What is the Stamp Duty in Ghaziabad?

To legally transfer property from one hand to another, Stamp Duty plays an inevitable role in the real estate market. Stamp Duty is a tax imposed on home buyers by the state government. The amount and concessions of Stamp Duty vary from state to state. Stamp Duty in Ghaziabad is currently 7% of the property value, and the deduction depends on the buyer's gender.

The Uttar Pradesh government levies 7% stamp duty for males and 6% for females in Ghaziabad. Both genders must pay a 1% registration fee, including the stamp duty. However, female buyers will get the concession only on properties under 10 lakh; if the value exceeds, the stamp duty will be 7%.

How Is Stamp Duty Assessed in Ghaziabad?

The property's total market value is the primary factor when assessing stamp duty. The value depends on various factors, including the location, amenities, type of property, etc., which influence the stamp duty.

Also, the stamp duty in Ghaziabad depends on the buyer's gender and age. The buyer must pay 6% (for females) to 7% (for males) of the property value as stamp duty.

6 Factors Affecting Stamp Duty Rates in Ghaziabad

1: Age of the Property

The property's age changes its market value, affecting the stamp duty. The properties in Ghaziabad that are old are less expensive than newer properties, so older properties charge a lower stamp duty.

2: Age of Owner

The owner's age can bring a fair discount on stamp duty in Ghaziabad. If the owner is a senior citizen, then the stamp duty will be reduced.

3: Gender of Owner

The owner's gender is another major factor when calculating stamp duty in Ghaziabad. Female owners get a 1% discount from the stamp duty, which is 6% of the total property value.

Remember, this discount is only applicable for properties under 10 lakh, while a property with a higher price charges 7% even for female owners.

4: Objective

There are types of properties that also affect the stamp duty amount. As commercial properties offer more amenities and are more expensive than residential properties, the stamp duty is also higher for commercial properties.

5: Location

The price of stamp duty also differs depending on the property's location. If the property is in a municipal area, the market price will be higher, and the stamp duty will be increased automatically.

6: Amenities

As a property with modern amenities is expensive, the stamp duty will also be higher than that of other properties with regular amenities.

Documents Needed for Payment of Stamp Duty in Ghaziabad

You need to prepare the necessary documents before paying stamp duty. You can follow this list of required documents:

• Sale Deed
• Tax-paid receipts for the last three months
• A copy of all registered previous agreements (in case of resale property)
• Power of attorney (If any)
• Latest bank statements
• Encumbrance Certificate
• Electricity bill
• Sale agreement
• Sanctioned building plan
• Occupancy or Possession certificate from the builder

How To Pay Stamp Duty in Ghaziabad?

There are both online and offline options for paying stamp duty in Ghaziabad. For online payment, you can follow the steps:

Step 1: Go to the official website of the Stamp and Registration Department, Uttar Pradesh. Change the page language from English to Hindi.

Step 2: You must either log in with your credentials or sign up as a new applicant and then log in with your username and password.

Step 3: Then you have to fill the space with the personal details of the buyer, seller, and 2 witnesses, along with property-related information like the ward, property area, district, and tehsil.

Step 4: Click 'Calculate Fee' for the stamp duty and registration charge amount.

Step 5: Then you can proceed with the payment process and save the receipt number you will get after successful payment.

Step 6: Later, you must book an appointment at the SRO (Sub-Registrar's Office) to register the conveyance deed.

Now, for offline payment, you have to visit the Sub-Registrar's Office in person and pay the amount according to their instructions.

4 Ways To Save on Stamp Duty Charges

1: Registration Under A Woman's Name

If your registration is under a female candidate's name, you will get an additional 1% reduction in stamp duty in Ghaziabad. You will pay 6% stamp duty instead of 7% and a 1% registration fee. Remember, your property must be under 10 lakh to enjoy this discount.

2: Projects With Fewer Amenities

If you select a property that offers fewer amenities, it will charge less than other modern properties. Hence, you will have to pay a lower stamp duty based on the property value calculation.

3: Less Developed Areas

As property prices in underdeveloped areas are lower, you can consider a decent location. As a result, you will get a property at an affordable price, and the stamp duty amount will also be decreased.

4: Invest in a Project that Offers Stamp Duty Exemptions

As the real estate market offers a rebate on stamp duty for first-time buyers, you can utilize this advantage. Mentionable, the Uttar Pradesh government has recently announced a substantial 50% exemption on stamp duty for Fortune 500 companies to invest in Noida and Ghaziabad. Additionally, the state government in 2023 has fixed a discount on stamp duty for gifted properties, leading to a maximum amount of Rs. 5,000 only.

Penalties for Not Paying Stamp Duty in Ghaziabad

A buyer will be penalized if the stamp duty is not paid. The consequence will be like:

1. The property can be seized by the lawful public office, including courts, except police officers, in terms of Section 33 of the Indian Stamp Act, 1899.

2. The property shall be unacceptable as evidence for any purpose.

3. The buyer must pay 10 times more of the actual stamp duty to make the property admissible.

Conclusion

What is the stamp duty in Ghaziabad?

Stamp Duty is a tax imposed on home buyers by the state government, and the amount varies from state to state. Stamp Duty in Ghaziabad is currently 7% of the property value, and the deduction depends on the buyer's gender.

How is stamp duty assessed in Ghaziabad?

The stamp duty in Ghaziabad depends on the buyer's gender and age. A female buyer must pay 6% (under a value of 10 lakh only), and a male buyer must pay 7% of the property value.

Factors affecting stamp duty rates in Ghaziabad

• Age of Owner
• Gender of Owner
• Objective
• Location
• Amenities

Documents needed for payment of stamp duty in Ghaziabad

• Sale Deed
• Tax-paid receipts for the last three months
• A copy of all registered previous agreements (in case of resale property)
• Power of attorney (If any)
• Latest bank statements
• Encumbrance Certificate
• Electricity bill
• Sale agreement
• Sanctioned building plan
• Occupancy or Possession certificate from the builder

How to pay stamp duty in Ghaziabad?

You can pay stamp duty in Ghaziabad online and offline. The official website is open for online payment, and you need to opt for the Sub-Registrar's office for the offline process.

4 Ways to save on stamp duty charges

1. Registration Under A Woman's Name
2. Projects With Fewer Amenities
3. Less Developed Areas
4. Invest in a Project that Offers Stamp Duty Exemptions