Gujarat Property Registration 2024 – Stamp Duty Charges, Documents

Gujarat Property Registration – The Gujarat government has introduced a new electronic policy to increase job prospects in the electronics manufacturing industry. Investors will also be qualified for a variety of stamp duty and registration fee payment rebates under the new program. It is necessary to pay stamp duty in Gujarat in 2024when buying a home and it is wise to be aware of all the legal regulations that govern the real estate market. Read below to get detailed information related to the Gujarat Property Registration like highlights, objectives, benefits, Stamp Duty for Gujarat Deed Registration, Registration Fees, Documents Required, steps to calculate Stamp Duty and Registration Charges in Gujarat, Steps to Pay Stamp Duty and Registration Charges in Gujarat, and much more

Gujarat

Gujarat Property Registration 2024

A crucial step in the registration procedure that safeguards the property from future legal challenges is paying the stamp duty and registration fees when registering real estate. The Registration (Gujarat Amendment) Act of 1908 governs the registration of real estate in Gujarat. To guarantee a clear transfer of title to the property owner, all transactions involving immovable property ought to be registered. Property registration is a process that results in the creation of a permanent public record. Deeds must be prepared, necessary stamp duty must be paid, and registration fees must be paid as part of the immovable property registration process for the deed to be lawfully recorded. The registration or transfer of property in Gujarat is overseen by the Inspector General of Registration, Government of Gujarat.

Bhu Naksha Gujarat

Details of Stamp Duty and Registration Charges in Gujarat

Name Gujarat Property Registration
Introduced by Gujarat government
State Gujarat
Beneficiaries Investors
Official Website https://garvi.gujarat.gov.in/

Gujarat Property Registration Objectives

The Gujarat Property Registration Objectives are as follows:

  • Title or interest may be obtained under the Gujarat Transfer of Property Act if the deed is registered.
  • Once the document has been registered with the appropriate office, it will become a permanent public record.
  • Gujarat’s property registration program informs the general public that the property’s ownership has changed hands.
  • Anyone may see the public record for property registration and obtain a copy of the registered deed.
  • Any citizen can check the property’s registry to see if it has ever been mortgaged when buying a property.
  • If someone wants to purchase real estate in Gujarat, they can quickly check the record index available at the relevant authority. The individual can discover whose name the most recent transfer deed was registered in.

Anyror Gujarat

Benefits of Gujarat Property Registration

Some of the key benefits of Gujarat Property Registration are as follows:

  • Gujarat will be at the forefront of electronic manufacturing under the new Gujarat Electronics Policy 2024–28, which will also create a lot of job possibilities.
  • The buyer is required to pay the stamp duty and registration fees at the time the property is registered.
  • The Gujarat government will accept up to a 100 percent rebate and reduction from eligible investors for their payment of stamp duty and registration fees.
  • As the state government would give investors tariff refunds, eligible investors will not be required to pay electricity duty.

Stamp Duty for Gujarat Deed Registration

One of the legal taxes that the property owner must pay as proof for each transaction involving real estate is called stamp duty. This table lists the stamp duty rate for registering the sale and transfer of the deed of real estate in Gujarat.

Stamp Duty Rate
The basic rate of Stamp duty 3.50 percent
Surcharge at the rate of forty percent on the basic rate 1.4 percent
Total Stamp duty 4.90 percent

Registration Fees

The state of Gujarat charges 1% of the transaction value or the market value of the property as registration fees, whichever is larger. In Gujarat, the following registration fees are assessed:

Gender Gujarat Registration Fees
Female No registration fee for females
Male 1%
Joint buyer (female and female) No registration fee
Joint buyer (male and female) 1%

Atmanirbhar Gujarat Sahay Yojana

Documents Required for Gujarat Property Registration

Some of the important documents required for Gujarat Property Registration are as follows:

  • Input Sheet: It must have the document’s information and the parties’ signatures (Owner & Buyer)
  • Application Form No. 1: If the document falls within Section 32-A of the Gujarat Stamp Act of 1958, which establishes the property’s market value, complete this section.
  • Identification documents for the signing and claiming parties as well as for the witnesses
  • If the power of attorney is signed or presented using it, the original and true copy must be used.
  • Proofs of the property’s ownership rights

Steps to Calculate Stamp Duty Charges in Gujarat

The user needs to follow the below-given steps to calculate stamp duty and registration charges in Gujarat:

  • First of all, go to the official website of Garvi i.e., https://garvi.gujarat.gov.in/
  • The homepage of the website will open on the screen
Calculate
  • Click on the Calculator tab
  • Now, two options will open on the screen i.e.,
    • Registration Fee Calculator
    • Stamp Duty Calculator
  • Now, click on the Stamp Duty Calculator button
  • A new page will open on the screen
Steps
  • Now, select the Article
  • After that, click on the Calculate Stamp Duty
  • Finally, the Stamp Duty will display on the screen

Steps to Calculate Registration Charges in Gujarat 2024

The user needs to follow the below-given steps to calculate the registration charges in Gujarat:

  • First of all, go to the official website of Garvi i.e., https://garvi.gujarat.gov.in/
  • The homepage of the website will open on the screen
  • Click on the Calculator tab
  • Now, two options will open on the screen i.e.,
    • Registration Fee Calculator
    • Stamp Duty Calculator
  • Now, click on the Registration Fee Calculator button
  • A new page will open on the screen
Steps
  • Now, select the Article
  • After that, click on the Calculate Registration Fee
  • Finally, the Registration Fee will open on the screen

Steps to Pay Stamp Duty and Registration Charges in Gujarat Online

  • E-Stamping: In Gujarat, property buyers have the option of paying their registration fees and stamp duty through an online payment system called e-stamping. For more information on e-stamping in Gujarat, continue reading.

Steps to Pay Stamp Duty and Registration Charges in Gujarat Offline

  • Franking Centers: In Gujarat, buyers of real estate can pay their stamp duty and registration fees by going to the closest bank or franking center.
  • Stamp Papers: To pay their stamp duty and registration fees in Gujarat, they can also get in touch with authorized stamp merchants and buy stamp papers.

Factors Affecting Stamp Duty in Gujarat

Some of the factors that affect stamp duty in Gujarat are as follows:

  • Age of the owner
  • Age of the property
  • Location
  • Gender of the owner
  • Purpose
  • Amenities

Things to Remember before Paying Gujarat Stamp Duty

Before paying Gujarati stamp duty, property owners must keep a few things in mind which are as follows:

  • On international documents, stamp duty is valid for three months if it has been paid.
  • When stamp duty is paid on time by property owners, it is good for six months.
  • Stamp duty must be paid by the buyer, not the seller.

Stamp Duty on Various Property Deeds in Gujarat

Document Stamp Duty
Exchange deed on the value of the property 3%
Sale Deed / Gift Deed 6%
Transfer of lease right deed 3%
Lease deed 1 – 5 years 1.50%
Lease deed 1 – 10 years 3%
Lease deed 1 – 15 years 6%
Lease deed 1- 20 years 6%
Lease deed above 20 years 6%
On advance amount, if any 3%
Mortgage deed with possession 3%
Mortgage deed without possession 1.50%
Relinquishment deed ₹50/-
Family settlement ₹50/-
Trust deed ₹50/-
Adoption deed ₹40
Redemption deed ₹30
Partnership deed ₹25
GPA ₹15
Cancellation of GPA ₹15
Cancellation of sub GPA ₹15
Sub GPA ₹15
Decree 1.50%
SPA ₹5
Cancellation of SPA ₹5
Amendment deed ₹5/-