stamp duty in assam | registration charges in assam | online land registration in assam | documents required for land registration in assam
Stamp Duty in Assam:-
This Act may be called the Assam Stamp (Amendment) Act, came into force on the first day of April 1950.
Stamp duty and registration fees are obligatory costs in Assam for property transfers and registration. In Assam, stamp duty on land purchases certifies that the property deed is registered in the state government’s records. Property registration charges in Assam are paid to complete the registration procedure of registering the land or property in the buyer’s name.
The state government determines and collects stamp duty and registration fees. These fees contribute to the state government’s revenue. It is necessary to pay stamp duty and registration within the time frame specified. In the event of non-payment of stamp duty and registration fees in Assam, the state government would issue a punishment in accordance with the laws.
Stamp Duty in Assam and Registration Charges
Purchasing property in the state of Assam is prohibitively costly due to hefty government levies. Assam has higher stamp duty and registration charges than the majority of other Indian states. Previously, Assam’s stamp duty for property registration was 8%, with registration fees of 8.5%. Following persistent pressure from real estate professionals over Assam’s high stamp duty, which was negatively harming real estate growth, the state government reduced stamp duty costs for all property transactions.
The current stamp duty on land purchases is 6% for males and 5% for women. Property registration fees in Assam are 8.5% for both men and women for properties valued at more than Rs 5 lakh. The state government’s Department of Revenue and Disaster Management has now made it easier to pay stamp duty by purchasing e-stamp paper. Property transactions for more than Rs. 1 lakh shall be reimbursed only with an e-stamp, according to the Assam Amendment to the Indian Stamp Act, 1989.
Stamp Duty and Registration Charges in Assam
| Property Owner | Stamp Duty | Registration Charge |
| Man | 6% | 8.5%* |
| Woman | 5% | 8.5%* |
| Note=> *On property above INR 5 lakh. | ||
Stamp Duty and Registration Charges Affecting Factors
We all know that the market value of the property is included when calculating the stamp duty. However, a few factors influence these charges:-
- Age of the Buyer: Senior citizens are not presently entitled to discounts in Assam; however, the government may reduce rates for elderly citizens in the future.
- Use of the Property: Stamp duty and registration fees may differ between commercial and residential properties. Commercial property charges are often higher.
- Location of the Property: The stamp duty rate may fluctuate depending on the location of the property.
How to Pay Stamp Duty in Assam?
There are now three options for paying stamp duty in Assam:-
Non-judicial stamp papers:- The contents of the property agreement are written or printed on a non-judicial stamp paper in the event of a non-judicial stamp paper payment method. Property purchasers can get stamp papers from government-approved suppliers. After ensuring the validity and correctness of the property paperwork, government officials will sign it. The cost of stamp papers will be the same as the stamp duty in Assam.
Franking:- The buyer will send the paperwork with the details of the property agreement to the bank together with the stamp duty fee through the franking procedure. At the moment, only a few banks have the authority to conduct franking transactions. Furthermore, the bank agents charge the customer an extra service fee to complete the operation.
E-Stamping:- This is a digital or online means of paying stamp duty on Assam land purchases. You can do so by visiting the Stock Holding Corporation of India Limited (SHCIL) website at www.shcilestamp.com. After viewing the website, the property buyer may pay stamp duty in Assam using several ways such as RTGS, NEFT, check, cash, and demand draught deposit at any of SHCIL’s branch offices.
Required Documents
In Assam, the following papers are required for stamp duty and registration fees:-
- ID proof of buyer and seller.
- NOC on the transaction of the property for registration.
- Assessment Patta of property.
- Consent for property transfer through lease, mortgage, gift, and sale.
- Other important land-related documents.
- Permission for Transfer of Property by Mortgage, Lease, Gift, and Sale.
Verify e-Stamp Paper in Assam
To verify the Assam e-Stamp Paper to pay stamp duty in Assam follow the steps given below:-
- First, visit the portal of the Stock Holding Corporation of India (SHCIL) at https://www.shcilestamp.com/.
- On the home page, click on the verify e-Stamp certificate tab.
- Now a new page will open on your screen.
- Here, choose the state name, i.e. Assam,
- Then, fill in all the required information such as certificate number, stamp duty type, and certificate issued date.
- Finally, click on the verify button to get verification of the e-stamp.
Why use e-stamp paper for property registration in Assam?
The e-Stamp paper may be used to pay stamp duty on all forms of property transactions in Assam. This includes any document that requires the payment of stamp duty. In Assam, these papers include lease deeds, mortgage deeds, conveyance deeds, exchange deeds, sale deeds, division deeds, license agreements, powers of attorney, and gift deed stamp duties.
The following are the advantages of paying stamp duty in Assam online using e-stamp paper:-
- The e-stamp paper is a convenient method of paying taxes during property registration.
- The implementation of e-stamp paper eliminates the need for non-judicial stamp papers for property deed registration.
- For the convenience of purchasers, every aspect of the Assam stamp duty cost and property registration taxes is available on a single web platform.
- The online e-stamp purchase procedure for paying stamp duty in Assam makes property registration quick and easy.
- The e-stamp sheets used in Assam to pay stamp duty are tamper-proof.
- For the usage of e-stamp paper, establishing authenticity and legalization becomes a simple operation.
NOC for Sale of Land in Assam
In Assam, anyone who desires to sell a piece of land or who owns land and intends to sell it later must obtain an NOC from the Guwahati Municipal Development Authority (GMDA). To obtain the NOC for the sale of land in Assam, the government requires a processing fee.
| Transaction Type | Fees & Charges |
| Sale or Transfer of Land | 1 percent of total land value minus the value of the building. |
| Sale or Transfer of Flat or Apartment | 1 percent of the total value of the land |
The following documents are necessary to obtain the NOC from the GMDA. These documents contain:-
- A tracing map,
- The commissioner’s authority to sell property,
- Ownership data,
- A layout design, and
- Passport-size images.
Tax Benefits on Stamp Duty in Assam
First-time homeowners can save up to Rs 1.5 lakh on stamp duty and registration fees. Section 80C of the Income Tax Act of 1961 allows for the tax deduction. However, the deduction is only available for newly constructed dwellings; it cannot be utilized for previously held buildings or enterprises.
Contact Details
An Assam citizen can give feedback on any of the following:-
- Officer Address: Rajah Bhawan Rupnagar, Guwahati-32, Assam
- Telephone number: 03613589077
- Email Id: [email protected]
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