Land Registration Fee Tamil Nadu 2023: Stamp Duty

Land Registration Fee Tamil Nadu:-

Stamp duty and registration fees are important components of property registration. It is a fee that you must pay when you purchase the property. At the time of the property purchase, the state government imposes stamp duty and registration fees. This number varies from state to state. Similarly, if you purchased a property in Tamil Nadu, you must pay stamp duty in accordance with the Tamil Nadu Stamp Duty Act. This southern state has one of the highest stamp duty and registration fees in India.

Therefore, property buyers in Tamil Nadu should be prepared to spend a significant fee while registering the property. In most cases, a registration fee of around 1% of the property value is required. In Tamil Nadu, however, it is 4% of the property value.

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Latest Update:- Land Registration Fee Tamil Nadu

Stamp Duty and Registration Charges in Tamil Nadu Will be 9% of the Property Value

August 7, 2023:

The Tamil Nadu government has declared that the flat registration fee would henceforth be 9% of the property value. This means that the buyer will now have to pay 50% extra in property registration fees.

The stamp duty and registration fee for completed building properties will be 9%. This is the third fee increase by the registration department in the previous three years, including increases in the guideline value and additional services such as construction agreements and power of attorney.

Previously, property registration was charged in two parts, one for each undivided share (UDS) of land and the other for the construction agreement.

The Confederation of Real Estate Developers Association of India (CREDAI) has asked the government to reverse the hikes, claiming that they will hamper the real estate sector’s growth. These increases are likely to deter potential purchasers from investing in real estate.

GPS-Enabled Photo Documents Will Be Mandatory from October 1, 2023, for Land Registration in Tamil Nadu’s Tiruchirappalli (Trichy)

September 25, 2023:

The Department of Registration has made GPS-enabled picture documents mandatory for land and property registration in Tamil Nadu’s Trichy region from October 1, 2023.

The department has made it essential for residents to provide colored images of the land obtained using GPS-enabled equipment. These images supplement the previously supplied materials. The buyer or seller might personally visit the place to obtain the pictures.

The plan’s purpose is to decrease the registration of forged papers. It will also aid in the reduction of fraudulent real estate transactions. Furthermore, the Department of Registration has implemented a new regulation that requires a scanned copy of the advocate’s or document writer’s photograph to be attached to the document, along with their license number. This will aid in the certification that the documentation and draught have been appropriately verified.

Tamil Nadu Stamp Duty Act

A homebuyer is required to pay stamp duty and registration fees under the Indian Stamps Act, 1899, and the Tamil Nadu Stamp Act, 2019, if a property transaction is involved. Stamp duty is paid when a property is partitioned, leased, sold, or resold.

Land Registration Fee Tamil Nadu and Stamp Duty for Various Documents

The stamp duty and registration charges in Tamil Nadu vary for different documents and are as follows:–

Document Category	Stamp Duty	Registration Charges
Gift	5% of the market value of property	2% on the market value of property
Exchange	5% on the market value of the greater value	2% on the market value of the greater value property
Conveyance/ Sale	5% of the market	4% on the properties market value
Simple Mortgage	1% on the loan amount that is subjected to a maximum of Rs 40,000	1% on the loan amount that is subjected to a maximum of Rs 10,000
Mortgage with possession	4% on the loan amount	1% on the loan amount that is subjected to a maximum of Rs 2,00,000
Sale Agreement	Rs 20	1% on the Advance money (If possession is given, than 1% on the total amount is considered)
Agreement relating to building construction	1% of the value of construction or the consideration specified in the agreement whichever is higher	1% of the value of construction or the consideration specified in the agreement whichever is higher
Cancellation	Rs 50	Rs 50
Partition among family members	1% of the market value subject to a maximum of Rs 25,000 for each share	1% subject to a maximum of Rs 4,000 for each share
Non-family members partition	For separated shares, around 4% of the market value of the property is considered	For separated shares, 1% of the market value of the property is considered
General Power of Attorney (POA) to sell immovable property	Rs 100	Rs 10,000
General POA to sell immovable property (power is given to family members)	Rs 100	Rs 1,000
General POA to sell a movable property for other purposes	Rs 100	Rs 50
General POA given for consideration	4% on consideration	1% on consideration or Rs 10,000, whichever is higher
Partnership deed where the capital is within Rs 500	Rs 50	1% of the capital invested
Partnership deed in other cases	Rs 300	1% of the capital invested

