Stamp Duty and Registration Charges in Punjab: Rates & How to Calculate

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How to Calculate Registration Charges and Stamp Duty in Punjab?

District administrators fix a standard rate for land and other properties, known as circle rates or guideline values. During property registration in Punjab, if the price of a property is less than the guidance value, there will be stamp duty charges only on this value.

On the contrary, if the transaction is higher than the circle rate, there will be an applicable stamp duty based on the deal value and not just the guidance value.

Now, let's look at a simple illustration to understand Punjab stamp duty charges for a flat in Ludhiana.

Stamp Duty & Registration Charges	Rates
Stamp Duty for Men	7%
Stamp Duty for Women	6%
Property Registration Fees in Punjab	1% of the transaction value irrespective of the gender

Deed Name	Stamp Duty
Sale or gift	5% of the consideration amount + 1 % of SIC (Social Infrastructure Cess)
Transfer of property	Nil
General Power of Attorney (up to 5 people)	₹2000
General Power of Attorney (more than 5 people)	₹4000
Special Power of Attorney	₹1000
Cancellation of GPA	₹1000
Cancellation of SPA	₹400
Mortgage deed (without possession)	4% of the consideration amount
Mortgage deed (with possession)	4% of the consideration amount
Lease for less than a year	4% of annual rent amount
Lease for 1 to 5 years	8% of annual average rent amount
Lease for 5 to 10 years	3% of annual average rent amount
Lease for 10 to 20 years	3% of annual average rent amount x 2
Lease for 20 to 30 years	3% of annual average rent amount x 3
Lease for 30 to 99 years	3% of annual average rent amount x 4
Will or cancellation of a will	Nil

Value of the property as per the sales deed	₹50 lakhs
Property's value as per the circle rates	₹40 lakhs
Stamp duty	7% of ₹50 lakhs = ₹3.5 lakhs
Registration charge	1% of ₹50 lakhs = ₹50,000

Stamp Duty and Property Registration Charges in Punjab

What Are the Stamp Duty Rates in Punjab?

Present Stamp Duty and Registration Charges in Punjab

Stamp Duty on Different Property Deeds in Punjab

How to Calculate Registration Charges and Stamp Duty in Punjab?

Steps to Use a Stamp Duty Calculator

How to Pay Stamp Duty and Registration Fees in Punjab?

Online Procedure

Offline Procedure

Points to Consider before Paying Stamp Duty in Punjab

What Are the Factors That Affect Stamp Duty in Punjab?

Are Tax Benefits Available on Stamp Duty and Registration Charges?

Frequently Asked Questions

✓ Are Punjab stamp duty charges refundable?

✓ Does a home loan cover stamp duty and registration charges?

✓ What is the stamp duty in Punjab for male and female joint owners?

Stamp Duty in Different States & Cities in India

Other articles about Property Tax

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