Stamp Duty in Haryana for Property Registration (2024)

If you are looking to buy a property in Haryana, then you must know about the legal process involved. The initial steps in the process of property acquisition involve deciphering various costs; including Haryana stamp duty, registry charges in Haryana, and other expenses. The stamp duty in Haryana is competitive, making it an attractive destination for investors, entrepreneurs, and home buyers. Read this article carefully.

The Latest News On Stamp Duty In Haryana

Real estate regulations and duties undergo constant revisions. If you're looking to invest in property in Haryana, it's crucial to be aware of the most recent Haryana stamp duty rates and regulations. These rates and rules are crucial as they significantly affect the overall cost of acquiring a property. These changes in these rates are affected by governmental policies and market dynamics.

Stamp Duty In Haryana

Stamp duty in Haryana is a legal tax paid to the state government when a property transaction occurs. It is calculated based on the market value of the property or the agreement value, whichever is higher. It ranges from 5% to 8% depending on your gender, the area of land, whether or not the area is urban or rural, etc.

Special Consideration: Stamp Duty Charges In Haryana For Females

In an effort to empower women property buyers, the Haryana government provides special stamp duty concessions. Women who wish to buy property in Haryana can enjoy a lower stamp duty in Haryana for females. This is a great incentive and should be taken into consideration during the property buying process.

Things To Consider While Calculating Stamp Duty In Haryana

Calculating stamp duty requires careful consideration of several factors. These include:

• The type of property
• Its location
• The property's market value
• Buyer’s gender
• Urban or rural location

Remember that the stamp duty will be calculated on the higher value between the market value and agreement value of the property. For instance, if you are purchasing a property with a market value of INR 1 crore but the agreement value is INR 90 lakhs, the stamp duty will be calculated on the market value of INR 1 crore.

Must Read: Stamp Duty and Registration Charges in Pune (2023)

Registration Charges In Haryana 2023

In addition to stamp duty, there are also property registration charges in Haryana. These charges are another fee paid at the time of registering a property with the relevant authorities. The registration charges in Haryana are a certain percentage of the market value or the agreement value, whichever is higher.

Documents Required

Property registration in Haryana requires several crucial documents. These include:

• Identity Proof for seller and buyer
• Address Proof
• Property ownership documents
• Property tax payment receipts

How To Book A Slot For Property Registration in Haryana

Navigating the process of property registration can feel like a difficult task. However, advancements in technology have streamlined this process, allowing you to book a slot for property registration in Haryana online. The first step is to visit the official website of the Haryana Land Registration and Property Registration Department.

• For first-time users, it is necessary to create a user account on the website. You'll need to fill in details such as your name, contact information, and create a secure password. Once your account is created, you can log in using your credentials.
• After logging in, navigate to the ‘Services’ section and select the option to book an appointment.
• You will need to input details about the property that you are registering. This includes the location of the property, type of property (residential, commercial, or industrial), and other relevant details.
• The system will then display available dates and times for you to choose from. Select a date and time that suits your convenience for the property registration process.
• Once you have chosen a date and time, confirm your appointment. A confirmation message will be sent to your registered mobile number and email address.
• On the day of the appointment, ensure that you arrive at the registration office with all the necessary documents.

Tax Benefits

There are certain tax benefits associated with stamp duty and registration charges in Haryana. Under Section 80C of the Income Tax Act, the amount paid as stamp duty can be claimed as a deduction from your taxable income in the year of purchase.

Conclusion

It may appear challenging to understand the complexities of Haryana's stamp duty and registration fees. The goal of SMFG Grihashakti is to make the process of buying a home as easy as possible. If you’re looking for a home loan to buy a property in Haryana, turn to SMFG Grihashakti’s affordable interest rates and comfortable repayment tenures of 30 years. With minimum documentation and no hassle, this can be a financially rewarding experience.

Also Read: Stamp Duty and Registration Charges in Delhi (2023)