Stamp Duty in Kerala

Stamp Duty and Property Registration Charges in Kerala

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When you are looking to buy real estate in Kerala, you must consider the charges that are levied for stamp duty in Kerala as they can significantly affect the total cost of the property.

 

Additionally, your property must be registered and there are charges for this too. Both these fees are mandatory. Stamp duty is actually a tax that must be paid to the government of the state when you buy real estate in a given state. It is computed as a fixed percent of the purchased property’s market value. As for the registration fee, it is charged to get your new property registered in your name.

What is Stamp Duty in Kerala?

Stamp duty in Kerala is a tax that the Government of Kerala will charge you based on a percentage of the value of the property you buy. This percentage is fixed by the state government. Several factors may affect stamp duty charges in Kerala, and these may range from rebates for senior citizens and concessions for women home buyers in certain cases.

Stamp Duty and Registration Charges in Kerala

It is vital for you to be aware of stamp duty and registration charges in Kerala in order for you to prepare your budget to buy a property in the state. The charges for stamp duty and registration are shown in the table below for different categories of buyers:

Category of Buyer

Stamp Duty

Registration Fees

Women

8%

2%

Men

8%

2%

Joint Buyers

8%

2%

How Is Stamp Duty in Kerala Calculated?

The charges and fees are levied as per the fair value, or value, of the property concerned, whichever of these is the higher value. This can best be explained by an illustrative example:

 

  • The Value of a given property amounts to Rs. 50 Lakhs.

  • Therefore, the stamp duty of the property is 8% of property value of Rs. 50 Lakhs which is Rs. 4 Lakhs

  • The registration charges are 2% of property value of Rs. 50 Lakhs which is Rs. 1 Lakhs

  • The total cost of stamp duty and registration in Kerala is Rs. 5 Lakhs

Online Process of Land Registration in Kerala and Stamp Duty Payment

The registration of a new property can be undertaken offline and online in Kerala. The online process is convenient and can be undertaken with speed and accuracy via these steps:

 

  • Step 1: Visit the Dept of Registration website at Registration Department - keralaregistration.gov.in

  • Step 2: Locate ‘Online Application’ and you will be redirected to enter your details. You have to submit this.

  • Step 3: You will get an ID to login.

  • Step 4: After this, you have to locate the ‘Available Token’ under the field ‘Online Token Registration’.

  • Step 5: You have to select your time slot to submit your documents in the Office of the Sub Registrar.

  • Step 6: After you select an appointment, you have to pick a ‘transaction type’. In case your registration fee is above Rs. 1 Lakh, select the payment form of ‘E-stamp’.

  • Step 7: Once you are directed further, you will have to enter details of the new property.

  • Step 8: Complete your E-verification.

  • Step 9: Pay your amount due.

  • Step 10: Select the option of online payment and choose the ‘Stamp Duty and Enrolment Fee’ tab. Get an ID for your transaction and do a verification of contact information.

  • Step 11: Confirm the appointment to submit documents at the Office of the Sub Registrar. 

  • Step 12: Go on the date of the appointment and submit your documents.

Documents Required for Property Registration in Kerala

You must submit certain documentation in support of your property ownership if you wish to undertake registration and pay stamp duty in Kerala. Here is the documentation required:

 

  • Property Deed of Sale

  • MC Assessment or Mutation Document

  • Aadhaar/PAN Cards

  • No Objection Certificate

  • The ID proof of two witnesses

  • The plan and description of your property

  • A photograph of the property

Factors Affecting the Stamp Duty in Kerala

Stamp duties may be influenced by many factors in certain states of India. However, these are how these factors affect the stamp duty in Kerala:

 

  • Property Type - There is a difference in stamp duty to be paid on commercial property compared to residential property.

  • Property Location - According to the location of the property, stamp duty may change.

Tax Benefits on Stamp Duty in Kerala

Stamp duty and registration in Kerala is applicable for a tax deduction of up to Rs. 1.5 Lakhs. This tax benefit is applicable according to the Section 80C of the Indian Income Tax Act of 1961. Nonetheless, this deduction is only applicable to brand new properties, and not on ownership plots, resale of homes, or commercial real estate. 

 

Conclusion

Stamp duty is one of the taxes that must be paid to the state government at the time of property registration. You must pay the full stamp duty as applicable on your property to avoid legal repercussions. If you are planning to buy a new house in Kerala, you can easily apply for a house loan at Bajaj Markets with interest rates starting at 10.49%. The approval process is also easy, and more often than not, can be completed without tedious documentation.

Stamp Duty in Kerala FAQs

  • ✔️What are the stamp duty and registration charges in Kerala?

    Stamp duty charges in Kerala is 8% of the value of the property, and registration fees is 2% of the value of the property.

  • ✔️Which department regulates the registration process in Kerala?

    The Department of Stamps and Registration regulates the process of registration in Kerala.

  • ✔️How do I register property in Kerala?

    You can register property in Kerala by offline or online modes, and the online mode is driven by a convenient menu. In the offline process, you have to visit the Office of the Sub Registrar. 

  • ✔️Do I need to upload any documents during the land registration process?

    Although you may opt for online registration, you do not have to upload documents, but physically submit them at the Sub Registrar's Office.

  • ✔️Can I pay stamp duty charges in Kerala online?

    You can pay stamp duty charges in Kerala online through the process of online registration.