Property investments in Ayodhya, the old city where work is underway to complete the Ram Mandir by January 2024, have risen dramatically in the past five years. As the small city in Uttar Pradesh gets redeveloped and rebranded to compete with pilgrimage spots of global significance, land values in Ayodhya have skyrocketed. Industry reports say property prices in Ayodhya multiplied since the Ram Mandir Bhumi Pujan on August 2, 2020.
Encouraged by this buoyancy, leading real estate developers in the country have announced projects in Ayodhya. Now the question is, aside from the price value, how much money buyers will have to spend on stamp duty and registration charges?
Stamp duty and registration charges on land/property in Ayodhya 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
Stamp duty on other deeds in Ayodhya 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
Do women get rebate on stamp duty on property registrations in Ayodhya?
The Uttar Pradesh government offers 1% rebate on stamp duty on properties/land registered in the name of a woman. However, this rebate is capped at only on Rs 10 lakh. 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 in Ayodhya. Men and women both pay the same stamp duty if the property’s cost if over Rs 10 lakh in Ayodhya.
FAQs
What is stamp duty?
Stamp duty is the fee you ought to pay to get your property registered in government records.
What is registration charge?
States charge registration fee on top of stamp duty for providing the documentation services.
What is stamp duty for men in Ayodhya?
Men pay 7% stamp duty on property purchase in Ayodhya.
What is stamp duty for women in Ayodhya?
Women pay 7% stamp duty on property purchase in Ayodhya.
Do women buyers get rebate on stamp duty in Ayodhya?
Yes, women get 1% rebate on stamp duty if property value is less than Rs 10 lakh.
What is property registration fee is Ayodhya?
Property registration fee is Ayodhya is 1% of the property value.
What is circle rate?
Circle rate is the state-determined value of land under its ambit. Property in India can’t be registered below this rate.
Is property registration must in Ayodhya?
Section 17 of the Uttar Pradesh Registration Act, 1908 says a buyer must register the sale deed in the sub-registrar’s office in case the worth of the transaction is over Rs 100. This means all property transactions in the state must be registered to attain legal validity.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.
In addition to her professional accomplishments, Sunita holds an MA degree in Sanskrit, with a specialisation in Indian Philosophy, from Delhi University. Outside of her work schedule, she likes to unwind by practising Yoga, and pursues her passion for travel.
sunita.mishra@proptiger.com
Related Posts
Brokers go digital with apps.
Saya Gold Avenue at Indirapuram, Ghaziabad – Project Overview.
Customer loyalty programs bank on happy home buyers, to build brands.
What are lighthouse projects?.
Top companies in Jaipur driving economic growth.
8 benefits of hiring a real estate agent to sell your property.
