The state government in India is in charge of defining rules and standards and managing the collection procedure. Typically, a percentage of the total transaction value is determined as the tax to be imposed. Stamp duty is a significant fee that must be paid in the event of a transfer of ownership of property in legal documents. Under the Indian Stamps Act of 1899, the payment of stamp duty serves as evidence of record in cases of property disputes. Stamp duty and property registration fees in Telangana are mandatory if you buy a house in the state.
Read on to know more and learn about stamp duty and registration charges in Telangana.
Refer to the table below to find the various Stamp duty rates in Telangana
|Type of Fee||Payable Amount|
|Registration Fees||0.5% of the property’s value|
|Telangana’s Stamp duty charges||4% of the property’s value|
|Transfer Duty||1.5% of the property’s value|
|Stamp and Transfer duty are based on||MV or Consideration (whichever has the highest value)|
Telangana Stamp duty rates are the tax imposed by the State government when you buy a property from the seller. You would be considered the legal owner of the property only when you pay the stamp duty in full. It acts as proof of ownership in court, in case any legal dispute happens. Stamp duty charges vary from state to state and are also applicable on conveyance deeds, power of attorney papers, and sale deeds.
You have to pay stamp duty and registration charges in Telangana in the following scenarios:
|Type of Fee||Payable Amount|
|Registration Fees||0.5% of the property’s value|
|Telangana’s Stamp Duty Charges||4% of the property’s value|
|Transfer duty on home registration in Telangana||1.5% on the property’s value|
Details of the stamp duty and registration fees in Telangana in the case of gifts given are presented in the following table:
|Gift Type||Stamp Duty||Registration Charge|
|Gifts given to relatives||1%||0.5% (limited to a minimum of Rs 1,000 and maximum of Rs 10,000)|
|Gifts given in other cases||4%||0.5% (limited to a minimum of Rs 1,000 and maximum of Rs 10,000)|
There are different stamp duty charges in Telangana and registration fees that would vary according to the different types of partitions and settlements. Partition deed registration charges in Telangana can be found in the following table:
|Partition Type||Stamp Duty||Registration Charge|
|Partition among co-owners (family members)||0.5% on VSS, subject to a maximum of Rs 20,000||Rs 1000|
|Partition among co-owners (non-family members)||1% on VSS||Rs 1000|
|Settlement amongst members of a family||1%||0.5% (limited to a minimum of Rs 1,000 and maximum of Rs 10,000)|
|Settlement amongst non-family members||2%||0.5% (limited to a minimum of Rs 1,000 and maximum of Rs 10,000)|
|Settlement caused by charitable reasons||1%||0.5% (limited to a minimum of Rs 1,000 and maximum of Rs 10,000)|
|Documentation Type||Stamp Duty Charges||Registration Charges|
|General power of attorney authorising a member of their family to transfer, sell or develop an immovable property||Rs 1,000||0.5% (limited to a minimum of Rs 1,000 and maximum of Rs 20,000)|
|General power of attorney authorising a non-family agent or others to transfer, sell and develop an immovable property||1%||0.5% (limited to a minimum of Rs 1,000 and maximum of Rs 20,000)|
|General power of attorney for any other purpose other than authorising an agent or others to transfer, sell and develop an immovable property||Rs 50||Rs 1,000|
|Special power of attorney||Rs 20||Rs 1,000 for the purpose of attestation|
Release deed Stamp duty in Telangana and registration charges are calculated according to a certain percentage of the property’s value. The following table shows the stamp duty and registration charges rates for Telangana.
|Stamp duty||4% of the property value|
|Registration charges||0.5% of the property value|
Now, let’s understand this with an example. Note that this example is for illustration purposes only.
Let’s say, a property’s cost is Rs 25 lakhs, then the stamp duty would be:
4% of Rs 25,00,000 = Rs 1,00,000 (Rs 1 lakh)
And the registration charges would be:
0.5% of Rs 25,00,000 = Rs 12,500
If you want to calculate the combined cost of your property registration and stamp duty, it would be – Rs.1 lakh + Rs.12,500 = Rs.1,12,500.
Follow the steps below to understand how to pay stamp duty online in Telangana:
Go to https://registration.telangana.gov.in/index.htm and under the Online Services heading, click on “e-STAMPS”.
Click “Document Registration eChallan”to proceed.
You will be redirected to another page where you need to fill in ‘Remitter Details’, ‘Party Details’, ‘Document Information’ and ‘Details of the Amounts Remitted’. Once done, click on ‘Register’.
After successful registration, you will receive a 12-digit challan number and a 5-digit passcode on your registered mobile number. Access the payment screen and complete the transaction using your preferred mode of payment.
A duplicate copy of the challan will be generated on successful payment, containing essential details about your transaction. This challan must be printed, and a duplicate copy must be submitted to the SRO and other required documents during property registration. The SRO will finish the process and give the endorsement of the registered document.
To pay the stamp duty and registration charges in Telangana through offline mode, one can visit the sub-registrar’s office with the required documents and pay the charges through a challan.
There are various documents that one needs to produce when registering for stamp duty in Telangana. The following list of documents are required to register for stamp duty in the state of Telangana:
Stamp Duty and Registration Charges for a property in Telangana depend on three factors :
If the stamp duty is left unpaid on documents, it prevents it from being accepted or used as evidence. If a transaction is made using an unstamped document, it is invalid. Instruments given to a public official (other than a police officer) will be seized. Apart from paying the stamp duty, the offender will also have to pay an additional penalty.
The lower limit for the price of open plots has been revised in Telangana. Previously, the minimum price per square yard was set at Rs 100, but now it has been increased to Rs 200 per square yard.
