently paid online. To do so, you need to visit Haryana’s Online Government Receipts Accounting System (eGTRAS) platform. Homebuyers can make tax or non-tax revenue payments online by registering on the portal. It’s essential to register on the portal using required details, such as name, e-mail ID, date of birth, security question, city name, etc.
How to pay stamp duty in Faridabad offline?
Homebuyers in Faridabad have the option to pay stamp duty and registration charges offline using the traditional method. They can purchase stamp papers equivalent to the stamp duty amount from the nearest treasury office. These stamp papers should then be submitted to the State Bank of India (SBI) under the category ‘0030-Stamp and Registration’. Once the stamp duty is paid successfully, the stamp paper should be returned to the sub-registrar’s office.
Why is it important to pay stamp duty in Faridabad?
If you’re considering purchasing a property in Faridabad, paying stamp duty is obligatory. Here are several reasons for it:
- Proof of ownership: Stamp duty receipts serve as proof of property ownership in Faridabad. They provide the buyer with a legal document that can be used to establish ownership rights and future legal transactions related to the property.
- Legal recognition: Payment of stamp duty grants legal recognition and validity to the transaction, essential for establishing ownership rights.
- Protects buyer’s interest: Stamp duty payment protects the buyer’s interest, ensuring they legally own it and are free from disputes.
- Prevents legal disputes: Paying stamp duty in Faridabad ensures that the property is free from legal disputes or encumbrances, thus saving the buyer from costly legal battles in future.
- Infrastructure development: The revenue generated from stamp duty payments in Faridabad contributes to infrastructure development and other public welfare projects. This helps improve the standard of living of citizens and promotes overall state development.
Property registration charges in Faridabad
Following are the property registration charges in Faridabad 2024.
| Property value | Property registration charge |
| Up to Rs 50,000 | Rs 100 |
| Rs 50,001 to Rs 5 Lakh | Rs 1,000 |
| Rs 5 – 10 Lakh | Rs 5,000 |
| Rs 10 – 20 Lakh | Rs 10,000 |
| Rs 20 – 25 Lakh | Rs 12,500 |
| Rs 25 Lakh | Rs 15,000 |
| Rs 25 Lakh – 40 Lakh | Rs 20,000 |
| Rs 40 Lakh – 50 Lakh | Rs 25,000 |
| Rs 50 Lakh – 60 Lakh | Rs 30,000 |
| Rs 60 Lakh – 70 Lakh | Rs 35,000 |
| Rs 70 Lakh – 80 Lakh | Rs 40,000 |
| Rs 80 Lakh – 90 Lakh | Rs 45,000 |
| Rs 90 Lakh and above | Rs 50,000 |
How to calculate property registration charges in Faridabad?
In Faridabad, both men and women are required to pay the same registration fee, determined by the value of the property being purchased. For example, according to the current property registration charges in Faridabad, as outlined in the table above, you would need to pay Rs 25,00 as registration charges for a property valued between Rs 40 Lakh to 50 Lakh.
Documents required for property registration in Faridabad
To legally become an owner of a property, you must register it in your name. All necessary documents should be submitted to the Sub Registrar’s Office (SRO) within four months of the property transaction. Failure to submit documents on time may result in penalties and fines. The required documents include the following:
- Two passport-size photographs of both the buyer and the seller
- Sale deed
- Identity proof: Ration Card, PAN Card, Passport, Voter ID, Driving License
- Two witnesses with identity proofs
- Address proof
- No-objection Certificate (NOC) from the society
- Photograph of property layout
- Building map or plan
- Ownership proof: Original sale deed or copy of assessment of mutation
How to do property registration in Faridabad?
To register a property in Faridabad, visit the Jamabandi Haryana website and download the appropriate deed template based on your requirements (mortgage, GPA, sale, property transfer, lease, etc.). Fill in all the necessary details in the template. Then, visit the Sub Registrar’s office on the scheduled date. During the registration process, the Sub Registrar will verify the deed and retrieve the relevant data. Subsequently, the data will be recorded in the land record system.
How to schedule an appointment for property registration in Faridabad?
Now, property registration slots can be booked online through the Jamabandi Haryana website. Follow these steps to book a slot for property registration.
- Visit the Jamabandi Haryana website.
- Navigate to Property Registration and click on ‘Deed Registration Appointment’.
- On the new page, enter details, such as Tehsil, District, and select the desired timeframe (for next ‘n’ days). Then, search to check for availability.
- Choose the date and time for your appointment. Visit the SRO office on the appointed date and time to complete the registration process.
Why is it important to pay property registration charges in Faridabad?
A penalty is imposed if registration charges in Faridabad are not paid. Payment is mandatory, and failure to do so can result in charges increasing up to 10 times the registration fees. All property documents are required to be registered except for a Will.
Housing.com POV
Faridabad’s appeal to homebuyers is on the rise due to its diverse housing options, excellent connectivity, and reasonable circle rates. However, understanding and adhering to the stamp duty rates, property registration charges, and associated procedures are essential for a smooth property transaction. The process of property registration and stamp duty payment in Faridabad is vital for both buyers and sellers. Adhering to stamp duty and property registration requirements not only ensures legal compliance but also contributes to infrastructure development and public welfare projects, thereby benefiting society.
Stamp duty rates vary based on factors, such as property type, market value, size, location, gender, and age of the owner. It’s crucial to calculate the stamp duty accurately to avoid any discrepancies. Payment of stamp duty, whether online or offline, is mandatory, providing legal recognition, proof of ownership, and protection against future disputes. Property registration charges in Faridabad are determined by the property’s value and must be paid within the specified timeframe. Failure to pay may result in penalties, underscoring the importance of compliance.
FAQs
How is stamp duty calculated in Faridabad?
Stamp duty in Faridabad is calculated based on the property value and the gender of the buyer. Different rates apply for urban and rural areas, with higher rates typically for males compared to females.
Can stamp duty be paid online in Faridabad?
Yes, stamp duty can be paid online in Faridabad through Haryana's eGTRAS platform. Homebuyers can register on the portal and make payments conveniently from home.
What documents are required for property registration in Faridabad?
Documents required for property registration include sale deeds, identity proof, address proof, photographs of buyer and seller, NOC from society, property layout, building plan, and ownership proof.
Is it mandatory to register all property documents in Faridabad?
Yes, it is mandatory to register all property documents except for a Will in Faridabad. Failure to do so may result in penalties and legal complications.
How can I book an appointment for property registration in Faridabad?
You can book an appointment for property registration online through the Jamabandi Haryana website. Simply select the desired date and time slot and visit the Sub Registrar's Office at the appointed time to complete the registration process.
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Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
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