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July 9, 2024
All about Stamp Duty and Rates of Stamp Duty in Gujarat
What is Stamp Duty?
Stamp duty is the tax amount an individual pays to the Government (Central and/or State of Gujarat) for executing various types of deeds or documents that involve a financial exchange, transaction, or obligation. This duty is applicable to the registration of sale, purchase, or transfer of immovable property in Gujarat. During the registration of a document or deed, stamp duty in Gujarat is paid according to the fixed rates established by the state. For instance, when registering a partnership deed or an LLP agreement during LLP registration, the corresponding stamp duty is levied. This tax ensures that legal transactions are officially recorded and validated by the state.
How to pay Stamp Duty?
- Stamp Duty value is printed on stamp paper or e-stamp paper after the stipulated duty is paid.
- Stamp papers have different stamp values and each type of document/deed has to be executed on a stamp paper of a requisite value.
- Stamp value varies from region to region, and also on the value of the deed or transaction is executed.
Modes of Payment of Stamp Duty in Gujarat
No. |
Mode of Payment for Stamp Duty |
Availability |
1. |
Traditional Stamp Paper |
Yes |
2. |
e-Stamp Paper |
Yes |
3. |
Franking |
Yes |
4. |
Adhesive Stamps |
Yes |
5. |
GRAS |
No |
6. |
Notary Stamp |
Yes |
7. |
Revenue Stamps |
Yes |
8. |
Agreement Stamps |
Yes |
9. |
Non- Judicial |
Yes |
What is Rate of Stamp Duty in Gujarat?
Stamp duty charges vary by state and can depend on gender, municipal areas, or income groups within the state. In Gujarat, the basic rate of stamp duty is 3.50%, and the total rate of stamp duty in Gujarat is 4.90%. This means Rs. 4.90 must be paid as stamp duty for every Rs. 100 in property registration. The registration fee is 1.05%.
Table showing Stamp Duty in Gujarat for different documents, and agreements
Stamp Duty Rates in Gujarat |
|||
Sr. No. |
Particulars |
rates |
|
Up to 04.08.19
|
W.e.f 05.08.2020 Rs. |
||
1 |
Affidavit |
20 |
50 |
2 |
Agreement or memorandum of agreement or its record |
100 |
300 |
3 |
Partnership deed (If any partner brings immovable property as capital then Stamp Duty @ 3.5% of Jantri Value will be leviable on it) |
1% of total capital or Maximum 10,000/- |
|
4 |
Change in Constitution Partnership |
|
|
Due to Increase in capital |
1% of additional capital(This will be in accordance with the duty payable under point no. 3. The additional duty payable will be computed after deducting the Stamp Duty already paid. The Stamp Duty shall not exceed INR 10,000/- (threshold limit for stamp duty payable)) |
||
Any other reason |
100 |
200 |
|
5 |
Dissolution of Reason |
100 |
200 |
6 |
Apprenticeship Deed |
100 |
300 |
7 |
Power of Attorney |
100 |
300 |
8 |
Notary Public Attestation |
35 |
50 |
9 |
Indemnity bond, Inspector ship Deed |
100 |
300 |
10 |
Release deed in blood relation (Documents for foregoing inheritance Rights) |
100 |
300 |
11 |
Administration Bond |
100 |
300 |
12 |
Adoption Bond |
100 |
200 |
13 |
Appointment in Execution of Power |
100 |
300 |
14 |
Appraise ment or Valuation |
100 |
300 |
15 |
Award |
100 |
300 |
16 |
Cancellation |
100 |
300 |
17 |
Composition Deed |
100 |
300 |
18 |
Copy or extract |
100 |
300 |
19 |
Counterpart or Duplicate |
100 |
300 |
20 |
Customs Bond of Exercise Bond |
100 |
300 |
21 |
Divorce |
100 |
300 |
22 |
Letter of Guarantee |
100 |
300 |
23 |
Letter of License |
100 |
300 |
24 |
Marriage registration |
100 |
200 |
25 |
Memorandum of Association of a Company |
100 |
300 |
26 |
Notarial Act |
20 |
50 |
27 |
Note of Memorandum |
100 |
300 |
28 |
Note or Protest by Master of Ship |
100 |
300 |
29 |
Protest of Bill or Note |
100 |
300 |
30 |
Re-conveyance Mortgaged Property |
100 |
300 |
31 |
Record of Transaction |
100 |
300 |
32 |
Release |
100 |
300 |
33 |
Security bond or Mortgage deed |
100 |
300 |
34 |
Surrender of Lease |
100 |
300 |
35 |
Transfer |
100 |
300 |
36 |
Trust |
100 |
300 |
Stamp Duty Rates and Registration Charges For Immovable property |
|||
Stamp Duty for Immovable Property |
|||
S.No |
Stamp Duty |
Rate |
|
1 |
The basic rate of Stamp Duty |
3.50 % |
|
2 |
Surcharge at the rate of forty percent on basic rate |
1.40% |
|
3 |
Total Stamp Duty |
4.90% |
|
Registration Charges for Immovable property |
|||
1 |
Male |
1% |
|
2 |
Female |
Nil |
|
3 |
(For Joint name) Male-Female |
1% |
|
4 |
(For Joint name) Female-male |
Nil |
|
Download: PDF for Stamp Duty Rates in Gujarat
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Hi, do you have any idea of stamp duty applicability on machinery / immovable property on conversion of partnership firm to Company
Hello Ma’am,
You cannot convert a Partnership firm to Company. You need to dissolve your Partnership firm and register a new company. Contact us at +919643203209 / mail us at info@ebizfiling.com, if you need any additional information or assistance.
Thank you for the query.