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Know about Registration Charges in Hyderabad

Stamp Duty and Registration Charges in Hyderabad

All You Need to Know About Stamp Duty in Hyderabad

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Stamp Duty and Registration Charges in Hyderabad

Under the Stamp Duty Act of 1899, stamp duty is defined as the tax implemented by the Government of India when a transaction is made between two or more parties in connection with the transfer of ownership of properties. Each state has different rules and regulations regarding stamp duty and registration fees, which are greatly influenced by various factors such as the monthly market price, locality, etc.

 

As stated in Section 3 of the Stamp Act of India, 1899, everyone is required to pay stamp duty and registration fees during property purchase. Stamp duty payments are very important because the stamp duty receipt is a document that clarifies the transfer and ownership of the property under anyone. 

The Stamp Duty and Registration Charges in Hyderabad are mentioned below:

Under normal conditions, the stamp duty and registration charges are categorically defined for each property type in Hyderabad.

Corporations and Municipalities, Other Areas, Apartments and Flats

Fee Type

Registration Charges

Registration charge

0.5% of the property price

Stamp duty

4% of the property price

Transfer duty

1.5% of the property price

Stamp and transfer duty payable on

MV or consideration, whichever is higher

Stamp Duty and Registration Charges in Hyderabad

Situations

Registration Charges

Stamp Duty

Transfer Duty

Sale Agreement in Gram Panchayat

2% of the property price

5.50% of the property price

No Charges

Sale Agreement in other areas of Hyderabad

0.50% of the property price

5.50% of the property price

No Charges

Sale of apartments or flats

0.5% of the property price

4% of the property price

1.5% of the property price

Sale of apartment or flats along with possession

0.5% of the property price 

5.50% of the property price

(negotiable)

No Charges

Sale of apartments or flats without the possession

0.5% of the property price 

0.5% of the property price

No Charges

Sale of apartment or flats via the Power of Attorney

Rs. 2000/-

5.50% of the property price (negotiable)

No Charges

Certificate of Sale Deed

0.50% of the property price.

 

5% of the property price.

 

No Charges

Construction Agreement

0.5% of the property price.

 

0.50% of the property price.

 

No Charges

Conveyances Charges

0.50% of the property price.

 

5% of the property price.

 

No Charges

Documents Required for Property Registration in Hyderabad

A set of documents are required to be submitted to register the property under your ownership –

 

  • Identity Proof – Parties involved in the contract will have to submit an ID proof like Aadhaar Card, PAN card, Voter ID, etc. Both the seller and buyer will have to submit ID proof.

  • Proof of Payment – The parties will have to submit a payment proof of stamp duty and registration charges in the form of a receipt.

  • Witness – As a witness of this ownership transfer, two witnesses will be required with their ID proof.

  • Section 32A – Section 32A is a form that entails details about the claimants, executants, and witnesses.

  • Photograph – A clear picture of property in the frontal view.

  • Power of Attorney – The General or Special Power of Attorney is needed.

The documents need to be duly signed by the parties involved wherever applicable.

How to Calculate Stamp Duty and Registration Charges in Hyderabad

The basis of stamp duty calculation is different in all states of India. It is decided by the state government. There are also various rules regarding stamp duty like if there is any delay in payment from your side, you would be charged a penalty of 2% on a monthly basis in Hyderabad.

 

For example, if the floor size of the property in Hyderabad is 1000sq/m and the rate in that location is 5,000 per meter, then the calculation of stamp duty on the property would go as:

 

Price of Property= Carpet size*rate per meter

Therefore, the price of the property is Rs. 50, 00,000/-

The stamp duty rate is 4% of the property price in Hyderabad. Therefore 4% of the property price will be Rs. 2,00,000/- (4% of 50, 00,000)

The flat registration charges in Hyderabad is 0.5% of the property price, i.e. Rs 25,000/-

Thus the stamp duty and registration charges will be – Rs. 2, 00,000/- + Rs. 25,000/- = Rs. 2, 25,000/-

The price of the property in Hyderabad will be Rs. 52, 25, 000/-.

Factors that Influence Stamp Duty in Hyderabad

Though the stamp duty in Hyderabad is charged on all types of properties, including agricultural land, the final amount of the stamp duty and registration fees in Hyderabad depends on specific factors such as:

 

  • Property Structure and Purpose: The structure and purpose of the property for which the property will be used affect the stamp duty rate in Hyderabad. The amount is usually higher for commercial properties than that of residential properties.

  • Area and Location: The area and location of the property influence the stamp duty highly. The properties in Hyderabad and prime locations have to pay higher stamp duty and registration charges in Hyderabad than the properties in rural areas.

  • Price of the Property: The property’s price also plays a crucial role in the final stamp duty and registration fees in Hyderabad. Expensive properties have higher stamp duty and registration fees in Hyderabad and vice-versa.

  • Buyer’s Age and Gender: Government often offers special concessions to female buyers. In the case of Hyderabad, the government has reduced the stamp duty by 1% for them. Age-based subsidiaries are also there for senior citizen buyers.

  • Property’s Condition: The property’s condition also contributes to the calculation of the stamp duty charged on it. The amount of stamp duty in Hyderabad is higher on newly constructed or renovated properties, and it would be lower on old constructions.

    Conclusion

    You are required by law to pay your stamp duties and other relevant charges while registering the humble abode you just bought. But, keep in mind that these charges could easily go up to a few lakhs of rupees, depending on the property value. However, you can always take care of these costs with a home loan. If you are thinking where to get one from, there is no need for you to look any further. You now can secure a home loan from a Bajaj Markets with just a few clicks. You can pay off a home loan given to you by a Bajaj Markets lending partner at affordable interest rates and over a time span as long as 30 years. All you will need to do is satisfy the housing loan eligibility criteria and see to it that all the home loan documents are at your disposal. Once that is taken care of, go ahead and apply for that  house loan right away!

Property Registration Charges in Hyderabad FAQs

  • ✔️What is the current stamp duty in Hyderabad?

    The state government has decided to offer 4% stamp duty, 0.5% registration charges, and 1.5% transfer charges on properties in Hyderabad.

  • ✔️What are the property registration charges in Telangana?

    The state government has decided to offer 4% stamp duty, 0.5% registration charges, and 1.5% transfer charges on properties in Telangana.

  • ✔️How do I pay stamp duty in Hyderabad?

    The stamp duty rates in Hyderabad can be paid online as well as offline. The parties can visit the nearest registrar’s office and submit charges to the sub-registrar. For online payment of stamp duty charges, you can go to the revenue portal of the Telangana Government. https://registration.telangana.gov.in