Stamp Duty And Registration Charges in Pune (2024)

Pune is one of the most popular cities in India, and its property market attracts many investors. Knowing what charges or taxes you will pay when buying or selling a property can be an important part of the process. Stamp duty in Pune varies depending on the type of transaction and the location where it takes place.

In this blog post, we'll cover everything you need to know about stamp duty and registration charges in Pune. We'll explain what these fees are, who has to pay them, and which rates apply in 2023. So if you're planning on transacting real estate in Pune this year, read on for all your tax-related information.

Stamp Duty And Registration Charges In Pune In 2023

The rates of stamp duty and registration charges in Pune are set to increase in 2023. The current rates are:

Stamp duty rate in Pune

• 7% for male (5% stamp duty + 1% local body tax + 1% metro cess)
• 6% for female (4% stamp duty + 1% local body tax + 1% metro cess)

Registration charges in Pune

• 1% for both males and females for properties costing below INR 30,00,000.
• INR 30,000 for both males and females for property costing above INR 30,00,000.

How To Calculate The Stamp Duty And Registration Charges In Pune?

1. Calculate the value of your property: To calculate the stamp duty in Pune, you need to first calculate the value of your property. The value of your property is calculated by taking into account the carpet area, age of the property, location, and other factors.

2. Stamp duty rates in Pune: The current stamp duty rates in Pune vary from 6% to 7%.

3. Registration charges in Pune: The registration charges in Pune are 1% of the value of your property, or INR 30,000.

How Can I Pay Stamp Duty In Pune Online?

Paying stamp duty in Pune is now possible through the city's official website. The site offers an online payment gateway that accepts all major credit and debit cards. If you are a registered user, you can also pay through your net banking account. The process is simple and convenient, and you can make the payment from the comfort of your home or office.

To pay stamp duty in Pune online, visit the city's official website and click on the "Online Payment" link. On the next page, select "Stamp Duty" from the drop-down menu. Enter the required details and choose your mode of payment. You will then be redirected to the payment gateway, where you can complete the transaction using your credit or debit card.

Points To Consider Before Paying Stamp Duty in Pune

1. The amount of stamp duty you need to pay depends on the value of the property.

2. If you are buying a property in the name of a male, then you need to pay 1% of the total value as registration charges.

3. Females are subject to a 6% stamp duty.

4. Properties worth less than INR 15 lakhs are exempt from stamp duty charges in Pune.

5. In addition to stamp duty, you also need to pay registration charges when buying a property in Pune.

6. The registration charges are 1% of the total value of the property for properties worth up to INR 30 lakh.

7. The registration fee is INR 30,000 for properties worth more than INR 30 lakhs.

Stamp Duty For Property Registration For Women Homebuyers

Under the policy, women homebuyers will only have to pay 6% of the total value of the property as stamp duty, as opposed to the standard rate of 7%. This will result in a saving of 1% on the total cost of registration. The policy is applicable to both residential and commercial properties.

The move is part of the state government’s initiative to promote gender equality and the empowerment of women. It is also in line with the Union Government’s ‘Housing for All by 2022’ mission, which aims to provide affordable housing to all citizens.

Conclusion

In conclusion, stamp duty and registration charges in Pune are constantly changing. It is important to be aware of all the applicable charges before entering into any property transaction. The market in Pune is growing at an exponential rate, and there are many factors that influence this growth. Property prices have increased significantly over the past few years, and it is important for buyers to understand what they should expect when purchasing a property here.

If you are looking to buy a house in Pune, turn to SMFG Grihashakti’s housing finance options. With interest rates starting only from 9.5%* for salaried individuals and 10.5%* for self-employed candidates, check your EMI obligations through our calculator and apply now.

Must Read: Stamp Duty and Property Registration Charges in Mumbai