How To Pay Stamp Duty And Registration Charges Online In Noida?
Pay Stamp Duty And Registration Charges Online In Noida
In today's world, those who pay their bills physically by visiting the government office premises are the ones who do not value their time. When everything from booking tickets to mobile recharges, shopping, and paying even the smallest amount has gone online, why are you still paying your property taxes and bills with the same conventional method that creates inconvenience and wastes your valuable time?
On commercial noida, we have written different blogs about paying property bills online. In addition to those blogs, today we will simplify the most critical tax regarding your property, "stamp duty and registration charges in Noida," and how to pay it online.
But before we proceed with the steps, how do we pay stamp duty in Noida Online? We will briefly introduce Stamp Duty and Registration Charges in Noida and how to calculate them.
What is stamp duty?
Stamp duty is a tax payable under section 3 of the Stamp Duty Act 1889. The duration of the stamp duty varies according to the value of the property, but generally, it is valid for 6 months. Stamp duty is an additional cost levied to legalise your property's sale or purchase with the government to protect yourself from any legal dispute in the future.
What Is Property Registration?
Property registration is officially registering your property with the state government. If you don't register your property with the government, you can get into disputes in the future.
Stamp Duty & Registration Charges in Noida
What are stamp duty charges in Noida?
The stamp duty charge in Noida is 7 percent of the total transaction value of the property. For women, the Noida authority provides a discount of 10000, which they call an encouragement discount. So, if your property's transaction value is 50 lacs, you must pay 3.5 lacs additional to the government as tax to validate your property transaction. Understand it with this brief calculation.
Stamp duty payable by Rahul = 80,00,000 * 7/100 = Rs 5,60,000
Registration fee = 80,00,000 * 1/100 = Rs 80,000
Hence, total cost of the property = Rs 80,00,000 + Rs 5,60,000 + Rs 80,000 = Rs 86,40,000
Stamp duty payable by Priya = 80,00,000 * 7/100 = Rs 5,60,000
Being a woman, Priya gets a rebate of Rs 10,000 on the total stamp duty charged.
Registration fee = 80,00,000 * 1/100 = Rs 80,000
Hence, total cost of the property = Rs 80,00,000 + Rs 5,50,000 + Rs 80,000 = Rs 86,30,000
You can also use tools such as the Noida Stamp Duty Calculator to calculate your stamp duty easily.
What Are Property Registration Charges in Noida?
The property registration charges in Noida are 1 percent of the total property's transaction value, and there is no discount for women. So, if your property's total transaction value is one crore, you must pay 1 lac as registration charges.
How To Pay Stamp Duty Online In Noida?
Here's the process to pay stamp duty online in Noida.
• Prepare the conveyance deed.
• Visit the official website of Uttar Pradesh's Stamps and Registration department: https://igrsup.gov.in/.
• Change language to English (default is Hindi).
• Sign up for a user account on the website.
• Enter the buyer, seller, and two witnesses' details (names and contact information).
• Fill out property information (district, tehsil, ward, area).
• The system will auto-calculate the Noida stamp duty and registration charges.
• Make the payment using your preferred mode.
• Save the receipt number for future reference.
• Schedule an appointment at the sub-registrar's office.
After all these steps, you can register your property in the sub-registrar's office.
Factors that can affect overall stamp duty price
• Higher property value means higher stamp duty
• Women get a discount on stamp duty
• Senior citizens receive subsidised stamp duty rates.
• Sometimes, Commercial properties have higher stamp duty
• Properties in prime areas have higher stamp duty
• Additional amenities like gyms, pools, or community halls increase the stamp duty.
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