When compared to other Indian states, Tamil Nadu has relatively high stamp duty fees for real estate transactions. This implies that you will have to set aside a sizeable sum for the mandatory stamp duty and registration fees when you buy property in the state.

Let's see How expensive Tamil Nadu's plot registration, stamp duty, and MODT fees are going to be in 2024.

Come let's have a look at the comprehensive guide for current finanacial year for Tamil Nadu property stamp duty and registration fees.

Let's now examine the document fees for land registration in Tamil Nadu.

Sale Deed Registration Charges in Tamil Nadu

There are two main charges associated with registering a sale deed in Tamil Nadu:

• Stamp Duty: This is a tax levied on the transfer of ownership of a property. In Tamil Nadu, the stamp duty for sale deeds is 7% of the market value of the property.

• Registration Fee: This is a fee paid to the government for registering the sale deed. The registration fee in Tamil Nadu is 4% of the market value of the property.

Therefore, the total cost of registering a sale deed in Tamil Nadu is typically around 11% of the property's market value.

Release Deed Stamp Duty in Tamil Nadu

• Family Members: If the release deed is between family members, the stamp duty and registration fee are both 1% of the market value of the property, subject to maximum limits. The maximum limit for stamp duty is Rs. 25,000, and for registration fee is Rs. 4,000.

• Non-Family Members: If the release deed involves non-family members, then the stamp duty is steeper at 7% of the market value, while the registration fee remains 1% with a maximum of Rs. 4,000.

Settlement Deed Stamp Duty in Tamil Nadu

The settlement deed stamp duty in Tamil Nadu depends on whether the settlement is between family members or not:

• Family Members: For settlements among family members, the stamp duty is a concessionary rate of 1% of the market value of the property, with a maximum limit of ₹25,000.

• Non-Family Members: In cases where the settlement deed involves non-family members, the stamp duty is significantly higher at 7% of the market value of the property. There's no maximum limit for this category.

Lease Deed Registration Charges in Tamil Nadu

Lease deed registration charges in Tamil Nadu consist of two parts: stamp duty and registration fee. Here's a breakdown:

• Stamp Duty and Registration Fee: Both are typically 1% of the total rent, fines, and premium mentioned in the lease agreement.

Important points to note:

• There's a maximum limit of ₹20,000 for both the stamp duty and registration fee combined.

Lease Duration Impact:

• Leases up to 99 years: The stamp duty remains at 1%, but the registration fee stays at 1% with a maximum limit of ₹20,000. However, the stamp duty increases to 4% on the total rent, fines, and premium.

• Leases exceeding 99 years (perpetual lease): The registration fee stays at 1% with a maximum limit of ₹20,000. However, the stamp duty jumps to a higher rate of 7% on the total rent, advance payment, or premium.

Sale Agreement Registration Charges in Tamil Nadu

Sale agreement registration charges in Tamil Nadu are significantly lower compared to sale deed registration charges. Here's what you need to know:

• Stamp Duty: The stamp duty for a sale agreement in Tamil Nadu is a flat ₹20.

• Registration Fee: The registration fee depends on whether possession of the property is handed over at the time of the agreement:

• No Possession: If possession is not given with the sale agreement, then there's no registration fee involved.

• Possession Given: If possession of the property is handed over with the agreement, then the registration fee is 1% of the total consideration amount mentioned in the agreement.

Agricultural Land Registration Charges in Tamil Nadu

Agricultural land registration charges in Tamil Nadu follow the same structure as most other property registrations but with a higher stamp duty rate. Here's a breakdown:

• Stamp Duty: This is the bigger charge and is set at 7% of the market value of the agricultural land.

• Registration Fee: This is a percentage of the market value and is lower than the stamp duty. In Tamil Nadu, the registration fee for agricultural land is 4% of the market value.

GST for Land Registration in Tamil Nadu

In Tamil Nadu, GST (Goods and Services Tax) applies to residential property registration, but not at a flat rate. The rate depends on whether the property falls under the affordable housing segment:

• Regular Residential Property: For properties that are not part of the affordable housing segment, a 5% GST without Input Tax Credit (ITC) applies.

• Affordable Housing Property: For properties registered under the affordable housing scheme, a lower 1% GST without ITC is charged.

Here's a quick summary:

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