Let us understand with an example how stamp duty and registration charges are calculated:-

A house buyer paid Rs 30 lakh for a property, on which he must pay 7% stamp duty and 4% registration fees. A buyer must pay 11% (7% stamp duty and 4% registration fees) of Rs 30 lakh, which is Rs 33,000 in stamp duty and registration fees. A total of 3,33,000 Rs has to be paid.

TN Settlement Deed Registration

In the event of immovable property, the registration of a settlement deed is required in Tamil Nadu. Only the registered document is valid. To register a settlement deed in Tamil Nadu, you would require an original title document (including Patta), an encumbrance certificate, the parties’ identification verification, and Aadhaar proof. You will also be required to pay registration fees and stamp duty. Stamp duty is 1% of the market value of the property, with a maximum of Rs 25,000, while registration costs are 1% of the property value, with a maximum of Rs 4,000.

Tamil Nadu Stamp Duty Payment Offline Process

In Tamil Nadu, you can pay stamp duty by visiting the city’s sub-registrar’s office. You must submit an application and pay a stamp duty certificate. You can pay using cash, check, demand draught, NEFT, RTGS, or debit or credit card.

Stamp paper can be purchased from a treasury or franked. Franking is a way of stamping documents. A stamp on a document signifies that it is legal. You may have to pay franking fees to have the document stamped.

Pay Stamp Duty Online

You may also pay stamp duty and registration fees in Tamil Nadu online. The Stock Holding Corporation of India Limited (SHCIL), a central record-keeping agency (CRA), offers an e-stamping service for this purpose. The government of India designates an agency to provide e-stamp certifications.

Go to the official website of SHCIL website.
Now, click on verify e-stamp certificates services
Then select Tamil Nadu State.
After that, fill out the application form and click on the Download option.
Now, the buyer has to take this form to the nearest SHCIL branch of any city in Tamil Nadu
At the branch, payment can be made using NEFT, RTGS, Cheque, Cash, Demand Draft, or account-to-account transfer.

Required Documents

Please see the list of papers required for property registration, as well as stamp duty and registration taxes in Tamil Nadu, below:-

Identity proof of both the property owner
Identity proof of all the witnesses
PAN Card of the property owner
Two passport-sized photographs of the property owner
No Objection Certificate
Stamp Duty Receipt
Power of Attorney
Sale deed
Municipal Tax Bills

Important Things About Tamil Nadu Stamp Paper

Here are some crucial factors to remember before registering property in Tamil Nadu:-

In Tamil Nadu, stamp duty is required to validate a property registration agreement.
It serves as a legal document for establishing property ownership.
This document is admissible in court for legal purposes.
Tamil Nadu requires the payment of stamp duty. Otherwise, you will be unable to claim property ownership.
You must obtain a Non-Judicial Stamp paper from the court or Treasury.
In Tamil Nadu, there is no provision for e-stamp paper.

Way of Pay Stamp Duty in Tamil Nadu

If you buy a house in Tamil Nadu, you must pay the stamp duty within four months after the execution. The period for property registration in Tamil Nadu, according to the Tamil Nadu Stamp Duty Act, is as follows:

25% of registration charge in up to one week
75% of registration charge between one week to one month
100% of registration charge between one month to four months

Contact Details

Find the contact information for the Tamil Nadu Department of Stamp Duty and Registration Charges listed below:-

Email Address: [email protected]
Registered Office Address: 301, Center Point, Dr Babasaheb Ambedkar Road, Parel, Mumbai- 400 012
e-Stamping Operations Office Address: SHCIL House, Plot No. P-51 T.T.C Industrial Area, MIDC, Mahape, Navi Mumbai – 400 710.