The government of Gujarat mandatorily charges stamp duty and registration fees in Gujarat from house buyers. However, the charges vary on various factors. Know the charges below.
Stamp Duty in Gujarat: An Overview
Paying the stamp duty and registration charges while registering property is an essential part of the registration process, and it protects the property from legal hurdles in the future. While purchasing a property in Gujarat, it is essential to pay stamp duty in Gujarat in 2022 and be aware of all the legal guidelines that control the property market. Stamp duty and registration charges in Gujarat are important steps to factor in while registering a property. in Gujarat
The buyer must pay the stamp duty and registration charges at the time of property registration. Stamp duty in Gujarat is a tax imposed by the state government. It varies from one state to another.
Factors Influencing Stamp Duty in Gujarat
In Gujarat, the stamp duty is calculated based on several factors, including:
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Property Type: One primary factor affecting stamp duty in Gujarat is the type of property being transferred. Different rates apply to residential, commercial, industrial, and agricultural land properties. The stamp duty for residential properties is generally lower than that for commercial and industrial properties.
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Property’s Transaction: The transaction value is also crucial in determining the stamp duty in Gujarat. The higher the transaction value, the higher the stamp duty payable. To determine the transaction value, the authorities consider the actual sale price or the market value of the property, whichever is higher.
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Buyer’s Gender: The gender of the property buyer also impacts the stamp duty in Gujarat. To promote gender equality, the state government has reduced the stamp duty rates for properties bought in the name of women.
Stamp Duty and Registration Charges in Gujarat 2024
The State government levies stamp duty in Gujarat for registering a property in Government records.
|
Stamp Duty in Gujarat |
|
|
The basic rate of stamp duty |
3.5% |
|
Surcharge @40% on basic rate |
1.4% |
|
Total stamp duty charges |
4.9% |
Registration Charges in Gujarat in 2024
The Gujarat state government levies 1% of the market price of the property or the transaction value, whichever is higher than the registration charges. Following registration charges are levied in Gujarat-
|
Gender |
Registration Charges in Gujarat |
|
Male |
1% |
|
Female |
0 (No registration fee) |
|
Joint buyer (male and female) |
1% |
|
Joint buyer (female and female) |
0 (No registration fee) |
Registration Charges in Gujarat
The waiver in registration charges for women in Gujarat is provided to empower women and encourage people to register properties in the name of a female family member.
Besides this, the homebuyer must pay some additional charges for property registration in Gujarat, which includes:
- Rs 10 as folio fees or at the rate as per revisions by the government
- Rs 50 per copy as an index fee
- Advocate fee
How do you calculate the market value and e-payment of stamp duty and registration charges in Gujarat in 2024?
Step 2: On the home page click on Jantri and click on Market Value. Enter all the details to calculate the market value of the property.
Step 3: Provide the details of the parties, such as name, flat number, and proof of identity. Click on the next button to make payment.
Also Read: AnyROR: Check Gujarat Land Records
How do you calculate stamp duty and registration charges in Gujarat in 2023?
Stamp duty forms an important and binding part of the property transaction process in Gujarat. The steps below are to calculate stamp duty and registration charges in Gujarat. (Stamp duty calculator Gujarat)
Inspector General of Registration (Garvi) Website
Step 2: Click on the ‘Calculator’ tab on the home page. The following window will be opened.
Step 3: To calculate the stamp duty rates in Gujarat in 2024, click on the ‘Stamp Duty Calculator’ button and to calculate the Registration charges in Gujarat, click on ‘Registration Fee Calculator’ tab. Once you click on the stamp duty tab, the following window will be opened.
Step 4: Select the Article from the drop-down list and click on the ‘Calculate Stamp Duty’ button. The charges will be displayed on the screen. (Stamp duty calculator Gujarat)
Also Read: Gujarat Bhu Naksha (Land Map)
How do you calculate stamp duty in Gujarat in 2024? (With an Example)
Hence, total cost of the property for Jignesh = Rs 30,00,000 + Rs 1,47,000 + Rs 30,000 = Rs 31,77,000
Key Documents Required for Property Registration in Gujarat in 2024
The Gujarat Registration Act mandates that a property that is not registered will be illegal and not admissible in a court of law. The following documents are required for the registration of property in Gujarat.
- Clear Proofs of ownership rights (Title Deed etc)
- Input Sheet- Document containing the details of both the parties with signatures
- Identity proofs of the buyer and the seller
- Address Proofs
- Application form no 1: if the document comes under Sector 32 A of the Gujarat Stamps Act, 1958
- Power of Attorney Document in original (if applicable)
How to Pay Stamp Duty and Registration Charges in Gujarat
Property buyers can pay stamp duty and registration charges in Gujarat online and offline modes.
Pay Stamp Duty and Registration Charges in Gujarat Offline
- Franking Centres: When purchasing a property, buyers can visit the nearest bank or franking centre to pay their stamp duty and registration charges in Gujarat.
- Stamp Papers: They can also contact authorised stamp sellers and purchase stamp papers to pay their stamp duty and registration charges in Gujarat.
Pay Stamp Duty and Registration Charges in Gujarat Online
- E-Stamping: Property buyers can use an online payment method called e-stamping to pay their stamp duty and registration charges in Gujarat. Keep reading to learn more about e-stamping in Gujarat.
Things to Remember Before You Pay the Stamp Duty in Gujarat
Here is a list of essential pointers you must remember before paying the stamp duty in Gujarat.
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The stamp paper should be in the name of the person who performs the transaction.
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All the stamp duty applicable assets must be stamped before registration or the next working from the execution date.
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If a property’s deed is executed outside the specified territory, it can be stamped within three months.
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The date on which the stamp paper was issued should not be more than six months from the transaction date.
Not Paying Stamp Duty and Registration Charges in Gujarat
As per the Indian Stamp Act 1899 and Registration Act 1908, payment of stamp duty in Gujarat and every city across the nation is mandatory. Not paying these charges would mean that your property’s registration is invalid. It will also result in 2% per month penalties and up to 200% of the deficit amount.
E-Stamping in Gujarat
In case of any feedback or query, a citizen can contact on the following details:- Phone numbers : 07923256342, 07923256343, 07929688960 Email: edpcell-dat@gujarat.gov.in, helpdesk-igr@gujarat.gov.in
Summing Up on Stamp Duty and Registration Charges in Gujarat
Conclusively, payment of stamp duty in Gujarat is essential to get the sale/purchase registered in the government records. Non-payment of stamp duty in Gujarat may lead to property disputes and legal tussles at a later stage.
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