There is a provision to claim tax benefits on stamp duty and registration charges under Section 80C. Section 80C allows a maximum benefit of Rs. 1,50,000 for stamp duty and registration expenses. If there are joint owners, each owner may claim the tax advantage on these costs up to the amount of their respective shares of the property, but for not more than Rs. 1,50,000. Stamp duty and registration fees can only be written off in the year that the payment for them is made.
Only an individual or a HUF may deduct this expense on their income tax return. Only when the building of the property has been finished and the owner has obtained legal possession of the home is a claim for this deduction valid or tenable.
Stamp Duty and Registration Charges for a property in Telangana are based on multiple factors including Circle Rate, type of property, and location. Telangana stamp duty rates can vary for properties located in different areas and for different types of properties. It is advisable to have a clear understanding of the Stamp Duty and Registration Charges before making any property transactions in Telangana.
Planning to buy a property in Telangana but wary of heavy paperwork? Apply for Navi home loans in a 100% paperless manner and get financing of up to 90% of the property value. Download the Navi app today!
Usually, stamp duty in Telangana is paid prior to or at the same time as when the document is being executed.
In the event that an individual does not make payment for stamp duty, the transaction will not have legal status, and thus, it cannot be accepted as evidence. Moreover, penalty charges will stand imposable upon the failure to make payment for the stamp duty.
No, they are two different taxes and are calculated separately.
One can check the status of their property registration and stamp duty payment online by visiting the official website of the Department of Registration and Stamps, Telangana. It is a fairly simple and easy way to get updates on their property registration and/or stamp duty payment status.
An individual needs to pay 4% as the stamp duty and registration charges in Telangana for a semi-furnished flat.
In order to complete the property registration and payment of stamp duty Aadhar Card is a mandatory document to be held.
Are you looking to buy that house you’ve been eyeing 🏠 and you need a loan of up to ₹5 crore. Install the Navi app now and get instant in-principle approval right away! Interest rates starting at 8.60% p.a.
Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information, and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.
|Home Loan Interest Rate||Home Loan EMI Calculator||Home Loan Tax Benefits|
|Home Loan Prepayment Calculator||Minimum CIBIL Score For Home Loan||How to Apply for Home Loan|
|Home Loan Prepayment||NBFC Home Loans In India||Home Loan Stamp Duty|
|Home Loan Balance Transfer||Home Loan Types||Home Loan Process|
|NRI Home Loan||Home Loan Insurance||Benefits of Joint Home Loan|
|Documents Required For Home Loan||Top Banks And NBFCs for Home Loans||Home Loan For Women|
|Home Construction Loans||Home Loan Sanction Letter||Loan Against Property Interest Rates|
HSBC Bank Home Loan Interest Rate April 2023HSBC offers a variety of home loan products designed for Indian citizens and NRIs (Non-Resident Ind... Read More »
Axis Bank Home Loan Interest Rate April 2023Axis Bank home loan interest rate starts at 8.75% p.a. The bank offers home loans up to ₹5 crore ... Read More »
Karnataka Bank Home Loan Interest Rate April 2023Karnataka Bank home loan interest rate starts at 9.26% p.a. The bank offers an array of home loan s... Read More »
BBMP Property Tax – How to Calculate, Check Status and Pay Tax?The Karnataka State Government imposes this tax on the residents of the State who own properties in... Read More »
Union Bank of India Home Loan Interest Rate April 2023Union Bank of India offers up to 90% of the property value as home loan. Union Bank home loan inter... Read More »
Hartalika Teej in India 2023 – Muhurat and Rituals (18th Sept)Hartalika Teej is an auspicious festival for Hindu women. The day is mainly dedicated to Goddess Pa... Read More »
Bank of Baroda Home Loan Interest Rate April 2023Bank of Baroda (BoB) home loan interest rate starts at 9.15% p.a. For the salaried and 9.25% ... Read More »
Stamp Duty in Thane 2023 – Property Registration ChargesIn India, every State government levies a stamp duty on property transfers. The location, type of p... Read More »
Stamp Duty in Karnataka 2023 – Property Registration ChargesIf you have recently purchased a property in Karnataka, you are liable to pay stamp duty in Karnata... Read More »
Stamp Duty and Property Registration Charges in PuneStamp duty and registration charges need to be paid to the state government to register your proper... Read More »
Apply for EC Online in Karnataka 2023 – Fees and ChargesThe Government of Karnataka has introduced an online service portal (the Kaveri Online Services por... Read More »
Stamp Duty in Haryana 2023 – Property Registration ChargesTo make any transaction on an immovable property legal, it is essential to get that property regist... Read More »
Top 10 Chit Fund Schemes in India in 2023Chit funds are one of the most popular return-generating saving schemes in India. It is a financial... Read More »
10 Best Gold ETFs in India to Invest in April 2023Gold ETFs or Gold Exchange Traded Funds are passively managed funds that track the price of physica... Read More »
10 Best Demat Accounts in India for Beginners in 2023Creation of Demat accounts revolutionised the way trades were conducted at the stock exchanges. It... Read More »
20 Best Index Funds to Invest in India in April 2023What is an Index Fund? An index fund is a type of mutual fund or exchange-traded fund (ETF) that... Read More »
Best Arbitrage Mutual Funds to Invest in India in April 2023Arbitrage funds are hybrid mutual fund schemes that aim to make low-risk profits by buying and sell... Read More »
10 Best SIP Plans in India to Invest in April 2023What is SIP? SIP or Systematic Investment Plan is a method of investing a fixed amount in ... Read More »
10 Best Corporate Bond Funds in India to Invest in April 2023Corporate bond funds are debt funds that invest at least 80% of the investment corpus in companies ... Read More »
10 Best Bank for Savings Account in India [Highest Interest Rate 2023]Savings account is a type of financial instrument offered by several banks. It lets you safely depo... Read More »