An Overview of Stamp Duty and Property Registration Charges in Haryana 2024

Buying property is a significant milestone in one's life, but it also comes with various financial considerations. In Haryana, similar to other states in India, stamp duty and property registration charges play a crucial role in the property buying process. 

As of 2024, understanding these charges is essential for anyone looking to invest in real estate in the state. So let us get a brief idea on stamp duty and property registration charges in Haryana 2024.

What is the Stamp Duty In Haryana?

In Haryana, whether acquiring a new property or transferring ownership, registering it with the state government is mandatory. This process entails submitting documents and paying stamp duty and registration charges. Stamp duty rates vary for different transactions, such as Sale Deeds and Mortgage deeds. 

To facilitate a comprehensive understanding, this article delves into the documentation requirements for registration, outlines the online registration process, and provides insights into other pertinent aspects of stamp duty in Haryana. Ensuring compliance with the state's registration requirements is crucial for individuals or entities involved in property transactions in Haryana.

Stamp Duty and Registration Charges in Haryana in 2024

Stamp duty charges in Haryana for land registry check vary depending on the type of document and the area - urban or rural. 

Jurisdiction	Male	Female	Joint
Urban Area	7%	5%	6%
Rural Area	5%	3%	4%

The following are the revised property registration charges in Haryana in 2024:

Property value	Registration charge*
Up to Rs 50,000	Rs 100
Rs 50,001 to Rs 5 lakhs	Rs 1,000
Rs 5 lakhs to Rs 10 lakhs	Rs 5,000
Rs 10 lakhs to Rs 20 lakhs	Rs 10,000
Rs 20 lakhs to Rs 25 lakhs	Rs 12,500
Rs 25 lakhs	Rs 15,000
Rs 25 lakh- Rs 40 lakh	Rs 20,000
Rs 40 lakh- Rs 50 lakh	Rs 25,000
Rs 50 lakh-Rs 60 lakh	Rs 30,000
Rs 60 lakh-Rs 70 lakh	Rs 35,000
Rs 70 lakh-Rs 80 lakh	Rs 40,000
Rs 80 lakh-Rs 90 lakh	Rs 45,000
Rs 90 lakh and above	Rs 50,000

How to Calculate the Stamp Duty and Registration Charges in Haryana?

Consider a property located in a locality with a circle rate of Rs 80,000 per square metre. The property in question spans 2,000 square metres, with a total value of Rs 1,60,00,000.

Stamp Duty Calculation:

Stamp Duty = 5% of Rs 1,60,00,000 = Rs 8,00,000

Therefore, the stamp duty payable for this property transaction in Haryana amounts to Rs 8,00,000.

Registration Charges Calculation:

Property registration charges in Haryana are typically 1% of the property cost.

For this property:

Registration Fees = 1% of Rs 1,60,00,000 = Rs 1,60,000

Thus, the registration fees for a property valued at Rs 1,60,00,000 in Haryana would be Rs 1,60,000.

Read also- Decoding Stamp Charges: Meaning, Rates, and much more

Stamp Duty in Haryana for Various Deeds

Here's a simplified representation of the stamp duty charges in Haryana for to get land registry documents in urban and rural areas:

Documents	Urban Area	Rural Area
Gift Deed	5%	3%
Sale or Conveyance Deed	7%	5%
Exchange Deed	8% of the property value or market value, whichever is greater	6% of the property value or market value, whichever is greater
Property Loan Agreement	Rs 100	Rs 100
Partnership Deed	Rs 22.50	Rs 22.50
General Power of Attorney	Rs 300	Rs 300
Special Power of Attorney	Rs 100	Rs 100

How to Pay Stamp Duty and Registration Fees in Haryana (2024)?

Paying stamp duty and registry rates in Haryana can be conveniently done through both online and offline modes by buyers.

For Online Registration:

• Visit the official website of the National Government Service Portal.
• Navigate to the Haryana e-Stamping section.
• Fill in the details of the first party, including the payer of stamp duty and the property address.
• Provide the names of both the first and second parties involved.
• Select the appropriate category of stamp paper and the desired amount from the provided list.
• Review the filled form and proceed to make the payment online.

For Offline Registration:

• Buyers can purchase stamp papers worth over Rs. 10,000 from the treasury office.
• Deposit the purchased stamp papers under the head ‘0030-Stamp and Registration’ in the State Bank of India.

Read also- Stamp Duty And Registration Charges In Punjab In 2024

Factors that Affect Stamp Duty Charges In Haryana

Several factors contribute to the calculation of stamp duty in Haryana:

• Gender of the owner: Stamp duty charges are lower for females compared to males in Haryana. The state government incentivizes women homebuyers by providing rebates on stamp duty, aiming to promote gender equality in property ownership.
• Location of property: Stamp duty rates vary based on the property's location, with higher rates applicable in urban areas and lower rates in rural areas, similar to property loan interest rates. Urban and posh areas generally command higher property prices, resulting in elevated stamp duty charges.
• Property Type: Stamp duty rates differ for residential, commercial, and industrial properties in Haryana. Each property type is subject to its own stamp duty calculation, reflecting the unique market dynamics and value propositions.

Conclusion

Understanding the intricacies of stamp duty and registration charges in Haryana is essential for individuals engaging in property transactions. From considering factors such as gender, location, property type, and amenities to exploring the payment methods, navigating through these aspects ensures compliance and informed decision-making. 

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Frequently Asked Questions

1. Is it mandatory to register property in Haryana?

Yes, it is mandatory to register property in Haryana, whether it is a new acquisition or a transfer of ownership. The registration process involves submitting required documents and paying stamp duty and registration charges to the Haryana government.

2. How long does it take to complete the stamp duty and registration process in Haryana?

The time taken to complete the stamp duty and registration process in Haryana may vary depending on various factors, including document verification and processing times. Generally, it may take a few days to a couple of weeks to complete the entire process.

3. What is the Stamp Duty Rate for Property Purchase in Haryana?

Stamp duty rates for property purchase in Haryana vary depending on the type of document and the property's location (urban or rural). For example, for sale or conveyance deeds, the stamp duty rate in urban areas is 7%, while in rural areas, it is 5%.

4. Can Stamp Duty be paid in instalments in Haryana?

No, stamp duty in Haryana cannot be paid in instalments. It must be paid in full at the time of property registration. Failure to pay stamp duty on time may result in penalties as per the relevant regulations.