Stamp Duty and Property Registration Charges in Tamil Nadu

What Are the Stamp Duty Rates in Tamil Nadu?

Present Stamp Duty and Registration Charges in Tamil Nadu

 

Registration fees and stamp duty charges in Tamil Nadu are different for different types of property purchases. The list below elaborates on the details.

[1]

Type of Property Deeds

Stamp Duty

Registration Charges

Exchange

7% on the market value of greater value property

4% on the market value of greater value property

Gift

7% on property market value

4% on property market value

Conveyance/Sale

7% of property market value

4% on property market value

Mortgage with possession

4% on the loan value

1% on loan value (up to ₹ 2 lakhs)

Simple mortgage

1% on loan value (up to ₹ 40,000)

1% on loan value (up to ₹ 10,000)

Sale Agreement

₹ 20

1% on advance money (if possession is allowed, then 1% on total value)

Cancellation

₹ 50

₹ 50

Building construction

1% of consideration specified in the agreement or on construction value, whichever is higher

1% of consideration specified in the agreement or on construction value, whichever is higher

Partition in family

1% of market value (up to ₹ 25,000 each share)

1% of market value (up to ₹ 4000 each share)

For selling immovable property, general power of attorney (POA)

₹ 100

₹ 10,000

Partition among non-family members

4% on property market value ( in case of separated shares)

1% on property market value ( in case of separated shares)

For selling immovable property, general POA (power given to a family member)

₹ 100

₹ 1000

For selling movable property for other usages, general POA

₹ 100

₹ 50

For consideration, general POA

4% of the consideration

1% of ₹ 10,000 or on consideration, whichever is higher

Partnership deed (capital of up to ₹ 500)

₹ 50

1% on capital invested

Partnership deed for other cases

₹ 300

1% of capital invested

If you are interested to know more about land registration fees in Tamil Nadu, visit Tamil Nadu Registration Department.

Note that no rebate is available for women on the ownership of property in Tamil Nadu. Unlike other states, women and men must pay the same stamp duty and property registration charges in Tamil Nadu. For instance, in Delhi male homebuyers pay 6% as stamp duty while women pay 4% as stamp duty.

How to Calculate Registration Charges and Stamp Duty in Tamil Nadu?

 

Stamp duty in Tamil Nadu is applicable on the property consideration value or guideline value/ ready reckoner rate, whichever is higher.

In case the agreement value for a house is ₹ 60 lakhs, and guideline value is ₹ 50 lakhs, stamp duty will be measured at ₹ 60 lakhs, which is the higher value.

Now, let’s see the calculation process for registration fees and stamp duty on the property’s final price.

Example- Ram purchased a residential property in Chennai, having a guideline value of ₹ 50 lakhs (say, it is the higher value). He will be paying the below-mentioned charges –

Guideline Value

₹ 50 lakhs

Stamp Duty

7% of ₹ 50 lakhs = ₹ 3,50,000

Registration Fee

4% of ₹ 50 lakhs = ₹ 2,00,000

Total Amount

(50,00,000+3,50,000+2,00,000)= ₹ 5,550,000

How to Pay Stamp Duty and Registration Fees in Tamil Nadu?

What Are the Factors That Affect Stamp Duty in Tamil Nadu?

What Are the Factors That Affect Registration Fees in Tamil Nadu?

Are Tax Benefits Available on Stamp Duty and Registration Charges in Tamil Nadu?

Frequently Asked Questions