Property Registration Charges in Punjab

Property Registration Charges in Punjab– Property registration is a very important thing if you are buying or selling any property. This is legal documentation that is formed when someone buys or sells a property to another person this documentation is done in front of a registrar at the sub-registrar office and there we need a duty stamp and the value of the stamp is depend on the value of the property. Here, we are going to discuss about the Property Registration Charges in Punjab, Zirakpur, and Mohali. So that you do not have to face difficulty in any case of property registration.

In simple words, if you purchasing a property then you require certain proof that the ownership of that property, and registration of the property is a legal way to tell that this property belongs to you. And this kind of registration requires some charge which is decided by the Govt. This charge can be actually Property Registration Charges in Punjab, Zirakpur, Mohali, and other states these charges can be differ based on state, Gender, and Property value.

For doing Property Registration Charges in Punjab stamp duty is very important. This is the way and % required for stamp duty collection.

• The 5 % for the total paying amounts.

• For Social Infrastructure Cess (SIC) it is about 1%.

• Punjab Infrastructure Development Board (PIDB) also takes 1% of the total payable amount.

In total the stamp duty takes 7% of the total payable amount. Besides all stamp duty charges, there are some facilitation charges and the criteria of these charges is mentioned below.

1. Executors are charged with 900 INR for stamp duty in case of mutual exchange of familial property.

2. In case the property is transferred to your blood relative then you are not liable for this charge.

3. If we want to talk in numbers then the property of 10,00,000 or less is charged with 1000 or if this amount falls between 10,00,000 to 30,00,00 then this charge will be 3000.

And for doing Property Registration Charges in Punjab we have to pay a stamp duty fee and this fee is calculated by circle rate. This is a standard rate below which a property can not sell.

Registration Charges in Punjab for Women

Property registration charges may differ as per gender. Because the government of Punjab wants to promote women house owners in Punjab. That is why the stamp duty Registration Charges in Punjab , Zirakpur, and Mohali for women are less than the men. These are the criteria of stamp duty for Registration Charges in Punjab.

1. For sole women or joint with another woman, the stamp duty is less than 1% of the overall stamp duty.

2. In the case of joint property, the stamp duty is 6 % if the property is registered in the man and woman’s name.

Table for Stamp Duty for Registration Charges in Punjab for Single Ownership

S.No.	Owner	Stamp Duty in (%)	Registration Charge in ( %)
1.	Men	6	1
2.	Women	5	1

Table for Stamp Duty for Registration Charges in Punjab for Joint Ownership

S.No.	Owner	Stamp Duty in (%)	Registration Charge in ( %)
1.	Men and Women	5	1
2.	Men and Men	6	1
3.	Women and Women	5	1

Deed-wise Stamp Duty and Registration Charge in Punjab

These are deed-wise stamp duty and registration charges if you are going to buy and sell any property in Punjab. These are the table to make you understand the Deed wise Stamp Duty and Registration charges in Punjab, Zirakpur, and Mohali.

Table for Deed wise stamp Duty and registration charge

Form of Deed	Stamp Duty Charge	Registration Charge in Punjab	Facilitation rate	PIBD
Gift or Sell	1 % SIC and 5% of considration amout	1% of the consideration amount which can maximum go up to 2 lakh in India Rs.	1000 Rs if the sale is 10 lakh or less than that and 3000 Rs if sell is b/w 10 to 30 lakh	1% of the consideration amount.
For Transfering Property	N/A	N/A	500 INR	N/A
General Power of Attorney – for up to 5 individuals	2000 INR	400 INR	2000 INR	N/A
General Power of Attorney for the above 5 individual	4000 INR	400 INR	2000 INR	N/A
Special Powe of Attorney	1000 INR	100 INR	2000 INR	N/A
GPA Cancelation	1000 INR	400 INR	2000 INR	N/A
SPA Cancelation	500 INR	200 INR	1000 INR	N/A
Mortgage Deed without any Possession	Consideration amount 4%	1 % consideration amount for the maximum value of 2 Lakhs INR	1000 INR	N/A
Mortgage Deed with Possession	Consideration amount 4%	1 % consideration amount for the maximum value of 2 Lakhs INR	500 INR	N/A

