Stamp duty and registration charges in Punjab

tamp duty and registration charges are additional expenses that are levied on purchase or transfer of a property. These charges vary from State to State. 99acres.com shares the current stamp duty and registration charges in Punjab.

To fund water supply and environment improvement programmes in urban areas of the State, the Punjab government has recently hiked the stamp duty charges for properties located in urban areas by one percent. With this, the current stamp duty rate in Punjab is seven percent (7%). From now on, the revised rate would be levied on property registration/transfer of the immovable asset.

Stamp Duty in Punjab = 5% of the consideration value + 1% of SIC (Social Infrastructure Cess) + 1% of the consideration value (PIDB)

n case of mutual exchange of property in a family, stamp duty would be Rs 900, including Rs 100 (pasting fee), Rs 500 (facilitation fee) and Rs 300 (mutation fee).

If the property is transferred to a family member (blood relation), no stamp duty will be charged.

Read Now: How to pay stamp duty on property in India?

However, no change in registration fee was announced. It will remain the same at the rate of one percent.

What is the stamp duty for female buyers in Punjab?

To promote female home ownership, the State government charges only five percent (including PIDB) as the stamp duty on sale or transfer of a property to a woman.

Stamp duty and registration charges in Punjab

Gender Stamp Duty rates Registration Charges
Male

7%

1%

Female

5%

1%

Joint (Male + Female)

6%

1%

Joint (Male + Male)

7%

1%

Joint (Female + Female)

5%

1%

Source: Govt of Punjab

 

How to calculate stamp duty online in Punjab?
Stamp duty is charged on the market value (circle rate) or the consideration value of the property, whichever is higher. Consideration value is the amount involved in any purchase/sale transaction agreed between two parties (buyer and seller).

Stamp duty rates levied for property registration vary from State to State. Using the stamp duty calculator, a homebuyer can calculate the stamp duty charges levied on the property in different States and Union Territories (UTs) in India.

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