Stamp duty in Ayodhya in 2024

Property investments in Ayodhya, the old city which saw the opening of the  Ram Mandir in 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. Also, there was a spike seen in property prices around the time of opening of the Ram Mandir on January 22, 2024.

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?

What is stamp?

Stamp is a seal or endorsement given by an agency or a person who has been authorised by the state government. This includes an adhesive or impressed stamp for the purpose of duty chargeable under the Stamps Act.

What is stamp duty?

Stamp duty is the money that is paid to buy the stamps. In India, the fee to the state government and court is paid through stamp papers. A buyer has to pay stamp duty for property related things such as sale deed, gift deed, exchange deed, partition deed, etc., the buyer must purchase stamp by paying stamp duty.

What is registry fee?

The fee payable by a homebuyer to the state government for providing registration and documentation services is known as the registry fee.

Homebuyers cannot register a property below the circle rates in any state. In case the property is being registered below the government-determined circle rates, then the homebuyer will still have to pay the amount applicable on the property value that will be determined using the circle rate.

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.

Housing.com POV

Stamp duty and registration charges are legal instruments through which you get your property registered in government records. These can be easily paid and now the UP state government is also looking at implementing e-registration. It is mandatory to pay stamp duty and registration charges in Ayodhya to legally own the property.

(Additional Inputs: Anuradha Ramamirtham)

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