Giving property to someone for a certain period of time also require also requires a certain charger and this table has brief information about these charges

Table for lease Stamp Duty, Registration, and Facilitation charges in Punjab

Deed	Lease Duration	Stamp rate	Registration charge	Facilitation Charge	PIBD
Pattanama or lease	Under one year	4% annual average amount	1%annual rent	500 INR	N/A
Pattanama or lease	Between 1 to 5 year	8% annual average amount	1%annual rent	500 INR	N/A
Pattanama or lease	Between 5 to 10 years	3% annual average amount	1%annual rent	500 INR	N/A
Pattanama or lease	Between 10 to 20 years	3% annual average amount*2	1%annual rent*2	500 INR	N/A
Pattanama or lease	Between 20 to 30 years	3% annual average amount *3	1%annual rent*3	500 INR	N/A
Pattanama or lease	Between 30 to 99 years	3% annual average amount*4	1%annual rent*4	500 INR	N/A
Pattanama or lease	Will or Will not cancellation	Not applicable	4000 INR	500 INR	N/A

Process for Online Paying Property Registration Charge in Punjab

There are two different ways for doing registration in Punjab one is online and the other is offline. Here, we are going to talk about the step-wise process for doing online property registration in Punjab, Zirakpur, and Mohali.

1. Visit the official portal of Stock holding.

2. There select the option of e-stamp in Punjab drop down the list and select Punjab because they may vary from state to state.

3. Now log in by entering the right details which have been asked.

4. After filling out the form click on download to download the form.

5. The moment you have this form visit the nearby Stock Holding Corporation of India Limited (SHCIL).

6. In SHCIL we will get multiple options for doing payment which include NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), cheque, cash, demand draft, or account-to-account transfer. Select the most convenient way which is suitable for you.

7. After that, SHCIL will provide you with the e-stamp Certificate.

8. With this e-stamp certificate and the necessary documents for registration go to your registry office.

Process for Offline Paying Property Registration Charge in Punjab

The offline paying method has also certain steps by following that you can pay Property Registration Charges in Punjab, Zirakpur, and Mohali. These are the steps.

1. Visit the nearby office of the Authorised Collection Centre (ACC) or the Central Record-Keeping Agency (CRA). There ask for the required e-stamp form and fill in the details accurately.

2. After filling out the form make the payment worth those e-stamps.

3. The moment traction is complete, they will provide you with the e-stamp certificate. Keep it safe because this may require if you want to sell your property in the future.

4. Visit the registry office to show them all the necessary documents for the registration and also show them an e-stamp certificate to ensure your payment.

The Way Registration in Punjab Works

The way to calculate the registration is based on the circle rate and this rate is the standard rate below which a property can not be sold. Let us understand by an example that suppose a person name Sahil wants to sell his property in Punjab. Sahil had purchased that property at 50 lakh but now, he wants to sell that property at the circle rate of 40 Lakh. But Sahil has to pay 7% of 50 Lakh the price which is already mentioned on the paper.

Registration of property is very important because if do not do that then the property still belongs to the person from whom you have purchased it. Registration is a way by which you make your purchase legal. And for registration govt charges, some prices that everyone has to pay, and these charges are different based on property value, Gender, or as per government law. There are so many factors that may affect the registration process take legal advice before doing anything in this field. To be on the safer side you must know Property Registration Charges in Punjab, Zirakpur, and Mohali so that you do not have to fall into any trap while selling and purchasing a property.

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This is a brief intro about Property Registration Charges in Punjab, Zirakpur, and Mohali. If you still have any queries feel free to contact us here

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