Registration and stamp duty charges in Uttarakhand: Tips for real estate investment
If you are buying a property in Uttarakhand, then stamp duty and registration charges are a major factor that form a pivotal stepping stone while doing real estate transactions in Uttarakhand. The payment of stamp duty and registration charges is very important in Uttarakhand as it ensures that the property is duly registered in the government records.
Stamp duty and registration charges in Uttarakhand are imposed by the Stamp and Registration Department Uttarakhand in order to authorise and regulate property transactions. The real estate transactions of Uttarakhand have been significantly benefited by the continuous flow of tourists because Uttarakhand is a religious and tourist hotspot.
When the property is bought or sold in Uttarakhand, a fixed amount is paid as a stamp duty and registration charges with the Uttarakhand government. This ensures that the property transaction is registered with the government in the official government records.
In Uttarakhand, the stamp duty and registration charges are not same for the male and female property buyers. Additionally, the property registration charges in Uttarakhand have a bar of 2% or 25000 ( whichever is less).
APPLICANTS | STAMP DUTY CHARGES | REGISTRATION CHARGES |
MALE | 5% | 2% |
FEMALE | 3.75% | 2% |
JOINT (male +female) | 4.37% | 2% |
JOINT (male +male ) | 5% | 2% |
JOINT (male+female) | 3.75% | 2% |
Process and ways to pay stamp duty and registration charges in Uttarakhand
Stamp Duty and registration charges in Uttarakhand can be paid in different ways. Once the property deal is finalised, the buyer must pay the stamp duty and the registration charges in different ways which are mentioned below-
Online payment
Online and digital payment in every aspect saves a lot of time and hassle. If you wish to pay the stamp duty and registration charges in Uttarakhand online, then you have to click on the site https://registration.uk.gov.in/ . After you log in to the stamp and registration portal, click on the “E payment” of the registration charges tab on the left side.
Franking
Franking is the process of paying the stamp duty and the registration charges via authorised centres which are designated by the Uttarakhand state government. The franking machine collects and verifies the stamp duty collected through certain designated centres such as e-stamp vendors, banking institutions, post office branches and citizen service centres. These centres are designated by the Uttarakhand state government itself.
Physically Payment
When the property and real estate transaction is finalised in Uttarakhand, the buyer can physically visit the Local sub registrar’s office (SRO) and deposit the applicable stamp duty and registration charges in Uttarakhand.