Everything you need to know about stamp duty and plot registration charges in Hyderabad/Telangana

Stamp duty and property registrations are some of the most significant sources of income for the Government of India. Even when you have found your dream property, stamp duty payment and property registration still remain the most important factors that need your consideration. If you are residing in Hyderabad/ Telangana, you must be aware of the skyrocketing real-estate prices here. This was why many people earlier remained concerned about the heavy stamp duty and registration charges. 

However, after the advent of the global pandemic, the real estate developers in Telangana have asked for a reduction in the price of stamp duty and property registration to enhance the demand for properties in Hyderabad. Stamp duty and property registration charges in Telangana/Hyderabad is usually paid at the time of execution of a property document, by placing non-judicial stamps to the document or with the help of e-stamps, (in case of stamp duty) dispatched into any accredited bank in favour of the Inspector General of Registration and Stamps and Head of Account of the Commissioner Telangana, Hyderabad.

Brick&Bolt is a leading construction company in Hyderabad that can take care of all your stamp duty and property registration requirements along with managing your property construction. The professional squad at this organisation takes into deliberation even the minutest stipulations of their customers to ensure that you get the house that you have forever craved for. Right from stock purchase to outlining blueprints to achieving it to taking care of all the government approvals, Brick&Bolt take custody of all these construction pursuits and all this within a defined budget of their clients. Hence, it is always the right decision to leave all your property related hassles to them.  

Step-by-step process to register property in Telangana & Property Registration charges

For registering property in Telangana, the purchasers are necessitated to register the acquired property in their name to receive absolute ownership. The Telangana Registration and Stamp Department is in charge of all the property registration matters in the State. To register a property in Telangana, the purchaser and seller must visit the nearest office of the sub-registrar to pay the registration charges and stamp duty. 

List of documents needed to register a property in Telangana

There are some compulsory documents that you need to submit at the time of registering a property in Telangana. These documents can be easily uploaded online on the IGRS (Integrated Grievance Redressal System) portal before visiting the sub-registrar’s office for property registration in Telangana. Mentioned hereunder is the list of documents that are required for registration. 

  • Original documents of the property 
  • Unique Property card
  • Photo identification proofs along with address proofs such as Pan Card, Aadhaar Card of the seller, purchaser, and witnesses
  • Encumbrance Certificate
  • Power of Attorney 
  • Passport-size photographs of the purchaser and seller
  • In the case the property is agricultural land then, a pattadar passbook is needed
  • Stamp duty and property registration charges payment receipt
  • Photocopy of Section 32A

The lease deed or the sale deed must be filed in the sub-registrar office within 24 hours of the purchase and sale. The documents submitted will be scanned thoroughly and returned to the buyer and seller once verified. The encumbrance document will also be provided within one hour by the senior assistant to the sub-registrar. You can further request for market rate to understand the real-estate rates in a specific locality; these details will also be presented within one hour.

Step by step process to register a property in Telangana 

To assist you with your property registration in Telangana, enumerated below is a step-by-step process that you can follow.  

  • The initial step in this process is to log in to the registration and stamp department and create an account with your Email Id.
  • Once you have created an account, complete the document uploading process and then move on to paying the necessary registration and stamp duty charges. 
  • After making the payment and uploading all the documents, you can schedule a date to visit the sub-registrar office for your property registration.
  • Make the required changes if demanded by the sub-registrar for the uploaded records. You can also receive a checklist at the sub-registrar office.
  • Once the submitted documents are approved by the sub-registrar, an e-KYC (Know Your Customer) process is carried that is verified with the national Aadhaar database
  • Apart from the KYC, the Challan copy of property registration charges, stamp duty and other charges will also be verified. Once the registrar is done with the verification, the registration process will be carried further.
  • A document number of the property will be generated along with collecting the thumb impressions for registering the property.
  • The application of the property registration will be scanned and updated by the sub-registrar. This application will further be uploaded on the online portal for future use.

How to calculate Hyderabad/Telangana stamp duty and registration charges?

 

Stamp duty charges is a rate that is different states and they charge a set percentage on the cumulative cost of a property. Stamp duty charges and property registration charges additionally vary based on the type of the property like commercial or residential along with the nature of the area like urban or rural. Stamp duty is calculated just on the cumulative saleable value of your property. 

This sizable value of the property is calculated by initially multiplying the area of your property with its market value or the guidance value provided by the contractor or builder. In addition to this, the car parking costs and floor augmentation, or PLC (Preferential Location Charges) are computed to provide the cumulative saleable value of the property. 

Saleable Value = Primary Cost (Guidance Value x Size of property) +Floor Rise Premium and PLC (Preferential Location Charges) + Parking Charges (if any).

After taking out this sizable value, the stamp duty charge is calculated at a rate of 4 per cent along with the calculation of property registration charges at a rate of 1 per cent on the total sizeable value. 

Stamp duty and registration charges in Hyderabad/Telangana

While procuring property in Telangana, it is necessary to take into deliberation the stamp duty and registration charges as well. The main reason for this is because these charges can considerably increase your set budget. Property registration charges and stamp duty are sanctioned under the Indian Stamp Act, 1899 principally to authorise the marketing of the property and keep a record of the acquisition. The stamp duty and registration charges in Telangana are stated below:

 

Corporations and Municipalities

Type of Charge  Total Amount 
Property Registration charges 0.5% of the total property value
Stamp duty charges 4% of the total property value

 

Other Areas

Type of Charge  Total Amount 
Property Registration charges 0.5% of the total property value
Stamp duty charges  4% of the total property value

 

Apartments and Flats

Type of Charge  Total Amount 
Property Registration charge 0.5% of the property value
Stamp duty charges  4% of the total property value

Sale Agreement and GPA

Type of Charge  Total Amount 
Property Registration charge Rs.2,000.00
Stamp duty charges  5% of the total property value

 

Sale Agreement with Possession

Type of Charge  Total Amount 
Property Registration charge 0.5% (minimum of Rs.1,000 and maximum of Rs.20,000)
Stamp duty charges  4% of the total property value

 

To sum up, it can be asserted that all the stamp duty and property registration charges are an indispensable part of property purchase in India. With the help of all the points mentioned above, you can easily understand how to move forward with the stamp duty payment and property registration in Telangana/ Hyderabad.