Particulars of a present deed

Registration Dept. tightens norms to prevent fraud

G. Shyam Sundar writes on stamp obligation registration payment costs for the settlement deed throughout India

The settlement deed or reward deed is a doc executed by the settler of the property in favour of the settlee. Every State has prescribed sure charges for stamp obligation, registration, and the settlement deed.

The fees fluctuate in every State in India.

    

 

 

      

 

 


Sl.No

 

 


STATE

 

 


STAMP DUTY CHARGES

 

 


REGISTRATION FEES

 

 

1

 

 

Andhra Pradesh

 

 

2% of Market Worth (in favour of members of the family)

 

 

 

 

 

 

 

 

5% of Market Worth (in favour of outsiders)

 

 

1% of Market Worth topic to a minimal of Rs.1000 and most of Rs.20000/-

 

 

 

 

 

1% of Market Worth

 

 

2

 

 

Bihar

 

 

5.7% of Estimated Minimal Worth (for females) and 6.3% of Estimated Minimal Worth (for males)

 

 

1.9% of Estimated Minimal Worth (for females) and a pair of.1% of Estimated Minimal Worth (for males)

 

 

3

 

 

Delhi (UT)

 

 

4% of Circle charges (if donee is ladies) and 6% of Circle charges (if completed is male) 

 

 

 

 

 

1% of Circle fee

 

 

4

 

 

Gujarat

 

 

4.9% of Market Worth or Consideration (whichever is greater)

 

 

1% of Market Worth or Consideration whichever is greater

 

 

5

 

 

Haryana

 

 

3% of Collector fee (outdoors MC areas) and 5% of Collector fee (in MC areas)

 

 

0.5% of Collector fee topic to a most of Rs.15000/-

 

 

6

 

 

Himachal Pradesh

 

 

4% of Circle charges (if donee is ladies) and 6% of Circle charges (if completed is male) 

 

 

2% of circle charges topic to a most of Rs.25000/-

 

 

7

 

 

Jharkhand

 

 

2% on worth of the Deed

 

 

2% on worth of the Deed

 

 

8

 

 

Karnataka

 

 

Rs.1000/- (if inside member of the family) and 5.6% of Market Worth (favouring non member of the family)

 

 

Rs.500/- (if inside member of the family) and 1% of Market Worth (for non member of the family)

 

 

9

 

 

Kerala

 

 

Rs.1000/- (if inside member of the family) and 5% of Honest Worth of land (favouring non member of the family)

 

 

1% of Honest Worth of land

 

 

10

 

 

Madhya Pradesh

 

 

2.5% on Market Worth Guideline

 

 

0.8% on Market Worth Guideline

 

 

11

 

 

Maharashtra

 

 

5% (Municipal Company areas), 4% (Municipal Council and MMRDA areas) and three% (rural and different areas) – 1% Surcharge for all Properties besides these situated in Mumbai and Mumbai Suburban District 

 

 

1% of Guideline/Market Worth topic to a most restrict of Rs.30000/-

 

 

12

 

 

Odisha

 

 

5% of Benchmark worth fee (ie market fee)

 

 

2% of benchmark worth fee (ie market fee)

 

 

13

 

 

Puducherry (UT)

 

 

Rs.5000/-

 

 

0.5% of Guideline worth

 

 

14

 

 

Punjab

 

 

NIL (if inside member of the family) and 5% of Collector fee (favouring non member of the family)

 

 

1% on Collector fee (max Rs.200000/-)

 

 

15

 

 

Rajasthan

 

 

5% (favouring males) on DLC charges (ie market charges)

 

 

4% (for females aside from SC/ST/BPL)

 

 

3% (for females – SC/ST/ BPL)

 

 

2.5% (favouring members of the family viz father, mom, sister, daughter-in-law, son, grandson, grand daughter, brother and husband) 

 

 

1% of DLC charges (favouring spouse or daughter) or Rs.1,00,000/- (whichever is much less)

 

 

NIL (favouring a widow for Present of Property executed by her kinfolk)

 

 

1% on DLC charges
                              

16

 

 

Tamil Nadu

 

 

1% of Guideline Worth topic to a most of Rs.25000/- (favouring members of the family)

 

 

 

 

 

8% of Guideline Worth (favouring non members of the family)

 

 

1% of Guideline Worth topic to a most of Rs.4000/- (favouring members of the family)

 

 

 

 

 

 

 

 

1% of Guideline Worth (favouring non members of the family)
                              

17

 

 

Telangana

 

 

3% of Market Worth (in favour of members of the family)

 

 

 

 

 

 

 

 

6% of Market Worth (in favour of outsiders)

 

 

0.5% of Market Worth topic to a minimal of Rs.1000 and most of Rs.20000/-

 

 

 

 

 

0.5% of Market Worth

 

 

18

 

 

West Bengal

 

 

0.5% of Market Worth (in favour of members of the family)

 

 

 

 

 

Stamp obligation relevant for Sale Deed shall be levied for any Present Deed executed in favour of outsiders

 

 

As much as Rs.5000/-  Rs.9/-

 

 

Above Rs.5000/- 1.1% of Market Worth 

Factors to recollect:

1. Be sure that the stamp obligation prescribed by the State has been paid within the reward settlement deed.

2. Signatures of the settlor should be affixed within the reward settlement deed. Some States, nonetheless, additionally insist upon the settlee to signal as a token of approval.

3. Examine whether or not the unique title deed doc belonging to the settlor has additionally been handed over to the settlee. The settlor has to allow the settlee for mutation of his/her identify within the income data by advantage of the settlement deed.

4. The settlor ought to have transferred full possession of the property and verify if he/she has retained any life curiosity over the property.

5. Guarantee the outline of the property (schedule of property) is so as.

6. Examine whether or not the settlee has accepted the deed of settlement by implication or by his/her actions.

The author is a Chennai-based advocate and creator of ‘Property Registration, Land Data and Constructing Approval Procedures Adopted in Numerous States in India.’

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