Stamp duty in Ahmedabad
Ahmedabad is the largest city of Gujarat and the sixth-largest city of India. Considered a supremely business-friendly city, Ahmedabad has attracted the interest of real estate investors for quite some time now, leading to exponential growth in the city’s sector. Those who are considering buying property in Ahmedabad, must refer to the stamp duty and registration charges that they will be liable to pay, listed below.
What are the stamp duty charges in Ahmedabad?
Currently, the state government charges stamp duty at 4.9% of the total property value. This includes the basic stamp duty rate of 3.5% and a 40% surcharge on the basic rate, which becomes 1.4%. Thus, the total stamp duty charges in Ahmedabad stand at 4.9%.
What are some of the factors that determine stamp duty charges in Ahmedabad?
Stamp duty charges in Ahmedabad depend on a variety of factors:
Age of the property
Stamp duty charges depend on the value of the property. Since older properties are lower in value, they attract lower stamp duty and vice versa.
Age of the owner
Senior citizens in Ahmedabad are required to pay lower stamp duty than their younger counterparts.
Gender of the owner
Though both men and women must pay equal stamp duty in Ahmedabad, women homebuyers are exempted from paying registration charges in the city.
Type of property
Commercial properties attract higher stamp duty than residential properties.
Location of property
Properties located in the centre of the city are high in prices and therefore, attract high stamp duty. Properties located on the outskirts attract lower stamp duty.
Amenities
Buildings with a higher number of amenities draw higher stamp duty than buildings with a lesser number of amenities.
How are property registration charges calculated in Ahmedabad?
The government of Gujarat charges 1% of the total value of a property as registration charges. However, women are exempted from paying these registration charges in the city.
To further illustrate the fact, let us consider this:
If a man buys a property worth Rs. 1 Crore in Ahmedabad, they must pay Rs. 1 Lakh as registration charges. However, if the property has a woman as its first owner, no registration fee is charged. Similarly, properties jointly owned by a man and woman again do not draw any registration charges.
How is stamp duty calculated in Ahmedabad?
The government of Gujarat charges stamp duty at 4.9% of the total value of a property. Both men and women are asked to pay the same amount as stamp charges. Thus, if you are buying a property worth Rs. 1 Crore, it does not matter whether you are a male or a female, you will be required to pay Rs. 4.9 lakh as registration charges. However, since property prices are rarely in round figures, it is best to use a stamp duty calculator to calculate these charges.
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