Stamp Duty and Registration fee for immovable property in Tamil Nadu

advtanmoy 18/06/2019 3 minutes read

Categories of Document	Stamp Duty	Registration Fee
1 Conveyance (Sale)	7% on the market value of the property	4% on the market value of property.
2 Gift	7% on the market value of the Property	4% on the market value of the property.
3 Exchange	7% on the market value of the greater value.	4% on the market value of greater value property.
4 Simple Mortgage	1% (on the loan amount) subject to a maximum of Rs 40,000/-	1% on loan amount subject to a maximum of Rs.10,000/-
5 Mortgage with possession	4% on loan amount	1% subject to the maximum of Rs.2,00,000/-
6 Agreement to Sale	Rs.20	1 % on the money advanced(1% on total consideration if possession is given)
7.Agreement relating to construction of building	1 % on the cost of the proposed construction or the value of construction or the consideration specified in the agreement whichever is higher	1 % on the cost of the proposed construction or the value of construction or the consideration specified in the agreement whichever is higher
8 Cancellation	Rs.50	Rs.50
9 Partition
i) Partition among family members	1% on the market value of the property subject to a maximum of Rs.25000/- for each share	1% subject to a maximum of Rs.4000/- for each share.
ii) Partition among Non family members	4% on the market value of the property for separated shares	1% on the market value of the property for separated shares
10 Power of Attorney
i) General Power of Attorney to SELL the immovable property	Rs. 100	Rs.10,000
ii) General Power of Attorney to SELL the immovable property (Power is given to family member)	Rs. 100	Rs.1,000
iii) General Power of Attorney to SELL the movable property & for other purposes	Rs. 100	Rs.50
iv) General Power of Attorney given for consideration	4% on Consideration	1% on Consideration or Rs.10,000/- whichever is higher
11 .Settlement
i)In favour of family members	1% On the market value of the property but not exceeding Rs.25000/-	1% on the market value of the property subject to a maximum of Rs.4000/-
ii) Other Cases	7% on the market value of the property	4% on the Market Value
12. Partnership deed
i) where the capital doest not exceed Rs.500	Rs. 50	1% on the Capital invested
ii) Other Cases	Rs. 300	1% on the capital invested
13.Memoradum of Deposit of Title Deeds	0.5% on loan amount subject to a maximum of Rs.30000/-	1% on loan amount subject to a maximum of Rs 6000/-
14 Release
i) Release among family members (co – parcenars)	1% on the market value of the property but not exceeding Rs.25000/-	1% on the market value of the property subject to a maximum of Rs.4000/-
ii) Release among non family members (co – owner & benami release)	7% on the market value of the property	1% on the market value of the property
15 Lease
Lease below 30 years	1 % on the total amount of rent, premium, fine etc	1% subject to a maximum of Rs.20000/-
Lease upto 99 years	4 % on the total amount of rent, premium, fine etc	1% subject to a maximum of Rs.20000/-
Lease above 99 years or perpetual Leave	7 % on the total amount of rent, fine, premium of advance, if any, payable.	1% subject to a maximum of Rs.20000/-
16. Declaration of Trust (if property is there, it would be considered as sale)	Rs. 180	1% on the Amount

Updated: 15.5.2019

Tags: Property Law Tamil Nadu State Laws