Stamp Duty Charges in Haryana
Haryana may only be the 16th largest state in the country, but it contributes substantially to the country's agricultural economy. It is also one of the most industrialized states in the country. The demand for land is quite high in Haryana, and if you are planning to invest in the state, know that the state government of Haryana charges stamp duty and registration charges on land- and property-related transactions.
What are the stamp duty charges in Haryana?
Stamp duty charges across the country vary between 4% and 8% of the total property value. In Haryana, stamp duty charges depend on several different factors, the most important of which are the location of the property and the gender of the owner.
In Haryana, the state government charges different stamp duties from men and women. While men are supposed to pay 7% of the total transaction value as stamp duty, women are charged stamp duty at only 5% in urban areas. In rural areas, men are supposed to pay 5% and women are required to pay 3% of the total transaction value as stamp duty.
What are some of the factors that affect stamp duty charges in Haryana?
Gender of the owner
The gender of the owner plays a key role in determining stamp duty charges in Haryana. Women pay a considerably lower stamp duty fee than men in Haryana.
Age of the property
In Haryana, like everywhere else, older properties attract lower stamp duty charges than newer properties.
Age of the owner
In India, senior citizens are required to pay lower stamp duty charges than young adults and Haryana is no exception.
Type of property
In general, commercial properties attract higher stamp duty than residential properties.
Location of property
Properties located in the centre of the city or other prime locations always attract higher stamp duty than properties located on the outskirts.
Amenities
Properties with more amenities, such as a swimming pool, basketball court, gym, pool house, etc., attract higher stamp duty than properties with basic amenities.
How are property registration charges calculated in Haryana?
Both men and women must pay the same registration fee in Haryana and the fee to be paid depends on the value of the property one is buying.
For properties valued between Rs. 5 lakh and Rs. 10 lakh, the Haryana government charges flat Rs. 5000 as registration fee, and for properties valued between Rs. 10 lakh and Rs. 20 lakh, this fee increases to Rs. 10,000. For properties valued between Rs. 20 lakh and Rs. 25 lakh, one must pay Rs. 12,000 as a registration fee and for properties priced above Rs. 25 lakhs, the registration fee increases to Rs. 15,000.
How is stamp duty calculated in Haryana?
Calculating stamp duty in Haryana is quite easy. Men must pay 7% and women must pay 5% of the transaction value as stamp duty.
If you find calculations tricky, we recommend that you use a Stamp Duty Calculator to do the calculations for you. The stamp duty calculator is easy to use and free online tool that anyone can access anytime and from anywhere.
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