Stamp duty and registration

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 04.08.19Rs. 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

Stamp duty and registration

Rate of Stamp Duties in Gujarat